“Increase in the manufacturing of electronic hardware devices”
- The continuous rise in the mass production of electronic hardware devices is a key factor fueling the growth of the Global Surface Mount Technology Market.
- As industries such as consumer electronics, automotive, aerospace, and medical devices expand, the demand for efficient, high-volume manufacturing solutions like SMT becomes critical to meet production targets and maintain quality standards.
- Surface mount technology enables faster assembly processes, higher component density, and cost-efficient production, which are essential for scaling up electronic hardware manufacturing operations.
- This demand is further amplified by the global push toward digitalization and smart technologies across various sectors.
For instance:
- According to a report by IPC International in 2024, global electronic hardware production is expected to grow at a CAGR of 8% between 2024 and 2028, with surface mount assembly lines accounting for nearly 70% of all PCB manufacturing during the period.
- Additionally, the Consumer Technology Association (CTA) reported that in 2024, sales of electronic devices like smart home gadgets and wearables surged by over 10%, heavily relying on SMT processes for compact and efficient device manufacturing.
