Surface Mount Technology Market (Type - Inspection Equipment, Screen Printing Equipment, Cleaning Equipment, Placement Equipment, and Rework and Repair Equipment; Application - Telecommunication, Consumer Electronics, Automotive, Aerospace and Defence, and Healthcare): Global Industry Analysis, Trends, Size, Share and Forecasts to 2030

A recent report published by Infinium Global Research on surface mount technology market provides in-depth analysis of segments and sub-segments in the global as well as regional surface mount technology market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional surface mount technology market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global surface mount technology market.

Market Insight:

The global surface mount technology market was valued at USD 4,380.93 million in 2022 and is expected to reach USD 8,264.31 million in 2030, with a CAGR of 7.34% during the forecast period 2023-2030.

Surface-mount Technology (SMT) refers to a technique of assembling components on Printed Circuit Boards (PCBs) wherein the components are attached to the surface by the use of solder-reflow procedures. This particular market has been steadily developing due to the growing demand for smaller and lighter electronic gadgets across numerous industries. SMT gives several benefits over the traditional through-hole insertion procedure, which include better packaging densities, advanced reliability, and relatively low cost. It has ended up the preferred process for low-cost, high-manufacturing purchaser electronic assemblies. Automated assembly machines play a vital position in SMT production, permitting industries to transition from via-hole era to floor mount generation and enjoy benefits along with more advantageous mechanical performance, reliability, price-effectiveness, and faster automatic assembly.

The market for Surface-mount Technology (SMT) is driven by using several factors. One such factor is the excessive call for small and slender electronic components from consumers. SMT enables the development of compact and skinny devices, making it a positive preference. Additionally, SMT gives faster and more computerized element placement in comparison to traditional through-hollow technology, ensuing in advanced production performance and reduced manufacturing time. However, the cost of SMT machines is a tremendous restraint in the market as they tend to be higher compared to conventional through-hole technology. Despite this, the increasing use of smart devices presents an opportunity for the marketplace. Products like smartwatches, smartphones, and laptops are being adopted by consumers at a gradual pace, creating a growing market for SMT technology.

The market is segmented into North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific dominates the region segment throughout the forecast period. The fast growth of the Surface-mount Technology (SMT) marketplace is being driven by means of the growing call for 4G/5G networks and the improvement of wi-fi communication in numerous areas. China and Japan are the distinguished manufacturing hubs for SMT in the Asia Pacific region. The presence of numerous PCB production centres, coupled with growing urbanization, industrialization, and sizable investments in innovative and green technologies, has contributed to the region’s dominance in the market. Similarly, in North America, the market for SMT is developing because of growing urbanization, industrialization, and sizeable investments in modern and efficient technologies. Manufacturers of smartphones, smartwatches, laptops, and scientific gadgets are increasingly adopting SMT for the production of those gadgets, in addition fuelling the marketplace's growth.

Report Scope of the Surface Mount Technology Market:

Segment Covered

The report on global surface mount technology market covers segments such as type, and application. On the basis of type, the sub-markets include inspection equipment, screen printing equipment, cleaning equipment, placement equipment, and rework and repair equipment. On the basis of application, the sub-markets include telecommunication, consumer electronics, automotive, aerospace and defence, and healthcare.

Companies Profiled:

The report provides profiles of the companies in the market such as FUJI MACHINERY CO.,LTD, Yamaha Motor Co., Ltd., Panasonic Corporation, Mycronic, CyberOptics, Hitachi High-Tech Corporation, JUKI CORPORATION, Nordson Corporation, Hanwha Group, and Universal Instruments Corporation.

Report Highlights:

The report provides deep insights into demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the surface mount technology market. Moreover, the study highlights current market trends and provides forecasts from 2023-2030. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.