SMT Equipment Market Share, Size and Forecast Report, 2022 to 2030

SMT Equipment Market Overview

The report is titled as ‘SMT Equipment Market: Opportunity Analysis and Future Assessment 2022-2030’. An overview of conceptual frameworks, analytical approaches of the SMT Equipment market is the main objective of the report, which further consists the market opportunity and insights of the data involved in the making of the respective market.

The SMT equipment market is estimated to reach at a value of US$ 6,219.8 Mn by the end of 2022 and expected to reach at a value of US$ 9,025.3 Mn by 2030 with a significant CAGR of 4.8%.

SMT Equipment Introduction

Surface-mount technology (SMT) can be understood as a technique for manufacturing electronic circuits in which the constituents are installed or positioned forthwith onto the exterior of printed circuit boards (PCBs). An electronic device developed with surface-mount technology is known as a surface-mount device (SMD). In the industry, the surface-mount technology has extensively substituted the through-hole technology construction approach of fitting elements with conducting leads into holes in the circuit board. Notably, both the technologies can be employed on the same board, however, the through-hole technology used for elements is not considered adequate for surface mounting such as heat-sinked power semiconductors and large transformers.

An SMT constituent is generally smaller in comparison to its through-hole equivalent as it has either smaller leads or no leads at all. It is likely to have short leads or pins of different styles, flat contacts, an array of solder balls (BGAs), or terminals on the body of the element. One of the major factors that is primarily driving the demand of surface-mount technology (SMT) across the markets is the ramped-up demand for miniaturized consumer electronics products along with the increased manufacturing of ventilators, medical devices, and other critical equipment all across the world. Attributing to which, the global SMT equipment market is projected to rise significantly over the years.

SMT Equipment Market Segmentation

The global SMT Equipment market is segmented on the basis of equipment, application, and region.

By Equipment

SMT Placement Equipment

Low-Speed Placement

Medium-Speed Placement

High-Speed Placement

SMT Inspection Equipment

Automated Optical Inspection

X-Ray Inspection

Solder Paste Inspection

SMT Soldering Equipment

Reflow Soldering

Wave Soldering

Selective Soldering

SMT Screen Printer Equipment

Manual Screen Printing

Semi-Automatic Screen Printing

Fully Automatic Screen Printing

SMT Dispenser Equipment

In-Line Dispenser

Off-Line Dispenser

Cleaning Equipment

Repair Equipment

Rework Equipment

By Application

Consumer Electronics

Telecommunication

Automotive

Aerospace and Defense

Medical

Industrial

Energy

Power Systems

By Region

North America

Latin America

Europe

Asia Pacific

Middle East

Africa

SMT Equipment Market Key Players

Some of the key participating players in global SMT Equipment market are:

FUJI CORPORATION

Hitachi, Ltd.

Mycronic Nordson Corporation

Panasonic Corporation

JUTZE Intelligence Technology Co.,Ltd.

CyberOptics

Electro Scientific Industries, Inc.

JUKI CORPORATION

Viscom AG

ASM Assembly Systems GmbH & Co. KG

ASML Holding

Hangzhou Neoden Technology Co.,Ltd

KLA Corporation

KOH YOUNG TECHNOLOGY Inc.

MIRTEC CO., LTD.

OMRON Corporation

PARMI

Test Research, Inc.

Yamaha Motor Co., Ltd.

GLENBROOK TECHNOLOGIES

Heller Industries, Inc.

Illinois Tool Works Inc.

Naprotek, Inc, LLC

SAKI CORPORATION

Nikon Metrology NV

Teradyne Inc.

Universal Instruments Corporation

YXLON International

Factors that are benchmarked while estimating the market

Various factors that are benchmarked while estimating the market growth includes (but not restricted to):

New product developments and launches

Electronics & Semiconductor Industry Outlook

Top Companies Historical Growth Rate

Pricing Impact

Impact of Regulations

Growth in investment in Technology Advancement

Actions taken by the manufacturer and respective regulatory authorities also impact the market growth of the segment. These factors are understood at regional level and in major countries globally for providing regional insights of the product segment in the report. This helps our clients to take informed decision.

A mix of top-down and bottom-up approach is followed to arrive and validate our market value estimations. For a product segment like wherein one/two manufacturer(s) dominates the market, it’s product sales, previous growth rates and market expansion plans are considered to generate market share in the market.

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