What is Global Surface Mount Technology (SMT) Equipment Market?
The Global Surface Mount Technology (SMT) Equipment Market is a vast and dynamic sector that has been gaining significant traction in recent years. This market revolves around the production and distribution of Surface Mount Technology (SMT) equipment, which is primarily used in the assembly of electronic circuits. The SMT equipment is used to place components onto a printed circuit board (PCB), which is a key process in the manufacturing of electronic devices. The global SMT equipment market was valued at a staggering US$ 6122.9 million in 2022 and is projected to reach an impressive US$ 8736.7 million by 2029. This indicates a Compound Annual Growth Rate (CAGR) of 4.8% during the forecast period of 2023-2029.
Placement Equipment, Printer Equipment, Reflow Oven Equipment, Others in the Global Surface Mount Technology (SMT) Equipment Market:
The Global Surface Mount Technology (SMT) Equipment Market is segmented into various types of equipment including Placement Equipment, Printer Equipment, Reflow Oven Equipment, and others. Placement equipment, which is used to place components onto the PCB, holds the largest market share, accounting for 50% of the total market value. Printer equipment, used for printing solder paste onto the PCB, and Reflow Oven Equipment, used for melting the solder paste to create electrical connections, also hold significant market shares. The "others" category includes various other types of SMT equipment used in the assembly process. The top three manufacturers in this market are Fuji, ASM Pacific Technology, and Panasonic, who collectively hold more than 50% of the market shares.
Consumer Electronics, Telecommunications Equipment, Automotive, Medical Devices, Others in the Global Surface Mount Technology (SMT) Equipment Market:
The Global Surface Mount Technology (SMT) Equipment Market finds its applications in various sectors including Consumer Electronics, Telecommunications Equipment, Automotive, Medical Devices, and others. The consumer electronics sector holds the largest market share, accounting for 30% of the total market. This is due to the high demand for electronic devices such as smartphones, laptops, and televisions. The telecommunications equipment sector also utilizes SMT equipment for the production of devices such as routers, modems, and switches. The automotive sector, which uses SMT equipment for the production of electronic components in vehicles, holds 20% of the market. The medical devices sector also utilizes SMT equipment for the production of various electronic medical devices. The "others" category includes various other sectors that utilize SMT equipment.
Global Surface Mount Technology (SMT) Equipment Market Outlook:
The global Surface Mount Technology (SMT) Equipment market has shown promising growth and is expected to continue its upward trajectory in the coming years. The market was valued at US$ 6122.9 million in 2022 and is projected to reach US$ 8736.7 million by 2029, indicating a healthy CAGR of 4.8% during the forecast period of 2023-2029. The market is dominated by three major manufacturers, namely Fuji, ASM Pacific Technology, and Panasonic, who collectively hold more than 50% of the market shares. The largest consumer of SMT equipment is the Asia Pacific region, accounting for 55% of the global consumption. The market is segmented based on product type and application. The placement equipment segment holds the largest market share, accounting for 50% of the total market value. In terms of application, the consumer electronics sector holds the largest market share at 30%, followed by the automotive sector at 20%.
| Report Metric | Details |
| Report Name | Surface Mount Technology (SMT) Equipment Market |
| Accounted market size in 2023 | US$ 6590.7 million |
| Forecasted market size in 2029 | US$ 8736.7 million |
| CAGR | 4.8 |
| Base Year | 2023 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Sales by Region |
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| By Company | Fuji Corporation, ASM Pacific Technology, Panasonic, Yamaha Motor, Koh Young, Mycronic, Juki, Hanwha Precision Machinery, ITW EAE, Kulicke & Soffa, GKG, Viscom, Mirtec, Universal Instruments, Kurtz Ersa, Test Research (TRI), Europlacer, BTU International, Parmi, Saki, Heller Industries, Mirae, Beijing Borey, Beijing Torch |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
