Surface Mount Technology Equipment Market
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PUBLISHED: 2022 ID: SMRC21545
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Surface Mount Technology Equipment Market Forecasts to 2028 – Global Analysis By Equipment (Placement Equipment, Inspection Equipment, Cleaning Equipment), Component (Transistor and Diodes, Passive Surface Mount Devices, Integrated Circuits), End User (Telecommunication, Automotive, Consumer Electronics), and By Geography

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4.5 (82 reviews)
Published: 2022 ID: SMRC21545

This report covers the impact of COVID-19 on this global market
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According to Stratistics MRC, the Global Surface Mount Technology Equipment Market is accounted for $4.77 billion in 2021 and is expected to reach $9.42 billion by 2028 growing at a CAGR of 10.2% during the forecast period. Surface mount technology (SMT) equipment is the process of mounting electronic components onto a printed circuit board. This technology varies significantly from traditional soldering thru-hole technology. The components are usually very small and are attached to the surface of the PCB by using solder paste. SMT equipment is used in all types of electronics manufacturing, from large-scale assembly operations to consumer products. The initial costs are lower for these materials. Their applications provide better mechanical efficiency under conditions of shock and vibration.

Market Dynamics:

Driver:

Rising demand for miniaturized consumer electronics products


The increasing necessitate for miniaturized products has led to the expansion of smaller electrical components which occupy less area. This is merely probable when the hardware components of the devices, such as PCB, are little in size and can run effortlessly while integrating a numeral of components. The SMT helps in using and assembling much smaller components, hence facilitating a portable, smaller, and lightweight electronic device. It enables a very compact assembly of components on a printed circuit board using the obtainable space in the finest manner. Using the SMT method, both layers of the PCBs can be used for assembling and the final PCB area for the same circuits can be decreased by 50%. In addition, the demand for miniaturization in the electronics market as well as the rising intricacy of devices has led to the need for greater component density in any PCB assembly.

Restraint:

High frequency and need for thermal management


The designing of an electronic device is a complicated process as there are numerous factors that require to be considered while designing any electronic circuit, especially in the surface mount technology. The factors that require to be measured while designing the device comprise high-frequency applications and thermal management and pressure on PCB owing to coefficient of thermal expansion (CTE) mismatch.  Moreover, the factors that must be considered when designing for high-frequency applications, such as consumer electronics and telecommunications, include the cross talk noise between these lines, impedance of the signal lines on the packages, and inductance interconnects on the PCB. All factors together restrain the growth of the surface mount technology equipment market.

Opportunity:

Growing demand for LED lighting


LEDs have become an alternative light source to conventional incandescent and fluorescent bulbs. The lifespan and electrical efficiency of LED lightings is much higher than that of incandescent bulbs, and they are also more efficient than fluorescent bulbs. The electronics manufacturing industry is reaping the benefits of the features of LEDs such as small size and low power consumption. Compared with the conventional lighting technologies, LED components offer high brightness, power efficiency, and low carbon emissions. Most of the SMT placement equipment is capable of placing multiple components on a circuit board at one time. It helps in increasing the production rates and decreasing the labor costs as these equipment’s are automated and reduces the error during manufacturing, thus driving the growth of the SMT equipment market. Owing to the increased demand for LED lighting, the market for the surface mount technology equipment is also expected to grow in the near future.

Threat:

Challenges in surface mount technology equipment


Repairing products contrived using SMT equipment is complicated and requires highly skilled personnel and specialized tools. Greater packaging complexities (e.g. miniaturization and dual sided mounting) coupled with tightening soldering quality requirements are bolstering the demand for sophisticated inspection processes to ensure efficient product control and low overall repair costs. Inspection must be done while the process is happening and not just via testing after the SMT operation is complete. This ensures quality and improves yields, because issues are addressed sooner. Relying on real-time machine vision dramatically improves the accuracy of the placement and thus the quality of the packaging of surface mounted devices. Since every company must overcome the hurdle of high quality, it forces enterprises operating in the market to focus on product innovation to enjoy sustainable growth and competitive differentiation. Owing to the presence of significant entry barriers, the margins in this industry are very low.

The placement equipment segment is expected to be the largest during the forecast period

The placement equipment segment is estimated to have a lucrative growth, due to growing demand for printed circuit board (PCB) in smartphones. Placement equipment is used to place components on the printed circuit board assemblies. It can be either manually operated or automatically operated based on the requirement of the SMT equipment market. Moreover, the increasing trend towards automation in the electronics assembly process is likely to drive demand for placement equipment during the forecast period.

The consumer electronics segment is expected to have the highest CAGR during the forecast period

The consumer electronics segment is anticipated to witness the fastest CAGR growth during the forecast period, due to increasing adoption of innovative electronic products in day-to-day life for convenience, rising demand for smartphones and other consumer electronics, and growing integration of biometrics and security in consumer electronics devices. The high development which is responsible for the reduced size and weight of consumer electronics devices is the inclusion in these applications of surface mount technology. Surface mounted components are smaller, thinner and lighter than through-hole packages that use more space and power, and contribute significantly to the product's total weight. The transition towards electronic devices with high power consumption, such as smart home appliances and wearable technology, will also support the market growth in this segment.

Region with highest share:

Asia Pacific is projected to hold the largest market share during the forecast period, due to the huge number of consumers in the region, rise in sales of flex PCBs, thriving electronic contract manufacturing, the GDP growth, rapid urbanization and industrialization with an increased investment towards smart & efficient technology and increased per capita income, with most contributions coming from India, China, and Japan.

Region with highest CAGR:

Europe is projected to have the highest CAGR over the forecast period owing to the rising demand from end-use applications such as automotive and telecommunications, growth of hardware and manufacturing industry by supporting innovative start-ups, and rising trend of miniaturization of electronic components and electrification of vehicles. Countries such as the U.K, Poland, Belgium, are generating high demand for surface mount technology, due to rapid digitalization and flourishing electronics industry. Rising demand for electronic products ranging from smartphones and medical devices to wearables, laptops, computers and other consumer appliances will further expand the size of the Europe surface mount technology equipment market in the future.

Key players in the market

Some of the key players profiled in the Surface Mount Technology Equipment Market include CyberOptics Corporation, Nordson Corporation, Hitachi, Ltd., Electro Scientific Industries, Inc., Fuji Machine Manufacturing Co., Ltd., Mycronic AB, Illinois Tool Works, Inc., Nikon Metrology NV, Omron Corporation, Orbotech, Ltd., Panasonic Corporation, Teradyne, Inc., Viscom AG, Yamaha Motor Co. Ltd., Naprotek, Inc., Heller Industries, Inc., YXLON International GmbH, and Glenbrook Technologies, Inc.

Key Developments:

In April 2019, Panasonic Corporation announced that it had integrated welding solutions and surface mount technology (SMT) machine business into a single division that would be known as Smart Factory Solutions

In December 2016, Nordson introduced PureFlow Hoses with RediFlex II mounts that improve the adhesive performance of the product, thereby reducing material degradation. The hoses previously used by the customers were replaced by PureFlow Hoses to prevent unplanned downtime.

In August 2016, Electro Scientific Industries (ESI) launched two new processing systems, namely, Redstone and Lodestone flex processing system for delivering flexible printed circuit (FPC) solutions. This increased the product portfolio of laser-based PCB manufacturing solutions with low cost for integrated circuit (IC) packaging.

In March 2016, CyberOptics Corporation signed an agreement with Nordson YESTECH (U.S.) to supply its proprietary 3D multi-reflection suppression (MRS) sensors. This enabled the company to expand its customer base.

Equipments Covered:
• Placement Equipment
• Screen Printing Equipment
• Rework and Repair Equipment
• Inspection Equipment
• Cleaning Equipment
• Soldering Equipment
• Pick and Place
• Coating Equipment
• Dispenser Equipment

Components Covered:
• Transistor and Diodes
• Passive Surface Mount Devices
• Integrated Circuits

Products Covered:
• Light-Emitting Diode (LED) SMT Equipment
• Automatic SMT Equipment
• Multifunctional SMT Equipment

Types Covered:
• 4500-cph
• 36000-cph
• 77000-cph
• 84000-cph

Sales Channels Covered:
• Independent Reps/Distributors
• Direct Sales

End Users Covered:
• Telecommunication
• Automotive
• Industrial
• Consumer Electronics
• Medical
• Aerospace & Defense
• Energy & Power Systems
• Healthcare
• Computing & Storage
• Military

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary       
        
2 Preface   
    
 2.1 Abstract      
 2.2 Stake Holders      
 2.3 Research Scope      
 2.4 Research Methodology      
  2.4.1 Data Mining     
  2.4.2 Data Analysis     
  2.4.3 Data Validation     
  2.4.4 Research Approach     
 2.5 Research Sources      
  2.5.1 Primary Research Sources     
  2.5.2 Secondary Research Sources     
  2.5.3 Assumptions     
        
3 Market Trend Analysis       
 3.1 Introduction       
 3.2 Drivers      
 3.3 Restraints      
 3.4 Opportunities      
 3.5 Threats      
 3.6 Product Analysis      
 3.7 End User Analysis      
 3.8 Emerging Markets      
 3.9 Impact of Covid-19      
        
4 Porters Five Force Analysis        
 4.1 Bargaining power of suppliers      
 4.2 Bargaining power of buyers      
 4.3 Threat of substitutes      
 4.4 Threat of new entrants      
 4.5 Competitive rivalry      
        
5 Global Surface Mount Technology Equipment Market, By Equipment       
 5.1 Introduction      
 5.2 Placement Equipment      
  5.2.1 High-Speed Placement     
   5.2.1.1 Turret-Type    
   5.2.1.2 Dual-Delivery    
   5.2.1.3 Sequential Pick-And-Place    
   5.2.1.4 Multi-Station    
   5.2.1.5 Multi-Head    
  5.2.2 Medium-Speed Placement     
  5.2.3 Low-Speed Placement     
 5.3 Screen Printing Equipment      
  5.3.1 Manual Screen Printing     
  5.3.2 Semi-Automatic Screen Printing     
  5.3.3 Fully Automatic Screen Printing     
 5.4 Rework and Repair Equipment      
 5.5 Inspection Equipment      
  5.5.1 Optical/Automated Optical Inspection (AOI)     
  5.5.2 2D/3D     
  5.5.3 Laser/Solder Paste Inspection (SPI)     
  5.5.4 X-Ray/Automated X-Ray Inspection (AXI)     
 5.6 Cleaning Equipment      
 5.7 Soldering Equipment      
  5.7.1 Wave Soldering     
  5.7.2 Reflow Soldering     
  5.7.3 Selective Soldering     
 5.8 Pick and Place      
 5.9 Coating Equipment      
 5.10 Dispenser Equipment      
  5.10.1 Off-line Dispenser     
  5.10.2 In-line Dispenser     
        
6 Global Surface Mount Technology Equipment Market, By Component       
 6.1 Introduction      
 6.2 Transistor and Diodes      
 6.3 Passive Surface Mount Devices      
  6.3.1 Resistor     
  6.3.2 Capacitor     
 6.4 Integrated Circuits      
        
7 Global Surface Mount Technology Equipment Market, By Product       
 7.1 Introduction      
 7.2 Light-Emitting Diode (LED) SMT Equipment      
 7.3 Automatic SMT Equipment      
 7.4 Multifunctional SMT Equipment      
        
8 Global Surface Mount Technology Equipment Market, By Type       
 8.1 Introduction      
 8.2 4500-cph      
 8.3 36000-cph      
 8.4 77000-cph      
 8.5 84000-cph      
        
9 Global Surface Mount Technology Equipment Market, By Sales Channel       
 9.1 Introduction      
 9.2 Independent Reps/Distributors      
 9.3 Direct Sales      
        
10 Global Surface Mount Technology Equipment Market, By End User       
 10.1 Introduction      
 10.2 Telecommunication      
 10.3 Automotive      
 10.4 Industrial      
 10.5 Consumer Electronics      
 10.6 Medical      
 10.7 Aerospace & Defense      
 10.8 Energy & Power Systems      
 10.9 Healthcare      
 10.10 Computing & Storage       
 10.11 Military      
        
11 Global Surface Mount Technology Equipment Market, By Geography       
 11.1 Introduction      
 11.2 North America      
  11.2.1 US     
  11.2.2 Canada     
  11.2.3 Mexico     
 11.3 Europe      
  11.3.1 Germany     
  11.3.2 UK     
  11.3.3 Italy     
  11.3.4 France     
  11.3.5 Spain     
  11.3.6 Rest of Europe     
 11.4 Asia Pacific      
  11.4.1 Japan     
  11.4.2 China     
  11.4.3 India     
  11.4.4 Australia     
  11.4.5 New Zealand     
  11.4.6 South Korea     
  11.4.7 Rest of Asia Pacific     
 11.5 South America      
  11.5.1 Argentina     
  11.5.2 Brazil     
  11.5.3 Chile     
  11.5.4 Rest of South America     
 11.6 Middle East & Africa      
  11.6.1 Saudi Arabia     
  11.6.2 UAE     
  11.6.3 Qatar     
  11.6.4 South Africa     
  11.6.5 Rest of Middle East & Africa     
        
12 Key Developments       

 12.1 Agreements, Partnerships, Collaborations and Joint Ventures      
 12.2 Acquisitions & Mergers      
 12.3 New Product Launch      
 12.4 Expansions      
 12.5 Other Key Strategies      
        
13 Company Profiling       
 13.1 CyberOptics Corporation      
 13.2 Nordson Corporation      
 13.3 Hitachi, Ltd.      
 13.4 Electro Scientific Industries, Inc.      
 13.5 Fuji Machine Manufacturing Co., Ltd.      
 13.6 Mycronic AB      
 13.7 Illinois Tool Works, Inc.      
 13.8 Nikon Metrology NV      
 13.9 Omron Corporation      
 13.10 Orbotech, Ltd.      
 13.11 Panasonic Corporation      
 13.12 Teradyne, Inc.      
 13.13 Viscom AG      
 13.14 Yamaha Motor Co. Ltd.      
 13.15 Naprotek, Inc.      
 13.16 Heller Industries, Inc.      
 13.17 YXLON International GmbH      
 13.18 Glenbrook Technologies, Inc.      


List of Tables        
1 Global Surface Mount Technology Equipment Market Outlook, By Region (2020-2028) ($MN)       
2 Global Surface Mount Technology Equipment Market Outlook, By Equipment (2020-2028) ($MN)       
3 Global Surface Mount Technology Equipment Market Outlook, By Placement Equipment (2020-2028) ($MN)       
4 Global Surface Mount Technology Equipment Market Outlook, By High-Speed Placement (2020-2028) ($MN)       
5 Global Surface Mount Technology Equipment Market Outlook, By Medium-Speed Placement (2020-2028) ($MN)       
6 Global Surface Mount Technology Equipment Market Outlook, By Low-Speed Placement (2020-2028) ($MN)       
7 Global Surface Mount Technology Equipment Market Outlook, By Screen Printing Equipment (2020-2028) ($MN)       
8 Global Surface Mount Technology Equipment Market Outlook, By Manual Screen Printing (2020-2028) ($MN)       
9 Global Surface Mount Technology Equipment Market Outlook, By Semi-Automatic Screen Printing (2020-2028) ($MN)       
10 Global Surface Mount Technology Equipment Market Outlook, By Fully Automatic Screen Printing (2020-2028) ($MN)       
11 Global Surface Mount Technology Equipment Market Outlook, By Rework and Repair Equipment (2020-2028) ($MN)       
12 Global Surface Mount Technology Equipment Market Outlook, By Inspection Equipment (2020-2028) ($MN)       
13 Global Surface Mount Technology Equipment Market Outlook, By Optical/Automated Optical Inspection (AOI) (2020-2028) ($MN)       
14 Global Surface Mount Technology Equipment Market Outlook, By 2D/3D (2020-2028) ($MN)       
15 Global Surface Mount Technology Equipment Market Outlook, By Laser/Solder Paste Inspection (SPI) (2020-2028) ($MN)       
16 Global Surface Mount Technology Equipment Market Outlook, By X-Ray/Automated X-Ray Inspection (AXI) (2020-2028) ($MN)       
17 Global Surface Mount Technology Equipment Market Outlook, By Cleaning Equipment (2020-2028) ($MN)       
18 Global Surface Mount Technology Equipment Market Outlook, By Soldering Equipment (2020-2028) ($MN)       
19 Global Surface Mount Technology Equipment Market Outlook, By Wave Soldering (2020-2028) ($MN)       
20 Global Surface Mount Technology Equipment Market Outlook, By Reflow Soldering (2020-2028) ($MN)       
21 Global Surface Mount Technology Equipment Market Outlook, By Selective Soldering (2020-2028) ($MN)       
22 Global Surface Mount Technology Equipment Market Outlook, By Pick and Place (2020-2028) ($MN)       
23 Global Surface Mount Technology Equipment Market Outlook, By Coating Equipment (2020-2028) ($MN)       
24 Global Surface Mount Technology Equipment Market Outlook, By Dispenser Equipment (2020-2028) ($MN)       
25 Global Surface Mount Technology Equipment Market Outlook, By Off-line Dispenser (2020-2028) ($MN)        
26 Global Surface Mount Technology Equipment Market Outlook, By In-line Dispenser (2020-2028) ($MN)       
27 Global Surface Mount Technology Equipment Market Outlook, By Component (2020-2028) ($MN)       
28 Global Surface Mount Technology Equipment Market Outlook, By Transistor and Diodes (2020-2028) ($MN)       
29 Global Surface Mount Technology Equipment Market Outlook, By Passive Surface Mount Devices (2020-2028) ($MN)       
30 Global Surface Mount Technology Equipment Market Outlook, By Resistor (2020-2028) ($MN)       
31 Global Surface Mount Technology Equipment Market Outlook, By Capacitor (2020-2028) ($MN)       
32 Global Surface Mount Technology Equipment Market Outlook, By Integrated Circuits (2020-2028) ($MN)       
33 Global Surface Mount Technology Equipment Market Outlook, By Product (2020-2028) ($MN)       
34 Global Surface Mount Technology Equipment Market Outlook, By Light-Emitting Diode (LED) SMT Equipment (2020-2028) ($MN)       
35 Global Surface Mount Technology Equipment Market Outlook, By Automatic SMT Equipment (2020-2028) ($MN)       
36 Global Surface Mount Technology Equipment Market Outlook, By Multifunctional SMT Equipment (2020-2028) ($MN)       
37 Global Surface Mount Technology Equipment Market Outlook, By Type (2020-2028) ($MN)       
38 Global Surface Mount Technology Equipment Market Outlook, By 4500-cph (2020-2028) ($MN)       
39 Global Surface Mount Technology Equipment Market Outlook, By 36000-cph (2020-2028) ($MN)       
40 Global Surface Mount Technology Equipment Market Outlook, By 77000-cph (2020-2028) ($MN)       
41 Global Surface Mount Technology Equipment Market Outlook, By 84000-cph (2020-2028) ($MN)       
42 Global Surface Mount Technology Equipment Market Outlook, By Sales Channel (2020-2028) ($MN)       
43 Global Surface Mount Technology Equipment Market Outlook, By Independent Reps/Distributors (2020-2028) ($MN)       
44 Global Surface Mount Technology Equipment Market Outlook, By Direct Sales (2020-2028) ($MN)       
45 Global Surface Mount Technology Equipment Market Outlook, By End User (2020-2028) ($MN)       
46 Global Surface Mount Technology Equipment Market Outlook, By Telecommunication (2020-2028) ($MN)       
47 Global Surface Mount Technology Equipment Market Outlook, By Automotive (2020-2028) ($MN)       
48 Global Surface Mount Technology Equipment Market Outlook, By Industrial (2020-2028) ($MN)       
49 Global Surface Mount Technology Equipment Market Outlook, By Consumer Electronics (2020-2028) ($MN)       
50 Global Surface Mount Technology Equipment Market Outlook, By Medical (2020-2028) ($MN)       
51 Global Surface Mount Technology Equipment Market Outlook, By Aerospace & Defense (2020-2028) ($MN)       
52 Global Surface Mount Technology Equipment Market Outlook, By Energy & Power Systems (2020-2028) ($MN)       
53 Global Surface Mount Technology Equipment Market Outlook, By Healthcare (2020-2028) ($MN)       
54 Global Surface Mount Technology Equipment Market Outlook, By Computing & Storage (2020-2028) ($MN)       
55 Global Surface Mount Technology Equipment Market Outlook, By Military (2020-2028) ($MN)       
        
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.        
        

 

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