Table of Contents
Surface Mount Technology Equipment Market – Introduction
The surface mount technology equipment market is likely to grow during the forecast period of 2017–2025, with industrial and automotive being the major segments for growth. This technology is a specific method that is used for the production of electronic circuits where components are mounted directly on the surface of printed circuit boards, or PCBs. Devices used for applications of these systems have extremely small components that usually contain shorter pins in different styles along with flat contacts or terminations in the body of the components.
This global market has been segmented on the basis of equipment type, application, and geography. This equipment has growing applications in the integrated circuit manufacturing industry. Along with this, the rise in demand for small gadgets and the growth of the semiconductor manufacturing industry have been some other factors that have contributed to the growth of this market globally.
Report Overview
| Aspect | Details |
|---|---|
| Base Year of Estimation | 2016 |
| Value Estimation Year | 2017 |
| Forecast Period | 2017 – 2025 |
| Market Segmentations | By Equipment Type, Application Areas, Regions |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa (MEA) and Latin America |
| Report Coverage | Market Dynamics, Segmentation Overview and Competitive Landscape of the market |
How Is The Market Segmented?
| By Term | Segments |
|---|---|
| By Equipment Type | Cleaning Equipment, Soldering Equipment, Inspection Equipment, Screen Printing Equipment and others |
| By Application Areas | Telecommunication, Medical, Consumer Electronics, Automotive, Industrial, Aerospace, Defense and others |
| By Regions | North America, Europe, Asia Pacific, Middle East & Africa, Latin America |
Who Are The Major Players In This Market?
| Headquarters | Corporations |
|---|---|
| Japan | Hitachi Corporation, Fuji Machine Manufacturing Co. Ltd & others |
| U.S. | Omron Corporation, KBC Electronics Inc., Nordson Corporation & others |
| Korea | Panasonic Corporation & others |
What Are the Driving Factors for Surface Mount Technology Equipment Market?
- Increasing demand for cost-effective ways for large scale mechanization.
- Increasing applications in printed circuit boards allowed manufacturers to produce printed circuit boards at a much lesser cost.
- Applications benefits the manufacturers in terms of weight and size as the components being extremely small making a significant reduction in the weight of the surface mount assembly.
- Growing applications across different industry verticals.
Market Dynamics
The growing demand for cost-effective methods of large-scale mechanization has been a major driver of this market’s global growth. The smaller number of holes that needed to be drilled in printed circuit boards allowed manufacturers to produce printed circuit boards at a much lower cost. Costs and budgets were reduced as compared to the through-hole manufacturing process, further pushing the demand and, in turn, enhancing the demand for this market. In addition to this, as compared to the other traditional methods, the components used for this technology are small and flexible enough to be used on either side of the circuit boards. Use of this technology also benefits the manufacturers in terms of its weight and size, with components being extremely small, making a significant reduction in the weight of the surface mount assembly. All these factors positively impact the demand for this market and form some of the major drivers for its growth.
Along with these drivers, there are certain restraints that negatively impact the demand for this market. Such factors include the usage of high voltage or high-power parts in the usage of surface mounting technology along with the high costs related to component repair as it requires highly skilled labour that further poses challenges for this market. It is also the growing applications across different industry verticals that are expected to provide opportunities for this market in the coming years.
Segmentation Overview
By Equipment Type
The global market for surface mount technology equipment on the basis of equipment type has been segmented into cleaning equipment, soldering equipment, inspection equipment, cleaning equipment, and screen printing equipment, among others.
- Cleaning Equipment,
- Soldering Equipment,
- Inspection Equipment,
- Screen Printing Equipment and others
By Application Areas
Telecommunication, medical, consumer electronics, automotive, industrial, aerospace and defense, among others, form the major application areas based on which the global market has been segmented. In 2016, there has been a high demand for small electronic components and devices that has boosted the demand for this market.
- Telecommunication,
- Medical,
- Consumer Electronics,
- Automotive,
- Industrial,
- Aerospace,
- Defense and others
By Regions
The market has been divided into five regions: North America, Europe, Asia Pacific, the Middle East and Africa (MEA), and Latin America. Asia-Pacific is expected to form the largest segment in terms of revenue and is expected to witness the highest growth during the forecast period. After Asia Pacific, North America and Europe are expected to be the other major regions that have contributed to the growth of this market globally.
- North America,
- Europe,
- Asia Pacific,
- Middle East & Africa,
- Latin America
Competitive Landscape
Some of the major companies that are operating in the global surface mount technology equipment market include Hitachi Corporation (Japan), Omron Corporation (U.S.), KBC Electronics Inc. (U.S.), Nordson Corporation (U.S.), Panasonic Corporation (Korea) and Fuji Machine Manufacturing Co. Ltd. (Japan), among others.
North America and Asia Pacific held the major shares of this market in 2016. Advancement in manufacturing facilities along with process automation have been some of the factors that have contributed to the growth of this market in these regions. As compared to Asia-Pacific, Europe and North America, the concentration of these service providers is comparatively low in Latin America and the Middle East and Africa (MEA), but is growing steadily in these regions as well.
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