The global market for Surface Mount Technology (SMT) Equipment was estimated at US$4.3 Billion in 2024 and is projected to reach US$6.3 Billion by 2030, growing at a CAGR of 6.7% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. The report includes the most recent global tariff developments and how they impact the Surface Mount Technology (SMT) Equipment market.
The adoption of SMT equipment has revolutionized electronics manufacturing by enhancing production speed, reducing labor costs, and improving product reliability. SMT enables the production of compact and lightweight electronic devices, which are in high demand in consumer electronics, automotive, telecommunications, and medical devices industries. The ongoing trend towards miniaturization and the increasing complexity of electronic circuits have driven manufacturers to invest in advanced SMT equipment. Innovations such as 3D printing and automation in SMT processes have further streamlined production, enabling manufacturers to meet the growing demand for high-quality electronic products.
The growth in the SMT equipment market is driven by several factors. The rising demand for miniaturized and lightweight electronic devices in consumer electronics and automotive sectors is a significant driver. The continuous advancements in telecommunications, particularly with the rollout of 5G technology, require sophisticated and reliable electronic components, boosting the need for SMT equipment. Additionally, the increasing complexity of electronic circuits in various applications necessitates the use of advanced SMT equipment to ensure precision and efficiency. The trend towards Industry 4.0 and the integration of IoT in manufacturing processes also contribute to the market growth, as manufacturers seek to enhance production capabilities and maintain competitiveness.
Global Surface Mount Technology (SMT) Equipment Market to Reach US$6.3 Billion by 2030
The global market for Surface Mount Technology (SMT) Equipment estimated at US$4.3 Billion in the year 2024, is expected to reach US$6.3 Billion by 2030, growing at a CAGR of 6.7% over the analysis period 2024-2030. Consumer Electronics, one of the segments analyzed in the report, is expected to record a 6.4% CAGR and reach US$2.1 Billion by the end of the analysis period. Growth in the Telecommunications segment is estimated at 6.3% CAGR over the analysis period.Global Surface Mount Technology (SMT) Equipment Market - Key Trends & Drivers Summarized
Surface Mount Technology (SMT) equipment plays a critical role in the electronics manufacturing industry, allowing for the efficient placement of electronic components onto printed circuit boards (PCBs). Unlike traditional through-hole technology, SMT mounts components directly onto the surface of PCBs, enabling higher component density and miniaturization of electronic devices. SMT equipment includes a range of machines such as pick-and-place machines, soldering systems, screen printers, and inspection equipment. These machines work in tandem to ensure precise placement, soldering, and inspection of components, resulting in reliable and high-performance electronic assemblies.The adoption of SMT equipment has revolutionized electronics manufacturing by enhancing production speed, reducing labor costs, and improving product reliability. SMT enables the production of compact and lightweight electronic devices, which are in high demand in consumer electronics, automotive, telecommunications, and medical devices industries. The ongoing trend towards miniaturization and the increasing complexity of electronic circuits have driven manufacturers to invest in advanced SMT equipment. Innovations such as 3D printing and automation in SMT processes have further streamlined production, enabling manufacturers to meet the growing demand for high-quality electronic products.
The growth in the SMT equipment market is driven by several factors. The rising demand for miniaturized and lightweight electronic devices in consumer electronics and automotive sectors is a significant driver. The continuous advancements in telecommunications, particularly with the rollout of 5G technology, require sophisticated and reliable electronic components, boosting the need for SMT equipment. Additionally, the increasing complexity of electronic circuits in various applications necessitates the use of advanced SMT equipment to ensure precision and efficiency. The trend towards Industry 4.0 and the integration of IoT in manufacturing processes also contribute to the market growth, as manufacturers seek to enhance production capabilities and maintain competitiveness.
SCOPE OF STUDY:
The report analyzes the Surface Mount Technology (SMT) Equipment market in terms of units by the following Segments, and Geographic Regions/Countries:- Segments: Equipment Type (High-Speed Placement Equipment, Medium-Speed Placement Equipment, Low-Speed Placement Equipment, Automatic Screen Print Equipment, Semiautomatic Screen Print Equipment, Optical Inspection Equipment, X-Ray Inspection Equipment, Other Equipment Types); Application (Consumer Electronics, Telecommunications, Automotive, Medical, Industrial, Other Applications)
- Geographic Regions/Countries: World; USA; Japan; China; Europe; Asia-Pacific; South Korea; Taiwan; Rest of Asia-Pacific; Rest of World.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Consumer Electronics segment, which is expected to reach US$2.1 Billion by 2030 with a CAGR of a 6.4%. The Telecommunications segment is also set to grow at 6.3% CAGR over the analysis period.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Surface Mount Technology (SMT) Equipment Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Surface Mount Technology (SMT) Equipment Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Surface Mount Technology (SMT) Equipment Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of players such as Excelitas Technologies Corporation, ASM International NV, Electro Scientific Industries, Inc., CyberOptics Corporation, Accutron, Inc. and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Some of the 112 companies featured in this Surface Mount Technology (SMT) Equipment market report include:
- Excelitas Technologies Corporation
- ASM International NV
- Electro Scientific Industries, Inc.
- CyberOptics Corporation
- Accutron, Inc.
- AEM Components, Inc.
- Air-Vac Engineering Co., Inc.
- BTU International, Inc.
- Alco Holdings Ltd.
- EsiWelma Srl
- Fuji Machine Manufacturing Co., Ltd.
- Autotronik-SMT GmbH
- Florida CirTech
- Beijing Torch SMT Co., Ltd.
- Advanced Mechatronics Solutions, Inc.
This edition integrates the latest global trade and economic shifts as of June 2025 into comprehensive market analysis. Key updates include:
- Tariff and Trade Impact: Insights into global tariff negotiations across 180+ countries, with analysis of supply chain turbulence, sourcing disruptions, and geographic realignment. Special focus on 2025 as a pivotal year for trade tensions, including updated perspectives on the Trump-era tariffs.
- Adjusted Forecasts and Analytics: Revised global and regional market forecasts through 2030, incorporating tariff effects, economic uncertainty, and structural changes in globalization. Includes segmentation by product, technology, type, material, distribution channel, application, and end-use, with historical analysis since 2015.
- Strategic Market Dynamics: Evaluation of revised market prospects, regional outlooks, and key economic indicators such as population and urbanization trends.
- Innovation & Technology Trends: Latest developments in product and process innovation, emerging technologies, and key industry drivers shaping the competitive landscape.
- Competitive Intelligence: Updated global market share estimates for 2025, competitive positioning of major players (Strong/Active/Niche/Trivial), and refined focus on leading global brands and core players.
- Expert Insight & Commentary: Strategic analysis from economists, trade experts, and domain specialists to contextualize market shifts and identify emerging opportunities.
- Complimentary Update: Buyers receive a free July 2025 update with finalized tariff impacts, new trade agreement effects, revised projections, and expanded country-level coverage.
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISSOUTH KOREATAIWANREST OF ASIA-PACIFICREST OF WORLDIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
JAPAN
CHINA
EUROPE
ASIA-PACIFIC
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Excelitas Technologies Corporation
- ASM International NV
- Electro Scientific Industries, Inc.
- CyberOptics Corporation
- Accutron, Inc.
- AEM Components, Inc.
- Air-Vac Engineering Co., Inc.
- BTU International, Inc.
- Alco Holdings Ltd.
- EsiWelma Srl
- Fuji Machine Manufacturing Co., Ltd.
- Autotronik-SMT GmbH
- Florida CirTech
- Beijing Torch SMT Co., Ltd.
- Advanced Mechatronics Solutions, Inc.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 466 |
| Published | June 2025 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value ( USD | $ 4.3 Billion |
| Forecasted Market Value ( USD | $ 6.3 Billion |
| Compound Annual Growth Rate | 6.7% |
| Regions Covered | Global |
