Surface Mount Technology Equipment Market, By Equipment (Pick and Place, Coating Equipment, Solder Equipment, Cleaning Agents, Rework and Repair Equipment), By End-User Industries (Telecommunication, Consumer electronics, Automotive, Medical), By Components (Transistor & Diodes ,Integrated Circuits) - Forecast 2022
Surface mount technology is a technique of producing electronic circuits by mounting the components onto the printed circuit board (PCB) without drilling any hole on the PCB. The components have small metal tabs that are soldered to the printed circuit board (PCB).Surface mount technology is related to global electronics industry.
Benefits of Surface Mount Technology can be given as the Surface Mount Technology components are smaller in size; they have higher component density and can be placed on both sides of the printed circuit board. Surface Mount Technology components consist of passive surface mount devices, transistor & diodes and integrated circuits.
These components have lower initial costs. But Surface Mount Technology also has a few drawbacks as, repair is more difficult and the components cannot be directly used on a breadboard.
The ever increasing demand for smart gadgets is being worldwide which results in demand of many electronic components which require surface mount technology for the printed circuit boards. Therefore the Surface Mount Technology equipment market is driven by the need for miniaturization of products and higher accuracy.
In this era of automation, it has been observed that automotive sector has also created a huge demand for Surface Mount Technology for the manufacturing of high-tech vehicles.
The global industrial automation market is expected to grow at USD ~4 Billion by 2022, at ~8% of CAGR between 2016 and 2022.
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Major Key Players:
- CyberOptics Corporation (U.S.),
- Fuji Machine Manufacturing Co., Ltd.(Japan),
- Mycronic AB (Sweden),
- Assembly Systems (Germany),
- Nordson Corporation (U.S.),
- Hitachi High-Technologies Corporation (Japan),
- Orbotech Ltd. (Israel)
The regional analysis of Surface Mount Technology is being studied for region such as Asia pacific, North America, Europe and Rest of the World. It has been observed that Asia-Pacific region is dominated in Surface Mount Technology market followed by Latin America.
Asia – Pacific countries like China, India and Japan are ahead in the Surface Mount Technology market due to the higher availability of skilled labor and increasing penetration of high tech devices which require miniaturization. Countries like India and China with high population results in increasing consumer electronics demand which gives a booster to the use of Surface Mount Technology market.
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Surface Mount Technology Equipment market by Equipment:
- Pick and place
- Coating equipment
- Solder equipment
- Cleaning agents
- Rework and repair equipment
Surface Mount Technology Equipment market by end user industries:
- Consumer electronics
Surface Mount Technology Equipment market by Components:
- Passive surface mount devices
- Transistor & diodes
- Integrated circuits
- Technology investors
- Original equipment manufacturers (OEMs)
- Smart grid integrators
- Surface mount component device distributors and providers
- Research/Consultancy firms
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