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
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- Complimentary updates for one year
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISREST OF ASIA-PACIFICREST OF WORLD
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)
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
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
- TAIWAN
IV. COMPETITION
- Total Companies Profiled: 83
Companies Mentioned
A selection of companies mentioned in this report includes:
- 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