Surface Mount Technology (SMT) Equipment - Global Market Trajectory & Analytics

Global Surface Mount Technology (SMT) Equipment Market to Reach $4.5 Billion by 2027

Amid the COVID-19 crisis, global market for Surface Mount Technology (SMT) Equipment estimated at US$3 Billion in the year 2020, is projected to reach a revised size of US$4.5 Billion by 2027, growing at a CAGR of 6.2% over the period 2020-2027. High-Speed Placement Equipment, one of the segments analyzed in the report, is projected to record a 7% CAGR and reach US$2 Billion by the end of the analysis period.

The U.S. Market is Estimated at $302.3 Million, While China is Forecast to Grow at 7.2% CAGR Surface Mount Technology (SMT) Equipment market in the U.S. is estimated at US$302.3 Million in the year 2020 and is forecast to reach US$431.7 Million growing at a CAGR of 5.2% over the period. China is forecast to reach a projected market size of US$2.1 Billion by the year 2027 trailing a CAGR of 7.2 % over the period 2020-2027. Among the other noteworthy geographic markets are Europe and Japan, each forecast to grow at 3.9% and 4.9% respectively over the analysis period.

Select Competitors (Total 83 Featured)

ASM Assembly Systems GmbH & Co. KG
CyberOptics Corporation
Electro Scientific Industries, Inc.
Fuji Corporation
Glenbrook Technologies, Inc.
Heller Industries, Inc.
Illinois Tool Works, Inc.
Juki Corporation
Koh Young Technology, Inc.
Kulicke & Soffa Pte Ltd.
Mycronic AB
Naprotek, Inc.
Nikon Metrology NV
Nordson DAGE
Omron Corporation
Orbotech, Ltd.
Panasonic Corporation
Saki Corporation
Teradyne, Inc.
Universal Instruments Corporation
Viscom AG
Yamaha Motor Co. Ltd.
YXLON International GmbH

What's New for 2022?

Global competitiveness and key competitor percentage market shares
Market presence across multiple geographies - Strong/Active/Niche/Trivial
Online interactive peer-to-peer collaborative bespoke updates
Access to a digital archives and Research Platform
Complimentary updates for one year

I. METHODOLOGYII. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

Influencer Market Insights
World Market Trajectories
Impact of Covid-19 and a Looming Global Recession
Percentage of Companies Impacted by Supply Chain Delays Due to COVID-19 Worldwide as of August 2020
Virus Led Economic Recession Impacts Prospects for Electronics Demand
World Economic Growth Projections (Real GDP, annual % Change) for 2019, 2020 & 2021
Surface Mount Technology (SMT): The Tech Primer
SMT: A Curtain Raiser
Surface Mounting: A Concise Overview of the Process
SMT Equipment: Product Overview
Introduction
Classification of SMT Equipment
SMT Screen Print Equipment
SMT Placement Equipment
SMT Soldering Equipment
SMT Cleaning Equipment
SMT Inspection Equipment
SMT Repair and Rework Equipment
SMT Equipment Markets: A Historic Backdrop
Surface Mount Technology (SMT): A Prelude
Surface Mount Technology (SMT) Equipment: Prospects and Outlook
Global Electronics Systems Market by End-Use Industry (2019E): Percentage Breakdown of Sales for Aerospace/Defense Electronics, Automotive Electronics, Communication Devices, Computers & Peripheral, Consumer Electronic Devices and Medical/Industrial Electronics
World Market for PCBs (2019E): Percentage Share Breakdown of Key End-Use Application Markets
Bright Prospects Ahead for SMT Equipment Market
Asia-Pacific Evolves into the Core Market for SMT Equipment
World SMT Equipment Market by Region (2020 & 2027): Percentage Breakdown of Sales for Developed and Developing Regions
World SMT Equipment Market - Geographic Regions Ranked by CAGR (Sales) for 2020-2027: China, Asia-Pacific, Latin America, Middle East, Africa, USA, Canada, Europe, and Japan
ECM Sector to Boost Demand for SMT Equipment in Asia-Pacific
China: Driving Force Behind Asia-Pacific's Stellar Performance
Competitive Landscape
Global Leading Vendors of SMT Equipment
Leading Players in World SMT Equipment Market (2019E): Percentage Breakdown of Revenues for ASM Assembly Systems, Fuji, Kulicke & Soffa, Panasonic, Yamaha Motor and Others
Vendors Resort to Novel Strategies to Gain Competitive Edge
Value Added Services Become Key Differentiator
Towards Consolidated Endeavors
Recent Market Activity
Surface Mount Technology (SMT) Equipment - Global Key Competitors Percentage Market Share in 2022 (E)
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

Uptrend in Electronics Manufacturing Boosts Market Prospects: Review of Primary End-Use Sectors for SMT Technology
SMT: Key Applications in Select End-Use Sectors
Consumer Electronics
Global Consumer Electronics Market by Region (2020): Percentage Breakdown of Revenues for North America, Europe, Asia-Pacific (Incl. Japan), Middle East, and Latin America
Global Home Audio Equipment Market (2020): Percentage Breakdown of Revenues for North America, Europe, Asia-Pacific (Incl. Japan), Middle East & Africa and Latin America
Telecommunication & Mobile Communication Devices
Global Market for Smartphones in Billions: 2016-2021
Smartphone Penetration Rate as Share of Total Population: 2016-2021
Transportation and Automotive Electronics
World Automobile Production in Million Units: 2008-2022
Automotive Electronics as a Percentage of Vehicle Production Cost for the Years 2010, 2020 & 2030
Medical and Healthcare Devices
Aerospace & Defense Equipment
Commercial Airline Revenue Growth (in %) for 2010-2020
Global Airlines Performance by Region: 2020 Vs 2019
LED Components
Emphasis on Automation Creates Conducive Environment for SMT Equipment
Global Industrial Automation Market by Sector (2019): Percentage Breakdown of Investments for Automotive, Chemical, Food Processing, Oil & Gas, Packaging, Pharmaceuticals, Plastic Manufacturing, Power, Textiles and Others
Evolving Role of ‘Smart Factory' to Fuel Sales of Fully Automated SMT Platforms
Industry 4.0 Promulgates the Smart Factory Concept
A Brief Glimpse of First, Second, Third, & Fourth Industrial Revolutions
Major Industry 4.0 Technologies: Global Market Size (US$ Billion) for Internet of Things (IoT), Big Data, Smart Factory, Advanced Analytics, Service Robotics, and Smart Machines for 2020
SMT Placement Equipment Make Gains
Robust Opportunities for SMT Screen Print Equipment
Market Drivers and Restraints for Various Screen-Printers
SMT Inspection Equipment Gain Traction
Technological Advancements
Package Complexity Drives Business Case
Shift from Manual to Sensor-based Inspection Systems
3D Inspection Systems Emerge in the Market
AOI Systems Explore New Opportunities
Productivity Optimization Drive Opens Ground for Next Generation AOIs
Second Generation AOI Control Solutions: Design is the Key for Success
Advances in X-Ray Inspection Systems Drive Efficiency
SMT Soldering Equipment Sees Strong Growth Prospects
Trend-Setting Technologies
R&D to Foster Growth
Lead-Free Solder: Emboldens Growth Opportunities
Slow But Steady Growth Opportunities for SMT Cleaning Equipment
Surging Demand for SMT Repair & Rework Equipment
Digital Transformation Drive Augurs Well for Future Growth of the Market
Global Digital Transformation Spending (In US$ Trillion) for the Years 2019 through 2023
Growing Adoption of IoT Augurs Well
Global Number of IoT Connected Devices (In Billion Units) for the Years 2016, 2018, 2020, 2022 & 2025
Global IoT Market (In US$ Billion) by Industry for the Years 2018 and 2022
Rise of Flexible Electronics to Extend Parallel Opportunities
Need for Speed & Flexibility in Electronics Manufacturing Spurs Growth
Next Generation Electronics Open up Novel Opportunities
Shrinking PCB Size Paints Brighter Prospects
High Performance Systems Emerge to Resolve SMT Challenges
Demand for ‘High-Mix' Equipment on Rise
Energy Efficient Equipment Come to the Fore
Machine Vision: A Stitch in Time
From OEMs to CEMs and EMS Providers: Changing Customer Profile
Electronic Contract Manufacturers: Key Consumer Segment of SMT Equipment
Global Electronic Contract Manufacturing Services Market by Region/ Country (2012, 2019 & 2024): Breakdown of Annual Revenue Figures (in US$ Billion) for US, Canada, Japan, Europe, Asia-Pacific, Latin America and Rest of World
ECMS Industry: Bitten by Pricing Pressures
Innovations and Advancements
Technological Innovations
Importance of Absolute Encoder in SMT Placement
Smart Feeder Technology
Focus on Responsive and Flexible Manufacturing Lines
Ensuring Lower Cost and Smaller Footprint
Select Recent Innovations
Challenges and Market Restraints
SMT: Not Completely Free of Defects
Defects in SMT: Percentage Share Breakdown of Error Categories
Purchase Cycles Reward But Also Retard Growth
Commoditization Kills Price Differentials
High Entry Barriers Hinder New Market Entrants
Skewed Customer Profile Strains the Margins
Used Equipment: The Threat is Real
High False Calls & Escape Rates Dent Investor Confidence
Alternative Technologies Curtail Demand for SMT Inspection Equipment
Price Sensitivity: A Major Challenge
Pricing Undercuts Market Leadership
Challenges Faced by Advanced Manufacturing Industry
Technology Challenges

4. GLOBAL MARKET PERSPECTIVE

Table 1: World Recent Past, Current & Future Analysis for High-Speed Placement Equipment by Geographic Region - USA, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
Table 2: World Historic Review for High-Speed Placement Equipment by Geographic Region - USA, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
Table 3: World 15-Year Perspective for High-Speed Placement Equipment by Geographic Region - Percentage Breakdown of Value Sales for USA, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2012, 2021 & 2027
Table 4: World Recent Past, Current & Future Analysis for Medium-Speed Placement Equipment by Geographic Region - USA, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
Table 5: World Historic Review for Medium-Speed Placement Equipment by Geographic Region - USA, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
Table 6: World 15-Year Perspective for Medium-Speed Placement Equipment by Geographic Region - Percentage Breakdown of Value Sales for USA, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2012, 2021 & 2027
Table 7: World Recent Past, Current & Future Analysis for Low-Speed Placement Equipment by Geographic Region - USA, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
Table 8: World Historic Review for Low-Speed Placement Equipment by Geographic Region - USA, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
Table 9: World 15-Year Perspective for Low-Speed Placement Equipment by Geographic Region - Percentage Breakdown of Value Sales for USA, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2012, 2021 & 2027
Table 10: World Recent Past, Current & Future Analysis for Automatic Screen Print Equipment by Geographic Region - USA, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
Table 11: World Historic Review for Automatic Screen Print Equipment by Geographic Region - USA, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
Table 12: World 15-Year Perspective for Automatic Screen Print Equipment by Geographic Region - Percentage Breakdown of Value Sales for USA, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2012, 2021 & 2027
Table 13: World Recent Past, Current & Future Analysis for Semiautomatic Screen Print Equipment by Geographic Region - USA, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
Table 14: World Historic Review for Semiautomatic Screen Print Equipment by Geographic Region - USA, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
Table 15: World 15-Year Perspective for Semiautomatic Screen Print Equipment by Geographic Region - Percentage Breakdown of Value Sales for USA, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2012, 2021 & 2027
Table 16: World Recent Past, Current & Future Analysis for Optical Inspection Equipment by Geographic Region - USA, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
Table 17: World Historic Review for Optical Inspection Equipment by Geographic Region - USA, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
Table 18: World 15-Year Perspective for Optical Inspection Equipment by Geographic Region - Percentage Breakdown of Value Sales for USA, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2012, 2021 & 2027
Table 19: World Recent Past, Current & Future Analysis for X-Ray Inspection Equipment by Geographic Region - USA, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
Table 20: World Historic Review for X-Ray Inspection Equipment by Geographic Region - USA, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
Table 21: World 15-Year Perspective for X-Ray Inspection Equipment by Geographic Region - Percentage Breakdown of Value Sales for USA, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2012, 2021 & 2027
Table 22: World Recent Past, Current & Future Analysis for Other Equipment Types by Geographic Region - USA, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
Table 23: World Historic Review for Other Equipment Types by Geographic Region - USA, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
Table 24: World 15-Year Perspective for Other Equipment Types by Geographic Region - Percentage Breakdown of Value Sales for USA, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2012, 2021 & 2027
Table 25: World Recent Past, Current & Future Analysis for Consumer Electronics by Geographic Region - USA, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
Table 26: World Historic Review for Consumer Electronics by Geographic Region - USA, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
Table 27: World 15-Year Perspective for Consumer Electronics by Geographic Region - Percentage Breakdown of Value Sales for USA, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2012, 2021 & 2027
Table 28: World Recent Past, Current & Future Analysis for Telecommunications by Geographic Region - USA, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
Table 29: World Historic Review for Telecommunications by Geographic Region - USA, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
Table 30: World 15-Year Perspective for Telecommunications by Geographic Region - Percentage Breakdown of Value Sales for USA, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2012, 2021 & 2027
Table 31: World Recent Past, Current & Future Analysis for Automotive by Geographic Region - USA, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
Table 32: World Historic Review for Automotive by Geographic Region - USA, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
Table 33: World 15-Year Perspective for Automotive by Geographic Region - Percentage Breakdown of Value Sales for USA, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2012, 2021 & 2027
Table 34: World Recent Past, Current & Future Analysis for Medical by Geographic Region - USA, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
Table 35: World Historic Review for Medical by Geographic Region - USA, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
Table 36: World 15-Year Perspective for Medical by Geographic Region - Percentage Breakdown of Value Sales for USA, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2012, 2021 & 2027
Table 37: World Recent Past, Current & Future Analysis for Industrial by Geographic Region - USA, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
Table 38: World Historic Review for Industrial by Geographic Region - USA, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
Table 39: World 15-Year Perspective for Industrial by Geographic Region - Percentage Breakdown of Value Sales for USA, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2012, 2021 & 2027
Table 40: World Recent Past, Current & Future Analysis for Other Applications by Geographic Region - USA, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
Table 41: World Historic Review for Other Applications by Geographic Region - USA, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
Table 42: World 15-Year Perspective for Other Applications by Geographic Region - Percentage Breakdown of Value Sales for USA, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2012, 2021 & 2027
Table 43: World Recent Past, Current & Future Analysis for Surface Mount Technology (SMT) Equipment by Geographic Region - USA, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
Table 44: World Historic Review for Surface Mount Technology (SMT) Equipment by Geographic Region - USA, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
Table 45: World 15-Year Perspective for Surface Mount Technology (SMT) Equipment by Geographic Region - Percentage Breakdown of Value Sales for USA, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2012, 2021 & 2027

III. MARKET ANALYSIS

UNITED STATES

Surface Mount Technology (SMT) Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)
US Remains a Significant Consumer of SMT Equipment Outside Asia
State of Electronics Manufacturing & Rising Demand for PCBs Favors Market Expansion
SMT Equipment Manufacturers to Focus on High-Value Offering
Strategic Employment of AOIs and AXIs to Brighten SMT Industry
Continued Relocation of US Electronics Manufacturing to Low Cost Destinations- Threat for Domestic SMT Market

JAPAN

Surface Mount Technology (SMT) Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E)
Japan Continues to be a Lucrative Market for SMT Equipment

CHINA

Surface Mount Technology (SMT) Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E)
Market overview
Challenges Encountered by the Chinese PCB Market

EUROPE

Surface Mount Technology (SMT) Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)
A Mature yet Growing Market
Nearshoring Trend to Revive Demand for European SMT Equipment Market in Coming Years
Revival in SMT Reflow Soldering Equipment Demand in Europe: A Case in Point

ASIA-PACIFIC

Surface Mount Technology (SMT) Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E)
Asia-Pacific: The Most Important Market for SMT Equipment
Snapshot of Electronics Industry in Asia-Pacific
Well Established ECM Industry to Drive Demand for SMT Equipment
Screen Print Equipment Market in Southeast Asia
R&D Investment by Asian Electronic Manufacturing Companies Shoots Up - Drives Focus on SMT Technologies
Price-based Competition

SOUTH KOREA