Surface Mount Technology Market Report 2026

The surface mount technology market size has grown strongly in recent years. It will grow from $6.11 billion in 2025 to $6.66 billion in 2026 at a compound annual growth rate (CAGR) of 9%. The growth in the historic period can be attributed to early adoption of compact component technology, rise in consumer electronics production, growth in telecommunication hardware demand, advancement in pcb fabrication methods, adoption of automated manufacturing lines.

The surface mount technology market size is expected to see strong growth in the next few years. It will grow to $9.56 billion in 2030 at a compound annual growth rate (CAGR) of 9.5%. The growth in the forecast period can be attributed to expansion of iot device production, rising demand for electric vehicle electronics, growth in aerospace grade pcb requirements, increasing smart manufacturing adoption, surge in semiconductor packaging innovation. Major trends in the forecast period include increased automation in smt assembly, miniaturization of electronic components, rising adoption of high precision reflow soldering, growing use of automated optical inspection, expansion of high density pcb manufacturing.

The increasing demand for consumer electronics is anticipated to drive the growth of the surface-mount technology (SMT) market in the coming years. Consumer electronics encompass electronic devices intended for everyday, non-professional use by end-users, including devices for entertainment, communication, and recreation. Surface Mount Technology (SMT) enables designers to incorporate more functionality into smaller spaces, resulting in sleek smartphones, compact laptops, and slim TVs. For example, in May 2023, the Japan Electronics and Information Technology Industries Association, a Japan-based trade association, reported that total electronic equipment production in Japan reached $52,36,535 million (¥771,457 million). Consumer electronics production specifically reached $2.17 trillion (¥32,099 million) in May 2023, up from $1.71 trillion (¥25,268 million) in May 2022. Consequently, the rising demand for consumer electronics is fueling the expansion of the surface-mount technology market.

Prominent firms concentrate on developing innovative products employing advanced technologies such as surface mounters to ensure dependable customer services. A surface mounter is a machine automating the placement of surface-mount devices (SMDs) onto printed circuit boards (PCBs). For instance, in February 2023, Yamaha Motor, a Japan-based mobility manufacturer, launched the YRM20DL surface mounter, a high-efficiency modular system enhancing actual and per-unit area productivity. This dual-lane modular system minimizes transport and head standby loss, bolstering productivity within the surface mount technology landscape.

In September 2024, ASMPT Limited, a Singapore-based provider of semiconductor and electronics manufacturing solutions, collaborated with Tata Electronics Private Limited to enhance semiconductor assembly and packaging capabilities in India through the implementation of advanced Surface Mount Technology (SMT) solutions. This partnership allows ASMPT to reinforce its presence within the Indian semiconductor ecosystem and support the nation’s expanding electronics manufacturing sector by improving reliability and product quality. Tata Electronics Private Limited, based in India, specializes in precision manufacturing, semiconductor assembly, and electronics production services, with a focus on developing advanced, sustainable, and globally competitive manufacturing capabilities.

Major companies operating in the surface mount technology market are Hitachi High-Technologies Corporation, Panasonic Holdings Corporation, Assembleon Automation Hanwha Group, Fuji Corporation, Yamaha Motor Co Ltd, Nordson Corporation, Kulicke and Soffa Industries Inc., Speedline Technologies, ASM Assembly Systems GmbH & Co KG, Universal Instruments, Rayming Technology, Essemtec AG, CyberOptics Corporation, Juki Corporation, Aurotek Corporation, Electro Scientific Industries Inc., GPD Global, Europlacer, Koh Young Technology Inc., Electronic Manufacturing Services Group Inc., Viscom AG, Mycronic AB, SSM MYDATA Services, Zhejiang Neoden Technology Co Ltd, Kasdon Electronics Limited, Saki Corporation, DDM Novastar, Onetech Smt Solutions Private Limited.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Tariffs on electronic components, solder materials, and automation equipment have increased production costs within the surface mount technology market, particularly affecting component placement and inspection equipment imports across Asia and Europe. These tariffs have slowed capacity expansion for manufacturers reliant on global supply chains, while regions with strong local production capabilities have experienced fewer disruptions. At the same time, tariff pressures are encouraging domestic manufacturing investments, reshoring of assembly operations, and innovation in cost efficient smt processes.

The surface mount technology market research report is one of a series of new reports that provides surface mount technology market statistics, including surface mount technology industry global market size, regional shares, competitors with a surface mount technology market share, detailed surface mount technology market segments, market trends and opportunities, and any further data you may need to thrive in the surface mount technology industry. This surface mount technology market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Surface mount technology denotes a component assembly method for printed circuit boards, utilizing solder reflow operations to attach components to the board's surface. This technique, prevalent in electronic device manufacturing, offers advantages such as smaller component sizes, reduced interference, and high precision.

Surface mount technology relies on various equipment types including placement, inspection, coating, soldering, cleaning agents, and rework/repair equipment. Placement equipment is specialized for surface assembly, catering to transistors, diodes, and integrated circuits. These tools are utilized across industries such as telecommunications, consumer electronics, automotive, aerospace and defense, as well as healthcare for surface mount assembly processes.Asia-Pacific was the largest region in the surface mount technology market in 2025. Asia-Pacific is expected to be the fastest-growing region in the global surface mount technology market report during the forecast period. The regions covered in the surface mount technology market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the surface mount technology market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The surface mount technology market consists of revenues earned by entities by providing printed circuit board (PCB) assembly and inspection services. The market value includes the value of related goods sold by the service provider or included within the service offering. The surface mount technology market includes sales of monolithic ceramic capacitors, tantalum capacitors, and thick film resistors. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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