Surface Mount Technology Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

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Surface Mount Technology Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

Status : October, 2020 | Semiconductor & Electronics | PPT format

Report Digest


Global Surface Mount Technology Market: Overview

Development of surface mount technology (SMT) has been nothing short of revolution as far as electronic circuits are concerned, taking it past the limitations of traditional thru-hole soldering methods and significantly helping in the miniaturization of electronic devices. Via surface mount technology, electronic circuit components can be placed directly over the surface of the printed circuit boards (PCBs) and currently, nearly all electronic hardware that are produced utilize SMT. As per the requirement, surface mount technology works on advanced principles and employs different soldering equipment, which in turn offers more electrical conductivity and improves reliability of the electronic devices in comparison to thru-hole soldering technology. With ubiquity of electronic devices such as smartphones, laptops, television, and tablets, the demand in the global surface mount technology is expected to expand at a robust rate during the forecast period of 2017 to 2025. 

Global Surface Mount Technology Market: Key Trends

Incrementing demand for smart gadgets is the primary driver of this market as it is essential for printed circuit boards, besides the recent increase in the number of contract manufacturers for the production of large batches of various components of electronic devices. The trend of miniature and portable devices that are light weight as well as efficient is another important factor driving the demand in the global surface mount technology. The escalating demand for of LCD/LED televisions, LED and CFL lighting, and 3G telecom network are also expected to positively reflect on the market. Conversely, high cost of SMT system and their lack of ability to withstand high power of high voltage is hindering the growth rate of the market. 

Global Surface Mount Technology Market: Market Potential

The demand for SMT is expected to gain new opportunities from the increasing use of X-ray inspection equipment for disease diagnostics and automatic optical inspection (AOI). In addition to that, application of electronics in the defense, healthcare, aerospace, and automotive industries is also opening new revenue avenues for the players in the surface mount technology market. Additionally, SMT vendors are aggressively investing on the research and development of new products to meet the end users’ demands, which also promises well for this market. For instance, ASMPT, a prominent company in the global SMT market, has decides to invest nearly 10% of its revenue for the development of customized SMT solutions. 

Global Surface Mount Technology Market: Regional Outlook

With vast population base and increasing disposable income among the urban population, Asia Pacific is currently the most lucrative region for the players in this market and is expected to remain the leading region throughout the forecast period. India, China, South Korea, and Japan are some of the key country-wide markets for surface mount technology in Asia Pacific. On the other hand, North America and Europe are also expected to extend the demand in the near future, although at a significantly lower growth rate as compared to Asia Pacific. The Middle East and Africa as well as rest of the world are also expanding the demand in the global SMT market.

Global Surface Mount Technology Market: Competitive Landscape

Due to minimal difference between the products, the competition between various vendors in the global surface mount technology is intense, and escalating with reduced prices. Acquisition of smaller companies in order to add to enhance product portfolio and other modes of business consolidation are common strategies adopted by the key players to stay of the competition. Some of the leading companies in the global SMT market are CyberOptics Corporation, Mycronic AB, ASM Assembly Systems GmbH & Co. KG, Electro Scientific Industries Inc., Hitachi High-Technologies Corporation, Fuji Machine Manufacturing Co., Ltd., Juki Corporation, Nordson Corporation, Viscom AG, and Orbotech Ltd. 

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.

Latest Trends and Cardinal Growth Prospects

The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.

Existing and Future Insights in Growth

The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.

Ascensions in Technology

Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.

Pain Points

The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.

The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.

An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.

The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!

This report is the key to questions such as:

What are the prominent factors that will help in reshaping the market growth?

Which trends have the potential to bring expansive growth for the market?

What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?

Which regions will emerge as champion growth contributors for the market?

Which aspects will serve as game-changers for the market?

What are the latest innovations in the market?

Which factors will hinder the growth of the market?