Surface Mount Technology (SMT) Equipment Market

Global Surface Mount Technology (SMT) Equipment Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2021-2027, Growing demand for miniaturized consumer electronics, rising adoption of electric vehicles, and increasing demand for mobile communication devices are some of the major factors driving the growth of Global Surface Mount Technology (SMT) Equipment Market

Global Surface Mount Technology (SMT) Equipment Market is valued at USD 3124.5 Million in 2020 and is expected to reach USD 4667.2 Million by 2027 with a CAGR of 5.9% over the forecast period.

Scope of Global Surface Mount Technology (SMT) Equipment Market Report

Surface mount technology (SMT) is a method through which electronic circuit is delivered. In this technology, parts of electronic circuits are set straightforwardly onto the outer layer of printed circuit boards (PCBs). An electronic device made with surface mount technology is called as surface mount gadget. In present time, all mass created electronics equipments are made by using surface mount technology. In industry, this methodology has to a great extent supplanted the through- hole technology development technique for fitting parts, in huge part because SMT takes into consideration expanded manufacturing automation which decreases cost and works on quality. It likewise considers more parts to fit on a given space of substrate.

The two advancements can be utilized on a similar board, with the through- hole technology frequently utilized for parts not appropriate for surface mounting, for example, enormous transformers and heat-sinked power semiconductors. An SMT component is generally more modest than its through-hole partner since it has either more smaller leads or no leads at all. It might have short pins or leads of different styles, a grid of solder balls (BGAs), flat contacts, or terminations on the body of the component. Surface-mount technology was invented during the 1960s. The design approach previously showed by IBM in 1960 in a limited scale computer was subsequently applied in the Launch Vehicle Digital Computer utilized in the Instrument Unit that directed all Saturn IB and Saturn V vehicles.

The COVID-19 pandemic has also impacted the growth of global surface mount technology (SMT) equipment market. The COVID-19 emergency has prompted increased adoption of SMT lines with smart machines. Programming and semiconductor organizations have united to battle the COVID-19 outbreak. During COVID-19 pandemic, remote assembling of clinical devices, ventilators, and other critical hardware is a quickly developing phenomenon in the SMT equipment market. Manufacturers dealing with SMT lines are inclining toward software advancements to get experiences from worldwide KPI (Key Performance Indicators) dashboards. Next-generation advancements in PCB assemblies for present day clinical devices like infusion liquid control devices, pressure monitors, and CT (Computed Tomography) checking gadgets are making stable income streams for manufacturers and providers.

Global surface mount technology (SMT) equipment market is segmented on the basis of component, equipment type, application and region & country level. Based upon component, the market is classified into passive surface-mount devices, transistors & diodes and integrated circuits. Based upon equipment type, the surface mount technology (SMT) equipment market is classified into placement equipment, inspection equipment, soldering equipment, screen printing equipment, cleaning equipment and others. Based on application, the global surface mount technology (SMT) equipment market is divided into telecommunication, consumer electronics, aerospace & defense, medical, automotive, industrial and energy & power system.

SMT Equipment Manufacturers :

Some major key players for global SMT equipment market report cover prominent players like ASM Assembly Systems GmbH & Co. KG, Fuji Corporation, Heller Industries, Inc., Koh Young Technology, Inc., CyberOptics Corporation, Mycronic AB, Universal Instruments Corporation, Orbotech, Ltd., Illinois Tool Works, Inc., Kulicke & Soffa Pte Ltd., Electro Scientific Industries, Inc. and others.

Global Surface Mount Technology Equipment Market Segmentation:

By Component:

• Passive Surface-Mount Devices
• Transistors & Diodes
• Integrated Circuits

By Equipment Type:

• Placement Equipment
• Inspection Equipment
• Soldering Equipment
• Screen Printing Equipment
• Cleaning Equipment
• Others

By Application:

• Telecommunication
• Consumer Electronics
• Aerospace & Defense
• Medical
• Automotive
• Industrial
• Energy & Power System

The regions covered in global surface mount technology (SMT) equipment market report are North America, Europe, Asia-Pacific, Latin America and Rest of the World. On the basis of country level, the market of global surface mount technology (SMT) equipment is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, India, Japan, South East Asia, Middle East Asia (Saudi Arabia, UAE, Egypt) GCC, Africa, etc.

News : Bright Machines Welcomes SMT Capital as a Manufacturers’ Representative

On April 21^st, 2021; Bright Machines announced another partnership with SMT Capital. Bright Machines Microfactories join intelligent software with versatile equipment to automate repetitive assembly and inspection assignments, an ideal supplement to the determination of electronic assembly hardware that SMT Capital. A main solution supplier in capital equipment serving the printed circuit board get together market across Ohio, offers producers. It raises the speed, flexibility, and adaptability of assembling through automation solutions that empower producers more dynamic, more resilient, and more versatile.

Growing Demand for Miniaturized Consumer Electronics, Growing Adoption of Electric Vehicles and Rising Demand for Mobile Communication Devices are Some of the Major Factors Driving the Market Growth

One of the major factors driving the growth of global SMT Equipment equipment market is the growing demand for miniaturized consumer electronics. The increasing requirement for miniaturized products has prompted the improvement of smaller electrical parts which possess fewer regions. This is just conceivable when the equipment parts of the gadgets, like PCB, are little in measure and can run as expected while coordinating various parts. The surface mount technology helps in utilizing and assembling a lot smaller parts, in this manner working with a smaller, convenient, and lightweight electronic gadget.

The requirement for smaller and thinner consumer electronics devices can be met by the utilization of the surface mount technology. Utilizing the SMT technique, the two layers of the PCBs can be utilized for collecting and the last PCB area for similar circuits can be reduced by half. The decrease in the size of electronic parts empowers high packaging thickness. Thus, the size of the circuit with miniaturized electronic parts can be decreased by 30% compared with the traditional.

In addition, growing adoption of electric vehicles is also supplementing the market growth. The significant benefit of SMT in assembling incorporates decreased board cost, diminished material handling costs, and a controlled manufacturing measure. Routing of traces is diminished, the size of the board is decreased, and numbers of penetrated openings are likewise decreased. Hence, demand of SMT equipment is increasing in electric vehicles. For instance; in February 2021, the Delhi government started the interaction to set up 100 vehicle battery charging focuses across the state to push reception of electric vehicles.

Furthermore, rising demand for mobile communication devices also drives the global SMT equipment market. For instance; according to the Indian Brand Equity Foundation (IBQF); there were 4.29 billion dynamic mobile internet clients in 2020, and over 90% of the worldwide web populace utilized a cell phone to access the internet. The tablet users were arrived at 1.26 billion globally, in 2020.

However, need for thermal management and high frequency may hamper the global surface mount technology (SMT) equipment market growth. In spite of that, increasing demand for LED lighting can provide various opportunities for the further growth of the global surface mount technology (SMT) equipment market.

Asia Pacific is Anticipated to Show a Fastest Growth in the Global Surface Mount Technology (SMT) Equipment Market

Asia Pacific is anticipated to grow at a faster pace in global surface mount technology (SMT) equipment market due to the increasing technological advancements, growing use of digital devices like smartphones and presence of key companies in this region. For example; in April 2018, Yamaha dispatched SMT machine called Z: LEX YSM20R. The machine offers wide scope of production formats and mounting speed of 95,000 chips each hour (CPH). Furthermore, the machine is fit for mounting electronic parts up to 12*12 mm in size to further develop productivity. For example; in October 2016, Hitachi High-Technologies Corporation dispatched the CD-SEM CV5000 series. This framework is fitted with electron gun and identification system which has high speeding up voltage and the capacity to measure and audit designs in deep holes and trenches.

North America is expected to witness significant growth in the global SMT equipment market within the forecast period due to the rising technological advancement and presence of key players. For example; in August 2016, Electro Scientific Industries (ESI) dispatched two new preparing systems; in particular, Redstone and Lodestone flex processing system for conveying flexible printed circuit (FPC) arrangements. This expanded the item portfolio of laser-based PCB producing arrangements with minimal expense for integrated circuit (IC) packaging.

North America

• U.S.
• Canada

Europe

• U.K.
• France
• Germany
• Italy

Asia Pacific

• China
• Japan
• India
• Southeast Asia

Latin America

• Brazil
• Mexico

The Middle East and Africa

• GCC
• Africa
• Rest of the Middle East and Africa

North America

• U.S.
• Canada

Europe

• U.K.
• France
• Germany
• Italy

Asia Pacific

• China
• Japan
• India
• Southeast Asia

Latin America

• Brazil
• Mexico

The Middle East and Africa

• GCC
• Africa
• Rest of the Middle East and Africa

Key Benefits of Global SMT Equipment Market Report–

• Global SMT Equipment report covers in-depth historical and forecast analysis.
• Global SMT Equipment research report provides detailed information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market Opportunities, SMT Equipment Manufacturers, Competitive Analysis, Regional and Country levels.
• Global SMT Equipment report helps to identify opportunities in the marketplace.
• Global SMT Equipment report covers extensive analysis of emerging SMT Industry trends and competitive landscape.

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