Global Surface Mount Technologies Market Growth (Status and Outlook) 2023-2029

Global Surface Mount Technologies Market Growth (Status and Outlook) 2023-2029

Surface mount technology is a method through which electronic circuit is produced. In this technology, components of electronic circuits are placed directly onto the surface of printed circuit boards (PCBs). An electronic device made with surface mount technology is called as surface mount device. In present time, all mass produced electronics hardware are manufactured by using surface mount technology.

LPI (LP Information)' newest research report, the “Surface Mount Technologies Industry Forecast” looks at past sales and reviews total world Surface Mount Technologies sales in 2022, providing a comprehensive analysis by region and market sector of projected Surface Mount Technologies sales for 2023 through 2029. With Surface Mount Technologies sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Surface Mount Technologies industry.

This Insight Report provides a comprehensive analysis of the global Surface Mount Technologies landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Surface Mount Technologies portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Surface Mount Technologies market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Surface Mount Technologies and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Surface Mount Technologies.

The global Surface Mount Technologies market size is projected to grow from US$ 34350 million in 2022 to US$ 62900 million in 2029; it is expected to grow at a CAGR of 9.0% from 2023 to 2029.

Global Surface Mount Technology market is expected to grow rapidly during the forecast period. Factors which are driving the growth of global Surface Mount Technology market are growing electronics industry, increasing use of flexible materials printed circuit boards, increasing mass production of electronics hardware devices and rising miniaturization trend & need for mounting electrical & mechanical components. On the other hand factors which are restraining the growth of global surface mount technology market are high cost of surface mount equipment system, surface mount technology is unsuitable for high power or high voltage parts such as power circuitry.

This report presents a comprehensive overview, market shares, and growth opportunities of Surface Mount Technologies market by product type, application, key players and key regions and countries.

Market Segmentation:

Segmentation by type
Placement
Inspection
Soldering
Screen Printing
Cleaning
Repair & Rework

Segmentation by application
Consumer Electronics
Automotive
Aerospace & Defense

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
ASMPT
Assembleon
Fuji Machine
Juki
Panasonic
Koh Young Technology
Nordson

Please note: The report will take approximately 2 business days to prepare and deliver.