Surface Mount Technology Equipment Market

Surface Mount Technology Equipment Market (End-use: Automotive, Aerospace & Defense, Consumer Electronics, Healthcare, Industrial, and Others) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2023-2031

Market Outlook 2031

  • The global surface mount technology equipment market size stood at US$ 5.7 Bn in 2022
  • It is expected to increase at a CAGR of 5.9% from 2023 to 2031 and reach US$ 9.1 Bn by the end of 2031

Analyst Viewpoint

Exponential growth of the electronics industry is driving the demand for surface mount technology (SMT), as it enables more electronics to be packed in smaller space and reduces assembly time of surface mount boards. Furthermore, growing demand for smaller, lighter, and more advanced devices, ranging from smartphones and tablets to medical equipment and automotive electronics, is driving the adoption of automated surface mount technology solutions.

Increase in demand for reduction in production, assembly time, and costs of electronic devices is creating lucrative business growth opportunities for manufacturers of surface mount technology equipment. Moreover, growing emphasis on reduction of carbon footprint and focus on halogen- free and lead-free soldering of PCBs in the electronics industry is anticipated to drive the surface mount technology equipment market growth in the near future.

Surface Mount Technology Equipment Market

Market Introduction

Surface mount technology (SMT) components, unlike through-holes technology (wherein components have leads inserted into the drilled holes), have either smaller leads or no leads. They instead rely on reflow soldering process and solder paste for establishing electrical conditions. Miniaturization of electronic devices, improved performance owing to shorter signal paths, and raised manufacturing efficiency are major advantages offered by SMT.

Surface mount connectors, such as USB ports or HDMI connectors, are directly mounted onto PCBs to enable easy interfacing with various other devices. Surface mount technology also allows for higher structural integrity, particularly in harsh conditions such as vibration-related environmental stresses.

Increase in demand for flexible printed circuit boards due to rising trend of miniaturization of existing electronic components is expected to drive the SMT machinery market demand during the forecast period.

High investment cost of machinery for setting up production units, the need for high-frequency applications and thermal management, and stress on PCBs due to coefficient of thermal expansion (CTE) mismatch are key factors that could restrain the surface mount technology equipment market development during the forecast period.

Increase in Demand for Space Management in Electronics Manufacturing Boosting Surface Mount Technology Equipment Industry Growth

Increase in demand for miniaturized products has led to the development of smaller electronic components that occupy less space. SMT allows for increased manufacturing automation, which reduces cost, improves quality, and also enables more components to be fit on a given area of substrate.

SMT utilizes automated production techniques, such as reflow soldering, to solder components directly onto the PCB’s surface. Moreover, SMT components are capable of handling high-power applications with appropriate thermal management. These advantages of SMT make the manufacturing process highly efficient and consistent and are anticipated to fuel the surface mount technology equipment market demand in the near future.

Surge in Demand for Smaller, Faster, and Cheaper Electronics Driving Surface Mount Technology Equipment Market Value

The consumer electronics industry is constantly evolving through innovations in technologies such as fingerprint sensors in mobiles and smart televisions. Increase in need for fast, inexpensive, and miniaturized products has driven the trend of miniaturization of electronic components. This is possible when the hardware components of devices are small in size and can run smoothly while being integrated with several components. This is driving the usage of surface mount technology equipment.

SMT has greatly helped solve common space problems in electronics manufacturing, and its use has become the predominant choice for high-volume consumer electronics manufacturing. Furthermore, increased usage of flexible printed circuit boards is also likely to propel the surface mount technology equipment market revenue during the forecast period.

Regional Surface Mount Technology Equipment Market Outlook

Asia Pacific held the largest surface mount technology equipment market share in 2022, owing to the presence of several prominent PCB manufacturing facilities in countries such as China. Furthermore, Taiwan, Japan, and South Korea are rapidly growing into prominent manufacturing hubs of PCBs. Vietnam is also emerging as an electronics hub, with Statista confirming that it is the second-largest exporter of smartphones worldwide.

The surface mount technology equipment market size in Europe is expected to grow in the next few years due to the implementation of a multi-government policy called ‘Electric Vehicles Initiative (EVI)’. The objective is to accelerate acceptance as well as development of electric vehicles in the region.

The surface mount technology equipment market value in North America is expected to be driven by collaboration between academia and industry for conducting cutting-edge research to develop high-density surface mount technology equipment.

Analysis of Key Players

The surface mount technology equipment industry is consolidated with the presence of a few players holding major market share. Leading manufacturers are following the latest surface mount technology equipment market trends and engaging in new product launches and mergers & acquisitions to consolidate their presence in the global market.

Dou Yee Enterprises (S) Pte. Ltd., JUTZE Intelligence Technology Co., Ltd., Koh Young Technology, Mirtech, Nordson Corporation, Omron Corporation, PARMI Corporation, Saki Corporation, Test Research, Inc., Vi Technology (Mycronic AB), Viscom AG, Vitrox Corporation, and Yamaha Motor Co., Ltd. are a few notable players that offer inspection equipment. While ASML Holding, N.V., Fuji Machine Mfg. Co., Ltd., Hitachi, Ltd., Juki Corporation, KLA-Tencor Corporation, Koh Young Technology, Mycronic AB, Nordson Corporation, Orbotech Ltd., Panasonic Corporation, PARMI Corp., Test Research, Inc., and Yamaha Motor Co., Ltd. are key notable players offering surface mount technology equipment.

Key Developments

  • In February 2023, Yamaha Motors introduced YRM20DL surface mounter – one of the premium high-efficiency modular achieving per-unit-area productivity abreast with high-rigidity dual-lane conveyor. The system’s delivery is planned for Q2 2024.
  • In December 2022, Mycronic AB received an order for Prexision 800 Evo mask writer for display-oriented applications from existing customers in Asia
  • In December 2022, Linx Technologies introduced a surface mount GNSS antenna with the objective of supporting GPS, GLONASS, Galileo, Beidou, and QZSS systems in L1/E1/B1 bands
  • In November 2022, Cicor completed the acquisition of Phoenix Mecano Digital Elektronik and Phoenix Mecano Digital Tunisie
  • In May 2022, Summit Interconnect completed the acquisition of Royal Circuit Solutions and Affiliates to be among the largest privately held manufacturers of PCBs in North America

Surface Mount Technology Equipment Market Snapshot

Attribute Detail
Market Value in 2022 (Base Year) US$ 5.7 Bn
Market Forecast Value in 2031 US$ 9.1 Bn
Growth Rate (CAGR) 5.9%
Forecast Period 2023-2031
Quantitative Units US$ Bn for Value and Thousand Units for Volume
Market Analysis Qualitative analysis includes drivers, restraints, opportunities, key trends, key market indicators, Porter’s Five Forces analysis, value chain analysis, and SWOT analysis. Furthermore, at the regional level, the qualitative analysis includes key trends, price trends, and key supplier analysis.
Competition Landscape
  • Prominent Players – Competition Dashboard and Revenue Share Analysis, 2022
  • Company Profiles (Details – Company Overview, Sales Area/Geographical Presence, Revenue, Strategy & Business Overview)
Regions Covered
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
Market Segmentation
  • Equipment Type
    • Placement Equipment
    • Soldering Equipment
    • Cleaning Equipment
    • Inspection Equipment (Device Type (2D/3D)
  • End-use Industry
    • Automotive
    • Aerospace & Defense
    • Consumer Electronics
    • Healthcare
    • Industrial
    • Others
Companies Profiled
  • By Inspection
    • Dou Yee Enterprises (S) Pte. Ltd.
    • JUTZE Intelligence Technology Co., Ltd.
    • Koh Young Technology
    • Mirtech
    • Nordson Corporation
    • Omron Corporation
    • PARMI Corporation
    • Saki Corporation
    • Test Research, Inc.
    • Vi Technology (Mycronic AB)
    • Viscom AG
    • Vitrox Corporation
    • Yamaha Motor Co., Ltd.
  • By Surface Mount Technology
    • ASML Holding, N.V.
    • Fuji Machine Mfg. Co., Ltd.
    • Hitachi, Ltd.
    • Juki Corporation
    • KLA-Tencor Corporation
    • Koh Young Technology
    • Mycronic AB
    • Nordson Corporation
    • Orbotech Ltd.
    • Panasonic Corporation
    • PARMI Corp.
    • Test Research, Inc.
    • Yamaha Motor Co., Ltd.
Scope for Customization Available upon Request
Pricing Available upon Request

Frequently Asked Questions

How big was the surface mount technology equipment market in 2022?

The global market was valued at US$ 5.7 Bn in 2022

How is surface mount technology equipment industry expected to grow during the forecast period?

It is projected to grow at a CAGR of 5.9% from 2023 to 2031

What are the key factors driving the demand for surface mount technology equipment?

Increase in demand for space management in electronics manufacturing and surge in demand for smaller, faster, and cheaper electronics

Which surface mount technology equipment segment held largest share in 2022?

In terms of end-user industry, the consumer electronics segment held largest share in 2022

Which region is expected to dominate the surface mount technology equipment business?

Asia Pacific is estimated to dominate in the next few years

Who are the key surface mount technology equipment manufacturers?

ASML Holding, N.V., Fuji Machine Manufacturing Co., Ltd., Hitachi, Ltd., Juki Corporation, KLA-Tencor Corporation, Koh Young Technology, Mycronic AB, Nordson Corporation, Orbotech Ltd., Panasonic Corporation, PARMI Corp., Test Research, Inc., Yamaha Motor Co., Ltd., Dou Yee Enterprises (S) Pte Ltd., JUTZE Intelligence Technology Co., Ltd., Viscom AG, Vitrox Corporation, Omron Corporation, Saki Corporation, and Mirtech.

    1. Preface

        1.1. Market and Segment Definitions

        1.2. Market Taxonomy

        1.3. Research Methodology

        1.4. Assumption and Acronyms

    2. Executive Summary

        2.1. Global Surface Mount Technology Equipment Market Overview

        2.2. Regional Outline

        2.3. Industry Outline

        2.4. Market Dynamics Snapshot

        2.5. Competition Blueprint

    3. Market Dynamics

        3.1. Macro-economic Factors

        3.2. Drivers

        3.3. Restraints

        3.4. Opportunities

        3.5. Key Trends

        3.6. Regulatory Framework

    4. Associated Industry and Key Indicator Assessment

        4.1. Parent Industry Overview – Industry Automation Overview

        4.2. Ecosystem Analysis

        4.3. Pricing Analysis

        4.4. Technology Roadmap Analysis

        4.5. Industry SWOT Analysis

        4.6. Porter Five Forces Analysis

    5. Global Surface Mount Technology Equipment Market Analysis, by Equipment Type

        5.1. Surface Mount Technology Equipment Market Size (US$ Mn) and Volume (Thousand Units) Analysis & Forecast, by Equipment Type, 2023–2031

            5.1.1. Place Equipment

            5.1.2. Soldering Equipment

            5.1.3. Cleaning Equipment

            5.1.4. Inspection Equipment

                5.1.4.1. Device Type (2D/3D)

                    5.1.4.1.1. AOI

                    5.1.4.1.2. SPI

                    5.1.4.1.3. AXI

            5.1.5. Others

        5.2. Market Attractiveness Analysis, by Equipment Type

    6. Global Surface Mount Technology Equipment Market Analysis, by End-use Industry

        6.1. Surface Mount Technology Equipment Market Size (US$ Mn) Analysis & Forecast, by End-use Industry, 2023–2031

            6.1.1. Automotive

            6.1.2. Aerospace & Defense

            6.1.3. Consumer Electronics

            6.1.4. Healthcare

            6.1.5. Industrial

            6.1.6. Others

        6.2. Market Attractiveness Analysis, by End-use Industry

    7. Global Surface Mount Technology Equipment Market Analysis and Forecast, by Region

        7.1. Surface Mount Technology Equipment Market Size (US$ Mn) and Volume (Thousand Units) Analysis & Forecast, by Region, 2023–2031

            7.1.1. North America

            7.1.2. Europe

            7.1.3. Asia Pacific

            7.1.4. Middle East & Africa

            7.1.5. South America

        7.2. Market Attractiveness Analysis, by Region

    8. North America Surface Mount Technology Equipment Market Analysis and Forecast

        8.1. Market Snapshot

        8.2. Surface Mount Technology Equipment Market Size (US$ Mn) and Volume (Thousand Units) Analysis & Forecast, by Equipment Type, 2023–2031

            8.2.1. Place Equipment

            8.2.2. Soldering Equipment

            8.2.3. Cleaning Equipment

            8.2.4. Inspection Equipment

                8.2.4.1. Device Type (2D/3D)

                    8.2.4.1.1. AOI

                    8.2.4.1.2. SPI

                    8.2.4.1.3. AXI

            8.2.5. Others

        8.3. Surface Mount Technology Equipment Market Size (US$ Mn) Analysis & Forecast, by End-use Industry, 2023–2031

            8.3.1. Automotive

            8.3.2. Aerospace & Defense

            8.3.3. Consumer Electronics

            8.3.4. Healthcare

            8.3.5. Industrial

            8.3.6. Others

        8.4. Surface Mount Technology Equipment Market Size (US$ Mn) and Volume (Thousand Units) Analysis & Forecast, by Country, 2023–2031

            8.4.1. U.S.

            8.4.2. Canada

            8.4.3. Rest of North America

        8.5. Market Attractiveness Analysis

            8.5.1. By Equipment Type

            8.5.2. By End-use Industry

            8.5.3. By Country/Sub-region

    9. Europe Surface Mount Technology Equipment Market Analysis and Forecast

        9.1. Market Snapshot

        9.2. Surface Mount Technology Equipment Market Size (US$ Mn) and Volume (Thousand Units) Analysis & Forecast, by Equipment Type, 2023–2031

            9.2.1. Place Equipment

            9.2.2. Soldering Equipment

            9.2.3. Cleaning Equipment

            9.2.4. Inspection Equipment

                9.2.4.1. Device Type (2D/3D)

                    9.2.4.1.1. AOI

                    9.2.4.1.2. SPI

                    9.2.4.1.3. AXI

            9.2.5. Others

        9.3. Surface Mount Technology Equipment Market Size (US$ Mn) Analysis & Forecast, by End-use Industry, 2023–2031

            9.3.1. Automotive

            9.3.2. Aerospace & Defense

            9.3.3. Consumer Electronics

            9.3.4. Healthcare

            9.3.5. Industrial

            9.3.6. Others

        9.4. Surface Mount Technology Equipment Market Size (US$ Mn) and Volume (Thousand Units) Analysis & Forecast, by Country and Sub-region, 2023–2031

            9.4.1. U.K.

            9.4.2. Germany

            9.4.3. France

            9.4.4. Rest of Europe

        9.5. Market Attractiveness Analysis

            9.5.1. By Equipment Type

            9.5.2. By End-use Industry

            9.5.3. By Country/Sub-region

    10. Asia Pacific Surface Mount Technology Equipment Market Analysis and Forecast

        10.1. Market Snapshot

        10.2. Surface Mount Technology Equipment Market Size (US$ Mn) and Volume (Thousand Units) Analysis & Forecast, by Equipment Type, 2023–2031

            10.2.1. Place Equipment

            10.2.2. Soldering Equipment

            10.2.3. Cleaning Equipment

            10.2.4. Inspection Equipment

                10.2.4.1. Device Type (2D/3D)

                    10.2.4.1.1. AOI

                    10.2.4.1.2. SPI

                    10.2.4.1.3. AXI

            10.2.5. Others

        10.3. Surface Mount Technology Equipment Market Size (US$ Mn) Analysis & Forecast, by End-use Industry, 2023–2031

            10.3.1. Automotive

            10.3.2. Aerospace & Defense

            10.3.3. Consumer Electronics

            10.3.4. Healthcare

            10.3.5. Industrial

            10.3.6. Others

        10.4. Surface Mount Technology Equipment Market Size (US$ Mn) and Volume (Thousand Units) Analysis & Forecast, by Country and Sub-region, 2023–2031

            10.4.1. China

            10.4.2. Japan

            10.4.3. India

            10.4.4. South Korea

            10.4.5. ASEAN

            10.4.6. Rest of Asia Pacific

        10.5. Market Attractiveness Analysis

            10.5.1. By Equipment Type

            10.5.2. By End-use Industry

            10.5.3. By Country/Sub-region

    11. Middle East & Africa Surface Mount Technology Equipment Market Analysis and Forecast

        11.1. Market Snapshot

        11.2. Surface Mount Technology Equipment Market Size (US$ Mn) and Volume (Thousand Units) Analysis & Forecast, by Equipment Type, 2023–2031

            11.2.1. Place Equipment

            11.2.2. Soldering Equipment

            11.2.3. Cleaning Equipment

            11.2.4. Inspection Equipment

                11.2.4.1. Device Type (2D/3D)

                    11.2.4.1.1. AOI

                    11.2.4.1.2. SPI

                    11.2.4.1.3. AXI

            11.2.5. Other

        11.3. Surface Mount Technology Equipment Market Size (US$ Mn) Analysis & Forecast, by End-use Industry, 2023–2031

            11.3.1. Automotive

            11.3.2. Aerospace & Defense

            11.3.3. Consumer Electronics

            11.3.4. Healthcare

            11.3.5. Industrial

            11.3.6. Others

        11.4. Surface Mount Technology Equipment Market Size (US$ Mn) and Volume (Thousand Units) Analysis & Forecast, by Country and Sub-region, 2023–2031

            11.4.1. GCC

            11.4.2. South Africa

            11.4.3. Rest of Middle East & Africa

        11.5. Market Attractiveness Analysis

            11.5.1. By Equipment Type

            11.5.2. Ammunition

            11.5.3. By Country/Sub-region

    12. South America Surface Mount Technology Equipment Market Analysis and Forecast

        12.1. Market Snapshot

        12.2. Surface Mount Technology Equipment Market Size (US$ Mn) and Volume (Thousand Units) Analysis & Forecast, by Equipment Type, 2023–2031

            12.2.1. Place Equipment

            12.2.2. Soldering Equipment

            12.2.3. Cleaning Equipment

            12.2.4. Inspection Equipment

                12.2.4.1. Device Type (2D/3D)

                    12.2.4.1.1. AOI

                    12.2.4.1.2. SPI

                    12.2.4.1.3. AXI

            12.2.5. Others

        12.3. Surface Mount Technology Equipment Market Size (US$ Mn) Analysis & Forecast, by End-use Industry, 2023–2031

            12.3.1. Automotive

            12.3.2. Aerospace & Defense

            12.3.3. Consumer Electronics

            12.3.4. Healthcare

            12.3.5. Industrial

            12.3.6. Others

        12.4. Surface Mount Technology Equipment Market Size (US$ Mn) and Volume (Thousand Units) Analysis & Forecast, by Country and Sub-region, 2023–2031

            12.4.1. Brazil

            12.4.2. Rest of South America

        12.5. Market Attractiveness Analysis

            12.5.1. By Equipment Type

            12.5.2. By End-use Industry

            12.5.3. By Country/Sub-region

    13. Competition Assessment

        13.1. Global Surface Mount Technology Equipment Market Competition Matrix - a Dashboard View

            13.1.1. Global Surface Mount Technology Equipment Market Company Share Analysis, by Value (2022)

            13.1.2. Technological Differentiator

    14. Company Profiles (Global Manufacturers/Suppliers – By Inspection)

        14.1. Dou Yee Enterprises (S) Pte. Ltd.

            14.1.1. Overview

            14.1.2. Product Portfolio

            14.1.3. Sales Footprint

            14.1.4. Key Subsidiaries or Distributors

            14.1.5. Strategy and Recent Developments

            14.1.6. Key Financials

        14.2. JUTZE Intelligence Technology Co., Ltd.

            14.2.1. Overview

            14.2.2. Product Portfolio

            14.2.3. Sales Footprint

            14.2.4. Key Subsidiaries or Distributors

            14.2.5. Strategy and Recent Developments

            14.2.6. Key Financials

        14.3. Koh Young Technology

            14.3.1. Overview

            14.3.2. Product Portfolio

            14.3.3. Sales Footprint

            14.3.4. Key Subsidiaries or Distributors

            14.3.5. Strategy and Recent Developments

            14.3.6. Key Financials

        14.4. Mirtech

            14.4.1. Overview

            14.4.2. Product Portfolio

            14.4.3. Sales Footprint

            14.4.4. Key Subsidiaries or Distributors

            14.4.5. Strategy and Recent Developments

            14.4.6. Key Financials

        14.5. Nordson Corporation

            14.5.1. Overview

            14.5.2. Product Portfolio

            14.5.3. Sales Footprint

            14.5.4. Key Subsidiaries or Distributors

            14.5.5. Strategy and Recent Developments

            14.5.6. Key Financials

        14.6. Omron Corporation

            14.6.1. Overview

            14.6.2. Product Portfolio

            14.6.3. Sales Footprint

            14.6.4. Key Subsidiaries or Distributors

            14.6.5. Strategy and Recent Developments

            14.6.6. Key Financials

        14.7. PARMI Corporation

            14.7.1. Overview

            14.7.2. Product Portfolio

            14.7.3. Sales Footprint

            14.7.4. Key Subsidiaries or Distributors

            14.7.5. Strategy and Recent Developments

            14.7.6. Key Financials

        14.8. Saki Corporation

            14.8.1. Overview

            14.8.2. Product Portfolio

            14.8.3. Sales Footprint

            14.8.4. Key Subsidiaries or Distributors

            14.8.5. Strategy and Recent Developments

            14.8.6. Key Financials

        14.9. Test Research, Inc.

            14.9.1. Overview

            14.9.2. Product Portfolio

            14.9.3. Sales Footprint

            14.9.4. Key Subsidiaries or Distributors

            14.9.5. Strategy and Recent Developments

            14.9.6. Key Financials

        14.10. Vi Technology (Mycronic AB)

            14.10.1. Overview

            14.10.2. Product Portfolio

            14.10.3. Sales Footprint

            14.10.4. Key Subsidiaries or Distributors

            14.10.5. Strategy and Recent Developments

            14.10.6. Key Financials

        14.11. Viscom AG

            14.11.1. Overview

            14.11.2. Product Portfolio

            14.11.3. Sales Footprint

            14.11.4. Key Subsidiaries or Distributors

            14.11.5. Strategy and Recent Developments

            14.11.6. Key Financials

        14.12. Vitrox Corporation

            14.12.1. Overview

            14.12.2. Product Portfolio

            14.12.3. Sales Footprint

            14.12.4. Key Subsidiaries or Distributors

            14.12.5. Strategy and Recent Developments

            14.12.6. Key Financials

        14.13. Yamaha Motor Co., Ltd.

            14.13.1. Overview

            14.13.2. Product Portfolio

            14.13.3. Sales Footprint

            14.13.4. Key Subsidiaries or Distributors

            14.13.5. Strategy and Recent Developments

            14.13.6. Key Financials

    15. Company Profiles (Global Manufacturers/Suppliers – By Surface Mount Technology)

        15.1. ASML Holding, N.V.

            15.1.1. Overview

            15.1.2. Product Portfolio

            15.1.3. Sales Footprint

            15.1.4. Key Subsidiaries or Distributors

            15.1.5. Strategy and Recent Developments

            15.1.6. Key Financials

        15.2. Fuji Machine Mfg. Co., Ltd.

            15.2.1. Overview

            15.2.2. Product Portfolio

            15.2.3. Sales Footprint

            15.2.4. Key Subsidiaries or Distributors

            15.2.5. Strategy and Recent Developments

            15.2.6. Key Financials

        15.3. Hitachi, Ltd.

            15.3.1. Overview

            15.3.2. Product Portfolio

            15.3.3. Sales Footprint

            15.3.4. Key Subsidiaries or Distributors

            15.3.5. Strategy and Recent Developments

            15.3.6. Key Financials

        15.4. Juki Corporation

            15.4.1. Overview

            15.4.2. Product Portfolio

            15.4.3. Sales Footprint

            15.4.4. Key Subsidiaries or Distributors

            15.4.5. Strategy and Recent Developments

            15.4.6. Key Financials

        15.5. KLA-Tencor Corporation

            15.5.1. Overview

            15.5.2. Product Portfolio

            15.5.3. Sales Footprint

            15.5.4. Key Subsidiaries or Distributors

            15.5.5. Strategy and Recent Developments

            15.5.6. Key Financials

        15.6. Koh Young Technology

            15.6.1. Overview

            15.6.2. Product Portfolio

            15.6.3. Sales Footprint

            15.6.4. Key Subsidiaries or Distributors

            15.6.5. Strategy and Recent Developments

            15.6.6. Key Financials

        15.7. Mycronic AB

            15.7.1. Overview

            15.7.2. Product Portfolio

            15.7.3. Sales Footprint

            15.7.4. Key Subsidiaries or Distributors

            15.7.5. Strategy and Recent Developments

            15.7.6. Key Financials

        15.8. Nordson Corporation

            15.8.1. Overview

            15.8.2. Product Portfolio

            15.8.3. Sales Footprint

            15.8.4. Key Subsidiaries or Distributors

            15.8.5. Strategy and Recent Developments

            15.8.6. Key Financials

        15.9. Orbotech Ltd.

            15.9.1. Overview

            15.9.2. Product Portfolio

            15.9.3. Sales Footprint

            15.9.4. Key Subsidiaries or Distributors

            15.9.5. Strategy and Recent Developments

            15.9.6. Key Financials

        15.10. Panasonic Corporation

            15.10.1. Overview

            15.10.2. Product Portfolio

            15.10.3. Sales Footprint

            15.10.4. Key Subsidiaries or Distributors

            15.10.5. Strategy and Recent Developments

            15.10.6. Key Financials

        15.11. PARMI Corp.

            15.11.1. Overview

            15.11.2. Product Portfolio

            15.11.3. Sales Footprint

            15.11.4. Key Subsidiaries or Distributors

            15.11.5. Strategy and Recent Developments

            15.11.6. Key Financials

        15.12. Test Research, Inc.

            15.12.1. Overview

            15.12.2. Product Portfolio

            15.12.3. Sales Footprint

            15.12.4. Key Subsidiaries or Distributors

            15.12.5. Strategy and Recent Developments

            15.12.6. Key Financials

        15.13. Yamaha Motor Co., Ltd.

            15.13.1. Overview

            15.13.2. Product Portfolio

            15.13.3. Sales Footprint

            15.13.4. Key Subsidiaries or Distributors

            15.13.5. Strategy and Recent Developments

            15.13.6. Key Financials

    16. Go to Market Strategy

        16.1. Identification of Potential Market Spaces

        16.2. Preferred Sales & Marketing Strategy

    List of Tables

    Table 1: Global Surface Mount Technology Equipment Market Value (US$ Mn) & Forecast, by Equipment Type, 2023‒2031

    Table 2: Global Surface Mount Technology Equipment Market Volume (Thousand Units) & Forecast, by Equipment Type, 2023‒2031

    Table 3: Global Surface Mount Technology Equipment Market Value (US$ Mn) & Forecast, by End-use Industry, 2023‒2031

    Table 4: Global Surface Mount Technology Equipment Market Value (US$ Mn) & Forecast, by Region, 2023‒2031

    Table 5: Global Surface Mount Technology Equipment Market Volume (Thousand Units) & Forecast, by Region, 2023‒2031

    Table 6: North America Surface Mount Technology Equipment Market Value (US$ Mn) & Forecast, by Equipment Type, 2023‒2031

    Table 7: North America Surface Mount Technology Equipment Market Volume (Thousand Units) & Forecast, by Equipment Type, 2023‒2031

    Table 8: North America Surface Mount Technology Equipment Market Value (US$ Mn) & Forecast, by End-use Industry, 2023‒2031

    Table 9: North America Surface Mount Technology Equipment Market Value (US$ Mn) & Forecast, by Country, 2023‒2031

    Table 10: North America Surface Mount Technology Equipment Market Volume (Thousand Units) & Forecast, by Country, 2023‒2031

    Table 11: Europe Surface Mount Technology Equipment Market Value (US$ Mn) & Forecast, by Equipment Type, 2023‒2031

    Table 12: Europe Surface Mount Technology Equipment Market Volume (Thousand Units) & Forecast, by Equipment Type, 2023‒2031

    Table 13: Europe Surface Mount Technology Equipment Market Value (US$ Mn) & Forecast, by End-use Industry, 2023‒2031

    Table 14: Europe Surface Mount Technology Equipment Market Value (US$ Mn) & Forecast, by Country and Sub-region, 2023‒2031

    Table 15: Europe Surface Mount Technology Equipment Market Volume (Thousand Units) & Forecast, by Country and Sub-region, 2023‒2031

    Table 16: Asia Pacific Surface Mount Technology Equipment Market Value (US$ Mn) & Forecast, by Equipment Type, 2023‒2031

    Table 17: Asia Pacific Surface Mount Technology Equipment Market Volume (Thousand Units) & Forecast, by Equipment Type, 2023‒2031

    Table 18: Asia Pacific Surface Mount Technology Equipment Market Value (US$ Mn) & Forecast, by End-use Industry, 2023‒2031

    Table 19: Asia Pacific Surface Mount Technology Equipment Market Value (US$ Mn) & Forecast, by Country and Sub-region, 2023‒2031

    Table 20: Asia Pacific Surface Mount Technology Equipment Market Volume (Thousand Units) & Forecast, by Country and Sub-region, 2023‒2031

    Table 21: Middle East & Africa Surface Mount Technology Equipment Market Value (US$ Mn) & Forecast, by Equipment Type, 2023‒2031

    Table 22: Middle East & Africa Surface Mount Technology Equipment Market Volume (Thousand Units) & Forecast, by Equipment Type, 2023‒2031

    Table 23: Middle East & Africa Surface Mount Technology Equipment Market Value (US$ Mn) & Forecast, by End-use Industry, 2023‒2031

    Table 24: Middle East & Africa Surface Mount Technology Equipment Market Value (US$ Mn) & Forecast, by Country and Sub-region, 2023‒2031

    Table 25: Middle East & Africa Surface Mount Technology Equipment Market Volume (Thousand Units) & Forecast, by Country and Sub-region, 2023‒2031

    Table 26: South America Surface Mount Technology Equipment Market Value (US$ Mn) & Forecast, by Equipment Type, 2023‒2031

    Table 27: South America Surface Mount Technology Equipment Market Volume (Thousand Units) & Forecast, by Equipment Type, 2023‒2031

    Table 28: South America Surface Mount Technology Equipment Market Value (US$ Mn) & Forecast, by End-use Industry, 2023‒2031

    Table 29: South America Surface Mount Technology Equipment Market Value (US$ Mn) & Forecast, by Country and Sub-region, 2023‒2031

    Table 30: South America Surface Mount Technology Equipment Market Volume (Thousand Units) & Forecast, by Country and Sub-region, 2023‒2031

    List of Figures

    Figure 01: Supply Chain Analysis - Global Surface Mount Technology Equipment Market

    Figure 02: Porter Five Forces Analysis – Global Surface Mount Technology Equipment Market

    Figure 03: Technology Road Map - Global Surface Mount Technology Equipment Market

    Figure 04: Global Surface Mount Technology Equipment Market, Value (US$ Mn), 2023-2031

    Figure 05: Global Surface Mount Technology Equipment Market Size & Forecast, Y-O-Y, Value (US$ Mn), 2023‒2031

    Figure 06: Global Surface Mount Technology Equipment Market Projections, by Equipment Type, Value (US$ Mn), 2023‒2031

    Figure 07: Global Surface Mount Technology Equipment Market, Incremental Opportunity, by Equipment Type, 2023‒2031

    Figure 08: Global Surface Mount Technology Equipment Market Share Analysis, by Equipment Type, 2023 and 2031

    Figure 09: Global Surface Mount Technology Equipment Market Projections, by End-use Industry, Value (US$ Mn), 2023‒2031

    Figure 10: Global Surface Mount Technology Equipment Market, Incremental Opportunity, by End-use Industry, 2023‒2031

    Figure 11: Global Surface Mount Technology Equipment Market Share Analysis, by End-use Industry, 2023 and 2031

    Figure 12: Global Surface Mount Technology Equipment Market Projections, by Region, Value (US$ Mn), 2023‒2031

    Figure 13: Global Surface Mount Technology Equipment Market, Incremental Opportunity, by Region, 2023‒2031

    Figure 14: Global Surface Mount Technology Equipment Market Share Analysis, by Region, 2023 and 2031

    Figure 15: North America Surface Mount Technology Equipment Market Size & Forecast, Value (US$ Mn), 2023‒2031

    Figure 16: North America Surface Mount Technology Equipment Market Size & Forecast, Y-O-Y, Value (US$ Mn), 2023‒2031

    Figure 17: North America Surface Mount Technology Equipment Market Projections, by Equipment Type Value (US$ Mn), 2023‒2031

    Figure 18: North America Surface Mount Technology Equipment Market, Incremental Opportunity, by Equipment Type, 2023‒2031

    Figure 19: North America Surface Mount Technology Equipment Market Share Analysis, by Equipment Type, 2023 and 2031

    Figure 20: North America Surface Mount Technology Equipment Market Projections, by End-use Industry (US$ Mn), 2023‒2031

    Figure 21: North America Surface Mount Technology Equipment Market, Incremental Opportunity, by End-use Industry, 2023‒2031

    Figure 22: North America Surface Mount Technology Equipment Market Share Analysis, by End-use Industry, 2023 and 2031

    Figure 23: North America Surface Mount Technology Equipment Market Projections, by Country, Value (US$ Mn), 2023‒2031

    Figure 24: North America Surface Mount Technology Equipment Market, Incremental Opportunity, by Country and Sub-region, 2023‒2031

    Figure 25: North America Surface Mount Technology Equipment Market Share Analysis, by Country, 2023 and 2031

    Figure 26: Europe Surface Mount Technology Equipment Market Size & Forecast, Value (US$ Mn), 2023‒2031

    Figure 27: Europe Surface Mount Technology Equipment Market Size & Forecast, Y-O-Y, Value (US$ Mn), 2023‒2031

    Figure 28: Europe Surface Mount Technology Equipment Market Projections, by Equipment Type Value (US$ Mn), 2023‒2031

    Figure 29: Europe Surface Mount Technology Equipment Market, Incremental Opportunity, by Equipment Type, 2023‒2031

    Figure 30: Europe Surface Mount Technology Equipment Market Share Analysis, by Equipment Type, 2023 and 2031

    Figure 31: Europe Surface Mount Technology Equipment Market Projections, by End-use Industry, Value (US$ Mn), 2023‒2031

    Figure 32: Europe Surface Mount Technology Equipment Market, Incremental Opportunity, by End-use Industry, 2023‒2031

    Figure 33: Europe Surface Mount Technology Equipment Market Share Analysis, by End-use Industry, 2023 and 2031

    Figure 34: Europe Surface Mount Technology Equipment Market Projections, by Country and Sub-region, Value (US$ Mn), 2023‒2031

    Figure 35: Europe Surface Mount Technology Equipment Market, Incremental Opportunity, by Country and Sub-region, 2023‒2031

    Figure 36: Europe Surface Mount Technology Equipment Market Share Analysis, by Country and Sub-region 2023 and 2031

    Figure 37: Asia Pacific Surface Mount Technology Equipment Market Size & Forecast, Value (US$ Mn), 2023‒2031

    Figure 38: Asia Pacific Surface Mount Technology Equipment Market Size & Forecast, Y-O-Y, Value (US$ Mn), 2023‒2031

    Figure 39: Asia Pacific Surface Mount Technology Equipment Market Projections, by Equipment Type Value (US$ Mn), 2023‒2031

    Figure 40: Asia Pacific Surface Mount Technology Equipment Market, Incremental Opportunity, by Equipment Type, 2023‒2031

    Figure 41: Asia Pacific Surface Mount Technology Equipment Market Share Analysis, by Equipment Type, 2023 and 2031

    Figure 42: Asia Pacific Surface Mount Technology Equipment Market Projections, by End-use Industry, Value (US$ Mn), 2023‒2031

    Figure 43: Asia Pacific Surface Mount Technology Equipment Market, Incremental Opportunity, by End-use Industry, 2023‒2031

    Figure 44: Asia Pacific Surface Mount Technology Equipment Market Share Analysis, by End-use Industry, 2023 and 2031

    Figure 45: Asia Pacific Surface Mount Technology Equipment Market Projections, by Country and Sub-region, Value (US$ Mn), 2023‒2031

    Figure 46: Asia Pacific Surface Mount Technology Equipment Market, Incremental Opportunity, by Country and Sub-region, 2023‒2031

    Figure 47: Asia Pacific Surface Mount Technology Equipment Market Share Analysis, by Country and Sub-region 2023 and 2031

    Figure 48: Middle East & Africa Surface Mount Technology Equipment Market Size & Forecast, Value (US$ Mn), 2023‒2031

    Figure 49: Middle East & Africa Surface Mount Technology Equipment Market Size & Forecast, Y-O-Y, Value (US$ Mn), 2023‒2031

    Figure 50: Middle East & Africa Surface Mount Technology Equipment Market Projections, by Equipment Type Value (US$ Mn), 2023‒2031

    Figure 51: Middle East & Africa Surface Mount Technology Equipment Market, Incremental Opportunity, by Equipment Type, 2023‒2031

    Figure 52: Middle East & Africa Surface Mount Technology Equipment Market Share Analysis, by Equipment Type, 2023 and 2031

    Figure 53: Middle East & Africa Surface Mount Technology Equipment Market Projections, by End-use Industry, Value (US$ Mn), 2023‒2031

    Figure 54: Middle East & Africa Surface Mount Technology Equipment Market, Incremental Opportunity, by End-use Industry, 2023‒2031

    Figure 55: Middle East & Africa Surface Mount Technology Equipment Market Share Analysis, by End-use Industry, 2023 and 2031

    Figure 56: Middle East & Africa Surface Mount Technology Equipment Market Projections, by Country and Sub-region, Value (US$ Mn), 2023‒2031

    Figure 57: Middle East & Africa Surface Mount Technology Equipment Market, Incremental Opportunity, by Country and Sub-region, 2023‒2031

    Figure 58: Middle East & Africa Surface Mount Technology Equipment Market Share Analysis, by Country and Sub-region 2023 and 2031

    Figure 59: South America Surface Mount Technology Equipment Market Size & Forecast, Value (US$ Mn), 2023‒2031

    Figure 60: South America Surface Mount Technology Equipment Market Size & Forecast, Y-O-Y, Value (US$ Mn), 2023‒2031

    Figure 61: South America Surface Mount Technology Equipment Market Projections, by Equipment Type Value (US$ Mn), 2023‒2031

    Figure 62: South America Surface Mount Technology Equipment Market, Incremental Opportunity, by Equipment Type, 2023‒2031

    Figure 63: South America Surface Mount Technology Equipment Market Share Analysis, by Equipment Type, 2023 and 2031

    Figure 64: South America Surface Mount Technology Equipment Market Projections, by End-use Industry, Value (US$ Mn), 2023‒2031

    Figure 65: South America Surface Mount Technology Equipment Market, Incremental Opportunity, by End-use Industry, 2023‒2031

    Figure 66: South America Surface Mount Technology Equipment Market Share Analysis, by End-use Industry, 2023 and 2031

    Figure 67: South America Surface Mount Technology Equipment Market Projections, by Country and Sub-region, Value (US$ Mn), 2023‒2031

    Figure 68: South America Surface Mount Technology Equipment Market, Incremental Opportunity, by Country and Sub-region, 2023‒2031

    Figure 69: South America Surface Mount Technology Equipment Market Share Analysis, by Country and Sub-region 2023 and 2031

    Figure 70: Global Surface Mount Technology Equipment Market Competition

    Figure 71: Global Surface Mount Technology Equipment Market Company Share Analysis

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