The surface mount technology (SMT) is a method for producing electronic circuits in which the components are mounted directly to the surface of printed circuit boards. SMT provides various advantages such as reduced material handling costs, reduced board costs, and controlled manufacturing process. The increasing demand for flex circuits in the wearable electronics industry is the major factor driving the demand for surface mount technology market. Placement equipment among the equipment type is expected to hold a significant market share and is expected to grow at a good CAGR.
MARKET DYNAMICS
The growing popularity of miniaturized consumer electronics, increasing demand for flex circuits in mobile phone and smart card industry are the major factors that are expected to drive the growth of the surface mount technology equipment market. However, high investment costs for setting up the machinery is expected to hinder the growth of the surface mount technology equipment market. Asia-Pacific holds a significant share of the surface mount technology equipment market and is expected to grow at a high CAGR owing to the presence of strong semiconductor and consumer electronics industry.
MARKET SCOPE
The "Global Surface Mount Technology Equipment Market Analysis to 2031" is a specialized and in-depth study of the surface mount technology equipment industry with a special focus on the global market trend analysis. The report aims to provide an overview of surface mount technology equipment market with detailed market segmentation by equipment, industry vertical and geography. The global surface mount technology equipment market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading surface mount technology equipment market players and offers key trends and opportunities in the surface mount technology equipment market.
MARKET SEGMENTATION
The global surface mount technology equipment market is segmented on the basis of equipment and industry vertical. On the basis of equipment the market is segmented as placement equipment, inspection, soldering equipment, cleaning equipment, and others. Based on industry vertical, the market is segmented as consumer automotive, aerospace and defense, consumer electronics, healthcare, industrial, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global surface mount technology equipment market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The surface mount technology equipment market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting surface mount technology equipment market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the surface mount technology equipment market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global surface mount technology equipment market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The surface mount technology equipment market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting surface mount technology equipment market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the surface mount technology equipment market in these regions.
MARKET PLAYERS
The reports cover key developments in the surface mount technology equipment market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market payers from surface mount technology equipment market are anticipated to lucrative growth opportunities in the future with the rising demand for surface mount technology equipment in the global market. Below mentioned is the list of few companies engaged in the surface mount technology equipment market.
The report also includes the profiles of key surface mount technology equipment companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Autotronik-SMT GmbH
- Hangzhou NeoDen Technology Co.,Ltd
- Hitachi High-Tech Corporation
- Juki Corporation
- Mycronic
- Nordson Corporation
- Panasonic Corporation
- Saki Corporation.
- Seika Machinery, Inc.
- Yamaha Motor Co., Ltd.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Surface Mount Technology Equipment Market - By Equipment Type
1.3.2 Surface Mount Technology Equipment Market - By Industry Vertical
1.3.3 Surface Mount Technology Equipment Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. SURFACE MOUNT TECHNOLOGY EQUIPMENT MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. SURFACE MOUNT TECHNOLOGY EQUIPMENT MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. SURFACE MOUNT TECHNOLOGY EQUIPMENT MARKET - GLOBAL MARKET ANALYSIS
6.1. SURFACE MOUNT TECHNOLOGY EQUIPMENT - GLOBAL MARKET OVERVIEW
6.2. SURFACE MOUNT TECHNOLOGY EQUIPMENT - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. SURFACE MOUNT TECHNOLOGY EQUIPMENT MARKET - REVENUE AND FORECASTS TO 2028 - EQUIPMENT TYPE
7.1. OVERVIEW
7.2. EQUIPMENT TYPE MARKET FORECASTS AND ANALYSIS
7.3. PLACEMENT EQUIPMENT
7.3.1. Overview
7.3.2. Placement Equipment Market Forecast and Analysis
7.4. INSPECTION
7.4.1. Overview
7.4.2. Inspection Market Forecast and Analysis
7.5. SOLDERING EQUIPMENT
7.5.1. Overview
7.5.2. Soldering Equipment Market Forecast and Analysis
7.6. CLEANING EQUIPMENT
7.6.1. Overview
7.6.2. Cleaning Equipment Market Forecast and Analysis
7.7. OTHERS
7.7.1. Overview
7.7.2. Others Market Forecast and Analysis
8. SURFACE MOUNT TECHNOLOGY EQUIPMENT MARKET - REVENUE AND FORECASTS TO 2028 - INDUSTRY VERTICAL
8.1. OVERVIEW
8.2. INDUSTRY VERTICAL MARKET FORECASTS AND ANALYSIS
8.3. AUTOMOTIVE
8.3.1. Overview
8.3.2. Automotive Market Forecast and Analysis
8.4. AEROSPACE AND DEFENSE
8.4.1. Overview
8.4.2. Aerospace and Defense Market Forecast and Analysis
8.5. CONSUMER ELECTRONICS
8.5.1. Overview
8.5.2. Consumer Electronics Market Forecast and Analysis
8.6. HEALTHCARE
8.6.1. Overview
8.6.2. Healthcare Market Forecast and Analysis
8.7. INDUSTRIAL
8.7.1. Overview
8.7.2. Industrial Market Forecast and Analysis
8.8. OTHERS
8.8.1. Overview
8.8.2. Others Market Forecast and Analysis
9. SURFACE MOUNT TECHNOLOGY EQUIPMENT MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Surface Mount Technology Equipment Market Overview
9.1.2 North America Surface Mount Technology Equipment Market Forecasts and Analysis
9.1.3 North America Surface Mount Technology Equipment Market Forecasts and Analysis - By Equipment Type
9.1.4 North America Surface Mount Technology Equipment Market Forecasts and Analysis - By Industry Vertical
9.1.5 North America Surface Mount Technology Equipment Market Forecasts and Analysis - By Countries
9.1.5.1 United States Surface Mount Technology Equipment Market
9.1.5.1.1 United States Surface Mount Technology Equipment Market by Equipment Type
9.1.5.1.2 United States Surface Mount Technology Equipment Market by Industry Vertical
9.1.5.2 Canada Surface Mount Technology Equipment Market
9.1.5.2.1 Canada Surface Mount Technology Equipment Market by Equipment Type
9.1.5.2.2 Canada Surface Mount Technology Equipment Market by Industry Vertical
9.1.5.3 Mexico Surface Mount Technology Equipment Market
9.1.5.3.1 Mexico Surface Mount Technology Equipment Market by Equipment Type
9.1.5.3.2 Mexico Surface Mount Technology Equipment Market by Industry Vertical
9.2. EUROPE
9.2.1 Europe Surface Mount Technology Equipment Market Overview
9.2.2 Europe Surface Mount Technology Equipment Market Forecasts and Analysis
9.2.3 Europe Surface Mount Technology Equipment Market Forecasts and Analysis - By Equipment Type
9.2.4 Europe Surface Mount Technology Equipment Market Forecasts and Analysis - By Industry Vertical
9.2.5 Europe Surface Mount Technology Equipment Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Surface Mount Technology Equipment Market
9.2.5.1.1 Germany Surface Mount Technology Equipment Market by Equipment Type
9.2.5.1.2 Germany Surface Mount Technology Equipment Market by Industry Vertical
9.2.5.2 France Surface Mount Technology Equipment Market
9.2.5.2.1 France Surface Mount Technology Equipment Market by Equipment Type
9.2.5.2.2 France Surface Mount Technology Equipment Market by Industry Vertical
9.2.5.3 Italy Surface Mount Technology Equipment Market
9.2.5.3.1 Italy Surface Mount Technology Equipment Market by Equipment Type
9.2.5.3.2 Italy Surface Mount Technology Equipment Market by Industry Vertical
9.2.5.4 United Kingdom Surface Mount Technology Equipment Market
9.2.5.4.1 United Kingdom Surface Mount Technology Equipment Market by Equipment Type
9.2.5.4.2 United Kingdom Surface Mount Technology Equipment Market by Industry Vertical
9.2.5.5 Russia Surface Mount Technology Equipment Market
9.2.5.5.1 Russia Surface Mount Technology Equipment Market by Equipment Type
9.2.5.5.2 Russia Surface Mount Technology Equipment Market by Industry Vertical
9.2.5.6 Rest of Europe Surface Mount Technology Equipment Market
9.2.5.6.1 Rest of Europe Surface Mount Technology Equipment Market by Equipment Type
9.2.5.6.2 Rest of Europe Surface Mount Technology Equipment Market by Industry Vertical
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Surface Mount Technology Equipment Market Overview
9.3.2 Asia-Pacific Surface Mount Technology Equipment Market Forecasts and Analysis
9.3.3 Asia-Pacific Surface Mount Technology Equipment Market Forecasts and Analysis - By Equipment Type
9.3.4 Asia-Pacific Surface Mount Technology Equipment Market Forecasts and Analysis - By Industry Vertical
9.3.5 Asia-Pacific Surface Mount Technology Equipment Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Surface Mount Technology Equipment Market
9.3.5.1.1 Australia Surface Mount Technology Equipment Market by Equipment Type
9.3.5.1.2 Australia Surface Mount Technology Equipment Market by Industry Vertical
9.3.5.2 China Surface Mount Technology Equipment Market
9.3.5.2.1 China Surface Mount Technology Equipment Market by Equipment Type
9.3.5.2.2 China Surface Mount Technology Equipment Market by Industry Vertical
9.3.5.3 India Surface Mount Technology Equipment Market
9.3.5.3.1 India Surface Mount Technology Equipment Market by Equipment Type
9.3.5.3.2 India Surface Mount Technology Equipment Market by Industry Vertical
9.3.5.4 Japan Surface Mount Technology Equipment Market
9.3.5.4.1 Japan Surface Mount Technology Equipment Market by Equipment Type
9.3.5.4.2 Japan Surface Mount Technology Equipment Market by Industry Vertical
9.3.5.5 South Korea Surface Mount Technology Equipment Market
9.3.5.5.1 South Korea Surface Mount Technology Equipment Market by Equipment Type
9.3.5.5.2 South Korea Surface Mount Technology Equipment Market by Industry Vertical
9.3.5.6 Rest of Asia-Pacific Surface Mount Technology Equipment Market
9.3.5.6.1 Rest of Asia-Pacific Surface Mount Technology Equipment Market by Equipment Type
9.3.5.6.2 Rest of Asia-Pacific Surface Mount Technology Equipment Market by Industry Vertical
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Surface Mount Technology Equipment Market Overview
9.4.2 Middle East and Africa Surface Mount Technology Equipment Market Forecasts and Analysis
9.4.3 Middle East and Africa Surface Mount Technology Equipment Market Forecasts and Analysis - By Equipment Type
9.4.4 Middle East and Africa Surface Mount Technology Equipment Market Forecasts and Analysis - By Industry Vertical
9.4.5 Middle East and Africa Surface Mount Technology Equipment Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Surface Mount Technology Equipment Market
9.4.5.1.1 South Africa Surface Mount Technology Equipment Market by Equipment Type
9.4.5.1.2 South Africa Surface Mount Technology Equipment Market by Industry Vertical
9.4.5.2 Saudi Arabia Surface Mount Technology Equipment Market
9.4.5.2.1 Saudi Arabia Surface Mount Technology Equipment Market by Equipment Type
9.4.5.2.2 Saudi Arabia Surface Mount Technology Equipment Market by Industry Vertical
9.4.5.3 U.A.E Surface Mount Technology Equipment Market
9.4.5.3.1 U.A.E Surface Mount Technology Equipment Market by Equipment Type
9.4.5.3.2 U.A.E Surface Mount Technology Equipment Market by Industry Vertical
9.4.5.4 Rest of Middle East and Africa Surface Mount Technology Equipment Market
9.4.5.4.1 Rest of Middle East and Africa Surface Mount Technology Equipment Market by Equipment Type
9.4.5.4.2 Rest of Middle East and Africa Surface Mount Technology Equipment Market by Industry Vertical
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. SURFACE MOUNT TECHNOLOGY EQUIPMENT MARKET, KEY COMPANY PROFILES
11.1. AUTOTRONIK-SMT GMBH
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. HANGZHOU NEODEN TECHNOLOGY CO.,LTD
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. HITACHI HIGH-TECH CORPORATION
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. JUKI CORPORATION
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. MYCRONIC
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. NORDSON CORPORATION
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. PANASONIC CORPORATION
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. SAKI CORPORATION.
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. SEIKA MACHINERY, INC.
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. YAMAHA MOTOR CO., LTD.
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Autotronik-SMT GmbH
2. Hangzhou NeoDen Technology Co.,Ltd
3. Hitachi High-Tech Corporation
4. Juki Corporation
5. Mycronic
6. Nordson Corporation
7. Panasonic Corporation
8. Saki Corporation.
9. Seika Machinery, Inc.
10. Yamaha Motor Co., Ltd.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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