Surface Mount Technology (SMT) Equipment Market Size, Share, Growth, and Industry Analysis, By Type (placement equipment, printer equipment, reflow oven equipment and others), By Downstream Industry (consumer electronics, medical, automotive, telecommunications equipment and others) and Regional Forecast to 2032

Updated On: 04 November 2024

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SURFACE MOUNT TECHNOLOGY (SMT) EQUIPMENT MARKET REPORT OVERVIEW

The Surface Mount Technology (SMT) Equipment Market Size was Valued at US$ 387.1 Million in 2023. The Market is likely to Surpass US$ 616.84 Million by 2032 at a CAGR of 4.77% During the Forecast period [2024-2032].

The SMT equipment market refers to the equipment and machines that are used for joining the digital additives onto the printed circuit boards (PCBs), excluding via-holes. This technology allows admission for excessive-density, reliable, and value-effective production of electronics. There are solder paste printers, choose-and-region machines, reflow ovens, and inspection structures working in the marketplace. Thus, the market is growing with the help of a growing demand for customer electronics; automobile programs, and smart gadgets. Technological factors are considered important principles that include miniaturization of additives, technological enhancements, mechanization of production. Competition management includes aspects such as innovation, cost accompanied by enhanced abilities integrated in an optimum manner for better total performance and accuracy.

COVID-19 Impact: Market Growth Restrained by Pandemic due to Shortages of Critical Components and Delays in Manufacturing

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

The COVID-19 pandemic significantly impacted the surface mount technology (SMT) equipment market growth by means of disrupting deliver chains, main to shortages of critical components and delays in manufacturing. Lockdowns and social distancing measures affected production capacities and logistics. Additionally, decreased customer demand in some sectors and expanded demand in others, consisting of scientific devices, induced market fluctuations. However, the pandemic also extended the adoption of SMT in diverse programs, which includes healthcare and electronics, as organizations sought to evolve to converting conditions. Overall, while the pandemic supplied challenges, it additionally highlighted the significance of SMT technology in numerous industries.

LATEST TRENDS

"Proliferation of IoT Gadgets and Wearables Era Remain an Essential Marketplace Trend"

The proliferation of IoT gadgets and wearable era is substantially using the demand for surface mount technology (SMT). IoT gadgets and wearables, known for their light-weight and compact designs, advantage from SMT's potential to vicinity small components immediately at the PCB floor, enhancing area efficiency and reducing device size. These gadgets require the combination of sensors, microcontrollers, and wireless modules on a single PCB, which SMT allows through excessive-density integration. As technological advancements and purchaser adoption of IoT and wearables develop, SMT's role in green and compact PCB assembly will remain an essential marketplace trend.

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SURFACE MOUNT TECHNOLOGY (SMT) EQUIPMENT MARKET SEGMENTATION

By Type

Based on type the market can be categorized into placement equipment, printer equipment, reflow oven equipment and others.

• Placement Equipment: Placement device, also known as pick-and-place machines, is used to correctly area surface-mount devices (SMDs) onto the PCB. These machines select components from reels or trays and vicinity them onto the PCB in predefined positions.
• Printer Equipment: Printer system is used to use solder paste to the PCB. Solder paste, a mixture of powdered solder and flux, is critical for attaching SMDs all through the reflow soldering method.

• Reflow Oven Equipment: Reflow ovens are used to melt the solder paste, growing electric and mechanical bonds among the SMDs and the PCB. The board is heated in a controlled way to reap right soldering.
• Others: This class includes various other varieties of equipment that support the SMT technique, ensuring the satisfactory and efficiency of PCB meeting.

By Downstream Industry

Based on downstream industry the market can be categorized into consumer electronics, medical, automotive, telecommunications equipment and others.

• Consumer Electronics: In consumer electronics, SMT gadget is used to assemble components on printed circuit boards (PCBs) for devices which include smartphones, pills, laptops, and televisions.

• Medical: The medical industry relies on SMT equipment to produce reliable and compact digital assemblies used in scientific devices consisting of diagnostic machines, affected person monitors, and wearable health devices.

• Automotive: In the automotive area, SMT equipment is used for assembling electronic components in motors, consisting of those for advanced motive force assistance systems (ADAS), infotainment systems, and control devices.

• Telecommunications Equipment: Telecommunications equipment, consisting of community routers, switches, and base stations, makes use of SMT gadget for assembling complicated PCBs that take care of high-velocity facts transmission and signal processing.

• Others: In different sectors, SMT gadget is implemented in industries together with industrial electronics, aerospace, and defense. Each of those sectors calls for specialized SMT solutions tailor-made to their particular needs, which include improved reliability, resistance to extreme situations, or compliance with rigorous requirements.

DRIVING FACTORS

"Technological Improvements in SMT Equipment to Fuel the Market Growth"

Technological improvements in SMT equipment, which includes superior automation, precision, and pace, are important for market increase. Innovations like superior pick-and-place systems, stepped forward soldering technologies, and automatic inspection strategies substantially enhance overall performance and performance. These developments enable manufacturers to address smaller, extra complex components with higher accuracy and quicker manufacturing charges. As digital gadgets become more compact and complex, the demand for stylish SMT system that offers accelerated reliability and productivity rises. The continuous evolution of SMT generation is essential for assembly the developing demands of current electronics production.

"Aerospace and Defense Industries Demand Contribute to Market Boom"

The aerospace and defense industries demand exceptionally dependable and precise digital components, notably contributing to the boom of the SMT equipment market. These sectors depend upon superior digital assemblies for venture-essential programs, in which failure isn't always an option. SMT era gives the precision and reliability wished for components used in avionics, navigation systems, communique devices, and defense device. As those industries retain to innovate and increase more state-of-the-art technologies, the demand for brilliant SMT system rises. This ensures the manufacturing of long lasting and green digital additives, using market boom in those sectors.

RESTRAINING FACTOR

"Economic Instability or Downturns to Drastically Effect the Marketplace"

Economic instability or downturns can drastically have an effect on the SMT system marketplace, as reduced investments in new system and technology regularly observe. During periods of monetary uncertainty, groups might also prioritize value-saving measures and end up hesitant to decide to tremendous capital fees. This caution can result in delays or cancellations of planned upgrades or expansions of producing centers, immediately impacting the call for for SMT equipment. Additionally, a slowdown in customer spending on digital goods further reduces the want for brand spanking new production capabilities. Consequently, the boom of the SMT gadget market may additionally stall as organizations undertake a wait-and-see approach, maintaining resources till monetary situations improve. This cyclic nature of financial impact underscores the significance of stable monetary environments for sustained market boom.

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SURFACE MOUNT TECHNOLOGY (SMT) EQUIPMENT MARKET REGIONAL INSIGHTS

The market is primarily segregated into Europe, Latin America, Asia Pacific, North America, and Middle East & Africa.

"Asia Pacific to Dominate the Market due to Supportive Authorities Guidelines and Incentives"

Asia Pacific ruled the worldwide surface mount technology (SMT) equipment market share with over 35% proportion in 2022, pushed by using its sturdy electronics manufacturing region. Countries such as China, Japan, South Korea, and Taiwan, with their considerable networks of electronics corporations, providers, and contractors, closely utilize SMT for PCB assembly. The place's call for smartphones, capsules, TVs, and sport consoles is fueled by way of a rising center elegance and multiplied disposable earning. SMT era supports green and price-effective production of those devices. Additionally, supportive authorities guidelines and incentives further boost investments in SMT, fostering marketplace boom.

KEY INDUSTRY PLAYERS

"Key Players Force the Industry with Modern-Day Solutions and Technological Improvements "

The surface mount technology (SMT) equipment market functions key industry gamers including Fuji Machine Manufacturing Co., Ltd. gives high-precision SMT gadget famend for its efficiency and versatility. Panasonic Corporation affords a range of SMT machines with superior automation capabilities. Juki Corporation is diagnosed for its high-speed and excessive-accuracy select-and-place machines. Other incredible players include Universal Instruments, contributing considerable improvements in SMT era and automation. These corporations force the industry with modern-day solutions and technological improvements.

LIST OF MARKET PLAYERS PROFILED

• Evest Corporation (Taiwan)
• Universal Instruments (U.S.)
• Versatec (U.S.)
• Yamaha Motor (Japan)
• JUKI(Japan)
• Fuji Machine Mfg (Japan)
• Mirae (South Korea)
• BTU International (U.S.)
• GKG(Singapore)
• Panasonic (Japan)
• Mycronic (Sweden)
• Hanwha Precision Machinery (South Korea)
• Europlacer (U.K.)

INDUSTRIAL DEVELOPMENT

December,2022: Linx Technologies, a division of TE Connectivity, has added the ANT-GNL1-nSP, a modern-day surface-mount embedded GNSS antenna, improving its Splatch antenna series. This new antenna helps a comprehensive range of satellite tv for pc navigation structures, inclusive of GPS, GLONASS, Galileo, QZSS, and Beidou, across the L1/E1/B1 frequency bands. Designed for strong performance and compact integration, the ANT-GNL1-nSP promises particular and dependable positioning information, making it ideal for quite a few applications requiring correct global navigation. This launch underscores Linx's dedication to advancing antenna technology and assembly the evolving demands of GNSS packages.

REPORT COVERAGE

This report offers a comprehensive overview of the global surface mount technology (SMT) Equipment market, inspecting its segmentation with the aid of product kind, downstream industry, and area. It provides key information points including income, sales, and increase charges to demonstrate the contemporary market reputation and future developments. The analysis covers numerous product sorts consisting of pick-and-place machines, reflow ovens, and solder paste printers, and explores their applications throughout downstream industries such as consumer electronics, scientific gadgets, automobile, and telecommunications device. Regional insights spotlight variations in market dynamics throughout key regions. The report gives an intuitive exam of how the SMT Equipment marketplace is evolving, emphasizing growth opportunities, emerging developments, and capability demanding situations in every phase and place.