SMT Placement Equipment Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (Placing Machines, Screen Printers); End User (Consumer Electronics, Medical, Automotive, Telecom, Others) and Geography
Report Code: TIPRE00019378
| No. of Pages: 150
| Category: Electronics and Semiconductor
| Status: Upcoming
MARKET OVERVIEW Surface mount technology component placement systems, commonly called pickoandoplace machines, these robotic machines are used to place surfaceomount devices (SMDs) on a printed circuit board. SMT placement equipment is used for high speed, high precision placing of a broad range of electronic components such as capacitors, resistors, integrated circuits on the PCBs which are majorly used in computers, telecommunications equipment, industrial equipment, medical instruments, automotive systems, military systems, consumer electronic goods, and aerospace engineering.
MARKET SCOPE The "Global SMT Placement Equipment Market Analysis to 2028" is a specialized and inodepth study with a special focus on the global market trend analysis. The report aims to provide an overview of the SMT placement equipment market with detailed market segmentation by type, end user, and geography. The report provides key statistics on the market status of the leading SMT placement equipment market players and offers key trends and opportunities in the market.
Based on type, the global SMT placement equipment market is segmented into placing machines and screen printers.
On the basis of end user, the market is segmented into consumer electronics, medical, automotive, telecom, and others.
Growing telecommunications equipment expenditures coupled with the increasing spending on the medical and automotive industry, retrofitting and renovation of old technology is the major driving factor for the growth of the SMT placement equipment market.
Modern consumer electronic products, such as laptops, TVs, smartphones, tablets, and others are manufactured through SMT technology. An increase in the sale of consumer electronic products coupled with the expansion of computing and storage industries are also driving the demand for the SMT placement equipment market over the forecast period.
High cost of this technology may hinder the growth of the SMT placement equipment market.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, AsiaoPacific (APAC), the Middle East and Africa (MEA), and South America. The SMT placement equipment market by each region is later subosegmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region. The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting 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 affecting the SMT placement equipment market in these regions.
IMPACT OF COVID-19 ON SMT PLACEMENT EQUIPMENT MARKET COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, AsiaoPacific, and North America are affecting the business collaborations and partnerships opportunities.
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The report covers key developments in the SMT placement 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 the expansion of business and customer base of market players. The market players from SMT placement equipment market are anticipated to lucrative growth opportunities in the future with the rising demand in the global market. The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the SMT placement equipment market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
ASM Pacific Technology
Blakell Europlacer Group
DDM Novastar Inc.
JUKI Automation Systems GmbH
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.