Global Surface Mount Technology (SMT) Equipment Market 2024-2028
The surface mount technology (SMT) equipment market is forecasted to grow by USD 2548.05 mn during 2023-2028, accelerating at a CAGR of 7.72% during the forecast period. The report on the surface mount technology (SMT) equipment market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by miniaturization of components, rising use of IoT devices and wearable technologies, rising wireless communications, and increasing usage of 3G, 4G, and 5G networks.
Technavio's surface mount technology (SMT) equipment market is segmented as below:
By End-user
- Telecommunication
- Consumer electronics
- Aerospace and defense
- Automotive
- Others
By Type
- Placement equipment
- Inspection equipment
- Soldering equipment
- Screen printing equipment
- Others
By Geographical Landscape
- APAC
- North America
- Europe
- Middle East and Africa
- South America
This study identifies the growing electronic industry to increase the demand for SMT equipment as one of the prime reasons driving the surface mount technology (SMT) equipment market growth during the next few years. Also, technological advances in product offerings and decreased cost of board and material handling will lead to sizable demand in the market.
The report on the surface mount technology (SMT) equipment market covers the following areas:
- Surface mount technology (SMT) equipment market sizing
- Surface mount technology (SMT) equipment market forecast
- Surface mount technology (SMT) equipment market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading surface mount technology (SMT) equipment market vendors that include Amistar Automation Inc., Autotronik SMT GmbH, Beijing Torch Co. Ltd., DDM Novastar Inc., Europlacer Ltd., FRITSCH GmBH, FUJI Corp., Hanwha Corp., Juki Corp., Kulicke and Soffa Industries Inc., Mirae Corp., Mycronic AB, Nordson Corp., Panasonic Holdings Corp., SMTnet, SumiLax SMT Technologies Pvt Ltd, Universal Instruments Corp., Versatec LLC, Yamaha Motor Co. Ltd., and ASMPT Ltd. Also, the surface mount technology (SMT) equipment market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources through an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.