Latest News- Surface Mount Technology (SMT) Equipment Market: Telecommunication is expected to lead the End-user segment during 2025-2029

The Surface Mount Technology (SMT) Equipment Market is being driven by Miniaturization of components

The Surface Mount Technology (SMT) Equipment Market is expected to grow at a CAGR of 9% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 4028.4 million. The Surface Mount Technology (SMT) Equipment Market is witnessing substantial growth due to the surge in electric vehicle (EV) sales and manufacturing. SMT is a crucial technology in EV production as it offers superior mechanical efficiency under shock and vibration, enabling the manufacture of electrical components with conductive tracks and other features. These circuit boards mechanically support and electrically connect components, allowing for easier disassembly through the use of solder joints. In contrast, traditional PCB assembly methods involved fixing components, making disassembly a significant challenge. The increasing adoption of SMT in EV manufacturing presents lucrative opportunities for market expansion. 

Get more information on Surface Mount Technology (SMT) Equipment Market by requesting a sample report

Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• End-user
  • Telecommunication
  • Consumer electronics
  • Aerospace and defense
  • Automotive
  • Others
• Type
  • Placement equipment
  • Inspection equipment
  • Soldering equipment
  • Screen printing equipment
  • Others
• Geography
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
  • Middle East and Africa
  • South America

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Miniaturization of components
• Rising use of IoT devices and wearable technologies
• Rising wireless communications and increasing usage of 3G, 4G, and 5G network

However, the market also witnesses some limitations, which are as follows:

• High cost of deployment
• Lack of skilled workers
• Preference for leasing equipment among end-users

Benefits of Buying Global Surface Mount Technology (SMT) Equipment Market Research Report by Technavio

Rich Experience: 20+ years leading global market research, trusted insights across industries.

Unlock Business Potential with Technavio: Maximize ROI with Technavio's tailored market research: deep dives and actionable insights.

Your Guide to Market Success: Empower your business with Technavio's market research and future-proof your decisions.

Market Scope in Surface Mount Technology (SMT) Equipment Market Research Report

Request Free Sample

Find out which segment is leading the market by accessing the free PDF report

Research Analysis Overview

The Surface Mount Technology (SMT) Equipment Market is witnessing significant growth due to the increasing demand for circuit boards in the Consumer Electronics Market. Companies like CyberOptics Corporation are leading this trend with advanced SMT equipment for mounting electronic components on PCBs. The Telecommunications sector and Smartphone adoption rates are key drivers, with a focus on semiconductor packaging research and wireless communication standards. Passive Components are essential in PCB design and manufacturing, and SMT technology is crucial for semiconductor packaging in electronic devices.

Market Research Overview

The global electronic equipment and instruments market, a significant segment of the broader electronics industry, encompasses organizations engaged in the production of communications equipment, technology hardware storage and peripherals, electronic equipment and instruments, and electronic components. According to Technavio's market analysis, the size of this market is determined by the revenue generated from the sales of associated ICT and electronics products, equipment, and components. The market's expansion will be influenced by the escalating demand for advanced electronic test and measurement equipment. This demand is driven by technological innovations and digital transformation in various sectors, including semiconductors, automotive, IT, consumer electronics, industrial, energy, and medical devices. CyberOptics Corporation, a key player in the SMT (Surface Mount Technology) equipment market, specializes in automated equipment for semiconductor research, semiconductor packaging, and the placement of passive components. Their offerings cater to the increasing need for precise and efficient manufacturing processes in the electronics industry.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/