Surface Mount Technology (SMT) Market by Equipment (Placement, Inspection, Soldering, Screen Printing Equipment, Cleaning Equipment, Repair & Rework Equipment), Component, Service, End User and Geography - Global Forecast to 2028

Abstract
The surface mount technology (SMT) market is projected to grow from USD 5.8 billion in 2023 to reach USD 8.4 billion by 2028; it is expected to grow at a CAGR of 7.8% during the forecast period. The major opportunities for the surface mount technology (SMT) market include the integration of biometrics and security into consumer electronics devices and medical devices.

Aerospace & defense is expected to have a significant CAGR of the surface mount technology (SMT) market during the forecast period

The aerospace and defense industry requires high-quality equipment that can deliver high performance and zero failure rate. Owing to factors such as better thermal dissipation, lighter weight, and smaller volume, surface mount technology (SMT) is replacing conventional through-hole technology in the aerospace and defense industry. Modern-day highly advanced aeronautic and defense equipment comprises electronic devices such as auto-pilot systems, radar, and flight simulation systems. Reduced component size, demand for high-density printed circuit boards, and increasing semiconductor and electronics manufacturing are driving the growth of the surface mount technology (SMT) market.

Screen printing equipment is expected to have a significant market size during the forecast period.

Screen Printing equipment is used to print customized PCBs for surface mount technology. The primary factors that must be considered while selecting Screen Printing equipment include productivity, flexibility, cost-effectiveness, and usability. The screen-printing equipment is further segmented into three types: automatic, semiautomatic, and manual. Based on the degree of automation in this equipment, the cost associated with them increases.

North America is expected to grow with the second-highest CAGR during the forecast period.

In North America, SMT assembly solutions, such as printing, placement, reflow, and board handling technologies, are used to achieve high quality and price performance in consumer electronics. The placement equipment segment in North America will grow significantly during the forecast period. The increasing demand for mobile and Internet-connected devices, consumer electronics, automotive, and telecommunications, coupled with the need for higher accuracy, product miniaturization, and improved speed, drives the growth of the SMT market for placement equipment.

In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews have been conducted with key officials in the surface mount technology (SMT) market.

Following is the breakup of the profiles of the primary participants for the report.
•By Company Type: Tier 1 – 18 %, Tier 2 – 22%, and Tier 3 – 60%
•By Designation: C-Level Executives –21%, Managers- 35%, and Others – 44%
•By Region: North America– 45%, Asia Pacific – 30%, Europe- 20% and RoW – 5%

The report profiles key players in the surface mount technology (SMT) market and analyzes their market shares. Players profiled in this report are Fuji Corporation (Japan), Mycronic AB (Sweden), Nordson Corporation (US), Viscom AG (Germany), KLA Corporation (US), Juki Corporation (Japan), Hitachi High-Technologies Corporation (Japan), ASM Assembly Systems (Germany), Yamaha Motor (Japan), Saki Corporation (Japan), Europlacer (UK), Neoden (India), Panasonic Corporation (Japan), Kasdon Electronics (UK), Ohmite Manufacturing (US), KBC Electronics (US), DDM Novastar (US), ThermOmegaTech (US), Altek Electronics (US), ABL Circuits (UK), Mirtec manufactures (South Korea), Machine Vision Products (US), Cirexx (US), 4E Technology (UK), and ACD Digital Systems (Australia).

Research Coverage
The report defines, describes, and forecasts the surface mount technology (SMT) market based on equipment, component, service, end user industry and geography. It provides detailed information regarding factors such as drivers, restraints, opportunities, and challenges influencing the growth of the surface mount technology (SMT) market. It also analyzes competitive developments such as product launches, acquisitions, expansions, contracts, partnerships, and developments carried out by the key players to grow in the market.

Reasons to Buy This Report
The report will help leaders/new entrants in the surface mount technology (SMT) market in the following ways:
1.The report segments the surface mount technology (SMT) market comprehensively and provides the closest market size estimation for all subsegments across regions.
2.The report will help stakeholders understand the pulse of the market and provide them with information on key drivers, restraints, challenges, and opportunities in the surface mount technology (SMT) market.
3.The report will help stakeholders understand their competitors better and gain insights to improve their position in the surface mount technology (SMT) market. The competitive landscape section describes the competitor ecosystem.
4.Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the surface mount technology (SMT) market
5.In-depth assessment of market shares, growth strategies and equipment offerings of leading players like Fuji Corporation (Japan), Mycronic AB (Sweden), Nordson Corporation (US), KLA Corporation (US),Yamaha Motor (Japan) among others.

Content
Table of Contents

1INTRODUCTION36
1.1STUDY OBJECTIVES36
1.2MARKET DEFINITION36
1.3STUDY SCOPE37
1.3.1MARKETS COVERED37
FIGURE 1SURFACE MOUNT TECHNOLOGY (SMT) MARKET: SEGMENTATION37
1.3.2INCLUSIONS AND EXCLUSIONS37
1.3.3REGIONAL SCOPE38
FIGURE 2REGIONAL SCOPE38
1.3.4YEARS CONSIDERED38
1.4CURRENCY CONSIDERED39
1.5LIMITATIONS39
1.6STAKEHOLDERS39
1.7SUMMARY OF CHANGES39
2RESEARCH METHODOLOGY40
2.1RESEARCH DATA40
FIGURE 3PROCESS FLOW: SURFACE MOUNT TECHNOLOGY (SMT) MARKET SIZE ESTIMATION40
FIGURE 4SURFACE MOUNT TECHNOLOGY (SMT) MARKET: RESEARCH DESIGN41
2.1.1SECONDARY AND PRIMARY RESEARCH42
2.1.2SECONDARY DATA42
2.1.2.1Secondary sources43
2.1.2.2List of key secondary sources43
2.1.3PRIMARY DATA44
2.1.3.1Primary sources44
2.1.3.2Key industry insights45
2.1.3.3Primary interviews with experts45
2.1.3.4List of key primary respondents45
2.1.3.5Breakdown of primaries46
2.2MARKET SIZE ESTIMATION46
2.2.1BOTTOM-UP APPROACH47
2.2.1.1Approach to derive market size using demand-side analysis47
FIGURE 5SURFACE MOUNT TECHNOLOGY (SMT) MARKET: BOTTOM-UP APPROACH47
2.2.2TOP-DOWN APPROACH47
2.2.2.1Approach to derive market size using top-down analysis48
FIGURE 6SURFACE MOUNT TECHNOLOGY (SMT) MARKET: TOP-DOWN APPROACH48
2.3MARKET BREAKDOWN AND DATA TRIANGULATION49
FIGURE 7DATA TRIANGULATION49
2.4RESEARCH ASSUMPTIONS50
2.5PARAMETERS CONSIDERED TO ANALYZE IMPACT OF RECESSION ON SURFACE MOUNT TECHNOLOGY (SMT) MARKET51
2.6RISK ASSESSMENT51
TABLE 1ANALYSIS OF RISK FACTORS51
3EXECUTIVE SUMMARY52
3.1SURFACE MOUNT TECHNOLOGY (SMT) MARKET: RECESSION IMPACT52
FIGURE 8RECESSION IMPACT: GDP GROWTH PROJECTIONS TILL 2023 FOR MAJOR ECONOMIES53
FIGURE 9RECESSION IMPACT ON SURFACE MOUNT TECHNOLOGY (SMT) MARKET, 2019–2028 (USD MILLION)53
FIGURE 10INSPECTION SEGMENT TO REGISTER HIGHEST CAGR IN SURFACE MOUNT TECHNOLOGY (SMT) MARKET FROM 2023 TO 202854
FIGURE 11CONSUMER ELECTRONICS SEGMENT TO HOLD LARGEST SHARE OF SURFACE MOUNT TECHNOLOGY (SMT) MARKET DURING FORECAST PERIOD54
FIGURE 12ASIA PACIFIC ACCOUNTED FOR LARGEST SHARE OF SURFACE MOUNT TECHNOLOGY (SMT) MARKET IN 202255
4PREMIUM INSIGHTS56
4.1ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN SURFACE MOUNT TECHNOLOGY (SMT) MARKET56
FIGURE 13GROWING USE OF ADVANCED AUTOMATION SYSTEMS REQUIRING HIGHLY RELIABLE NETWORKS FOR MACHINE-TO-MACHINE (M2M) COMMUNICATION56
4.2SURFACE MOUNT TECHNOLOGY (SMT) MARKET, BY EQUIPMENT57
FIGURE 14PLACEMENT SEGMENT TO ACCOUNT FOR LARGEST SHARE OF SURFACE MOUNT TECHNOLOGY (SMT) MARKET FROM 2023 TO 202857
4.3SURFACE MOUNT TECHNOLOGY (SMT) MARKET, BY END-USER INDUSTRY57
FIGURE 15CONSUMER ELECTRONICS SEGMENT TO HOLD LARGEST SHARE OF SURFACE MOUNT TECHNOLOGY (SMT) MARKET FROM 2023 TO 202857
4.4SURFACE MOUNT TECHNOLOGY (SMT) MARKET, BY REGION58
FIGURE 16CHINA TO REGISTER HIGHEST CAGR IN SURFACE MOUNT TECHNOLOGY (SMT) MARKET FROM 2023 TO 202858
5MARKET OVERVIEW59
5.1INTRODUCTION59
5.2MARKET DYNAMICS59
FIGURE 17SURFACE MOUNT TECHNOLOGY (SMT) MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES59
5.2.1DRIVERS60
5.2.1.1Increased demand for miniaturized consumer electronics components60
5.2.1.2Growing adoption of electric vehicles (EVs)60
FIGURE 18ELECTRIC VEHICLE SALES, 2013–2020 (MILLION UNITS)61
5.2.1.3Rising need to increase productivity of electronic manufacturing services (EMS) companies61
FIGURE 19SURFACE MOUNT TECHNOLOGY (SMT) MARKET: DRIVERS AND THEIR IMPACT62
5.2.2RESTRAINTS62
5.2.2.1Requirement for high investments to set up production units62
5.2.2.2Need for high-frequency applications and thermal management62
FIGURE 20SURFACE MOUNT TECHNOLOGY (SMT) MARKET: RESTRAINTS AND THEIR IMPACT63
5.2.3OPPORTUNITIES63
5.2.3.1Integration of biometrics and security into consumer electronics and medical devices63
5.2.3.2Advent of Self-monitoring, Analysis, and Reporting Technology (SMART)63
FIGURE 21SURFACE MOUNT TECHNOLOGY (SMT) MARKET: OPPORTUNITIES AND THEIR IMPACT64
5.2.4CHALLENGES64
5.2.4.1Emergence of new assembly techniques64
5.2.4.2Challenges in repair and rework of surface mount technology (SMT)-manufactured printed circuit boards (PCBs)65
FIGURE 22SURFACE MOUNT TECHNOLOGY (SMT) MARKET: CHALLENGES AND THEIR IMPACT65
5.3VALUE CHAIN ANALYSIS66
FIGURE 23SURFACE MOUNT TECHNOLOGY (SMT) MARKET: VALUE CHAIN ANALYSIS66
5.3.1RAW MATERIAL AND CHIP PROCESSING66
5.3.2COMPONENT PROVIDERS66
5.3.3MANUFACTURING, ASSEMBLY, AND MODULE PACKAGING66
5.3.4END USERS67
5.4CASE STUDY ANALYSIS67
5.4.1GSI HELMHOLTZ CENTRE PARTNERED WITH ASMPT TO DEPLOY PRINTING AND PLACEMENT SOLUTIONS67
5.5TECHNOLOGY ANALYSIS68
5.5.1HIGH-DENSITY INTERCONNECT (HDI) PRINTED CIRCUIT BOARDS (PCBS)68
5.5.2WAFER BONDING68
5.5.3FLIP CHIP68
5.5.4FAN-OUT WAFER-LEVEL PACKAGING (FOWLP)68
5.6PORTER’S FIVE FORCES ANALYSIS68
FIGURE 24SURFACE MOUNT TECHNOLOGY (SMT) MARKET: PORTER’S FIVE FORCES ANALYSIS, 202269
TABLE 2SURFACE MOUNT TECHNOLOGY (SMT) MARKET: PORTER’S FIVE FORCES ANALYSIS, 202269
5.6.1THREAT OF NEW ENTRANTS70
5.6.2THREAT OF SUBSTITUTES70
5.6.3BARGAINING POWER OF SUPPLIERS70
5.6.4BARGAINING POWER OF BUYERS71
5.6.5INTENSITY OF COMPETITIVE RIVALRY71
 
5.7PRICING ANALYSIS71
5.7.1AVERAGE SELLING PRICE (ASP) ANALYSIS71
TABLE 3AVERAGE SELLING PRICE (ASP) OF KEY EQUIPMENT USED IN SMT72
5.7.2AVERAGE SELLING PRICE (ASP) TREND72
FIGURE 25SURFACE MOUNT TECHNOLOGY (SMT) MARKET: AVERAGE SELLING PRICE OF EQUIPMENT (HISTORIC)73
5.8KEY STAKEHOLDERS AND BUYING CRITERIA73
5.8.1KEY STAKEHOLDERS IN BUYING PROCESS73
FIGURE 26INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE END-USER INDUSTRIES73
TABLE 4INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE END-USER INDUSTRIES (%)74
5.8.2BUYING CRITERIA74
FIGURE 27KEY BUYING CRITERIA OF TOP THREE END-USER INDUSTRIES74
TABLE 5KEY BUYING CRITERIA OF TOP THREE END-USER INDUSTRIES74
5.9ECOSYSTEM ANALYSIS75
FIGURE 28SURFACE MOUNT TECHNOLOGY (SMT) MARKET: ECOSYSTEM ANALYSIS75
TABLE 6SURFACE MOUNT TECHNOLOGY (SMT) MARKET: ECOSYSTEM ANALYSIS75
5.10PATENT ANALYSIS76
FIGURE 29TOP 10 COMPANIES WITH HIGHEST NUMBER OF PATENT APPLICATIONS, 2012–202276
TABLE 7TOP 20 PATENT OWNERS IN US, 2012–202277
FIGURE 30NUMBER OF PATENTS GRANTED, 2012–202277
TABLE 8SURFACE MOUNT TECHNOLOGY (SMT) MARKET: LIST OF PATENTS78
5.11TARIFFS AND REGULATIONS79
5.11.1TARIFFS79
5.11.2TARIFF ANALYSIS79
TABLE 9TARIFF FOR MEASURING OR CHECKING INSTRUMENTS, APPLIANCES, AND MACHINES EXPORTED BY GERMANY, 202179
TABLE 10TARIFF FOR MEASURING OR CHECKING INSTRUMENTS, APPLIANCES, AND MACHINES EXPORTED BY CHINA, 202180
TABLE 11TARIFF FOR MEASURING OR CHECKING INSTRUMENTS, APPLIANCES, AND MACHINES EXPORTED BY JAPAN, 202180
TABLE 12TARIFF FOR MEASURING OR CHECKING INSTRUMENTS, APPLIANCES, AND MACHINES EXPORTED BY US, 202180
TABLE 13TARIFF FOR MEASURING OR CHECKING INSTRUMENTS, APPLIANCES, AND MACHINES EXPORTED BY SINGAPORE, 202181
5.11.3REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS81
5.11.3.1Regulations81
5.11.3.2Standards82
5.12TRADE ANALYSIS82
5.12.1TRADE DATA FOR HS CODE 903182
FIGURE 31IMPORT DATA, BY COUNTRY, 2017−2021 (USD THOUSAND)82
FIGURE 32EXPORT DATA, BY COUNTRY, 2017−2021 (USD THOUSAND)83
5.13REVENUE SHIFT AND NEW REVENUE POCKETS FOR SURFACE MOUNT TECHNOLOGY (SMT) MARKET PLAYERS83
FIGURE 33REVENUE SHIFT AND NEW REVENUE POCKETS FOR SURFACE MOUNT TECHNOLOGY (SMT) MARKET PLAYERS84
5.14KEY CONFERENCES AND EVENTS, 2023–202484
TABLE 14SURFACE MOUNT TECHNOLOGY (SMT) MARKET: DETAILED LIST OF CONFERENCES AND EVENTS84
6SURFACE MOUNT TECHNOLOGY (SMT) MARKET, BY EQUIPMENT86
6.1INTRODUCTION87
FIGURE 34SURFACE MOUNT TECHNOLOGY (SMT) MARKET, BY EQUIPMENT87
FIGURE 35PLACEMENT EQUIPMENT TO LEAD SURFACE MOUNT TECHNOLOGY (SMT) MARKET BETWEEN 2023 AND 202888
TABLE 15SURFACE MOUNT TECHNOLOGY (SMT) MARKET, BY EQUIPMENT, 2019–2022 (USD MILLION)88
TABLE 16SURFACE MOUNT TECHNOLOGY (SMT) MARKET, BY EQUIPMENT, 2023–2028 (USD MILLION)89
6.2INSPECTION EQUIPMENT89
6.2.1INCREASING FOCUS ON MANUFACTURING STABLE AND HIGH-QUALITY PRODUCTS89
6.2.1.1Laser Inspection Equipment90
FIGURE 36ADVANTAGES OF LASER INSPECTION EQUIPMENT90
6.2.1.2X-Ray inspection equipment90
6.2.1.3Optical Inspection Equipment91
FIGURE 37TYPES OF LIGHTING USED IN OPTICAL INSPECTION EQUIPMENT91
TABLE 17INSPECTION EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET, BY REGION, 2019–2022 (USD MILLION)92
TABLE 18INSPECTION EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET, BY REGION, 2023–2028 (USD MILLION)92
TABLE 19INSPECTION EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR CONSUMER ELECTRONICS, BY REGION, 2019–2022 (USD MILLION)93
TABLE 20INSPECTION EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR CONSUMER ELECTRONICS, BY REGION, 2023–2028 (USD MILLION)93
TABLE 21INSPECTION EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR TELECOMMUNICATIONS, BY REGION, 2019–2022 (USD MILLION)93
TABLE 22INSPECTION EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR TELECOMMUNICATIONS, BY REGION, 2023–2028 (USD MILLION)94
TABLE 23INSPECTION EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR AEROSPACE & DEFENSE, BY REGION, 2019–2022 (USD MILLION)94
TABLE 24INSPECTION EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR AEROSPACE & DEFENSE, BY REGION, 2023–2028 (USD MILLION)94
TABLE 25INSPECTION EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR AUTOMOTIVE, BY REGION, 2019–2022 (USD MILLION)95
TABLE 26INSPECTION EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR AUTOMOTIVE, BY REGION, 2023–2028 (USD MILLION)95
TABLE 27INSPECTION EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR MEDICAL, BY REGION, 2019–2022 (USD MILLION)95
TABLE 28INSPECTION EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR MEDICAL, BY REGION, 2023–2028 (USD MILLION)96
TABLE 29INSPECTION EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR INDUSTRIAL, BY REGION, 2019–2022 (USD MILLION)96
TABLE 30INSPECTION EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR INDUSTRIAL, BY REGION, 2023–2028 (USD MILLION)96
TABLE 31INSPECTION EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR ENERGY & POWER SYSTEMS, BY REGION, 2019–2022 (USD MILLION)97
TABLE 32INSPECTION EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR ENERGY & POWER SYSTEMS, BY REGION, 2023–2028 (USD MILLION)97
6.3PLACEMENT EQUIPMENT97
6.3.1GROWING NEED FOR HIGHER ACCURACY AND SPEED, PRODUCT MINIATURIZATION, AND FLEXIBILITY97
6.3.2BASED ON SPEED98
6.3.2.1Low-speed placement equipment98
6.3.2.2Medium-speed placement equipment98
FIGURE 38SELECTION CRITERIA FOR PLACEMENT EQUIPMENT99
6.3.2.3High-speed placement equipment100
6.3.3BASED ON TYPE100
6.3.3.1Dual-delivery placement machine100
6.3.3.2Multi-station placement machine100
6.3.3.3Turret-type placement machine100
6.3.3.4Multi-head placement machine100
6.3.3.5Sequential pick-and-place machine100
FIGURE 39CONSUMER ELECTRONICS SEGMENT TO HOLD LARGEST SHARE OF SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR PLACEMENT EQUIPMENT IN 2023101
TABLE 33PLACEMENT EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET, BY REGION, 2019–2022 (USD MILLION)101
TABLE 34PLACEMENT EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET, BY REGION, 2023–2028 (USD MILLION)101
FIGURE 40ASIA PACIFIC PLACEMENT EQUIPMENT MARKET FOR CONSUMER ELECTRONICS TO LEAD SURFACE MOUNT TECHNOLOGY (SMT) MARKET BETWEEN 2023 AND 2028102
TABLE 35PLACEMENT EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR CONSUMER ELECTRONICS, BY REGION, 2019–2022 (USD MILLION)102
TABLE 36PLACEMENT EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR CONSUMER ELECTRONICS, BY REGION, 2023–2028 (USD MILLION)103
TABLE 37PLACEMENT EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR TELECOMMUNICATIONS, BY REGION, 2019–2022 (USD MILLION)103
TABLE 38PLACEMENT EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR TELECOMMUNICATIONS, BY REGION, 2023–2028 (USD MILLION)103
TABLE 39PLACEMENT EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR AEROSPACE & DEFENSE, BY REGION, 2019–2022 (USD MILLION)104
TABLE 40PLACEMENT EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR AEROSPACE & DEFENSE, BY REGION, 2023–2028 (USD MILLION)104
TABLE 41PLACEMENT EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR AUTOMOTIVE, BY REGION, 2019–2022 (USD MILLION)104
TABLE 42PLACEMENT EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR AUTOMOTIVE, BY REGION, 2023–2028 (USD MILLION)105
TABLE 43PLACEMENT EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR MEDICAL, BY REGION, 2019–2022 (USD MILLION)105
TABLE 44PLACEMENT EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR MEDICAL, BY REGION, 2023–2028 (USD MILLION)105
TABLE 45PLACEMENT EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR INDUSTRIAL, BY REGION, 2019–2022 (USD MILLION)106
TABLE 46PLACEMENT EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR INDUSTRIAL, BY REGION, 2023–2028 (USD MILLION)106
TABLE 47PLACEMENT EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR ENERGY & POWER SYSTEMS, BY REGION, 2019–2022 (USD MILLION)106
TABLE 48PLACEMENT EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR ENERGY & POWER SYSTEMS, BY REGION, 2023–2028 (USD MILLION)107
6.4SOLDERING EQUIPMENT107
6.4.1RISING DEMAND FROM CONSUMER ELECTRONICS INDUSTRY107
6.4.1.1Wave oven107
6.4.1.2Reflow oven108
TABLE 49SOLDERING EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET, BY REGION, 2019–2022 (USD MILLION)108
TABLE 50SOLDERING EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET, BY REGION, 2023–2028 (USD MILLION)108
TABLE 51SOLDERING EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR CONSUMER ELECTRONICS, BY REGION, 2019–2022 (USD MILLION)109
TABLE 52SOLDERING EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR CONSUMER ELECTRONICS, BY REGION, 2023–2028 (USD MILLION)109
TABLE 53SOLDERING EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR TELECOMMUNICATIONS, BY REGION, 2019–2022 (USD MILLION)109
TABLE 54SOLDERING EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR TELECOMMUNICATIONS, BY REGION, 2023–2028 (USD MILLION)110
TABLE 55SOLDERING EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR AEROSPACE & DEFENSE, BY REGION, 2019–2022 (USD MILLION)110
TABLE 56SOLDERING EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR AEROSPACE & DEFENSE, BY REGION, 2023–2028 (USD MILLION)110
TABLE 57SOLDERING EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR AUTOMOTIVE, BY REGION, 2019–2022 (USD MILLION)111
TABLE 58SOLDERING EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR AUTOMOTIVE, BY REGION, 2023–2028 (USD MILLION)111
TABLE 59SOLDERING EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR MEDICAL, BY REGION, 2019–2022 (USD MILLION)111
TABLE 60SOLDERING EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR MEDICAL, BY REGION, 2023–2028 (USD MILLION)112
TABLE 61SOLDERING EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR INDUSTRIAL, BY REGION, 2019–2022 (USD MILLION)112
TABLE 62SOLDERING EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR INDUSTRIAL, BY REGION, 2023–2028 (USD MILLION)112
TABLE 63SOLDERING EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR ENERGY & POWER SYSTEMS, BY REGION, 2019–2022 (USD MILLION)113
TABLE 64SOLDERING EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR ENERGY & POWER SYSTEMS, BY REGION, 2023–2028 (USD MILLION)113
6.5SCREEN PRINTING EQUIPMENT113
6.5.1RISING NEED TO INCREASE PRODUCTIVITY, FLEXIBILITY, AND COST-EFFECTIVENESS113
6.5.1.1Automatic113
6.5.1.2Semiautomatic114
6.5.1.3Manual114
FIGURE 41AEROSPACE & DEFENSE SEGMENT TO HOLD SIGNIFICANT SHARE OF SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR SCREEN PRINTING EQUIPMENT IN 2028114
TABLE 65SCREEN PRINTING EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET, BY REGION, 2019–2022 (USD MILLION)115
TABLE 66SCREEN PRINTING EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET, BY REGION, 2023–2028 (USD MILLION)115
TABLE 67SCREEN PRINTING EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR CONSUMER ELECTRONICS, BY REGION, 2019–2022 (USD MILLION)115
TABLE 68SCREEN PRINTING EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR CONSUMER ELECTRONICS, BY REGION, 2023–2028 (USD MILLION)116
TABLE 69SCREEN PRINTING EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR TELECOMMUNICATIONS, BY REGION, 2019–2022 (USD MILLION)116
TABLE 70SCREEN PRINTING EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR TELECOMMUNICATIONS, BY REGION, 2023–2028 (USD MILLION)116
TABLE 71SCREEN PRINTING EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR AEROSPACE & DEFENSE, BY REGION, 2019–2022 (USD MILLION)117
TABLE 72SCREEN PRINTING EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR AEROSPACE & DEFENSE, BY REGION, 2023–2028 (USD MILLION)117
TABLE 73SCREEN PRINTING EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR AUTOMOTIVE, BY REGION, 2019–2022 (USD MILLION)117
TABLE 74SCREEN PRINTING EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR AUTOMOTIVE, BY REGION, 2023–2028 (USD MILLION)118
TABLE 75SCREEN PRINTING EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR MEDICAL, BY REGION, 2019–2022 (USD MILLION)118
TABLE 76SCREEN PRINTING EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR MEDICAL, BY REGION, 2023–2028 (USD MILLION)118
TABLE 77SCREEN PRINTING EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR INDUSTRIAL, BY REGION, 2019–2022 (USD MILLION)119
TABLE 78SCREEN PRINTING EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR INDUSTRIAL, BY REGION, 2023–2028 (USD MILLION)119
TABLE 79SCREEN PRINTING EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR ENERGY & POWER SYSTEMS, BY REGION, 2019–2022 (USD MILLION)119
TABLE 80SCREEN PRINTING EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR ENERGY & POWER SYSTEMS, BY REGION, 2023–2028 (USD MILLION)120
6.6CLEANING EQUIPMENT120
6.6.1GROWING USE OF CLEANING FLUXES FOR LEAD-FREE MANUFACTURING120
TABLE 81CLEANING EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET, BY REGION, 2019–2022 (USD MILLION)121
TABLE 82CLEANING EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET, BY REGION, 2023–2028 (USD MILLION)121
TABLE 83CLEANING EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR CONSUMER ELECTRONICS, BY REGION, 2019–2022 (USD MILLION)121
TABLE 84CLEANING EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR CONSUMER ELECTRONICS, BY REGION, 2023–2028 (USD MILLION)122
TABLE 85CLEANING EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR TELECOMMUNICATIONS, BY REGION, 2019–2022 (USD MILLION)122
TABLE 86CLEANING EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR TELECOMMUNICATIONS, BY REGION, 2023–2028 (USD MILLION)122
TABLE 87CLEANING EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR AEROSPACE & DEFENSE, BY REGION, 2019–2022 (USD MILLION)123
TABLE 88CLEANING EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR AEROSPACE & DEFENSE, BY REGION, 2023–2028 (USD MILLION)123
TABLE 89CLEANING EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR AUTOMOTIVE, BY REGION, 2019–2022 (USD MILLION)123
TABLE 90CLEANING EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR AUTOMOTIVE, BY REGION, 2023–2028 (USD MILLION)124
TABLE 91CLEANING EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR MEDICAL, BY REGION, 2019–2022 (USD MILLION)124
TABLE 92CLEANING EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR MEDICAL, BY REGION, 2023–2028 (USD MILLION)124
TABLE 93CLEANING EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR INDUSTRIAL, BY REGION, 2019–2022 (USD MILLION)125
TABLE 94CLEANING EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR INDUSTRIAL, BY REGION, 2023–2028 (USD MILLION)125
TABLE 95CLEANING EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR ENERGY & POWER SYSTEMS, BY REGION, 2019–2022 (USD MILLION)125
TABLE 96CLEANING EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR ENERGY & POWER SYSTEMS, BY REGION, 2023–2028 (USD MILLION)126
6.7REPAIR & REWORK EQUIPMENT126
6.7.1RISING ADOPTION OF REPAIR & REWORK EQUIPMENT IN MEDICAL INDUSTRY126
6.7.1.1Automatic126
6.7.1.2Semiautomatic126
TABLE 97REPAIR & REWORK EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET, BY REGION, 2019–2022 (USD MILLION)127
TABLE 98REPAIR & REWORK EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET, BY REGION, 2023–2028 (USD MILLION)127
TABLE 99REPAIR & REWORK EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR CONSUMER ELECTRONICS, BY REGION, 2019–2022 (USD MILLION)127
TABLE 100REPAIR & REWORK EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR CONSUMER ELECTRONICS, BY REGION, 2023–2028 (USD MILLION)128
TABLE 101REPAIR & REWORK EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR TELECOMMUNICATIONS, BY REGION, 2019–2022 (USD MILLION)128
TABLE 102REPAIR & REWORK EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR TELECOMMUNICATIONS, BY REGION, 2023–2028 (USD MILLION)128
TABLE 103REPAIR & REWORK EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR AEROSPACE & DEFENSE, BY REGION, 2019–2022 (USD MILLION)129
TABLE 104REPAIR & REWORK EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR AEROSPACE & DEFENSE, BY REGION, 2023–2028 (USD MILLION)129
TABLE 105REPAIR & REWORK EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR AUTOMOTIVE, BY REGION, 2019–2022 (USD MILLION)129
TABLE 106REPAIR & REWORK EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR AUTOMOTIVE, BY REGION, 2023–2028 (USD MILLION)130
TABLE 107REPAIR & REWORK EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR MEDICAL, BY REGION, 2019–2022 (USD MILLION)130
TABLE 108REPAIR & REWORK EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR MEDICAL, BY REGION, 2023–2028 (USD MILLION)130
TABLE 109REPAIR & REWORK EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR INDUSTRIAL, BY REGION, 2019–2022 (USD MILLION)131
TABLE 110REPAIR & REWORK EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR INDUSTRIAL, BY REGION, 2023–2028 (USD MILLION)131
TABLE 111REPAIR & REWORK EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR ENERGY & POWERS, BY REGION, 2019–2022 (USD MILLION)131
TABLE 112REPAIR & REWORK EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR ENERGY & POWER SYSTEMS, BY REGION, 2023–2028 (USD MILLION)132
7SURFACE MOUNT TECHNOLOGY (SMT) MARKET, BY COMPONENT133
7.1INTRODUCTION133
FIGURE 42SURFACE MOUNT TECHNOLOGY (SMT) MARKET, BY COMPONENT133
7.2PASSIVE COMPONENTS133
7.2.1RESISTORS133
TABLE 113SMT RESISTOR SIZES134
7.2.2CAPACITORS134
FIGURE 43TYPES OF CAPACITORS IN SMT134
7.3ACTIVE COMPONENTS135
7.3.1TRANSISTORS & DIODES135
7.3.2INTEGRATED CIRCUITS135
FIGURE 44CLASSIFICATION OF SMT INTEGRATED CIRCUITS136
 
8SURFACE MOUNT TECHNOLOGY (SMT) MARKET, BY SERVICE137
8.1INTRODUCTION137
FIGURE 45SURFACE MOUNT TECHNOLOGY (SMT) MARKET, BY SERVICE137
8.2DESIGNING138
FIGURE 46PHASES IN DESIGNING PROCESS138
8.3TEST AND PROTOTYPE139
FIGURE 47BENEFITS OF PROTOTYPE139
8.4SUPPLY CHAIN SERVICES140
8.5MANUFACTURING141
FIGURE 48ELECTRONIC MANUFACTURING PRINTED CIRCUIT BOARD USING SMT141
8.6AFTERMARKET SERVICES142
9SURFACE MOUNT TECHNOLOGY (SMT) MARKET, BY END-USER INDUSTRY143
9.1INTRODUCTION144
FIGURE 49SURFACE MOUNT TECHNOLOGY (SMT) MARKET, BY END-USER INDUSTRY144
FIGURE 50CONSUMER ELECTRONICS SEGMENT TO GROW AT HIGHEST RATE DURING FORECAST PERIOD145
TABLE 114SURFACE MOUNT TECHNOLOGY (SMT) MARKET, BY END-USER INDUSTRY, 2019–2022 (USD MILLION)145
TABLE 115SURFACE MOUNT TECHNOLOGY (SMT) MARKET, BY END-USER INDUSTRY, 2023–2028 (USD MILLION)146
9.2CONSUMER ELECTRONICS146
9.2.1MINIATURIZATION OF CONSUMER ELECTRONICS146
TABLE 116CONSUMER ELECTRONICS: SURFACE MOUNT TECHNOLOGY (SMT) MARKET, BY REGION, 2019–2022 (USD MILLION)147
TABLE 117CONSUMER ELECTRONICS: SURFACE MOUNT TECHNOLOGY (SMT) MARKET, BY REGION, 2023–2028 (USD MILLION)147
9.3TELECOMMUNICATIONS148
9.3.1EMERGENCE OF WIRELESS COMMUNICATION TECHNOLOGIES148
TABLE 118TELECOMMUNICATIONS: SURFACE MOUNT TECHNOLOGY (SMT) MARKET, BY REGION, 2019–2022 (USD MILLION)148
TABLE 119TELECOMMUNICATIONS: SURFACE MOUNT TECHNOLOGY (SMT) MARKET, BY REGION, 2023–2028 (USD MILLION)149
9.4AEROSPACE & DEFENSE149
9.4.1RISING DEMAND FOR HIGH-QUALITY ELECTRONIC COMPONENTS149
FIGURE 51ADVANTAGES OF SURFACE MOUNT TECHNOLOGY (SMT) OVER THROUGH-HOLE TECHNOLOGY FOR AEROSPACE & DEFENSE INDUSTRY150
TABLE 120AEROSPACE & DEFENSE: SURFACE MOUNT TECHNOLOGY (SMT) MARKET, BY REGION, 2019–2022 (USD MILLION)150
TABLE 121AEROSPACE & DEFENSE: SURFACE MOUNT TECHNOLOGY (SMT) MARKET, BY REGION, 2023–2028 (USD MILLION)151
9.5AUTOMOTIVE151
9.5.1EXPANDING ELECTRIC VEHICLE (EV) MARKET151
TABLE 122AUTOMOTIVE: SURFACE MOUNT TECHNOLOGY (SMT) MARKET, BY REGION, 2019–2022 (USD MILLION)152
TABLE 123AUTOMOTIVE: SURFACE MOUNT TECHNOLOGY (SMT) MARKET, BY REGION, 2023–2028 (USD MILLION)152
9.6MEDICAL152
9.6.1RISING DIGITIZATION IN MEDICAL INDUSTRY152
TABLE 124MEDICAL: SURFACE MOUNT TECHNOLOGY (SMT) MARKET, BY REGION, 2019–2022 (USD MILLION)153
TABLE 125MEDICAL: SURFACE MOUNT TECHNOLOGY (SMT) MARKET, BY REGION, 2023–2028 (USD MILLION)153
9.7INDUSTRIAL154
9.7.1INCREASING ADOPTION OF AUTOMATION TECHNOLOGIES154
TABLE 126INDUSTRIAL: SURFACE MOUNT TECHNOLOGY (SMT) MARKET, BY REGION, 2019–2022 (USD MILLION)154
TABLE 127INDUSTRIAL: SURFACE MOUNT TECHNOLOGY (SMT) MARKET, BY REGION, 2023–2028 (USD MILLION)155
9.8ENERGY AND POWER SYSTEMS155
9.8.1UPGRADE OF ENERGY INFRASTRUCTURE155
TABLE 128ENERGY & POWER SYSTEMS: SURFACE MOUNT TECHNOLOGY (SMT) MARKET, BY REGION, 2019–2022 (USD MILLION)156
TABLE 129ENERGY & POWER SYSTEMS: SURFACE MOUNT TECHNOLOGY (SMT) MARKET, BY REGION, 2023–2028 (USD MILLION)156
10SURFACE MOUNT TECHNOLOGY (SMT) MARKET, BY REGION157
10.1INTRODUCTION158
FIGURE 52CHINA SURFACE MOUNT TECHNOLOGY (SMT) MARKET TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD158
TABLE 130SURFACE MOUNT TECHNOLOGY (SMT) MARKET, BY REGION, 2019–2022 (USD MILLION)158
TABLE 131SURFACE MOUNT TECHNOLOGY (SMT) MARKET, BY REGION, 2023–2028 (USD MILLION)159
10.2NORTH AMERICA159
FIGURE 53NORTH AMERICA: SNAPSHOT OF SURFACE MOUNT TECHNOLOGY (SMT) MARKET160
TABLE 132NORTH AMERICA: SURFACE MOUNT TECHNOLOGY (SMT) MARKET, BY END-USER INDUSTRY, 2019–2022 (USD MILLION)160
TABLE 133NORTH AMERICA: SURFACE MOUNT TECHNOLOGY (SMT) MARKET, BY END-USER INDUSTRY, 2023–2028 (USD MILLION)161
TABLE 134NORTH AMERICA: SURFACE MOUNT TECHNOLOGY (SMT) MARKET, BY EQUIPMENT, 2019–2022 (USD MILLION)161
TABLE 135NORTH AMERICA: SURFACE MOUNT TECHNOLOGY (SMT) MARKET, BY EQUIPMENT, 2023–2028 (USD MILLION)161
TABLE 136NORTH AMERICA: SURFACE MOUNT TECHNOLOGY (SMT) MARKET, BY COUNTRY, 2019–2022 (USD MILLION)162
TABLE 137NORTH AMERICA: SURFACE MOUNT TECHNOLOGY (SMT) MARKET, BY COUNTRY, 2023–2028 (USD MILLION)162
10.2.1US163
10.2.1.1Surge in domestic manufacturing163
10.2.2CANADA163
10.2.2.1Expanding consumer electronics industry163
10.2.3MEXICO164
10.2.3.1Growing automotive industry164
10.3EUROPE164
FIGURE 54EUROPE: SNAPSHOT OF SURFACE MOUNT TECHNOLOGY (SMT) MARKET165
TABLE 138EUROPE: SURFACE MOUNT TECHNOLOGY (SMT) MARKET, BY END-USER INDUSTRY, 2019–2022 (USD MILLION)165
TABLE 139EUROPE: SURFACE MOUNT TECHNOLOGY (SMT) MARKET, BY END-USER INDUSTRY, 2023–2028 (USD MILLION)166
TABLE 140EUROPE: SURFACE MOUNT TECHNOLOGY (SMT) MARKET, BY EQUIPMENT, 2019–2022 (USD MILLION)166
TABLE 141EUROPE: SURFACE MOUNT TECHNOLOGY (SMT) MARKET, BY EQUIPMENT, 2023–2028 (USD MILLION)167
TABLE 142EUROPE: SURFACE MOUNT TECHNOLOGY (SMT) MARKET, BY COUNTRY, 2019–2022 (USD MILLION)167
TABLE 143EUROPE: SURFACE MOUNT TECHNOLOGY (SMT) MARKET, BY COUNTRY, 2023–2028 (USD MILLION)167
10.3.1UK168
10.3.1.1Government-led support to boost telecommunications industry168
10.3.2GERMANY168
10.3.2.1Presence of established electronics manufacturing companies168
10.3.3FRANCE169
10.3.3.1Mass digitization of major industries169
10.3.4REST OF EUROPE169
10.4ASIA PACIFIC170
FIGURE 55ASIA PACIFIC: SNAPSHOT OF SURFACE MOUNT TECHNOLOGY (SMT) MARKET170
TABLE 144ASIA PACIFIC: SURFACE MOUNT TECHNOLOGY (SMT) MARKET, BY END-USER INDUSTRY, 2019–2022 (USD MILLION)171
TABLE 145ASIA PACIFIC: SURFACE MOUNT TECHNOLOGY (SMT) MARKET, BY END-USER INDUSTRY, 2023–2028 (USD MILLION)171
TABLE 146ASIA PACIFIC: SURFACE MOUNT TECHNOLOGY (SMT) MARKET, BY EQUIPMENT, 2019–2022 (USD MILLION)171
TABLE 147ASIA PACIFIC: SURFACE MOUNT TECHNOLOGY (SMT) MARKET, BY EQUIPMENT, 2023–2028 (USD MILLION)172
TABLE 148ASIA PACIFIC: SURFACE MOUNT TECHNOLOGY (SMT) MARKET, BY COUNTRY, 2019–2022 (USD MILLION)172
TABLE 149ASIA PACIFIC: SURFACE MOUNT TECHNOLOGY (SMT) MARKET, BY COUNTRY, 2023–2028 (USD MILLION)172
10.4.1CHINA173
10.4.1.1Government-led initiatives to increase domestic electronics manufacturing173
10.4.2JAPAN173
10.4.2.1Presence of key automobile manufacturers173
10.4.3SOUTH KOREA174
10.4.3.1Rising deployment of automation technologies174
10.4.4INDIA174
10.4.4.1Rising foreign investments174
10.4.5REST OF ASIA PACIFIC174
10.5ROW175
TABLE 150ROW: SURFACE MOUNT TECHNOLOGY (SMT) MARKET, BY END-USER INDUSTRY, 2019–2022 (USD MILLION)175
TABLE 151ROW: SURFACE MOUNT TECHNOLOGY (SMT) MARKET, BY END-USER INDUSTRY, 2023–2028 (USD MILLION)175
TABLE 152ROW: SURFACE MOUNT TECHNOLOGY (SMT) MARKET, BY EQUIPMENT, 2019–2022 (USD MILLION)176
TABLE 153ROW: SURFACE MOUNT TECHNOLOGY (SMT) MARKET, BY EQUIPMENT, 2023–2028 (USD MILLION)176
TABLE 154ROW: SURFACE MOUNT TECHNOLOGY (SMT) MARKET, BY COUNTRY, 2019–2022 (USD MILLION)176
TABLE 155ROW: SURFACE MOUNT TECHNOLOGY (SMT) MARKET, BY COUNTRY, 2023–2028 (USD MILLION)177
10.5.1SOUTH AMERICA177
10.5.1.1Localization of electronics production177
10.5.2MIDDLE EAST & AFRICA177
10.5.2.1Healthy growth of electronics industry177
11COMPETITIVE LANDSCAPE179
11.1OVERVIEW179
TABLE 156MAJOR COMPANIES ADOPTED PRODUCT LAUNCHES AS KEY GROWTH STRATEGY FROM 2019 TO 2022179
11.2MARKET SHARE ANALYSIS, 2022180
TABLE 157SURFACE MOUNT TECHNOLOGY (SMT) MARKET: DEGREE OF COMPETITION180
FIGURE 56MARKET SHARE OF KEY COMPANIES IN SURFACE MOUNT TECHNOLOGY (SMT) MARKET, 2022181
TABLE 158SURFACE MOUNT TECHNOLOGY (SMT) MARKET: RANKING ANALYSIS181
11.3REVENUE ANALYSIS182
FIGURE 57THREE-YEAR REVENUE ANALYSIS OF KEY COMPANIES, 2019–2021 (USD MILLION)182
11.4COMPETITIVE LEADERSHIP MAPPING, 2022183
11.4.1STARS183
11.4.2PERVASIVE PLAYERS183
11.4.3EMERGING LEADERS183
11.4.4PARTICIPANTS183
FIGURE 58SURFACE MOUNT TECHNOLOGY (SMT) MARKET (KEY PLAYERS): EVALUATION QUADRANT, 2022184
TABLE 159COMPANY FOOTPRINT185
TABLE 160EQUIPMENT: COMPANY FOOTPRINT186
TABLE 161END-USER INDUSTRY: COMPANY FOOTPRINT187
TABLE 162REGION: COMPANY FOOTPRINT188
 
11.5START-UP/SME EVALUATION QUADRANT, 2022189
11.5.1PROGRESSIVE COMPANIES189
11.5.2RESPONSIVE COMPANIES189
11.5.3DYNAMIC COMPANIES189
11.5.4STARTING BLOCKS189
FIGURE 59SURFACE MOUNT TECHNOLOGY (SMT) MARKET (SME): EVALUATION QUADRANT, 2022190
TABLE 163SURFACE MOUNT TECHNOLOGY (SMT) MARKET: LIST OF KEY START-UPS/SMES191
11.6COMPETITIVE SCENARIO AND TRENDS191
11.6.1PRODUCT LAUNCHES191
TABLE 164SURFACE MOUNT TECHNOLOGY (SMT) MARKET: PRODUCT LAUNCHES, JANUARY 2019–FEBRUARY 2022191
11.6.2DEALS193
TABLE 165SURFACE MOUNT TECHNOLOGY (SMT) MARKET: DEALS, JANUARY 2019–FEBRUARY 2022193