The global market for Surface Mount Technology (SMT) Equipment is projected to reach US$ 5.6 billion by 2025, driven by technological innovations in next generation electronics, rising demand for mobile communication devices, need for speed and flexibility in electronics manufacturing, and rise in the number of electronic contract manufacturers. In the current age of electronics and digital revolution, chip architecture, production, design and packaging technologies remain important and lucrative. A host of factors are driving opportunities in key end-use industries with the most important of them being rise of smartphones as unified communication tools; ubiquitous use of radios, pagers, GPS instruments and Bluetooth devices; age of wireless networking; omnipresence of laptops/ultrabooks; growing base of connected devices; industrial automation and smart factory; integration of electronics in implants, surgical devices and diagnostic equipment; rise of telemedicine and robotic surgeries; commercialization of smart, connected and autonomous cars; development of Fly-By-Wire aircraft; and consumer IoT and emerging concept of smart connected appliances/homes. Other major factors driving growth include stable R&D investments in electronics packaging and chip design and architecture; continued focus on miniaturization of electronic components; and increased adoption of automation technologies for more efficient assembling and packaging of electronic sub-systems. Growing competition and the urgent need to increase manufacturing throughput and reduce time-to-market is helping drive strong adoption of advanced and highly efficient ‘pick & place' machines. Few of the benefits offered by SMT machines include detection of defects, lower risk of production re-runs and improved quality control and reduced board and material handling costs perfectly suited for electronics assembly and packaging. Asia-Pacific represents the largest and the fastest growing market worldwide with a CAGR of 8.2% over the analysis period, led by booming electronics contract manufacturing sector in Southeast Asian countries; emergence of Taiwan and South Korea as hubs for semiconductor production, innovation and excellence; and strong domestic demand for electronic products and solutions.
Select Competitors (Total 84 Featured):
Select Competitors (Total 84 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
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I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Impact of Covid-19 and a Looming Global Recession
- EXHIBIT 1: 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
- EXHIBIT 2: 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
- EXHIBIT 3: 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
- EXHIBIT 4: 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
- EXHIBIT 5: World SMT Equipment Market by Region (2020 & 2027): Percentage Breakdown of Sales for Developed and Developing Regions
- EXHIBIT 6: 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
- EXHIBIT 7: 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
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
- EXHIBIT 8: Global Consumer Electronics Market by Region (2020): Percentage Breakdown of Revenues for North America, Europe, Asia-Pacific (Incl. Japan), Middle East, and Latin America
- EXHIBIT 9: 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
- EXHIBIT 10: Global Market for Smartphones in Billions: 2016-2021
- EXHIBIT 11: Smartphone Penetration Rate as Share of Total Population: 2016-2021
- Transportation and Automotive Electronics
- EXHIBIT 12: World Automobile Production in Million Units: 2008-2022
- EXHIBIT 13: Automotive Electronics as a Percentage of Vehicle Production Cost for the Years 2010, 2020 & 2030
- Medical and Healthcare Devices
- Aerospace & Defense Equipment
- EXHIBIT 14: Commercial Airline Revenue Growth (in %) for 2010-2020
- EXHIBIT 15: Global Airlines Performance by Region: 2020 Vs 2019
- LED Components
- Emphasis on Automation Creates Conducive Environment for SMT Equipment
- EXHIBIT 16: 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
- EXHIBIT 17: 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
- EXHIBIT 18: Global Digital Transformation Spending (In US$ Trillion) for the Years 2019 through 2023
- Growing Adoption of IoT Augurs Well
- EXHIBIT 19: Global Number of IoT Connected Devices (In Billion Units) for the Years 2016, 2018, 2020, 2022 & 2025
- EXHIBIT 20: 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
- EXHIBIT 21: 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
- EXHIBIT 22: 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
III. MARKET ANALYSIS
- GEOGRAPHIC MARKET ANALYSIS
- UNITED STATES
- 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
- Market Analytics
- JAPAN
- Japan Continues to be a Lucrative Market for SMT Equipment
- Market Analytics
- CHINA
- Market overview
- Challenges Encountered by the Chinese PCB Market
- Market Analytics
- EUROPE
- 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
- Market Analytics
- ASIA-PACIFIC
- 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
- Market Analytics
- SOUTH KOREA
- TAIWAN
- REST OF ASIA-PACIFIC
- REST OF WORLD
IV. COMPETITION
- Total Companies Profiled: 106
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