- Surface mount technology equipment plays a pivotal role in automating the assembly of printed circuit boards (PCBs), allowing for high-speed, precision placement of components, which is essential for producing next-generation electronic devices
- The growing focus on automation, production efficiency, and quality assurance in electronics manufacturing is fueling the demand for advanced surface mount technology solutions across industries such as consumer electronics, automotive electronics, industrial control systems, and healthcare devices
- As electronics continue to shrink in size and increase in functionality, investments in surface mount technology innovation, including 3D inspection systems, pick-and-place machines, and reflow ovens, are expected to shape the future trajectory of the global surface mount technology equipment market
- North America dominated the surface mount technology (SMT) Equipment market with the largest revenue share of 42.01% in 2024, supported by the rising demand for high-precision electronic assembly in sectors such as aerospace, defense, automotive, and consumer electronics
- Asia-Pacific surface mount technology Equipment market is expected to grow at the fastest CAGR of 7.24% from 2025 to 2032, led by rapid industrialization, rising electronics consumption, and manufacturing capacity expansions in China, Japan, India, and South Korea
- The placement equipment segment dominated the market with the largest revenue share of 38.5% in 2024, due to its critical role in accurately placing surface mount components at high speed and precision during PCB assembly
