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New study: Surface mount technology equipment market forecast by 2023

New study: Surface mount technology equipment market forecast by 2023

Factors such as rising acceptance of electric vehicles, growing demand for LED lighting, rising use of flexible materials printed circuit boards and rising usage of flex circuits in electronic devices are some factors propelling the market growth.

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According to Stratistics MRC, the Global Surface Mount Technology Equipment market is estimated at $3.26 billion in 2016 and is expected to reach $6.21 billion by 2023 growing at a CAGR of 9.6% from 2016 to 2023. 

In addition, government initiatives and useful application of the equipments across a number of end user industries are some of the factors anticipated to provide growth opportunities for the market. However, high investment cost of machinery for setting up production units and high cost of equipment are hindering the market growth.

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Browse the report: www.orbisresearch.com/reports/inde…outlook-2017-2023

Amongst equipments, placement equipment is anticipated to hold the major share in the overall market during the forecast period. The growth for this segment is mainly driven by the need for higher accuracy, product miniaturization, improved speed, and flexibility.

By Application, consumer electronics held the largest market share which can be attributed to the growing miniaturization of electronic devices. Asia Pacific dominated the global market during the forecast period due to the booming electronic contract manufacturing into this region.

Moreover, GDP growth and rising infrastructural improvement in this region offers great growth opportunities for the market.

Some of the key players in the market include Yamaha, Viscom AG, Panasonic, Orbotech Ltd., Nordson Corporation, Mycronic AB, Juki Corporation, Hitachi High-Technologies Corporation, Fuji Machine Manufacturing Co., Ltd., Electro Scientific Industries, Inc., Cyberoptics Corporation, Assembléon, ASM Assembly Systems GmbH & Co. Kg, KLA-Tencor Corporation and Allen Organ Company LLC.

Request a sample of the report: www.orbisresearch.com/contacts/request-sample/348117

Equipments Covered:
Soldering Equipment
Reflow Oven
Wave Oven
Placement Equipment
Based on Type
Based on Speed
Inspection Equipment
X-Ray Inspection Equipment
Optical Inspection Equipment
Laser Inspection Equipment
Cleaning Equipment
Repair and Rework Equipment
Semiautomatic
Automatic
Screen Printing Equipment
Semiautomatic
Manual
Automatic

Components Covered:
Transistor & Diodes
Passive Surface-Mount Devices
Capacitor
Resistor
Integrated Circuits

Services Covered:
Aftermarket Services
Design
Manufacturing
Test and Prototype
Supply Chain Services

Applications Covered:
Aerospace & Defense
Consumer Electronics
Industrial
Energy and Power Systems
Telecommunication
Medical
Automotive
Other Application

Regions Covered:
North America
US
Canada
Mexico
Europe
Germany
France
Italy
UK
Spain
Rest of Europe
Asia Pacific
Japan
China
India
Australia
New Zealand
Rest of Asia Pacific
Rest of the World
Middle East
Brazil
Argentina
South Africa
Egypt

What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Major Points From The Table Of Contents:

Executive Summary

Preface

Market Trend Analysis

Porters Five Force Analysis

Global Surface Mount Technology Equipment Market, By Equipment

Global Surface Mount Technology Equipment Market, By Component

Global Surface Mount Technology Equipment Market, By Service

Global Surface Mount Technology Equipment Market, By Application

Global Surface Mount Technology Equipment Market, By Geography

Key Developments

Company Profiling

List Of Tables:

1 Global Surface Mount Technology Equipment Market Outlook, By Region
2 Global Surface Mount Technology Equipment Market Outlook, By Equipment
3 Global Surface Mount Technology Equipment Market Outlook, By Soldering Equipment
4 Global Surface Mount Technology Equipment Market Outlook, By Reflow Oven
5 Global Surface Mount Technology Equipment Market Outlook, By Wave Oven
6 Global Surface Mount Technology Equipment Market Outlook, By Placement Equipment
7 Global Surface Mount Technology Equipment Market Outlook, By Based on Type
8 Global Surface Mount Technology Equipment Market Outlook, By Based on Speed
9 Global Surface Mount Technology Equipment Market Outlook, By Inspection Equipment
10 Global Surface Mount Technology Equipment Market Outlook, By X-Ray Inspection Equipment
11 Global Surface Mount Technology Equipment Market Outlook, By Optical Inspection Equipment
12 Global Surface Mount Technology Equipment Market Outlook, By Laser Inspection Equipment
13 Global Surface Mount Technology Equipment Market Outlook, By Cleaning Equipment
14 Global Surface Mount Technology Equipment Market Outlook, By Repair and Rework Equipment
15 Global Surface Mount Technology Equipment Market Outlook, By Semiautomatic

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