Surface Mount Technology Market Growth Probability, Leading Vendors and Future Scenario By 2024-2031

Surface mount technology market is anticipated to grow at a CAGR of 7.7% during the forecast period (2023-2030). Surface mount technology supports manufacturing automation that reduces cost and improves quality. The growing adoption of innovation within manufacturing facilities by seamlessly integrating viable equipment and advanced devices is the key factor supporting the growth of the market globally. Surface mount technology machines are designed to respond in real-time to customer supply and demand changes through continuous, autonomous updates. This feature helps to make the autonomous factory a reality. Overall, the mounting system offers flexibility and customizable options to address the production needs of PCBAs and extend automation in manufacturing. Hence, the market players are also focusing on introducing efficiency and precision in assembling state-of-the-art surface mount technology solutions that further bolster the market growth. For instance, in September 2023, Panasonic Life Solutions India –launched new innovative NPM-G Series surface mount technology (SMT) machines, NPM-GH and NPM-GP, for Indian manufacturers. The new NPM-GH modular mounter and the NPM-GP screen printing machines mark a significant step toward realizing the concept of “Autonomous Factory” operations.

Get Free Sample link @ https://www.omrglobal.com/request-sample/surface-mount-technology-market

The global surface mount technology market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia), and the Rest of the World (the Middle East & Africa, and Latin America. Among these, Asia-Pacific is anticipated to hold a prominent share of the market across the globe, owing to the adoption of high-speed automation throughout the electronic assembly process, as well as increased efficiency and reduced carbon footprint. The key market players include Hon Hai Precision Industry Co., Ltd., Juki Corp., Samsung Electro-Mechanics, Yamaha Motor Co., Ltd. and others

full report of Surface Mount Technology Market available @ https://www.omrglobal.com/industry-reports/surface-mount-technology-market

  • Market Coverage
  • Market number available for – 2024-2030
  • Base year- 2023
  • Forecast period- 2024-2030
  • Segment Covered- By Source, By Product Type, By Applications
  • Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
  • , and others

Global Surface Mount Technology Market Report Segment

By Equipment

  • Placement Equipment
  • Inspection Equipment
  • Coating Equipment
  • Solder Equipment
  • Cleaning Equipment
  • Screen Printing Equipment
  • Others (Stencils, Rework and Repair Equipment)

By Components

  • Transistor & Diodes
  • Integrated Circuits
  • Chip Resistor

By End Users

  • Telecommunication
  • Consumer electronics
  • Automotive
  • Aerospace & Defense
  • Pharmaceutical and Medical Devices
  • Energy & Power Systems
  • Industrial (Industrial Automation and Motion Control, Mechatronics and Robotics, Power Electronics and Photovoltaics Systems)
  • Others (Printing, Paper and Pulp)

Global Surface Mount Technology Market Report Segment by Region

North America

  • United States
  • Canada

Europe

  • UK
  • Germany
  • Italy
  • Spain
  • France
  • Rest of Europe

Asia-Pacific

  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific

Rest of the World

  • Latin America
  • Middle East & Africa

The Report Covers

  • Market value data analysis of 2022 and forecast to 2030.
  • Annualized market revenues ($ million) for each market segment.
  • Country-wise analysis of major geographical regions.
  • Key companies operating in the global surface mount technology market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
  • Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
  • Analysis of market-entry and market expansion strategies.
  • Competitive strategies by identifying ‘who-stands-where’ in the market.

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/surface-mount-technology-market

About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

Media Contact:

Company Name: Orion Market Research

Contact Person: Mr. Anurag Tiwari

Email: info@omrglobal.com

Contact no: +91 780-304-0404