Global Surface Mount Technology (SMT) Equipment Market – Industry Trends and Forecast to 2030

Global Surface Mount Technology (SMT) Equipment Market, By Equipment (Placement Equipment, Inspection Equipment, Soldering Equipment, Screen Printing Equipment, Cleaning Equipment, Repair Equipment, Rework Equipment), Application (Consumer Electronics, Telecommunication, Automotive, Aerospace and Defence, Medical, Industrial, Energy and Power Systems) – Industry Trends and Forecast to 2030.

Surface Mount Technology (SMT) Equipment Market Analysis and Size

Surface mount technology (SMT) is a process in which the equipment produces electronic circuits. In this technology, the component or equipment of electronic circuits are fixed directly onto the surface of printed circuit boards. Nowadays, most of the electronic hardware equipment is produced using surface mount technology. Industries are promptly shifting their preference towards surface mount technology equipment because of its several advantages such as superior mechanical performance, smaller components, higher component density and simple and faster automated assembly.

Data Bridge Market Research analyzes that the global surface mount technology (SMT) equipment market which was USD 5.14 billion in 2022, is likely to reach USD 12.55 billion by 2030, and is expected to undergo a CAGR of 11.5% during the forecast period. “Placement Equipment” dominates the equipment segment of the surface mount technology (SMT) equipment market due to its pivotal role in SMT assembly processes. Placement equipment is responsible for accurately mounting electronic components onto printed circuit boards (PCBs), a critical step in electronics manufacturing. Its ability to handle a wide range of component types, high precision, speed, and reliability makes it a crucial component in SMT production lines. Moreover, the demand for smaller and more complex electronic devices, such as smartphones and IoT devices, further fuels the need for advanced and efficient placement equipment, reinforcing its dominance in the SMT equipment market.. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Report Scope and Market Segmentation

Market Definition

The surface mount technology (SMT) equipment refers to the entire scope of products, services, and solutions associated with surface mount technology in the electronics manufacturing industry. This market encompasses a wide range of equipment and technologies used in the assembly and production of electronic components and printed circuit boards (PCBs) through SMT processes. It includes various types of SMT equipment, such as soldering machines, placement equipment, inspection systems, screen printers, and reflow ovens, among others.

The Global Surface Mount Technology (SMT) Equipment Market Dynamics

Drivers

• Increased PCB complexity

As electronic devices become more sophisticated, the complexity of printed circuit boards (PCBs) has grown. Advanced SMT equipment is required to handle intricate PCB designs and densely packed components.

• Rising consumer electronics growth

The consumer electronics sector, including smartphones, tablets, and smart home devices, experiences constant growth. SMT equipment is essential for mass-producing these products.

• Surging IOT expansion

The growth of the Internet of Things (IoT) leads to an increased demand for sensors, connectivity modules, and other IoT components, requiring advanced SMT equipment.

Opportunity

• Rising demand for miniaturization

As electronic devices continue to shrink in size, there is a growing demand for SMT equipment capable of handling smaller and more intricate components. Manufacturers that can provide advanced SMT equipment for miniaturized components will have a competitive edge.

Restraint

• High initial investment

SMT equipment can be expensive to purchase and set up, especially for smaller manufacturers or startups, which can be a barrier to entry.

Challenge

• Rapid technological changes

The electronics industry experiences rapid technological advancements. SMT equipment may become obsolete quickly, requiring frequent upgrades or replacements.

This surface mount technology (SMT) equipment market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized 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 the variable frequency drive market contact the Data Bridge Market Research for an Analyst Brief, our team will help you make an informed market decision to achieve market growth.

Recent Development

• In October 2022, Omron Corporation launched its new surface mount technology (SMT) equipment, the Omron VT-X Alpha, on October 13, 2023. The VT-X Alpha is a high-speed, high-precision SMT pick-and-place machine that is designed to meet the needs of the electronics manufacturing industry
• In March 2022, CyberOptics Corporation, a global leader in high-precision 3D sensing, automation, inspection, and metrology technologies, launched its new surface mount technology (SMT) equipment, the CyberOptics SQ3000 3D AOI System. The SQ3000 is a high-speed, high-precision 3D AOI system that is designed to meet the needs of the electronics manufacturing industry. It features CyberOptics' proprietary Multi-Reflection Suppression (MRS) technology, which enables it to accurately inspect components on both sides of a PCB in a single pass

The Global Surface Mount Technology (SMT) Equipment Market Scope

The surface mount technology (SMT) equipment market is segmented on the basis of equipment and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Equipment

• Placement Equipment
• Inspection Equipment
• Soldering Equipment
• Screen Printing Equipment
• Cleaning Equipment
• Repair Equipment
• Rework Equipment

Application

• Consumer Electronics
• Telecommunication
• Automotive
• Aerospace and Defence
• Medical, Industrial
• Energy and Power Systems

The Global Surface Mount Technology (SMT) Equipment Market Region Analysis/Insights

The surface mount technology (SMT) equipment market is analyzed and market size insights and trends are provided by country, equipment and application as referenced above.

The countries covered in the surface mount technology (SMT) equipment market report are U.S., Canada, Mexico, Brazil, Argentina, the 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 the Middle East and Africa.

Asia-Pacific is expected to dominate the surface mount technology (SMT) equipment market in terms of market share revenue. This is due to the thriving electronic contract manufacturing. Moreover, the GDP growth, swift growth of industrialization and the infrastructural development in this region.

Europe is expected to be the fastest developing region due to the development of hardware and manufacturing sector by supporting innovative start-ups in this region..

The country section of the 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.   

Semiconductor Infrastructure growth Installed base and New Technology Penetration

The surface mount technology (SMT) equipment market also provides you with a detailed market analysis for every region’s growth in healthcare expenditure for capital equipment, installed base of different kinds of products for the surface mount technology (SMT) equipment market, the impact of technology using lifeline curves, and changes in battery regulatory scenarios and their impact on the variable frequency drive market. The data is available for the historic period 2010-2020.

Competitive Landscape and Global Surface Mount Technology (SMT) Equipment Market Share Analysis

The surface mount technology (SMT) equipment market competitive landscape provides details of competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to the companies' focus related to the surface mount technology (SMT) equipment market.

Some of the major players operating in the surface mount technology (SMT) equipment market are:

• CyberOptics (U.S.)
• KLA Corporation. (Israel)
• Hitachi High-Technologies Corporation (Japan)
• Nordson Corporation (U.S.)
• FUJI MACHINERY CO., LTD.(Japan)
• Assembly Systems Inc,(Germany)
• MKS Instruments, Inc. (U.S.)
• Glenbrook Technologies (U.S.)
• Heller Industries, Inc. (U.S.)
• Juki Corporation (Japan)
• Koh Young Technology, Inc. (South Korea)
• Kulicke and Soffa Industries, Inc. (Singapore)
• Naprotek,LLC (U.S.)
• Nikon Metrology NV (U.K.)
• Omron Corporation (Japan)
• Panasonic Corporation (Japan)
• Saki Corporation (Japan)
• Teradyne, Inc. (U.S.)
• Universal Instruments Corporation (U.S.)
• YXLON International (Germany)