Market Overview:
The global surface mounting device (SMD) market is expected to grow at a CAGR of 6.5% from 2018 to 2030. The growth in the SMD market can be attributed to the increasing demand for miniaturization and higher density in electronic devices, rising demand for advanced packaging solutions, and growing trend of 3D integration. In terms of type, the surface mount technology (SMT) segment is expected to account for the majority share of the SMD market during the forecast period. This can be attributed to factors such as miniaturization and higher density requirements in electronic devices, advancements in SMT technology, and growing demand for advanced packaging solutions.
Product Definition:
A surface-mount device (SMD) is a component that is mounted on the surface of a printed circuit board (PCB). An SMD is usually smaller than its through-hole counterpart because the leads are soldered directly to the PCB.
1. Smaller size - SMDs are much smaller than their through-hole counterparts, allowing more components to be packed into a given area. This also makes them easier to handle and reduces manufacturing costs.
2. Faster assembly - Because there is no need for manual insertion of leads into holes, SMD assembly can be done much faster than traditional through-hole assembly.
3. Improved reliability - Soldering an SMD component to a PCB creates a stronger connection than inserting leads into holes, making it less likely that the component will fail due to mechanical stress.
Surface Mount Technology:
Surface Mount Technology (SMT) is a type of integrated circuit packaging in which the components are laid on a flat surface and soldered to each other in order to make them inseparable. The technology was developed for high-volume production, where space is an issue. SMT has been used since the early 1970s but its application has increased over time due to technological advancements and miniaturization of components that can be integrated onto one chip.
Other:
Other is the generic name for all kinds of components that are used in surface mounting devices. It includes pads, lands, package leads, and many more. Other components are not mandatory but they help in improving the electrical performance of device mounted on it.
The other category is divided into three types: land grid array (LA), package lead with pad (PLP), and package lead without pad (PLW).
Application Insights:
The printed circuit boards (PCBs) application segment accounted for the largest revenue share of over 40% in 2017. This is attributed to the growing demand for PCBs in various end-use industries including telecommunication, automotive and medical. The other applications include semiconductors, electronics and electrical equipment among others.
The global surface mounting device market has witnessed significant growth owing to its ability to offer high precision while assembling electronic components on a printed circuit board thereby resulting in improved performance of the complete system or component. In addition, SMDs have smaller footprints as compared with through-hole mountings which further reduces PCB space requirements thereby enabling higher component density on a PCB thus providing better efficiency than before.
Regional Analysis:
Asia Pacific surface mounting device market is expected to grow at a lucrative rate over the forecast period. The growth can be attributed to increasing demand for electronic products in countries such as China and India. In addition, rising disposable income coupled with the presence of a large consumer base will drive the regional market further.
The North American region is anticipated to witness steady growth over the forecast period owing to high production levels of printed circuit boards (PCBs). Moreover, growing investments in research & development activities are also likely to support industry expansion.
The European region dominated global SMD sales volume with Germany being one of its major contributors along with U.K.
Growth Factors:
- Increasing demand for miniaturization in electronic devices: The Surface Mounting Device (SMD) market is driven by the increasing demand for miniaturization in electronic devices. SMDs are smaller and lighter than through-hole components, and thus offer a more compact solution that helps reduce the size of electronic devices.
- Rising demand for high-reliability components: SMDs are known for their high reliability, which makes them ideal for use in critical applications where failure is not an option. This has led to an increase in their adoption in a variety of industries, including automotive, aerospace & defense, and medical electronics.
- Advances in manufacturing technology: The continued advancement of manufacturing technologies has helped drive down the cost of producing SMDs while also improving their quality and reliability. This has made them more competitive against traditional through-hole components and helped fuel their growth over the past few years.
- Growing popularity of surface mount assembly: Surface mount assembly is becoming increasingly popular due to its speed, accuracy, and low cost relative to other assembly methods such as manual soldering or reflow soldering ovens . As a result, the market for surface mount assemblies is expected to grow at a healthy rate over the next few years .
Scope Of The Report
Report Attributes
Report Details
Report Title
Surface Mounting Device (SMD) Market Research Report
By Type
Surface Mount Technology, Other
By Application
Printed Circuit Boards (PCBs), Semiconductors, Electrics, Packaging, Other
By Companies
Eurocircuits, Maxim Integrated, STMicroelectronics, ROYAL OHM, Borison Automation Limited, ULIKE, Littelfuse, Fujikura, Mini Circuits
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
242
Number of Tables & Figures
170
Customization Available
Yes, the report can be customized as per your need.
Global Surface Mounting Device (SMD) Market Report Segments:
The global Surface Mounting Device (SMD) market is segmented on the basis of:
Types
Surface Mount Technology, Other
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
Printed Circuit Boards (PCBs), Semiconductors, Electrics, Packaging, Other
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:
- Eurocircuits
- Maxim Integrated
- STMicroelectronics
- ROYAL OHM
- Borison Automation Limited
- ULIKE
- Littelfuse
- Fujikura
- Mini Circuits
Highlights of The Surface Mounting Device (SMD) 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:
- Surface Mount Technology
- Other
- By Application:
- Printed Circuit Boards (PCBs)
- Semiconductors
- Electrics
- Packaging
- Other
- 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 Mounting Device (SMD) 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.
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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 Mounting Device (SMD) is a type of electronic component that is mounted on a printed circuit board using through-hole technology. SMDs are typically smaller and more densely packed than traditional components, making them ideal for high-volume manufacturing.
Some of the major players in the surface mounting device (smd) market are Eurocircuits, Maxim Integrated, STMicroelectronics, ROYAL OHM, Borison Automation Limited, ULIKE, Littelfuse, Fujikura, Mini Circuits.
The surface mounting device (smd) market is expected to register a CAGR of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Surface Mounting Device (SMD) Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Surface Mounting Device (SMD) Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Surface Mounting Device (SMD) Market - Supply Chain
4.5. Global Surface Mounting Device (SMD) Market Forecast
4.5.1. Surface Mounting Device (SMD) Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Surface Mounting Device (SMD) Market Size (000 Units) and Y-o-Y Growth
4.5.3. Surface Mounting Device (SMD) Market Absolute $ Opportunity
5. Global Surface Mounting Device (SMD) Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Surface Mounting Device (SMD) Market Size and Volume Forecast by Type
5.3.1. Surface Mount Technology
5.3.2. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Surface Mounting Device (SMD) Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Surface Mounting Device (SMD) Market Size and Volume Forecast by Application
6.3.1. Printed Circuit Boards (PCBs)
6.3.2. Semiconductors
6.3.3. Electrics
6.3.4. Packaging
6.3.5. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Surface Mounting Device (SMD) Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Surface Mounting Device (SMD) Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Surface Mounting Device (SMD) Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Surface Mounting Device (SMD) Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Surface Mounting Device (SMD) Demand Share Forecast, 2019-2026
9. North America Surface Mounting Device (SMD) Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Surface Mounting Device (SMD) Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Surface Mounting Device (SMD) Market Size and Volume Forecast by Application
9.4.1. Printed Circuit Boards (PCBs)
9.4.2. Semiconductors
9.4.3. Electrics
9.4.4. Packaging
9.4.5. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Surface Mounting Device (SMD) Market Size and Volume Forecast by Type
9.7.1. Surface Mount Technology
9.7.2. Other
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Surface Mounting Device (SMD) Demand Share Forecast, 2019-2026
10. Latin America Surface Mounting Device (SMD) Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Surface Mounting Device (SMD) Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Surface Mounting Device (SMD) Market Size and Volume Forecast by Application
10.4.1. Printed Circuit Boards (PCBs)
10.4.2. Semiconductors
10.4.3. Electrics
10.4.4. Packaging
10.4.5. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Surface Mounting Device (SMD) Market Size and Volume Forecast by Type
10.7.1. Surface Mount Technology
10.7.2. Other
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Surface Mounting Device (SMD) Demand Share Forecast, 2019-2026
11. Europe Surface Mounting Device (SMD) Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Surface Mounting Device (SMD) Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Surface Mounting Device (SMD) Market Size and Volume Forecast by Application
11.4.1. Printed Circuit Boards (PCBs)
11.4.2. Semiconductors
11.4.3. Electrics
11.4.4. Packaging
11.4.5. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Surface Mounting Device (SMD) Market Size and Volume Forecast by Type
11.7.1. Surface Mount Technlogy
11.7.2. Other
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Surface Mounting Device (SMD) Demand Share, 2019-2026
12. Asia Pacific Surface Mounting Device (SMD) Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Surface Mounting Device (SMD) Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Surface Mounting Device (SMD) Market Size and Volume Forecast by Application
12.4.1. Printed Circuit Boards (PCBs)
12.4.2. Semiconductors
12.4.3. Electrics
12.4.4. Packaging
12.4.5. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Surface Mounting Device (SMD) Market Size and Volume Forecast by Type
12.7.1. Surface Mount Technology
12.7.2. Other
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Surface Mounting Device (SMD) Demand Share, 2019-2026
13. Middle East & Africa Surface Mounting Device (SMD) Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Surface Mounting Device (SMD) Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Surface Mounting Device (SMD) Market Size and Volume Forecast by Application
13.4.1. Printed Circuit Boards (PCBs)
13.4.2. Semiconductors
13.4.3. Electrics
13.4.4. Packaging
13.4.5. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Surface Mounting Device (SMD) Market Size and Volume Forecast by Type
13.7.1. Surface Mount Technology
13.7.2. Other
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Surface Mounting Device (SMD) Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Surface Mounting Device (SMD) Market: Market Share Analysis
14.2. Surface Mounting Device (SMD) Distributors and Customers
14.3. Surface Mounting Device (SMD) Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Eurocircuits
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Maxim Integrated
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. STMicroelectronics
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. ROYAL OHM
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Borison Automation Limited
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. ULIKE
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Littelfuse
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Fujikura
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Mini Circuits
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook