Authored By: Sarah
11 Jul 2024

 Surface Mount Technology (SMT) Equipment Market Size to grow by USD 2548.05 million between 2024-2028

According to a research report “ Surface Mount Technology (SMT) Equipment Market” by End-user (Telecommunication, Consumer electronics, Aerospace and defense, Automotive, Others) Type (Placement equipment, Inspection equipment, Soldering equipment, Screen printing equipment, Others) Geography (APAC, North America, Europe, Middle East and Africa, South America)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 2548.05 million, at a CAGR of  7.72% during the forecast period. The Surface Mount Technology (SMT) Equipment Market is witnessing significant growth due to the increasing demand for smaller footprints and lower cost per board in consumer product manufacturing. With a focus on reducing end-product dimensions, the electronics industry is increasingly utilizing smaller passive components, with size factors approaching 0.5 mm. This trend towards miniaturization is expected to continue, leading to an increased demand for advanced SMT equipment capable of handling high assembly densities. As manufacturers seek to automate and ensure accurate placement in the manufacturing process, the market for SMT equipment equipped with sophisticated software and feeder technology is poised for substantial growth throughout the forecast period.

Browse market data tables, figures, and in-depth TOC on “Surface Mount Technology (SMT) Equipment Market” by End-user (Telecommunication, Consumer electronics, Aerospace and defense, Automotive, Others) Type (Placement equipment, Inspection equipment, Soldering equipment, Screen printing equipment, Others) Geography (APAC, North America, Europe, Middle East and Africa, South America) Global Forecast to 2028. Download Free Sample

 

By End-user, the Telecommunication segment is projected to dominate the market size in 2024

The Surface Mount Technology (SMT) placement equipment market is experiencing significant growth due to the increasing demand for efficient and flexible production processes in various industries. SMT placement equipment plays a crucial role in the manufacturing process by accurately placing semiconductors and passive components onto Printed Circuit Boards (PCBs). This technology offers advantages such as improved operational performance through the placement of small components with precision, and the reduction of undesirable electrical effects like inductance and spurious capacitance. Vendors in this market are responding to evolving industry trends by introducing innovative SMT placement systems. For instance, Keystone Electronics' recent launch of metric and inch-threaded versions of ultra-flat surface mount thread inserts signifies the industry's commitment to miniaturization and adaptability. As end-users continue to prioritize operational efficiency and flexibility, the SMT placement equipment segment is poised for continued expansion.

By Type, Placement equipment  segment is expected to hold the largest market size for the year 2024

The telecom sector's expansion is fueling the need for sophisticated technologies, including Surface Mount Technology (SMT) equipment, in the manufacturing process for various networking and telecom products. Factors such as the demand for miniaturization and quicker time-to-market (TTM) are propelling the adoption of SMT equipment for high-speed component placement. In response to evolving industry standards, telecom industry players are anticipated to adjust their offerings, focusing on both design and manufacturability. The industry standard for component size has shifted to 0402 packaging, and the rapid pace of design changes is leading manufacturers to increasingly opt for SMT equipment for efficient and high-speed component placement.

APAC is forecasted to hold the largest market size by region in 2024

The Surface Mount Technology (SMT) Equipment Market is anticipated to experience significant growth, with key contributing countries including China, South Korea, Japan, India, and Taiwan. These nations' robust industrial sectors and well-established semiconductor fabrication units are expected to fuel market expansion. The future growth trajectory may be influenced by a strategic emphasis on application sectors, such as automotive, electrical and electronics, and renewable energy. China and Japan, as major manufacturing hubs, are driving the demand for flexible automation among manufacturers, particularly in the electronics and appliances, semiconductors, and automotive industries. The automotive sector in China and the electronics industry in Japan are actively adopting automation equipment to enhance productivity and efficiency.

The Surface Mount Technology (SMT) Equipment Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:

  • 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.
  • ASMPT Ltd.
.

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Research Analysis Overview

Surface Mount Technology (SMT) equipment market is witnessing significant growth due to the increasing demand for miniaturization in electronic devices, particularly in the telecommunications sector and consumer electronics market. The adoption of wireless communication standards, such as 5G, is driving the need for advanced semiconductor packaging and PCB manufacturing technologies, including SMT. Key components of SMT include transistors, resistors, capacitors, and other passive components. Semiconductor research and semiconductor packaging research are crucial areas of focus for SMT equipment manufacturers. The smartphone adoption rates continue to soar, fueling the demand for high-performance, compact electronic devices. CyberOptics Corporation is a leading provider of SMT equipment, offering advanced 3D inspection systems for PCB design and manufacturing. These systems help ensure the highest levels of quality and reliability in the production of electronic components, including transistors, resistors, capacitors, and other critical semiconductor devices. The SMT equipment market is expected to continue its growth trajectory, driven by the ongoing miniaturization of electronic devices and the increasing demand for advanced wireless communication technologies.

Market Research Overview

The Surface Mount Technology (SMT) Equipment Market is witnessing significant growth due to the increasing demand for electronic devices in various sectors such as the semiconductor industry, automotive, telecommunications, and consumer electronics. Key players in the market include Summit Interconnect, Royal Circuit Solutions, TE Connectivity, and CyberOptics Corporation. These companies provide a range of SMT equipment for manufacturing electronic components such as capacitors and resistors. The market for SMT equipment is driven by the adoption of miniaturization in electronic devices, wireless communication standards, and smartphone adoption rates. The automotive sector and aerospace & defense industry are also major consumers of SMT equipment due to the increasing use of electronic components in vehicles and defense systems. The SMT Equipment Market caters to various application niches, including PCB design, manufacturing, and testing services. The market offers various types of equipment such as cleaning equipment, placement equipment, screen printing equipment, soldering equipment, and inspection equipment. CyberOptics Corporation is a leading player in the SMT Equipment Market, offering advanced automation technology, machine learning (ML), and artificial intelligence (AI) solutions for semiconductor packaging research. The company's SM (Surface Mount) and Semiconductors Research divisions provide innovative solutions for passive components, transistors, and circuit boards. The SMT Equipment Market also offers aftermarket services, manufacturing services, supply chain services, and designing services to cater to the diverse needs of the industry. The logistics industry also plays a crucial role in the import-export analysis and trade regulations of SMT equipment. The market is expected to continue its growth trajectory due to the increasing demand for automated equipment and advanced technologies in the IT & telecommunication industry.

Contacts

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/

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