Global Surface Mount Technology Market, By Component (Passive Surface-Mount Devices, Transistor & Diodes, Integrated Circuits) Service (Design, Test and Prototype, Supply Chain Services, Manufacturing, Aftermarket Services), Equipment (Inspection Equipment, Placement Equipment, Soldering Equipment, Screen Printing Equipment, Cleaning Equipment, Repair and Rework Equipment), Application (Consumer Electronics, Telecommunication, Aerospace & Defense, Automotive, Medical, Industrial, Energy and Power Systems), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Surface mount technology market will grow at a CAGR of 8.86% in the forecast period of 2021 to 2028. Rise in the supply for electronic products to miniaturized consumers is an essential factor driving the surface mount technology market.
Surface mounting (SMT) technology is defined as a type of technique of generating electronic circuits where the parts are installed or put straight on the printed circuit board (PCB). An electronic device thereby generated is a surface mount device (SMD). It has mainly substituted the technique of connecting parts with cable leads in the circuit board through-hole technique design in the sector. Both technologies, such as huge transformers and heat sinked power semiconductors, can be used in the same board for components not suitable for surface mounting.
Rise in the demand of electric vehicle adoption is a crucial factor accelerating the market growth, also increase in the demand for miniaturized consumer electronics products, rise in the growth of the electronic industry, increase in the manufacturing of electronic hardware devices in large quantities, rise in the trend of miniaturization and increase in the need of mounting the mechanical and electrical components are the major factors among others boosting the surface mount technology market. Moreover, rise in the integration of biometrics and security in consumer electronics devices and medical devices and increase in the demand for led lighting will further create new opportunities for surface mount technology market in the forecast period mentioned above.
However, high investment cost of machinery for setting up production units and high frequency and need for thermal management the major factor among others restraining the market growth, and will further challenge the surface mount technology market in the forecast period mentioned above.
This surface mount technology market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on surface mount technology market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Surface Mount Technology Market Scope and Market Size
Surface mount technology market is segmented on the basis of component, service, equipment and application. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of component, surface mount technology market is segmented into passive surface-mount devices, transistor & diodes and integrated circuits.
- Based on service, the surface mount technology market is segmented into design, test and prototype, supply chain services, manufacturing and aftermarket services.
- Based on equipment, the surface mount technology market is segmented into inspection equipment, placement equipment, soldering equipment, screen printing equipment, cleaning equipment, repair and rework equipment.
- The surface mount technology market is also segmented on the basis of application into consumer electronics, telecommunication, aerospace & defense, automotive, medical, industrial, energy and power systems.
Surface Mount Technology Market Scope Country Level Analysis
Surface mount technology market is analysed and market size, volume information is provided by country, component, service, equipment and application as referenced above.
The countries covered in the surface mount technology market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific dominates the surface mount technology market due to increase in the demand for miniaturized consumer electronics products, rise in the growth of the electronic industry, and increase in the manufacturing of electronic hardware devices in large quantities. However, Europe region is expected to witness a substantial growth in the surface mount technology market due to rise in the trend of miniaturization and increase in the need of mounting the mechanical and electrical components in this region.
The country section of the surface mount technology market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Surface Mount Technology Market Share Analysis
Surface mount technology market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to surface mount technology market.
The major players covered in surface mount technology market report are ASM Assembly Systems GmbH & Co. KG, YXLON International, Viscom AG, Universal Instruments Corporation, Teradyne Inc., Saki Corporation., Panasonic Corporation, Orbotech Ltd., OMRON Corporation, Nordson Corporation, Nikon Metrology Inc., Naprotek, Inc., Mycronic, Kulicke & Soffa Industries, Inc., KOHYOUNG TECHNOLOGY Inc., JUKI CORPORATION., Illinois Tool Works Inc., GLENBROOK TECHNOLOGIES, FUJI Corporation, Electro Scientific Industries, Inc and Yamaha Motor Co., Ltd. among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Surface Mount Technology Market
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