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.
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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
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- 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
Market Segmentation
Global Surface Mount Technology Market by Equipment
- Placement Equipment
- Inspection Equipment
- Coating Equipment
- Solder Equipment
- Cleaning Equipment
- Screen Printing Equipment
- Others (Stencils, Rework and Repair Equipment)
Global Surface Mount Technology Market by Components
- Transistor & Diodes
- Integrated Circuits
- Chip Resistor
Global Surface Mount Technology Market by End Users
- Telecommunication
- Consumer electronics
- Automotive
- Aerospace & Defense
- Pharmaceutical and Medical Devices
- Energy & Power Systems
- Industrial
- Others (Printing, Paper and Pulp)
Regional Analysis
- 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
Company Profiles
- Amtest d.o.o.
- ASMPT SMT Solutions
- Blakell Europlacer Ltd.
- CyberOptics Corp.
- Fuji Corp.
- Hanwha Techwin
- Hayawin Electronic Technology Co., Ltd.
- Heller Industries, Inc.
- Juki Corp.
- KLA Corp.
- Koh Young Technology Inc.
- Kulicke and Soffa Industries, Inc.
- Mycronic AB
- Omron Corp.
- Panasonic Corp.
- Precision Valve & Automation, Inc.
- Universal Instruments Corp.
- Viscom AG
- Yamaha Motor Co., Ltd.
- Zhejiang Neoden Technology Co., Ltd.
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.
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