Scope of the Study
Surface mount technology is a technology in which the components are placed onto the electronic circuits. These circuits are first printed and then the components are mounted on them with the help of automatic machines known as Pick and Place machines. Surface mount technology are used in a growing number of industrial and commercial products. Due to their small size manufacturing, rework, and repair can be difficult and are best performed using specialized techniques specific to this technology. And this is projecting the growth of the surface mount technology market in the forecast period.
The market study is being classified by Type (Inspection Equipment, Placement Equipment, Soldering Equipment, Screen Printing Equipment, Cleaning Equipment and Rework and Repair Equipment), by Application (Consumer Electronics, Telecommunication, Aerospace & Defense, Automotive, Medical, Industrial and Energy & Power Systems) and major geographies with country level break-up.
Fuji Corporation (Japan), CyberOptics Corporation (United States), Electro Scientific Industries, Inc. (United States), ASM Assembly Systems GmbH & Co. KG (Germany), Glenbrook Technologies, Inc. (United States), Heller Industries, Inc. (United States), Illinois Tool Works, Inc. (United States), Universal Instruments Corporation (United States), Juki Corporation (Japan) and Panasonic Corporation (Japan) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Nordson DAGE (United Kingdom), Mycronic AB (Sweden), Kulicke & Soffa Pte Ltd. (Singapore), Naprotek, Inc. (United States) and Nikon Metrology NV (Belgium).
The Players having a strong hold in the market are Fuji Corporation, CyberOptics Corporation, and Electro Scientific Industries, Inc.. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Surface Mount Technology market throughout the predicted period.
Segment Analysis
AdvanceMarketAnalytics has segmented the market of Global Surface Mount Technology market by Type, Application and Region.
On the basis of geography, the market of Surface Mount Technology has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increasing Demand for Mobile Communication Devices Globally
- Rising Number of Electronic Contract Manufacturer in Emerging Countries
- Increasing Adoption of Electric Vehicles
Market Trend
- Increasing Demand for Miniaturized Consumer Electronics Products
Restraints
- High Cost of Surface Mount Equipment System
Opportunities
- Technological Advancement and Innovation In the next Generation Electronics
On 24, April 2019, Nano Dimension Ltd. has announced that the company’s pioneering DragonFly Pro systems have successfully shortened and simplified the assembly process for ball grid arrays (BGAs) and other surface mount technology (SMT) components used for integrated circuits, from days to one hour.
Key Target Audience
Surface Mount Devices Manufacturer, Surface Mount Component and Device Distributors and Providers, Original Equipment Manufacturers (OEMs), Raw Material and Manufacturing Equipment Suppliers, Research Organizations and Consulting Companies, Semiconductor Product Designers and Fabricators, Smart Grid Integrators, Potential Technology Investors and Technology Standard Organizations, Forums, Alliances, and Associations
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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