New York, NY -- (SBWIRE) -- 07/31/2017 -- Surface Mount Technology Market:
Surface Mount Technology (SMT) market is projected to expand at a CAGR of 6.83% to reach a total market size of US$5.244 billion by 2022, from US$3.768 billion in 2017. The technology is increasingly being adopted on account of advantages such as reduced manufacturing cost, higher component density and simpler and faster automation. Growing global electronics industry and increasing usage of flexible materials on PCBs are some of the key factors driving the surface mount technology market growth. Miniaturization of electronic components and focus on reducing defects are additional factors boosting the demand for surface mount technology equipment. However, the high cost of SMT equipment will restraint the market growth during the forecast period.
Under application segment, consumer electronics held the largest global market share in 2016 and will continue its dominance till the end of the forecast period. There has been an increasing demand for smartphones, tablets, GPS navigation systems, and other electronic products across the globe. Miniaturization of components and technological development will further bolster the demand for surface mount technology equipment by enterprises operating in this segment.
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Geographically, APAC region will dominate the global market of surface mount technology till 2022 owing to growing consumer electronics and automotive industries in China, India and other economies.
Prominent key market players in Surface Mount Technology market include Hitachi, Juki Corporation, Fuji Machine Manufacturing, and ASM Assembly Systems among others. The Global Surface Mount Technology industry is competitive due to low product differentiation. Market players are adopting different growth strategies to expand their product portfolio and gain a larger market share. Fuji Machine Manufacturing recently acquired Tower-Factory GmbH, automatic electronic parts warehouse supplier, to strengthen the company's automatic warehousing and deliver more support for smart factories.
In this report, Surface Mount Technology market is segmented by product, industry, and geography:
By Product
Screen Print Equipment
Soldering Equipment
Inspection Equipment
Placement Equipment
Cleaning Equipment
Others
By Industry
Telecommunication
Consumer Electronics
Aerospace and Defense
Automotive
Healthcare
Others
By Geography
Americas
North America
S.
Canada
Mexico
Others
South America
Brazil
Argentina
Others
Europe Middle East and Africa
Europe
UK
Germany
France
Italy
Spain
Others
Middle East and Africa
Saudi Arabia
UAE
Israel
Others
Asia Pacific
Japan
China
India
Australia
Others
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Table of Contents
Introduction
2. Research Methodology
3. Executive Summary
4. Market Dynamics
4.1. Market Overview and Segmentation
4.2. Drivers
4.3. Restraints
4.4. Opportunities
4.5. Supplier Outlook
4.6. Industry Outlook
4.7. Porter's Five Forces Analysis
4.8. Industry Value Chain Analysis
4.9. Scenario Analysis
Surface Mount Technology Market Forecast by Product (US$ Billion)
5.1. Screen Print Equipment
5.1.1. Market Size and Forecast to 2022
5.2. Soldering Equipment
5.2.1. Market Size and Forecast to 2022
5.3. Inspection Equipment
5.3.1. Market Size and Forecast to 2022
5.4. Placement Equipment
5.4.1. Market Size and Forecast to 2022
5.5. Cleaning Equipment
5.5.1. Market Size and Forecast to 2022
5.6. Others
5.6.1. Market Size and Forecast to 2022
Surface Mount Technology Market Forecast by Industry (US$ Billion)
6.1. Telecommunication
6.1.1. Market Size and Forecast to 2022
6.2. Consumer Electronics
6.2.1. Market Size and Forecast to 2022
6.3. Aerospace and Defense
6.3.1. Market Size and Forecast to 2022
6.4. Automotive
6.4.1. Market Size and Forecast to 2022
6.5. Healthcare
6.5.1. Market Size and Forecast to 2022
6.6. Others
6.6.1. Market Size and Forecast to 2022
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