Global Surface Mount Technology (SMT) Equipment Market: Overview
As opposed to traditional thru-hole soldering methods, surface mount technology relates with the mounting and soldering of surface mount devices (SMD) on the surface of a printed circuit board (PCB). According to the requirement, SMT utilizes different soldering equipment and works on advanced principles to offer more electrical conductivity, which offers increased reliability in comparison to thru-hole soldering technology. The global SMT market is projected for a healthy growth rate during the forecast period of 2015 to 2023.
This report on global surface mount technology equipment market is a comprehensive analysis of all the factors that are expected to influence the demand over the course of next few years, and presents figurative estimations of the future scenario. The report also some of the key players currently functional in the market, evaluating their market share and other key developments. On the basis of product, the global market can be segmented into screen print equipment (automatic, semiautomatic and manual), inspection equipment (laser, X-ray and optical), soldering equipment (wave oven and reflow oven), placement equipment (low speed, medium speed, and high speed), cleaning equipment and rework and repair equipment (manual and semiautomatic).
Global Surface Mount Technology (SMT) Equipment Market: Trends and Opportunities
In the recent past, there has been a steady increase the number of contract manufacturers, which is expected by the report to prosper the growth prospects of global SMT equipment market. The escalating demand for smart gadgets across the world is another primary factor augmenting the demand as several electronic components of these gadgets require surface mount technology for printed circuit boards. For the production of large batches of varying components and consumer preference towards miniature electronics is also expected to drive the demand for pick and place machines during the forecast period. Via research and development, new products are now being made that meet consumer’s needs.
Exponentially escalating demand from mobile phone, LCD / LED television sets, 3G telecom network, LED and CFL lighting, and other consumer electronics products market is clearly reflecting on global SMT equipment. The demand for light weight and yet more efficient electronic devices in the field of automotive and medical will further fuel the demand over the coming years. The use of X-ray inspection equipment and automatic optical inspection (AOI) is incrementing at a steady rate, which is resulting into improved quality of packaging of surface mounted devices. Application of electronics in defense has also increased significantly in the recent times, which is opening new avenues for the players in SMT equipment market. Software use in surface mount technology process is experiencing a surge too.
Global Surface Mount Technology (SMT) Equipment Market: Region-wise Outlook
The report studies the lucrativeness of the regional SMT markets of North America, Europe, Asia Pacific, and rest of the world. Currently, Asia Pacific contributes most of the demand owing to factors such as availability of skilled and yet economical labor and vast population. Several economies in this region, especially China and India, are quickly becoming the manufacturing hubs, and this trend is expected to continue throughout the forecast period.
Companies mentioned in the research report
The global SMT equipment manufacturing industry is marked by intense competitiveness and maturity of the players. Players operate at low margins with high entry barriers, and the heavy investments required for research and development of new technology is restricting the entry of new players. Some of the key players in global surface mount technology equipment market by the report are: Viscom AG, Orbotech Ltd, ASM Assembly Systems GmbH & Co. KG, Panasonic Corporation, Teradyne Inc., YXLON International FeinFocus GmbH., Universal Instruments Corp., Electro Scientific Industries Inc., X-Tek Group Inc., Omron Corporation, Speedline Technologies GmbH, Saki Corporation, Glenbrook Technologies Inc., Heller Industries Inc., CyberOptics Corporation, Taiwan Surface Mounting Technology Corp., Juki Automation Systems Inc., Assembléon Netherlands BV, Teradyne Inc., Nordson Corporation, Koh Young Technology Inc., PPT Vision Inc., and Fuji Machine Manufacturing Co.
Major regions analyzed under this research report are:
- North America
- Asia Pacific
- Rest of the World
This report gives you access to decisive data such as:
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for the coming years
Key highlights of this report
- Overview of key market forces propelling and restraining market growth
- Up-to-date analyses of market trends and technological improvements
- Pin-point analyses of market competition dynamics to offer you a competitive edge
- An analysis of strategies of major competitors
- An array of graphics and SWOT analysis of major industry segments
- Detailed analyses of industry trends
- A well-defined technological growth map with an impact-analysis
- Offers a clear understanding of the competitive landscape and key product segments
Note : All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of Transparency Market Research.