HOME Top Market Reports Surface Mount Technology Market by Equipment (Placement, Inspection, Soldering, Screen Printing, Cleaning, Repair & Rework), Application (Consumer Electronics, Automotive, Aerospace & Defense), and Geography - Global Forecast to 2022

Surface Mount Technology Market by Equipment (Placement, Inspection, Soldering, Screen Printing, Cleaning, Repair & Rework), Application (Consumer Electronics, Automotive, Aerospace & Defense), and Geography - Global Forecast to 2022

By: marketsandmarkets.com
Publishing Date: March 2017
Report Code: SE 3874

 

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The increasing demand for miniaturized consumer electronics products and the increasing adoption of electric vehicles are the key factors driving the growth of the surface mount technology market. The surface mount technology market was valued at USD 3.24 Billion in 2016 and is expected to grow at a CAGR of 8.9% between 2017 and 2022. The base year considered for the study is 2016 and the forecast period is between 2017 and 2022. The objective of the report is to provide a detailed analysis of the surface mount technology market on the basis of equipment, application, and geography. The report provides detailed information regarding the major factors influencing the growth of the surface mount technology market. The report also provides a detailed overview of the value chain in the surface mount technology market and analyzes the market trends with Porter’s five forces.

The research methodology used to estimate and forecast the surface mount technology market begins with capturing data on the revenue of the key vendors through secondary research. The vendor offerings are also taken into consideration to determine the market segmentation. The bottom-up procedure has been employed to arrive at the overall size of the surface mount technology market from the revenue of key players. After arriving at the overall market size, the total market has been split into several segments and subsegments, which have been verified through primary research by conducting extensive interviews with key experts such as CEOs, VPs, directors, and executives. The market breakdown and data triangulation procedures have been employed to complete the overall market engineering process and arrive at the exact statistics for all the segments and subsegments. The breakdown of the profiles of primaries is depicted in the below figure.

Building Automation Systems Market

To know about the assumptions considered for the study, download the pdf brochure

The surface mount technology ecosystem comprises material and chip processing component manufacturers including Ohmite Manufacturing Co. LLC (U.S.), Applied Image, Inc. (U.S.), and KBC Electronics, Inc. (U.S.), manufacturing and assembly, module packaging. The players involved in the development of surface mount technology systems include Fuji Machine Manufacturing Co., Ltd.(Japan), Hitachi High-Technologies Corporation (Japan), Mycronic AB (Sweden), Nordson Corporation (U.S.), and Orbotech Ltd. (Israel) as well as associations such as the Surface Mount Technology Association.

Key Target Audience

  • Integrated circuit designers
  • Original equipment manufacturers (OEMs)
  • Product manufacturers
  • Raw material and manufacturing equipment suppliers
  • Research organizations and consulting companies
  • Semiconductor product designers and fabricators
  • Smart grid integrators
  • Surface mount component and device distributors and providers
  • Surface mount devices manufacturing companies
  • Technology investors
  • Technology standard organizations, forums, alliances, and associations

“This study answers several questions for the stakeholders, primarily, which market segments to focus on in the next two to five years for prioritizing efforts and investments.”

Scope of the Report

This research report categorizes the surface mount technology market on the basis of equipment, application, and geography.

Surface Mount Technology Market, by Equipment:

  • Inspection Equipment
  • Placement Equipment
  • Soldering Equipment
  • Screen Printing Equipment
  • Cleaning Equipment
  • Rework and Repair Equipment

Surface Mount Technology Market, by Application:

  • Consumer Electronics
  • Telecommunication
  • Aerospace & Defense
  • Automotive
  • Medical
  • Industrial
  • Energy & Power Systems

Surface Mount Technology Market, by Geography:

  • North America
  • Europe
  • Asia-Pacific (APAC)
  • Rest of the World (RoW)

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:

Company Information:

Detailed analysis and profiling of additional market players (up to five)

Table of Contents

1 Introduction (Page No. - 20)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Study Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency and Pricing
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 23)
    2.1 Research Data
           2.1.1 Secondary and Primary Research
           2.1.2 Secondary Data
                    2.1.2.1 Key Data From Secondary Sources
           2.1.3 Primary Data
                    2.1.3.1 Primary Interviews With Experts
                    2.1.3.2 Key Data From Primary Sources
                    2.1.3.3 Key Industry Insights
                    2.1.3.4 Breakdown of Primaries
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Market Breakdown and Data Triangulation
    2.4 Research Assumptions

3 Executive Summary (Page No. - 32)

4 Premium Insights (Page No. - 35)
    4.1 Attractive Growth Opportunities for the Surface Mount Technology Market
    4.2 Surface Mount Technology Market, By Equipment (2017–2022)
    4.3 Surface Mount Technology Market, By Application and Geography (2017)
    4.4 Surface Mount Technology Market, By Geography (2017)

5 Market Overview (Page No. - 38)
    5.1 Introduction
    5.2 Market Segmentation
           5.2.1 By Equipment
           5.2.2 By Application
           5.2.3 By Service
           5.2.4 By Component
           5.2.5 By Geography
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 Increased Demand for Miniaturized Consumer Electronics Products
                    5.3.1.2 Increasing Adoption of Electric Vehicles
           5.3.2 Restraints
                    5.3.2.1 High Investment Cost of Machinery for Setting Up Production Units
                    5.3.2.2 High Frequency and Need for Thermal Management
           5.3.3 Opportunities
                    5.3.3.1 Rising Integration of Biometrics and Security in Consumer Electronics Devices and Medical Devices
                    5.3.3.2 Increasing Demand for Led Lighting
           5.3.4 Challenges
                    5.3.4.1 Emergence of New Assembly Techniques Such as 3d Printing and Embedded Components
                    5.3.4.2 Challenges in Repair, Rework, and Reliability for SMT-Manufactured Pcbs

6 Industry Trends (Page No. - 48)
    6.1 Introduction
    6.2 Value Chain Analysis
    6.3 Porter’s Five Forces Analysis
           6.3.1 Intensity of Competitive Rivalry
           6.3.2 Threat of Substitutes
           6.3.3 Bargaining Power of Buyers
           6.3.4 Bargaining Power of Suppliers
           6.3.5 Threat of New Entrants

7 Surface Mount Technology Market, By Component (Qualitative) (Page No. - 56)
    7.1 Introduction
    7.2 Passive Surface-Mount Devices
           7.2.1 Resistor
           7.2.2 Capacitor
    7.3 Transistor & Diodes
    7.4 Integrated Circuits

8 Surface Mount Technology Market, By Service (Qualitative) (Page No. - 60)
    8.1 Introduction
    8.2 Design
    8.3 Test and Prototype
    8.4 Supply Chain Services
    8.5 Manufacturing
    8.6 Aftermarket Services

9 Surface Mount Technology Market, By Equipment (Page No. - 66)
    9.1 Introduction
    9.2 Inspection Equipment
           9.2.1 Laser Inspection Equipment
           9.2.2 X-Ray Inspection Equipment
           9.2.3 Optical Inspection Equipment
    9.3 Placement Equipment
           9.3.1 Based on Speed
                    9.3.1.1 Low-Speed Placement Equipment
                    9.3.1.2 Medium-Speed Placement Equipment
                    9.3.1.3 High-Speed Placement Equipment
           9.3.2 Based on Type
                    9.3.2.1 Dual-Delivery Placement Machine
                    9.3.2.2 Multi-Station Placement Machine
                    9.3.2.3 Turret-Type Placement Machine
                    9.3.2.4 Multi-Head Placement Machine
                    9.3.2.5 Sequential Pick-And-Place Machine
    9.4 Soldering Equipment
           9.4.1 Wave Oven
           9.4.2 Reflow Oven
    9.5 Screen Printing Equipment
           9.5.1 Automatic
           9.5.2 Semiautomatic
           9.5.3 Manual
    9.6 Cleaning Equipment
           9.6.1 Impact of Lead-Free Manufacturing on the Market for Cleaning Equipment in SMT
    9.7 Repair and Rework Equipment
           9.7.1 Automatic
           9.7.2 Semiautomatic

10 Surface Mount Technology Market, By Application (Page No. - 110)
     10.1 Introduction
     10.2 Consumer Electronics
             10.2.1 Miniaturization in Consumer Electronics Leading the SMT Market Growth
     10.3 Telecommunication
             10.3.1 Emergence of 5g Technology and Increasing Adoption of 3g and 4g Technology
     10.4 Aerospace & Defense
     10.5 Automotive
             10.5.1 Emerging EV Market to Drive the SMT Market in Automotive Industry
     10.6 Medical
     10.7 Industrial
             10.7.1 Development in the Electronics Manufacturing Process Due to Surface Mount Technology
     10.8 Energy and Power Systems
             10.8.1 Smart Meters Driving the SMT Market for Energy and Power Systems

11 Geographic Analysis (Page No. - 125)
     11.1 Introduction
     11.2 North America
             11.2.1 SMT Events to Be Held in North America
             11.2.2 U.S.
                        11.2.2.1 Rising Number of Events and Conferences Support the Growth of SMT Market in U.S.
             11.2.3 Canada
                        11.2.3.1 Growth of Consumer Electronics in Canada Supporting the Growth of SMT Market
             11.2.4 Mexico
                        11.2.4.1 Growing Automotive Industry in Mexico Driving the SMT Market
     11.3 Europe
             11.3.1 SMT Events to Be Held in Europe
             11.3.2 U.K.
                        11.3.2.1 U.K. Semiconductor Companies Innovate to Have an Edge in the Market
             11.3.3 Germany
                        11.3.3.1 Microelectronics and Semiconductors Industry Driving the SMT Market in Germany
             11.3.4 France
                        11.3.4.1 Rising Investments to Support the Semiconductor Industry in France
                        11.3.4.2 Embracing Innovation as A Key Strategy By French Electronic Players
             11.3.5 RoE
                        11.3.5.1 Rise of New Manufacturing Hubs for the Electronics Industry in the Eastern Europe
                        11.3.5.2 Associations for Electric Vehicles in Europe Supporting the Growth of SMT Market
     11.4 APAC
             11.4.1 SMT Events to Be Held in APAC
             11.4.2 China
                        11.4.2.1 SMT Market of China to Grow With the Rising Demand for Electric Vehicles in China
                        11.4.2.2 High Growth in Electronic Component Manufacturing Industry in China
             11.4.3 Japan
                        11.4.3.1 Semiconductor Industry of Japan to Drive the SMT Market
             11.4.4 Rest of APAC
                        11.4.4.1 South Korean Semiconductor Industry to Lead the SMT Market in Rest of APAC
     11.5 Rest of the World (RoW)
             11.5.1 South America
                        11.5.1.1 Power Electronics Market in South America to Drive the SMT Market
             11.5.2 Middle East
                        11.5.2.1 Automotive Market in the Middle East to Fuel the Growth of SMT Market
                        11.5.2.2 Solar Power Industry in the Middle East Provides Attractive Growth Opportunities
                        11.5.2.3 SMT Events to Be Held in the Middle East
             11.5.3 Africa
                        11.5.3.1 Electronic Manufacturing Market to Grow in South Africa

12 Competitive Landscape (Page No. - 158)
     12.1 Overview
     12.2 Market Ranking Analysis: Surface Mount Technology Market
     12.3 Competitive Situation and Trends
             12.3.1 New Product Launches and Developments
             12.3.2 Partnerships, Agreements, and Collaborations
             12.3.3 Acquisitions

13 Company Profiles (Page No. - 164)
     13.1 Introduction
(Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, Ratio Analysis, MnM View)*
     13.2 Fuji Machine Manufacturing Co., Ltd.
     13.3 Hitachi High-Technologies Corporation
     13.4 Mycronic AB
     13.5 Nordson Corporation
     13.6 Orbotech Ltd.
     13.7 Cyberoptics Corporation
     13.8 Electro Scientific Industries, Inc.
     13.9 Juki Corporation
     13.10 Viscom AG
     13.11 ASM Assembly Systems GmbH & Co. Kg
     13.12 Key Innovators
             13.12.1 Neoden Technology Co., Ltd
             13.12.2 Fuji Machine Mfg. Co., Ltd

*Details on Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.

14 Appendix (Page No. - 192)
     14.1 Insights of Industry Experts
     14.2 Discussion Guide
     14.3 Introducing RT: Real-Time Market Intelligence
     14.4 Available Customizations
     14.5 Related Reports
     14.6 Author Details


List of Tables (82 Tables)

Table 1 List of Major Secondary Sources
Table 2 Surface Mount Technology Market, (USD Billion and Units), 2015–2022
Table 3 Surface Mount Technology Market, By Equipment
Table 4 Surface Mount Technology Market, By Application
Table 5 Surface Mount Technology Market, By Service
Table 6 Surface Mount Technology Market, By Component
Table 7 Bev and Phev Market, 2010–2015 (Thousand Units)
Table 8 SMT Resistor Sizes
Table 9 Surface Mount Technology Market, By Equipment, 2015–2022 (USD Million)
Table 10 Inspection Equipment Market, By Region, 2015–2022 (USD Million)
Table 11 Inspection Equipment Market for Industrial, By Region, 2015–2022 (USD Million)
Table 12 Inspection Equipment Market for Energy and Power Systems, By Region, 2015–2022 (USD Million)
Table 13 Inspection Equipment Market for Consumer Electronics, By Region, 2015–2022 (USD Million)
Table 14 Inspection Equipment Market for Telecommunication, By Region, 2015–2022 (USD Million)
Table 15 Inspection Equipment Market for Medical, By Region, 2015–2022 (USD Million)
Table 16 Inspection Equipment Market for Aerospace and Defense, By Region, 2015–2022 (USD Million)
Table 17 Inspection Equipment Market for Automotive, By Region, 2015–2022 (USD Million)
Table 18 Placement Equipment Market, By Region, 2015–2022 (USD Million)
Table 19 Placement Equipment Market for Consumer Electronics, By Region, 2015–2022 (USD Million)
Table 20 Placement Equipment Market for Telecommunication, By Region, 2015–2022 (USD Million)
Table 21 Placement Equipment Market for Aerospace and Defense, By Region, 2015–2022 (USD Million)
Table 22 Placement Equipment Market for Automotive, By Region, 2015–2022 (USD Million)
Table 23 Placement Equipment Market for Medical, By Region, 2015–2022 (USD Million)
Table 24 Placement Equipment Market for Industrial, By Region, 2015–2022 (USD Million)
Table 25 Placement Equipment Market for Energy & Power Systems, By Region, 2015–2022 (USD Million)
Table 26 Soldering Equipment Market, By Region, 2015–2022 (USD Million)
Table 27 Soldering Equipment Market for Industrial, By Region, 2015–2022 (USD Million)
Table 28 Soldering Equipment Market for Consumer Electronics, By Region, 2015–2022 (USD Million)
Table 29 Soldering Equipment Market for Automotive, By Region, 2015–2022 (USD Million)
Table 30 Soldering Equipment Market for Telecommunication, By Region, 2015–2022 (USD Million)
Table 31 Soldering Equipment Market for Energy & Power Systems, By Region, 2015–2022 (USD Million)
Table 32 Soldering Equipment Market for Aerospace & Defense, By Region, 2015–2022 (USD Million)
Table 33 Soldering Equipment Market for Medical, By Region, 2015–2022 (USD Million)
Table 34 Screen Printing Equipment Market, By Region, 2015–2022 (USD Million)
Table 35 Screen Printing Equipment Market for Consumer Electronics, By Region, 2015–2022 (USD Million)
Table 36 Screen Printing Equipment Market for Telecommunication, By Region, 2015–2022 (USD Million)
Table 37 Screen Printing Equipment Market for Aerospace & Defense, By Region, 2015–2022 (USD Million)
Table 38 Screen Printing Equipment Market for Automotive, By Region, 2015–2022 (USD Million)
Table 39 Screen Printing Equipment Market for Medical, By Region, 2015–2022 (USD Million)
Table 40 Screen Printing Equipment Market for Industrial, By Region, 2015–2022 (USD Million)
Table 41 Screen Printing Equipment Market for Energy & Power Systems, By Region, 2015–2022 (USD Million)
Table 42 Cleaning Equipment Market, By Region, 2015–2022 (USD Million)
Table 43 Cleaning Equipment Market for Consumer Electronics, By Region, 2015–2022 (USD Million)
Table 44 Cleaning Equipment Market for Medical, By Region, 2015–2022 (USD Million)
Table 45 Cleaning Equipment Market for Telecommunication, By Region, 2015–2022 (USD Million)
Table 46 Cleaning Equipment Market for Industrial, By Region, 2015–2022 (USD Million)
Table 47 Cleaning Equipment Market for Aerospace & Defense, By Region, 2015–2022 (USD Million)
Table 48 Cleaning Equipment Market for Automotive, By Region, 2015–2022 (USD Million)
Table 49 Cleaning Equipment Market for Energy & Power, By Region, 2015–2022 (USD Million)
Table 50 Repair and Rework Equipment Market, By Region, 2015–2022 (USD Million)
Table 51 Repair and Rework Equipment Market for Telecommunication, By Region, 2015–2022 (USD Million)
Table 52 Repair and Rework Equipment Market for Consumer Electronics, By Region, 2015–2022 (USD Million)
Table 53 Repair and Rework Equipment Market for Aerospace & Defense, By Region, 2015–2022 (USD Million)
Table 54 Repair and Rework Equipment Market for Automotive, By Region, 2015–2022 (USD Million)
Table 55 Repair and Rework Equipment Market for Medical, By Region, 2015–2022 (USD Million)
Table 56 Repair and Rework Equipment Market for Industrial, By Region, 2015–2022 (USD Million)
Table 57 Repair and Rework Equipment Market for Energy & Power Systems, By Region, 2015-2020 (USD Million)
Table 58 Surface Mount Technology Market, By Application, 2015–2022 (USD Million)
Table 59 Surface Mount Technology Market for Consumer Electronics, By Region, 2015–2022 (USD Million)
Table 60 Surface Mount Technology Market for Telecommunication, By Region, 2015–2022 (USD Million)
Table 61 Surface Mount Technology Market for Aerospace and Defense, By Region, 2015–2022 (USD Million)
Table 62 Surface Mount Technology Market for Automotive, By Region, 2015–2022 (USD Million)
Table 63 Surface Mount Technology Market for Medical, By Region, 2015–2022 (USD Million)
Table 64 Surface Mount Technology Market for Industrial, By Region, 2015–2022 (USD Million)
Table 65 Surface Mount Technology Market for Energy and Power Systems, By Region, 2015–2022 (USD Million)
Table 66 Surface Mount Technology Market, By Region, 2015–2022 (USD Million)
Table 67 Surface Mount Technology Market in North America, By Country, 2015–2022 (USD Million)
Table 68 Surface Mount Technology Market in North America, By Application, 2015–2022 (USD Million)
Table 69 Surface Mount Technology Market in North America, By Equipment, 2015–2022 (USD Million)
Table 70 Surface Mount Technology Market in Europe, By Country, 2015–2022 (USD Million)
Table 71 Surface Mount Technology Market in Europe, By Equipment, 2015–2022 (USD Million)
Table 72 Surface Mount Technology Market in Europe, By Application, 2015–2022 (USD Million)
Table 73 Surface Mount Technology Market in APAC, By Country, 2015–2022 (USD Million)
Table 74 Surface Mount Technology Market in APAC, By Equipment, 2015–2022 (USD Million)
Table 75 Surface Mount Technology Market in APAC, By Application, 2015–2022 (USD Million)
Table 76 Surface Mount Technology Market in RoW, By Region, 2015–2022 (USD Million)
Table 77 Surface Mount Technology Market in RoW, By Equipment, 2015–2022 (USD Million)
Table 78 Surface Mount Technology Market in RoW, By Application, 2015–2022 (USD Million)
Table 79 Ranking of the Key Players in the Surface Mount Technology Market, 2016
Table 80 New Product Launches and Developments, 2015–2016
Table 81 Partnerships, Agreements, and Collaboration, 2015–2016
Table 82 Acquisitions, 2015–2016


List of Figures (103 Figures)

Figure 1 Surface Mount Technology Market Segmentation
Figure 2 Surface Mount Technology Market: Research Design
Figure 3 Surface Mount Technology Market: Bottom-Up Approach
Figure 4 Surface Mount Technology Market: Top-Down Approach
Figure 5 Data Triangulation
Figure 6 Assumptions for the Research Study
Figure 7 Surface Mount Technology Market for Inspection Equipment Expected to Grow at the Highest Rate During the Forecast Period
Figure 8 Consumer Electronics Application Expected to Hold the Largest Size of the Surface Mount Technology Market During the Forecast Period
Figure 9 Surface Mount Technology Market, By Region
Figure 10 Surface Mount Technology Market Expected to Have Huge Growth Opportunities in APAC
Figure 11 Market for Inspection Equipment Expected to Grow at A High CAGR Between 2017 and 2022
Figure 12 Consumer Electronics Industry Expected to Hold the Largest Share of the Surface Mount Technology Market in 2017
Figure 13 China Expected to Hold the Largest Share of the Surface Mount Technology Market in 2017
Figure 14 Surface Mount Technology Market, By Geography
Figure 15 Miniaturization of Consumer Electronics Products Expected to Drive the Surface Mount Technology Market
Figure 16 Timeline Depicting Average Dimensions of Mobile Phones Over the Years
Figure 17 Value Chain Analysis: Maximum Value Added During the Manufacturing and Assembly Stage
Figure 18 Surface Mount Technology Market: Porter’s Five Forces Analysis, 2016
Figure 19 High Impact of Bargaining Power of Buyers and Intensity of Competitive Rivalry
Figure 20 Impact of Intensity of Competitive Rivalry on the Surface Mount Technology Market in 2016
Figure 21 Impact of Threat of Substitutes on the Surface Mount Technology Market
Figure 22 Impact of Bargaining Power of Buyers on the Surface Mount Technology Market
Figure 23 Impact of Bargaining Power of Suppliers on the Surface Mount Technology Market
Figure 24 Impact of Threat of New Entrants on the Surface Mount Technology Market
Figure 25 SMT Type Resistor Circuits: Type I, C and D
Figure 26 Types of Capacitors in Surface Mount Technology
Figure 27 Size and Value Range
Figure 28 Classification of Smd Integrated Circuits
Figure 29 Surface Mount Technology Market, By Service
Figure 30 Phases in Design Process
Figure 31 Benefits of Prototype
Figure 32 Factors to Be Considered While Selecting the Surface Mount Components
Figure 33 Electronic Manufacturing Printed Circuit Board Using SMT
Figure 34 Surface Mount Technology Market, By Equipment
Figure 35 Placement Equipment to Lead the Surface Mount Technology Market Between 2017 and 2022
Figure 36 APAC Region to Dominate the Surface Mount Technology Market for Inspection Equipment Between 2017 and 2022
Figure 37 Market for Inspection Equipment in APAC Region Expected to Witness the Highest Growth Rate During the Forecast Period
Figure 38 Advantages of Laser Inspection Equipment
Figure 39 Comparison Between X-Ray and Optical Inspection
Figure 40 Types of Lighting Used in Optical Inspection Equipment
Figure 41 APAC Expected to Hold A Large Share of the Placement Equipment Market By 2022
Figure 42 Placement Equipment Market in APAC Expected to Witness the Highest Growth Rate During the Forecast Period
Figure 43 APAC to Hold A Large Market Share of the Energy and Power Systems Application of Placement Equipment
Figure 44 Share of Placement Equipment Based on Components Per Hour
Figure 45 Selection Criteria for Placement Equipment
Figure 46 Dual Delivery Placement Machine
Figure 47 Types of Soldering Equipment
Figure 48 APAC Expected to Witness the Highest Growth Rate in the Market for the Industrial Application of Soldering Equipment Between 2017 and 2022
Figure 49 Market for Soldering Equipment to Witness the Highest Growth Rate for the Medical Application in APAC
Figure 50 Reflow Soldering Thermal Profile
Figure 51 Screen Printing Equipment Market in APAC Expected to Grow at the Highest Rate in the Telecommunication Application
Figure 52 Screen Printing Equipment for Industrial Application in APAC Expected to Witness the Highest Growth Rate During the Forecast Period
Figure 53 APAC Region Expected to Dominate the Market for Cleaning Equipment During the Forecast Period
Figure 54 APAC Region Expected to Hold the Largest Share of the Market for Cleaning Equipment in the Telecommunication Application By 2022
Figure 55 Cleaning Equipment Market for the Automotive Application in APAC Expected to Grow at the Highest Rate During the Forecast Period
Figure 56 APAC Region to Hold the Largest Share of the Repair & Rework Equipment Market in 2017
Figure 57 SMT Market for Repair & Rework Equipment for Industrial Application in APAC Expected to Grow at the Highest Rate During the Forecast Period
Figure 58 Surface Mount Technology, By Application
Figure 59 Market for Consumer Electronics Application Expected to Grow at the Highest Rate During the Forecast Period
Figure 60 APAC Region Expected to Hold the Largest Share of the Market for Consumer Electronics in the Surface Mount Technology Market By 2022
Figure 61 APAC Expected to Witness the Highest Growth Rate Between 2017 and 2022 for the Telecommunication Application
Figure 62 Advantages of SMT Over Through-Hole Technology for A&D Application
Figure 63 APAC Expected to Exhibit High Growth in the Market for the Aerospace and Defense Application By 2022
Figure 64 APAC Region Likely to Drive the Surface Mount Technology Market for the Automotive Application By 2022
Figure 65 Surface Mount Technology Market for Medical Application in APAC Expected to Hold A Major Share By 2022
Figure 66 Medical Sub-Sectors Using SMT Applications
Figure 67 APAC Region Expected to Witness the Highest Growth Rate for Industrial Applications in the Surface Mount Technology Market During the Forecast Period
Figure 68 Energy and Power Systems Application in APAC Expected to Lead the Surface Mount Technology Market By 2022
Figure 69 Surface Mount Technology Market, By Geography
Figure 70 China is Expected to Grow at Highest CAGR During Forecast Period in Surface Mount Technology Market
Figure 71 APAC Region to Hold the Largest Market Size of the Surface Mount Technology By 2022
Figure 72 North America: Surface Mount Technology Market Snapshot
Figure 73 Surface Mount Technology Market in the U.S. Expected to Grow at the Highest Rate Between 2017 and 2022
Figure 74 Consumer Electronics Application to Hold the Largest Market Size in North America By 2022
Figure 75 Market for Placement Equipment in North America Expected to Hold the Largest Share During the Forecast Period
Figure 76 Surface Mount Technology Market in Germany Expected to Grow at the Highest Rate During the Forecast Period
Figure 77 Inspection Equipment Expected to Witness the Highest Growth Rate Between 2017 and 2022 in Europe
Figure 78 Consumer Electronics Application in Europe Expected to Lead the Surface Mount Technology Market By 2022
Figure 79 APAC: Surface Mount Technology Market Snapshot
Figure 80 China Expected to Dominate the Surface Mount Technology Market During the Forecast Period
Figure 81 Placement Equipment in APAC Expected to Lead the Market By 2022
Figure 82 Market for Consumer Electronics Application in APAC Expected to Grow at the Highest Rate During the Forecast Period
Figure 83 South America Expected to Hold the Largest Market Size for SMT in the RoW Region By 2022
Figure 84 Inspection Equipment in RoW Expected to Witness the Highest Growth Rate During the Forecast Period
Figure 85 Consumer Electronics in RoW Expected to Lead the Market During the Forecast Period
Figure 86 New Product Launches and Developments as the Key Growth Strategy Adopted By the Companies Between 2015 and 2016
Figure 87 Market Evolution Framework: New Product Launches and Developments Fuelled the Growth of the Surface Mount Technology Market
Figure 88 Battle for Market Share: New Product Launches and Developments Were the Key Strategies Between 2015 and 2016
Figure 89 Geographic Revenue Mix of Top Five Players (2016)
Figure 90 Fuji Machine Manufacturing Co., Ltd.: Company Snapshot
Figure 91 Fuji Machine Manufacturing Co., Ltd.: SWOT Analysis
Figure 92 Hitachi High-Technologies Corporation: Company Snapshot
Figure 93 Hitachi High-Technologies Corporation: SWOT Analysis
Figure 94 Mycronic AB : Company Snapshot
Figure 95 Mycronic AB: SWOT Analysis
Figure 96 Nordson Corporation: Company Snapshot
Figure 97 Nordson Corporation: SWOT Analysis
Figure 98 Orbotech Ltd. : Company Snapshot
Figure 99 Orbotech Ltd.: SWOT Analysis
Figure 100 Cyberoptics Corporation: Company Snapshot
Figure 101 Electro Scientific Industries, Inc.: Company Snapshot
Figure 102 Juki Corporation: Company Snapshot-
Figure 103 Viscom AG : Company Snapshot

The surface mount technology market is expected to be valued at USD 5.42 Billion by 2022, growing at a CAGR of 8.9% between 2017 and 2022. The growth of this market is propelled by the increased demand for miniaturized consumer electronics products and the increasing adoption of electric vehicles in the market

Placement equipment is expected to hold the largest share of the overall surface mount technology market in 2017. The SMT placement equipment market is driven by the need for higher accuracy, product miniaturization, improved speed, and flexibility. The SMT placement equipment is used to manufacture electronic systems in which electronic components are fitted with high speed and high accuracy on PCBs, which are then used in manufacturing consumer electronics and industrial equipment. The market for inspection equipment is expected to grow at the highest rate between 2017 and 2022. The inspection system is an important division of the assembly process and helps to manufacture a stable, high-quality product. As the PCB moves around on a placement machine, there is a possibility of components getting disoriented from their location. Hence, the equipment has to inspect for any errors and disorientation before passing the PCB through the soldering process.

The consumer electronics industry is expected to dominate the market during the forecast period and is expected to grow at a high CAGR. The increasing miniaturization of electronic devices is leading to the manufacturing of compact, multifunctional, and power-efficient consumer electronic devices. These are expected to overcome the hardware limitations for consumer electronics as they need to have a number of components placed in a limited amount of space, and also have to be reliable, safe, and long lasting. The market for the automotive industry is expected to grow at the highest rate. The growing demand for luxury vehicles, sports utility vehicles, and technologically advanced vehicles has increased the usage of electric components in the automotive industry. The large and growing automotive market in the APAC region offers numerous business opportunities for electronic component manufacturers. This leads to the increased use of SMT in the automotive application.

Building Automation Systems Market

APAC held the largest share of the overall surface mount technology market, and this market is expected to grow at the highest rate during the forecast period. The growing demand for mobile phones, LCD/LED television sets, LED and CFL lighting, and other consumer electronics products drives the SMT market in APAC. Additionally, the growing trend of miniaturization, higher production speed, and continuous introduction of new products further drives the need for SMT in this region.

Some of the key restraining factors for the surface mount technology market are high investment cost for setting up of production units, and the high frequency and need for thermal management act. The key market players, including Nordson Corporation (U.S.) and Fuji Machine Manufacturing Co., Ltd. (Japan), are focusing on strategies such as contracts, agreements, and partnerships to enhance their geographical presence and expand their business.

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