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SMT Placement Equipment Market - Rebounding Opportunities and Product Innovations Spurs Growth in SMT Placement Market
Frost & Sullivan, Aug 2011, Pages: 150
The SMT placement equipment market has regained the momentum it enjoyed prior to 2009. The market is now benefiting from significantly improved demand in vertical markets that are experiencing strong growth and from emerging regions. This study provides an in-depth analysis on SMT placement equipment market and best practices that are the cornerstone for success. This analysis includes market dynamics such as: drivers, restraints, industry challenges, revenue and unit shipment forecasts, demand analysis, geographic breakdown of revenues, distribution analysis, pricing trends, and competitive analysis.
Overview
- The SMT placement market is rebounding from the recent economic downturn. The market is now trending as it was prior to the economic downturn in 2009. The market earned a revenue of $x,xxx.x million in 2010. The compound annual growth rate (CAGR) is expected to be x.x percent during the forecast period and generate $x,xxx.x million by 2017.
- The increasing global manufacturing capacity, available funds to purchase equipment, and new product enhancements and features are key drivers for this growth. The other drivers for increased demand are flexibility, speed, and improved accuracy of placing components.
- The market is also returning to pre-2008 capacity utilization levels, when the capacity rates were xx percent to xx percent for several companies. Depending on utilization and maintenance levels, customers are achieving a positive return on investment (ROI) within one to two years, thus increasing demand for SMT placement equipment.
- The SMT placement equipment market is benefiting from an increased focus on product innovation and component miniaturization for smart phones and tablets. Equipment manufacturers are strengthening their product portfolios with strong value-added offerings and software solutions to place smaller sized components.
- Customers are stringent with their service requirements. Maximizing output with minimum equipment cost and reduced machine downtime has become the norm in the industry. The need for immediate service response, diagnostics, and availability of parts will continue to play a crucial role in determining the competitive advantage for companies that participate in the SMT placement equipment market.
- The SMT placement equipment market is expected to remain competitive. While price sensitivity should heighten, the demand for high-end equipment and technology innovation is anticipated to offset the impact of price pressures to a small degree.
- Strategic alliances and mergers and acquisitions will be on the rise as equipment manufacturers compete. Equipment manufacturers will broaden their product portfolios to elevate their market presence.
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