Surface Mount Technology Market
Surface Mount Technology Market Size, Share & Trends Analysis Report by Equipment (Placement Equipment, Inspection Equipment, Coating Equipment, Solder Equipment, Cleaning Equipment, Screen Printing Equipment and Others), by Component (Transistor & Diodes, Integrated Circuits and Chip Resistor), and by End Users (Telecommunication, Consumer electronics, Automotive, Aerospace & Defense, Pharmaceutical and Medical Devices, Energy and Power Systems, Industrial and Others), Forecast Period (2023-2030) Update Available - Forecast 2024-2030
Surface mount technology market is anticipated to grow at a CAGR of 7.7% during the forecast period (2023-2030). Surface mount technology supports manufacturing automation that reduces cost and improves quality. The growing adoption of innovation within manufacturing facilities by seamlessly integrating viable equipment and advanced devices is the key factor supporting the growth of the market globally. Surface mount technology machines are designed to respond in real-time to customer supply and demand changes through continuous, autonomous updates. This feature helps to make the autonomous factory a reality. Overall, the mounting system offers flexibility and customizable options to address the production needs of PCBAs and extend automation in manufacturing. Hence, the market players are also focusing on introducing efficiency and precision in assembling state-of-the-art surface mount technology solutions that further bolster the market growth. For instance, in September 2023, Panasonic Life Solutions India –launched new innovative NPM-G Series surface mount technology (SMT) machines, NPM-GH and NPM-GP, for Indian manufacturers. The new NPM-GH modular mounter and the NPM-GP screen printing machines mark a significant step toward realizing the concept of “Autonomous Factory” operations.
Segmental Outlook
The global surface mount technology market is segmented on equipment, components, and end users. Based on the equipment, the market is sub-segmented into placement equipment, inspection equipment, coating equipment, solder equipment, cleaning equipment, screen printing equipment, and others (stencils, rework, and repair equipment). Based on the components, the market is sub-segmented into transistors & diodes, integrated circuits, and chip resistors. Further, based on end users, the market is sub-segmented into telecommunication, consumer electronics, automotive, aerospace & defense, pharmaceutical and medical devices, energy, and power systems, industrial (industrial automation and motion control, mechatronics and robotics, power electronics and photovoltaics systems) and others (printing, paper, and pulp). Among the equipment, the solder equipment sub-segment is anticipated to hold a considerable share of the market owing to the rise in the development of surface mount soldering for the most efficient and cost-effective process for the production of printed circuit boards.
The Aerospace and defense Sub-Segment is Anticipated to Hold a Considerable Share of the Global Surface Mount Technology Market
Among the end-user, the aerospace & defense sub-segment is expected to hold a considerable share of the global surface mount technology market. The segmental growth is attributed to the growing influence of the adoption of surface mount technology (SMT) and through-hole technology (THT) equipment in the aerospace industry and their role in providing high-quality aerospace products. The ability to produce and control the output, quality, and availability of the company’s PCBA products will decrease supply chain issues and increase parts availability and yield, allowing the company to produce module and products more timely and cost-efficiently. For instance, in October 2023, Terran Orbital in satellite-based solutions primarily serving the aerospace and defense industries, the official opening of two new advanced printed circuit board assembly (PCBA) lines in Irvine, CA. In addition to its two new state-of-the-art PCBA surface mount technology (SMT) lines, the company also added capabilities for post-SMT processes, fully automated inspection, 3-dimensional X-ray testing, automated optical inspection (AOI), and flying probe technologies.
Regional Outlook
The global surface mount technology market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia), and the Rest of the World (the Middle East & Africa, and Latin America. Among these, Asia-Pacific is anticipated to hold a prominent share of the market across the globe, owing to the adoption of high-speed automation throughout the electronic assembly process, as well as increased efficiency and reduced carbon footprint. The key market players include Hon Hai Precision Industry Co., Ltd., Juki Corp., Samsung Electro-Mechanics, Yamaha Motor Co., Ltd. and others
Global Surface Mount Technology Market Growth, by Region 2023-2030
The North America Region is Expected to Grow at a Significant CAGR in the Global Surface Mount Technology Market
Among all regions, the North American region is anticipated to grow at a considerable CAGR over the forecast period. Regional growth is attributed to the rise in wireless communication standards and an increase in demand for networks boosting demand for surface mount technology in this region's telecommunication sector. The surface mount technology market growth is also driven by the rise of electric vehicles in the automotive industry of North America.
Companies operating in the market employ many growth strategies such as new product releases and innovations, alliances, partnerships, collaborations, and acquisitions to gain a competitive edge and extend their distribution networks. For instance, in July 2022, GJD agreed to purchase a new top-of-the-line Hanwha Techwin SM482 plus SMT equipment. The brand-new equipment will provide high-speed automation throughout the electronic assembly process, as well as increase efficiency and reduce GJD's carbon footprint.
Market Players Outlook
The major companies serving the surface mount technology market include Fuji Corp., Juki Corp., KLA Corp., Mycronic AB, Hanwha Techwin, Omron Corp., Panasonic Corp., Yamaha Motor Co., Ltd. and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in February 2022, Saki Corp., an innovator in the field of automated optical and X-ray inspection equipment, FUJI Corporation joined as an SMT assembly system partner for Saki’s Job Data Conversion Function. The solution eliminates process duplication and man-hours required to create separate inspection data libraries for both FUJI’s surface mount machines and Saki’s inspection systems.
The Report Covers
- Market value data analysis of 2022 and forecast to 2030.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global surface mount technology market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.1.1. Overview
3.1.2. Financial Analysis
3.1.3. SWOT Analysis
3.1.4. Recent Developments
3.2. Key Strategy Analysis
4. Market Segmentation
4.1. Global Surface Mount Technology Market by Equipment
4.1.1. Placement Equipment
4.1.2. Inspection Equipment
4.1.3. Coating Equipment
4.1.4. Solder Equipment
4.1.5. Cleaning Equipment
4.1.6. Screen Printing Equipment
4.1.7. Others (Stencils, Rework and Repair Equipment)
4.2. Global Surface Mount Technology Market by Components
4.2.1. Transistor & Diodes
4.2.2. Integrated Circuits
4.2.3. Chip Resistor
4.3. Global Surface Mount Technology Market by End Users
4.3.1. Telecommunication
4.3.2. Consumer electronics
4.3.3. Automotive
4.3.4. Aerospace & Defense
4.3.5. Pharmaceutical and Medical Devices
4.3.6. Energy & Power Systems
4.3.7. Industrial
4.3.8. Others (Printing, Paper and Pulp)
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. Amtest d.o.o.
6.2. ASMPT SMT Solutions
6.3. Blakell Europlacer Ltd.
6.4. CyberOptics Corp.
6.5. Fuji Corp.
6.6. Hanwha Techwin
6.7. Hayawin Electronic Technology Co., Ltd.
6.8. Heller Industries, Inc.
6.9. Juki Corp.
6.10. KLA Corp.
6.11. Koh Young Technology Inc.
6.12. Kulicke and Soffa Industries, Inc.
6.13. Mycronic AB
6.14. Omron Corp.
6.15. Panasonic Corp.
6.16. Precision Valve & Automation, Inc.
6.17. Universal Instruments Corp.
6.18. Viscom AG
6.19. Yamaha Motor Co., Ltd.
6.20. Zhejiang Neoden Technology Co., Ltd.
1. GLOBAL SURFACE MOUNT TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY EQUIPMENT, 2022-2030 ($ MILLION)
2. GLOBAL SURFACE PLACEMENT EQUIPMENT MARKET RESEARCH AND ANALYSIS BY REGION,2022-2030 ($ MILLION)
3. GLOBAL SURFACE INSPECTION EQUIPMENT MARKET RESEARCH AND ANALYSIS BY REGION,2022-2030 ($ MILLION)
4. GLOBAL SURFACE COATING EQUIPMENT MARKET RESEARCH AND ANALYSIS BY REGION,2022-2030 ($ MILLION)
5. GLOBAL SURFACE SOLDER EQUIPMENT MARKET RESEARCH AND ANALYSIS BY REGION,2022-2030 ($ MILLION)
6. GLOBAL SURFACE CLEANING EQUIPMENT MARKET RESEARCH AND ANALYSIS BY REGION,2022-2030 ($ MILLION)
7. GLOBAL SURFACE SCREEN PRINTING EQUIPMENT MARKET RESEARCH AND ANALYSIS BY REGION,2022-2030 ($ MILLION)
8. GLOBAL OTHERS SURFACE EQUIPMENT MARKET RESEARCH AND ANALYSIS BY REGION,2022-2030 ($ MILLION)
9. GLOBAL SURFACE MOUNT TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY COMPONENTS, 2022-2030 ($ MILLION)
10. GLOBAL SURFACE MOUNT TECHNOLOGY FOR TRANSISTOR & DIODES MARKET RESEARCH AND ANALYSIS BY REGION,2022-2030 ($ MILLION)
11. GLOBAL SURFACE MOUNT TECHNOLOGY FOR INTEGRATED CIRCUITS MARKET RESEARCH AND ANALYSIS BY REGION,2022-2030 ($ MILLION)
12. GLOBAL SURFACE MOUNT TECHNOLOGY FOR CHIP RESISTOR MARKET RESEARCH AND ANALYSIS BY REGION,2022-2030 ($ MILLION)
13. GLOBAL SURFACE MOUNT TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY END-USERS, 2022-2030 ($ MILLION)
14. GLOBAL SURFACE MOUNT TECHNOLOGY FOR TELECOMMUNICATION MARKET RESEARCH AND ANALYSIS BY REGION,2022-2030 ($ MILLION)
15. GLOBAL SURFACE MOUNT TECHNOLOGY FOR CONSUMER ELECTRONICS MARKET RESEARCH AND ANALYSIS BY REGION,2022-2030 ($ MILLION)
16. GLOBAL SURFACE MOUNT TECHNOLOGY FOR AUTOMOTIVE MARKET RESEARCH AND ANALYSIS BY REGION,2022-2030 ($ MILLION)
17. GLOBAL SURFACE MOUNT TECHNOLOGY FOR AEROSPACE & DEFENSE MARKET RESEARCH AND ANALYSIS BY REGION,2022-2030 ($ MILLION)
18. GLOBAL SURFACE MOUNT TECHNOLOGY FOR PHARMACEUTICAL AND MEDICAL DEVICES MARKET RESEARCH AND ANALYSIS BY REGION,2022-2030 ($ MILLION)
19. GLOBAL SURFACE MOUNT TECHNOLOGY FOR ENERGY & POWER SYSTEMS MARKET RESEARCH AND ANALYSIS BY REGION,2022-2030 ($ MILLION)
20. GLOBAL SURFACE MOUNT TECHNOLOGY FOR INDUSTRIAL MARKET RESEARCH AND ANALYSIS BY REGION,2022-2030 ($ MILLION)
21. GLOBAL SURFACE MOUNT TECHNOLOGY FOR OTHERS MARKET RESEARCH AND ANALYSIS BY REGION,2022-2030 ($ MILLION)
22. GLOBAL SURFACE MOUNT TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
23. NORTH AMERICAN SURFACE MOUNT TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
24. NORTH AMERICAN SURFACE MOUNT TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY EQUIPMENT, 2022-2030 ($ MILLION)
25. NORTH AMERICAN SURFACE MOUNT TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY COMPONENTS, 2022-2030 ($ MILLION)
26. NORTH AMERICAN SURFACE MOUNT TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY END USERS, 2022-2030 ($ MILLION)
27. EUROPEAN SURFACE MOUNT TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
28. EUROPEAN SURFACE MOUNT TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY EQUIPMENT, 2022-2030 ($ MILLION)
29. EUROPEAN SURFACE MOUNT TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY COMPONENTS, 2022-2030 ($ MILLION)
30. EUROPEAN SURFACE MOUNT TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY END USERS, 2022-2030 ($ MILLION)
31. ASIA-PACIFIC SURFACE MOUNT TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
32. ASIA-PACIFIC SURFACE MOUNT TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY EQUIPMENT, 2022-2030 ($ MILLION)
33. ASIA-PACIFIC SURFACE MOUNT TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY COMPONENTS, 2022-2030 ($ MILLION)
34. ASIA-PACIFIC SURFACE MOUNT TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY END USERS, 2022-2030 ($ MILLION)
35. REST OF THE WORLD SURFACE MOUNT TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
36. REST OF THE WORLD SURFACE MOUNT TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY EQUIPMENT, 2022-2030 ($ MILLION)
37. REST OF THE WORLD SURFACE MOUNT TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY COMPONENTS, 2022-2030 ($ MILLION)
38. REST OF THE WORLD SURFACE MOUNT TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY END USERS, 2022-2030 ($ MILLION)
1. GLOBAL SURFACE MOUNT TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY EQUIPMENT, 2022 VS 2030 (%)
2. GLOBAL SURFACE PLACEMENT EQUIPMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2022 VS 2030 (%)
3. GLOBAL SURFACE INSPECTION EQUIPMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2022 VS 2030 (%)
4. GLOBAL SURFACE COATING EQUIPMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2022 VS 2030 (%)
5. GLOBAL SURFACE SOLDER EQUIPMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2022 VS 2030 (%)
6. GLOBAL SURFACE CLEANING EQUIPMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2022 VS 2030 (%)
7. GLOBAL SURFACE SCREEN PRINTING EQUIPMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2022 VS 2030 (%)
8. GLOBAL OTHERS SURFACE EQUIPMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2022 VS 2030 (%)
9. GLOBAL SURFACE MOUNT TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY COMPONENTS, 2022 VS 2030 (%)
10. GLOBAL SURFACE MOUNT TECHNOLOGY FOR TRANSISTOR & DIODES MARKET RESEARCH AND ANALYSIS BY REGION, 2022 VS 2030 (%)
11. GLOBAL SURFACE MOUNT TECHNOLOGY FOR INTEGRATED CIRCUITS MARKET RESEARCH AND ANALYSIS BY REGION, 2022 VS 2030 (%)
12. GLOBAL SURFACE MOUNT TECHNOLOGY FOR CHIP RESISTOR MARKET RESEARCH AND ANALYSIS BY REGION, 2022 VS 2030 (%)
13. GLOBAL SURFACE MOUNT TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY END-USERS, 2022 VS 2030 (%)
14. GLOBAL SURFACE MOUNT TECHNOLOGY FOR TELECOMMUNICATION MARKET RESEARCH AND ANALYSIS BY REGION, 2022 VS 2030 (%)
15. GLOBAL SURFACE MOUNT TECHNOLOGY FOR CONSUMER ELECTRONICS MARKET RESEARCH AND ANALYSIS BY REGION, 2022 VS 2030 (%)
16. GLOBAL SURFACE MOUNT TECHNOLOGY FOR AUTOMOTIVE MARKET RESEARCH AND ANALYSIS BY REGION, 2022 VS 2030 (%)
17. GLOBAL SURFACE MOUNT TECHNOLOGY FOR AEROSPACE & DEFENSE MARKET RESEARCH AND ANALYSIS BY REGION, 2022 VS 2030 (%)
18. GLOBAL SURFACE MOUNT TECHNOLOGY FOR PHARMACEUTICAL AND MEDICAL DEVICES MARKET RESEARCH AND ANALYSIS BY REGION, 2022 VS 2030 (%)
19. GLOBAL SURFACE MOUNT TECHNOLOGY FOR ENERGY & POWER SYSTEMS MARKET RESEARCH AND ANALYSIS BY REGION, 2022 VS 2030 (%)
20. GLOBAL SURFACE MOUNT TECHNOLOGY FOR INDUSTRIAL MARKET RESEARCH AND ANALYSIS BY REGION, 2022 VS 2030 (%)
21. GLOBAL SURFACE MOUNT TECHNOLOGY FOR OTHERS MARKET RESEARCH AND ANALYSIS BY REGION, 2022 VS 2030 (%)
22. GLOBAL SURFACE MOUNT TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY REGION, 2022 VS 2030 (%)
23. US SURFACE MOUNT TECHNOLOGY MARKET SIZE, 2022-2030 ($ MILLION)
24. CANADA SURFACE MOUNT TECHNOLOGY MARKET SIZE, 2022-2030 ($ MILLION)
25. UK SURFACE MOUNT TECHNOLOGY MARKET SIZE, 2022-2030 ($ MILLION)
26. FRANCE SURFACE MOUNT TECHNOLOGY MARKET SIZE, 2022-2030 ($ MILLION)
27. GERMANY SURFACE MOUNT TECHNOLOGY MARKET SIZE, 2022-2030 ($ MILLION)
28. ITALY SURFACE MOUNT TECHNOLOGY MARKET SIZE, 2022-2030 ($ MILLION)
29. SPAIN SURFACE MOUNT TECHNOLOGY MARKET SIZE, 2022-2030 ($ MILLION)
30. REST OF EUROPE SURFACE MOUNT TECHNOLOGY MARKET SIZE, 2022-2030 ($ MILLION)
31. INDIA SURFACE MOUNT TECHNOLOGY MARKET SIZE, 2022-2030 ($ MILLION)
32. CHINA SURFACE MOUNT TECHNOLOGY MARKET SIZE, 2022-2030 ($ MILLION)
33. JAPAN SURFACE MOUNT TECHNOLOGY MARKET SIZE, 2022-2030 ($ MILLION)
34. SOUTH KOREA SURFACE MOUNT TECHNOLOGY MARKET SIZE, 2022-2030 ($ MILLION)
35. REST OF ASIA-PACIFIC SURFACE MOUNT TECHNOLOGY MARKET SIZE, 2022-2030 ($ MILLION)
36. LATIN AMERICA SURFACE MOUNT TECHNOLOGY MARKET SIZE, 2022-2030 ($ MILLION)
37. MIDDLE EAST AND AFRICA SURFACE MOUNT TECHNOLOGY MARKET SIZE, 2022-2030 ($ MILLION)
