SMT Placement Equipment

SMT Placement Equipment

Global SMT Placement Equipment Market to Reach US$2.9 Billion by 2030

The global market for SMT Placement Equipment estimated at US$2.1 Billion in the year 2023, is expected to reach US$2.9 Billion by 2030, growing at a CAGR of 4.5% over the analysis period 2023-2030. Consumer Electronics End-Use, one of the segments analyzed in the report, is expected to record a 4.7% CAGR and reach US$1.4 Billion by the end of the analysis period. Growth in the Automotive End-Use segment is estimated at 4.8% CAGR over the analysis period.

The U.S. Market is Estimated at US$562.4 Million While China is Forecast to Grow at 7.9% CAGR

The SMT Placement Equipment market in the U.S. is estimated at US$562.4 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$650.1 Million by the year 2030 trailing a CAGR of 7.9% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 1.6% and 4.7% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 1.9% CAGR.

Global SMT Placement Equipment Market - Key Trends and Drivers Summarized

Why Is SMT Placement Equipment Integral to the Electronics Assembly Process?
Surface Mount Technology (SMT) placement equipment is a critical component of the electronics assembly process, responsible for accurately placing electronic components onto printed circuit boards (PCBs). As the electronics industry continues to evolve with the miniaturization of components, the increasing complexity of circuits, and the demand for high-volume production, SMT placement equipment has become indispensable in achieving high-speed, precise, and efficient assembly operations. These machines are extensively used in manufacturing a wide range of electronic products, from consumer electronics like smartphones and laptops to industrial electronics, automotive systems, and medical devices. The increasing adoption of automation in electronics manufacturing, driven by the need for consistent quality, reduced labor costs, and faster time-to-market, is further fueling the demand for advanced SMT placement equipment across the globe.

How Are Technological Innovations Enhancing the Capabilities of SMT Placement Equipment?
Technological innovations in SMT placement equipment are significantly enhancing their speed, accuracy, and flexibility, enabling electronics manufacturers to meet evolving market demands. Modern SMT placement machines are equipped with advanced vision systems, artificial intelligence (AI) algorithms, and machine learning (ML) capabilities that allow for real-time component recognition, placement optimization, and defect detection. The development of multi-head and multi-functional SMT placement equipment is enabling manufacturers to achieve higher throughput rates and greater versatility in handling various component types and sizes on a single platform. Additionally, the integration of Industry 4.0 principles, such as IoT connectivity, data analytics, and predictive maintenance, is enabling smarter and more efficient SMT placement processes. These advancements are driving the adoption of SMT placement equipment in high-mix, low-volume (HMLV) production environments, where flexibility and adaptability are key.

Which Market Segments Are Contributing to the Growth of the SMT Placement Equipment Industry?
Equipment types include high-speed SMT placement machines, medium-speed machines, and low-speed machines, catering to different production volumes and complexity levels. Applications are categorized into consumer electronics, automotive electronics, industrial electronics, aerospace and defense, and healthcare, among others. The consumer electronics segment dominates the market due to the high demand for smartphones, tablets, wearables, and other gadgets, driving the need for advanced SMT placement solutions. The automotive electronics segment is also experiencing rapid growth, driven by the increasing adoption of electric vehicles (EVs) and advanced driver assistance systems (ADAS). End-use segments encompass original equipment manufacturers (OEMs), electronic manufacturing services (EMS) providers, and others, with EMS providers accounting for a significant share due to the trend of outsourcing assembly operations to specialized service providers. Geographically, Asia-Pacific is the leading market, driven by the presence of major electronics manufacturers and favorable government initiatives supporting manufacturing growth.

What Are the Key Drivers of Growth in the SMT Placement Equipment Market?
The growth in the SMT placement equipment market is driven by several factors, including the increasing complexity of electronic devices, advancements in automation and machine learning, and the rising demand for high-volume production. The growing trend of miniaturization in electronics and the development of flexible and high-density PCBs are expanding the demand for sophisticated SMT placement equipment capable of handling smaller and more complex components with high precision. The integration of AI, IoT, and data analytics in SMT equipment is enhancing productivity, reducing downtime, and enabling predictive maintenance, driving their adoption among electronics manufacturers. Additionally, the shift towards electric vehicles, 5G technology, and smart devices is fueling demand for advanced SMT placement solutions in automotive, telecom, and industrial sectors. The increasing focus on improving manufacturing efficiency, reducing operational costs, and enhancing product quality is further supporting the market`s growth.

Select Competitors (Total 19 Featured) -

• Allen Organ Company LLC
• Autotronik-SMT GmbH
• Electro Scientific Industries, Inc.
• Juki Corporation
• Koh Young Technology, Inc.
• Mycronic AB
• NORDSON Corporation
• Panasonic Corporation
• Samsung Electronics Co., Ltd.
• Yamaha Corporation

Please note: Reports are sold as single-site single-user licenses. Electronic versions require 24-48 hours as each copy is customized to the client with digital controls and custom watermarks. The Publisher uses digital controls protecting against copying and printing is restricted to one full copy to be used at the same location.

The latest version of Adobe Acrobat Reader is required to view the report. Upon ordering an electronic version, the Publisher will provide a link to download the purchased report.

Prior to fulfillment of an order, the client will be required to sign a document detailing the purchase terms for a publication from this publisher.