The Global Market for Surface Mount Technology Equipment is Projected to Reach US$4.5 Billion by 2020

Rise in Global Production of PCBs Drives the Surface Mount Technology Equipment Market, According to a New Report by Global Industry Analysts, Inc.

GIA announces the release of a comprehensive global report on Surface Mount Technology (SMT) Equipment. The global market for Surface Mount Technology Equipment is projected to reach US$4.5 billion by 2020, driven by the strong demand for electronic products and the ensuing increase in production of Printed Circuit Boards (PCBs).

The global market for Surface Mount Technology (SMT) equipment is driven by the telecommunications, computing and consumer appliances sectors, all of which are prolific users of Printed Circuit Boards (PCBs). PCBs are vital components of the omnipresent IC chip technology present in virtually all modern electronic devices. Earlier, components were mounted onto a PCB board using the “through-hole technology” either manually or by using automated insertion mount machines. However, the miniaturization trend led to significant board size reductions, making integration of electronic components onto a board a daunting task. SMT today plays a vital role in the PCB assembling process by enabling mounting of active and passive electronic components directly onto the surface of PCBs. Over the years, SMT equipment has contributed significantly towards simplifying PCB assembly operations, and enabling mass production of electronic devices.

Future growth in the market is forecast to come from emerging opportunities in automotive electronics, medical device electronics, aerospace, defense and military electronics. Adoption of advanced SMT equipment will be driven by the shifting focus of end-use markets from defect detection to defect prevention. The scenario is also creating lucrative opportunities for sophisticated SMT placement and inspection equipment. Demand for SMT inspection equipment is driven by the need to reduce resource wastages stemming from manufacturing defects, improve manufacturing processes, reduce associated costs, increase yield and enhance margins. Rising demand for light emitting diodes (LED) technology is also fuelling demand for SMT equipment. Encouraged by the growing popularity of LEDs, SMT equipment manufacturers are planning production capacity additions to accommodate the increasing demand from commercial and consumer electronics sectors.

As stated by the new market research report onSurface Mount Technology (SMT) Equipment, Asia-Pacific represents the single largest market worldwide. The region is forecast to emerge as the fastest growing market with a CAGR of 7.9% over the analysis period led by robust pace of industrialization, and growth in consumer and automotive electronics. SMT placement equipment represents the largest product market supported by the miniaturization trend and the resulting need for higher accuracy in the placement of semiconductor active components such as transistors and diodes, among others. In the SMT Inspection Systems market, Automatic X-Ray Inspection (AXI) Equipment and Automatic Optical Inspection (AOI) Equipment are expected to witness strong growth. AXI equipment is expected to benefit from the integration of computer tomography and intuitive programming.

Major players in the market include ASM Assembly Systems GmbH & Co. KG, Assembléon Netherlands BV, Conceptronic, CyberOptics Corporation, Electro Scientific Industries, Fuji Machine Manufacturing Co. Ltd., Glenbrook Technologies Inc., Heller Industries Inc., Juki Corporation, Kabushiki Kaisha Hitachi Seisakusho (Hitachi, Ltd),  Koh Young Technology Inc., Mycronic AB, Nikon Metrology NV, Nordson Corporation, Omron Corporation, Orbotech, Ltd,  Panasonic Corporation, Saki Corporation, Speedline Technologies Inc., Teradyne Inc ., Test Research Inc., Universal Instruments, Viscom AG, and YXLON International GmbH among others.

The research report titled “Surface Mount Technology (SMT) Equipment: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, product innovations/introduction, mergers, acquisitions and other strategic industry activities. The report provides market estimates and projections in US Dollars for all major geographic markets including the US, Europe, Asia-Pacific, and Rest of World (Canada, Latin America, the Middle East and Africa). Product markets analyzed include Screen Print Equipment (Manual, Semiautomatic, and Automatic), Placement Equipment (High-Speed, Medium-Speed, and Low-Speed), Soldering Equipment (Reflow Oven, and Wave Oven), Cleaning Equipment, Inspection Equipment (Optical, X-Ray, and Laser), and Repair and Rework Equipment (Manual, and Semiautomatic).

Comments

Post a Comment

Popular posts from this blog

The Global Market for Surfing is Projected to Reach US$9.5 Billion by 2022

Rise of Surfing as a Lifestyle Sport Among all Age Groups Drives the Global Surfing Market, According to a New Report by Global Industry Analysts, Inc. GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Surfing market. The global market for Surfing is projected to reach US$9.5 billion by 2022 , driven by the growing interest in surfing both as a leisure and sporting activity, increased accessibility to surfing through surf parks and surf pools and technology innovations focused on developing sophisticated surf-wear and surf-gear.                               Surfing is a surface water sport where a participant riding a board (the surfboard) is carried away by a breaking wave. The surfing industry continues to evolve, driven by sustained efforts of s...
Read more

The Global Market for Private Tutoring Services is Forecast to Reach US$227 Billion by 2022

Intense Competition among Students and the Growing Need to Achieve Academic Excellence Drive the Global Private Tutoring Market, According to a New Report by Global Industry Analysts, Inc. GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Private Tutoring market. The global market for Private Tutoring Services is forecast to reach US$227 billion by 2022 , driven by the need to keep pace with classroom teaching, improve overall competency and enhance knowledge and skill level. Education is considered the social ladder to achieve success in personal and professional life. Higher education is associated with increased opportunities in the labor market, high remunerations, and improved social standing. People are therefore investing heavily in children’s education, including private tutoring or private supplementary tutoring which is emerging as a major phenomenon in the global education system...
Read more
Image
The global market for Material Handling Equipment is projected to reach US$190.3 billion by 2025, driven by the strong emphasis shed on production and operational efficiency and worker safety. The concept of “last mile” is widely popularized in supply chain management and transportation planning for its ability to increase customer satisfaction and profitability. Automation, optimization and delivery route planning are therefore vital strategies adopted by companies to improve their last mile performance. Of equal importance are the “first mile” operations involving indoor material handling on the plant floor. Raw material being the primary and most importance element in manufacturing needs to move through multiple stages of production and final packaging in a smooth and seamless manner to prevent logistical bottlenecks in production. Timely handling of materials is important to ensure that right materials in right quantities are delivered to the right locations at the right ti...
Read more