Surface Mount Technology Equipment Market Expected to Grow at the Rate of More than 8%

The global surface mount technology equipment market is expected to rise at a CAGR of 8% over the forecast period from 2016 to 2022, according to the latest research report published by Market Research Future (MRFR). The global surface mount technology equipment market is mainly driven by the growing demand for printed circuit boards in the automotive industry and consumer electronics. The global surface mount technology equipment market is expected to jump to a valuation of USD 4 billion by 2022, according to MRFR.

Surface mount technology equipment refers to the equipment used to attach printed circuit components onto the board rather than having to drill holes through the board to attach the components. This provides benefits in the form of the ability to mount components onto both surfaces, which can make the PCB significantly more powerful. Surface mount technology equipment uses various ways to attach the components onto printed circuit boards, including metal tabs that are soldered to the PCB.

The growing demand for printed circuit boards from the global automotive and consumer electronics industries is likely to be the major driver for the surface mount technology equipment market over the forecast period. The growing demand for consumer electronics has been a key feature of the global economy in the last few years, while the growing demand for automotive electronics and enhanced driver assistance systems has driven the demand for printed circuit boards in the automotive industry. The growing demand for smart car technology is likely to be a key driver for the global surface mount technology equipment market.

Competitive Analysis:

Leading players in the global surface mount technology equipment market include Orbotech Ltd., Hitachi High-Technologies Corporation, Nordson Corporation, Assembly Systems, Mycronic AB, Fuji Machine Manufacturing Co. Ltd., and CyberOptics Corporation.

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Segmentation:

The global surface mount technology equipment market is segmented on the basis of equipment, end use, component, and region.

By equipment, the global surface mount technology equipment market is segmented into pick and place, coating equipment, solder equipment, cleaning agents, and rework and repair equipment.

By end use, the global surface mount technology equipment market is segmented into telecommunication, consumer electronics, automotive, and medical.

By component, the global surface mount technology equipment market is segmented into passive surface mount devices, transistor & diodes, and integrated circuits.

Regional Analysis:

The global surface mount technology equipment market is segmented into North America, Europe, Asia Pacific, and rest of the world. Asia Pacific is likely to dominate the global surface mount technology equipment market over the forecast period due to the growing manufacturing sector in Asia Pacific and the steady growth of the automotive industry in the region, which has driven the demand for premium cars equipped with state-of-the-art electronics. The growing disposable income of consumer in Asia Pacific is likely to further compound this driver over the forecast period, driving the demand for surface mount technology from the automotive industry.

The growing consumer electronics manufacturing sector in Asia Pacific is also likely to play a key role in the growth of the surface mount technology equipment market over the forecast period. China, Japan, and South Korea have emerged as leading manufacturers of consumer electronics, including smartphones, laptops, as well as home appliances, leading to a growing demand for effective printed circuit boards. This is likely to be a key driver for the global surface mount technology equipment market over the forecast period.

Major Highlights of TOC Covers:

1. Executive Summary
2. Key Business Trends
3. Regional Trends and Growth
4. Product Trends
5. End-use Trends
6. Definition and Forecast Parameters
7. Surface mount technology equipment Market Segmentation
8. Surface mount technology equipment Market Landscape
9. Vendor Matrix
10. Company Profiles
11. Business Overview
12. Financial Data
13. Product Landscape
14. Strategic Outlook
15. SWOT Analysis
16. Regional Surface mount technology equipment Market Share
17. Country Surface mount technology equipment Market Share
18. Revenue and Sales Forecast

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Contact Us Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar, Pune - 411028 Maharashtra, India +1 646 845 9312 Email: sales@marketresearchfuture.com