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.
According to Publisher, 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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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.
- Reflow Oven
- Wave Oven
- Based on Type
- Based on Speed
- X-Ray Inspection Equipment
- Optical Inspection Equipment
- Laser Inspection Equipment
-Repair and Rework Equipment
-Screen Printing Equipment
-Transistor & Diodes
-Passive Surface-Mount Devices
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-Test and Prototype
-Supply Chain Services
-Aerospace & Defense
-Energy and Power Systems
- Rest of Europe
- New Zealand
- Rest of Asia Pacific
-Rest of the World
- Middle East
- South Africa
11.2 Viscom AG
11.4 Orbotech Ltd.
11.5 Nordson Corporation
11.6 Mycronic AB
11.7 Juki Corporation
11.8 Hitachi High-Technologies Corporation
11.9 Fuji Machine Manufacturing Co., Ltd.
11.10 Electro Scientific Industries, Inc.
11.11 Cyberoptics Corporation
11.13 ASM Assembly Systems GmbH & Co. Kg
11.14 KLA-Tencor Corporation
11.15 Allen Organ Company LLC.
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