Global Surface Mount Technology Equipment Market – Complete Industry Overview And Analysis
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The “Global Surface Mount Technology Equipment Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026” research study offered on Decisiondatabases.com provides an insight on the growth trends, market drivers, opportunities and restraints of the global surface mount technology equipment market. The report predicts the global surface mount technology equipment market to cross over USD 7 BN by 2026 along with a CAGR of 8% within the forecasted period from 2020-2026. The market was valued close to USD 4 BN in 2019 as per the study.
Surface Mount Technology is a process that is used to attach electronic components on the Printed Circuit Boards (PCBs). The process has replaced the method that was used earlier namely through-hole technology (THT). The SMT is performed using several types of equipment such as placement equipment, inspection equipment, soldering equipment and cleaning equipment. The SMT placement equipment are the machines that are used to place surface-mount devices (SMDs) on the Printed Circuit Boards( PCBs). The machines are utilized to provide high precision and high speed for the placement of a wide range of electronic products such as capacitors and resistors.
The rise in the adoption of electric vehicles, the growth in demand from the end-use industry, technological advancements in electronics and stable R&D investments in electronics packaging and chip design & architecture are the major factors responsible for driving the growth of the global surface mount technology equipment market. However, the high cost of the investment might act as a hindrance to the growth of the global surface mount technology equipment market.
By equipment, pick & place, coating equipment, solder equipment, cleaning agents and rework & repair equipment are the segments of the global surface mount technology equipment market.
By component, the global surface mount technology equipment market is segmented into passive surface mount devices, transistor & diodes and integrated circuits.
By end-user industries, telecommunications, consumer electronics, automotive and medical are the classifications provided for the global surface mount technology equipment market as per the study.
By geography, North America, Europe, Asia Pacific, Latin America and Middle East & Africa are the segments of the global surface mount technology equipment market.
The report also provides the complete competitive landscape of the worldwide market with company profiles of key players such as Cyberoptics Corporation, Fuji Machine Manufacturing Co., Ltd., Mycronic Ab, Assembly Systems, Nordson Corporation, Hitachi High-Technologies Corporation, Orbotech Ltd., Applied Image, Inc., Kbc Electronics, Inc. and Ohmite Manufacturing Co. Llc among others. A description of each company has been included in terms of future capacities, key mergers & acquisitions, financial overview, collaborations and new product launches & developments.
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