Surface Mount Technology (SMT) Equipment Market Size
Surface Mount Technology (SMT) Equipment market is projected to reach US$ 9006.8 million in 2029, increasing from US$ 6470.1 million in 2022, with the CAGR of 4.8% during the period of 2023 to 2029.
Surface Mount Technology (SMT) Equipment Market
Surface-mount technology (SMT) is a method for producing electronic circuits in which the components are mounted or placed directly onto the surface of printed circuit boards (PCBs). An electronic device so made is called a surface-mount device (SMD).
Surface-mount technology (SMT) equipment in this report include placement equipment, printer equipment, reflow oven equipment, etc.
global Surface Mount Technology (SMT) Equipment market is projected to reach US$ 9006.8 million in 2029, increasing from US$ 6470.1 million in 2022, with the CAGR of 4.8% during the period of 2023 to 2029. Influencing issues, such as economy environments, COVID-19 and Russia-Ukraine War, have led to great market fluctuations in the past few years and are considered comprehensively in the whole Surface Mount Technology (SMT) Equipment market research.
In terms of manufacturers, the top 3 are Fuji, ASM Pacific Technology and Panasonic, with more than 50% market shares.
Asia Pacific is the largest consumption place, with a consumption market share about 55%.
On the basis of product type, placement equipment segment is projected to account for the largest value market share during the forecast period, this segment was estimated to account for 50% share in terms of value.
In the applications, consumer electronics segment was estimated to account for the highest market share of 30%. Automotive segment held 20% of the market.
This report, based on historical analysis (2018-2022) and forecast calculation (2023-2029), aims to help readers to get a comprehensive understanding of global Surface Mount Technology (SMT) Equipment market with multiple angles, which provides sufficient supports to readers’ strategy and decision making.
Segment by Type
- Placement Equipment
- Printer Equipment
- Reflow Oven Equipment
- Others
Segment by Application
- Consumer Electronics
- Telecommunications Equipment
- Automotive
- Medical Devices
- Others
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