Market Overview:
The global surface mount technology market is expected to grow at a CAGR of 6.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for miniaturized and high-density electronic devices, rising demand for advanced semiconductor packaging and mounting technologies, and growing adoption of automated surface mount technology solutions. In terms of type, the inspection equipment segment is expected to lead the global surface mount technology market during the forecast period. This can be attributed to the increasing demand for automated inspection systems in electronics manufacturing industries owing to stringent quality control norms. The placement equipment segment is projected to grow at a highest CAGR during the forecast period owing to its growing adoption in advanced semiconductor packaging applications.
Product Definition:
Surface Mount Technology is the process of soldering electronic components to a surface. This can be done through manual or machine assembly. Surface mount technology allows for smaller, more compact circuits and has become increasingly popular in recent years due to its low profile and high density.
Inspection Equipment:
Inspection equipment is used to inspect the surface of wafers during the manufacturing process. It plays a very important role in improving production efficiency and quality by providing critical dimensional data for every component on the wafer. The inspection system includes optical microscopes, scanning electron microscopes (SEMs), digital imaging systems, and other advanced systems such as x-ray diffraction systems etc.
Placement Equipment:
Placement equipment is used in SMT technology to place the components on the wafer during various stages of manufacturing. The major functions performed by placement equipment include wafer handling, mounting, and aligning. Various types of technologies that use placement equipment include Surface Mount Technology (SMT), Small Outline Package (SOP), Ball Grid Array (BGA) among others.
Application Insights:
Consumer electronics segment is expected to emerge as the fastest-growing application segment over the forecast period. This can be attributed to increasing use of surface mount technology in consumer electronics, such as smartphones and wearable devices. Furthermore, rapid growth of this industry is directly related to technological advancements and new product launches which are based on SMT technology.
The telecommunication application segment was valued at USD 1,227.1 million in 2017 owing to extensive usage of SSTL for assembling & testing equipment used by telecom companies for providing better services to their customers worldwide. The aerospace & defense sector accounted for a significant market share due largely to growing military expenditure across various countries globally including China, India and U.S., which has resulted in increased demand surface mount equipment within this sector over the past few years since 2015-16 (USD 2 billion).
Regional Analysis:
The Asia Pacific surface mount technology market is expected to grow at a lucrative rate over the forecast period. The growth can be attributed to the increasing demand for consumer electronics and telecommunication equipment in countries such as China, India, Japan, South Korea and Taiwan. Furthermore, rising investments by governments in these countries are also anticipated to drive the industry growth over the next eight years.
North America is projected to witness steady growth during the forecast period owing to its well-established manufacturing sector across various industries including automotive; aerospace & defense; medical devices; semiconductors & electronics; etc.
Growth Factors:
- Increasing demand for miniaturization in electronic devices
- Proliferation of smart devices and the Internet of Things (IoT)
- Rising demand from automotive and aerospace industries
- Growing popularity of 3D printing technology
- Emergence of new applications
Scope Of The Report
Report Attributes
Report Details
Report Title
Surface Mount Technology Market Research Report
By Type
Inspection Equipment, Placement Equipment, Soldering Equipment, Screen Printing Equipment, Cleaning Equipment, Rework and Repair Equipment
By Application
Consumer Electronics, Telecommunication, Aerospace & Defense, Automotive, Medical, Industrial, Energy & Power Systems
By Companies
Fuji Machine Manufacturing, Hitachi High-Technologies, Mycronic, Nordson, Orbotech, Cyberoptics, Electro Scientific Industries, Juki, Viscom, ASM Assembly Systems
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
184
Number of Tables & Figures
129
Customization Available
Yes, the report can be customized as per your need.
Global Surface Mount Technology Market Report Segments:
The global Surface Mount Technology market is segmented on the basis of:
Types
Inspection Equipment, Placement Equipment, Soldering Equipment, Screen Printing Equipment, Cleaning Equipment, Rework and Repair Equipment
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Consumer Electronics, Telecommunication, Aerospace & Defense, Automotive, Medical, Industrial, Energy & Power Systems
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Fuji Machine Manufacturing
- Hitachi High-Technologies
- Mycronic
- Nordson
- Orbotech
- Cyberoptics
- Electro Scientific Industries
- Juki
- Viscom
- ASM Assembly Systems
Highlights of The Surface Mount Technology Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Inspection Equipment
- Placement Equipment
- Soldering Equipment
- Screen Printing Equipment
- Cleaning Equipment
- Rework and Repair Equipment
- By Application:
- Consumer Electronics
- Telecommunication
- Aerospace & Defense
- Automotive
- Medical
- Industrial
- Energy & Power Systems
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Surface Mount Technology Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Surface mount technology is a manufacturing process that uses small, thin pieces of metal to build electronic devices. The metal is attached to a substrate, or base, using a solder joint. This allows for quick and easy assembly of the device.
Some of the key players operating in the surface mount technology market are Fuji Machine Manufacturing, Hitachi High-Technologies, Mycronic, Nordson, Orbotech, Cyberoptics, Electro Scientific Industries, Juki, Viscom, ASM Assembly Systems.
The surface mount technology market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Surface Mount Technology Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Surface Mount Technology Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Surface Mount Technology Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Surface Mount Technology Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Surface Mount Technology Market Size & Forecast, 2020-2028
4.5.1 Surface Mount Technology Market Size and Y-o-Y Growth
4.5.2 Surface Mount Technology Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Inspection Equipment
5.2.2 Placement Equipment
5.2.3 Soldering Equipment
5.2.4 Screen Printing Equipment
5.2.5 Cleaning Equipment
5.2.6 Rework and Repair Equipment
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Consumer Electronics
6.2.2 Telecommunication
6.2.3 Aerospace & Defense
6.2.4 Automotive
6.2.5 Medical
6.2.6 Industrial
6.2.7 Energy & Power Systems
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Surface Mount Technology Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Surface Mount Technology Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Inspection Equipment
9.6.2 Placement Equipment
9.6.3 Soldering Equipment
9.6.4 Screen Printing Equipment
9.6.5 Cleaning Equipment
9.6.6 Rework and Repair Equipment
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Consumer Electronics
9.10.2 Telecommunication
9.10.3 Aerospace & Defense
9.10.4 Automotive
9.10.5 Medical
9.10.6 Industrial
9.10.7 Energy & Power Systems
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Inspection Equipment
10.6.2 Placement Equipment
10.6.3 Soldering Equipment
10.6.4 Screen Printing Equipment
10.6.5 Cleaning Equipment
10.6.6 Rework and Repair Equipment
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Consumer Electronics
10.10.2 Telecommunication
10.10.3 Aerospace & Defense
10.10.4 Automotive
10.10.5 Medical
10.10.6 Industrial
10.10.7 Energy & Power Systems
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Inspection Equipment
11.6.2 Placement Equipment
11.6.3 Soldering Equipment
11.6.4 Screen Printing Equipment
11.6.5 Cleaning Equipment
11.6.6 Rework and Repair Equipment
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Consumer Electronics
11.10.2 Telecommunication
11.10.3 Aerospace & Defense
11.10.4 Automotive
11.10.5 Medical
11.10.6 Industrial
11.10.7 Energy & Power Systems
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Inspection Equipment
12.6.2 Placement Equipment
12.6.3 Soldering Equipment
12.6.4 Screen Printing Equipment
12.6.5 Cleaning Equipment
12.6.6 Rework and Repair Equipment
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Consumer Electronics
12.10.2 Telecommunication
12.10.3 Aerospace & Defense
12.10.4 Automotive
12.10.5 Medical
12.10.6 Industrial
12.10.7 Energy & Power Systems
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Inspection Equipment
13.6.2 Placement Equipment
13.6.3 Soldering Equipment
13.6.4 Screen Printing Equipment
13.6.5 Cleaning Equipment
13.6.6 Rework and Repair Equipment
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Consumer Electronics
13.10.2 Telecommunication
13.10.3 Aerospace & Defense
13.10.4 Automotive
13.10.5 Medical
13.10.6 Industrial
13.10.7 Energy & Power Systems
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Surface Mount Technology Market: Competitive Dashboard
14.2 Global Surface Mount Technology Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Fuji Machine Manufacturing
14.3.2 Hitachi High-Technologies
14.3.3 Mycronic
14.3.4 Nordson
14.3.5 Orbotech
14.3.6 Cyberoptics
14.3.7 Electro Scientific Industries
14.3.8 Juki
14.3.9 Viscom
14.3.10 ASM Assembly Systems
