Quest for Speed & Flexibility in Electronics Manufacturing to Drive Demand for Surface Mount Technology (SMT) Equipment
The global
market for Surface Mount Technology (SMT) Equipment is projected to reach US$5.7
billion by 2025,
driven by technological innovations in next-generation
electronics, continued craze and rising demand for mobile communications
devices, need for speed & flexibility in electronics manufacturing, and
rise in number of electronic contract manufacturers.
Surface mount technology (SMT) represents a method by
which an electronic circuit is produced. The technology involves direct
placement of electronic circuit components on the surface of printed circuit
boards (PCBs). SMT significantly varies from conventional thru-hole soldering
technology as it primarily uses principles and soldering equipment that typically
differ from the traditional method, and provides enhanced electrical
conductivity and more reliability than the thru-hole technology. All
electronics hardware mass-manufactured today are produced using surface mount
technology. World market for SMT
equipment is being driven by the rapid rise in the electronics market,
particularly in Asia-Pacific region. Growing global trends of continuous
launching of new products, higher production speed, miniaturization, and
growing demand from 4G telecom networks, mobile phones, CFL/LED lighting
products, LED/LCD television sets, and many other electronics items is forecast
to drive SMT equipment demand. Further, demand for light-weight and more
efficient electronic appliances in automotive and medical sectors are predicted
to fuel SMT equipment sales over the next few years.
Increasing demand from manufacturers of microelectronics
equipment and PCBs is having a major bearing on SMT equipment market. The
future SMT equipment market would also be driven by increased utilization of
flexible materials in PCBs, growing electronics industry, rise in mass
manufacture of electronic hardware, growing trends of miniaturization, and the
need for mounting mechanical and electrical components. Growing demand from
original as well as contract equipment manufacturers for high quality equipment
is also expected to drive market growth. However, the industry might face
certain restraining factors such as the high cost of the surface mount
equipment, and the unsuitability of the technology for high-voltage and
high-power circuitry.
As stated by the new market
research report on Surface
Mount Technology (SMT) Equipment, Asia-Pacific represents the largest and
the fastest growing market exhibiting a
CAGR of 8.2% during the analysis period. The growth in the region is led by booming
electronics contract manufacturing sector in Southeast Asian countries. Factors such as booming sector of electronic
contract manufacturing, rapid development of industrialization and
infrastructure, and GDP growth of the region offers high growth opportunities
for SMT equipment. In Europe, growth will be supported by the European
governments’ focus on the development of the manufacturing sector, especially electronics
and hardware production by supporting manufacturing clusters and start-ups in
the region.
Major players in the market
include ASM Assembly Systems GmbH & Co. KG, CyberOptics Corporation,
Electro Scientific Industries, Inc., Fuji Corporation, Glenbrook Technologies,
Inc., Heller Industries, Inc., Illinois Tool Works, Inc., Juki Corporation, Koh
Young Technology, Inc., Kulicke & Soffa Pte Ltd., Mycronic AB, Naprotek,
Inc., Nikon Metrology NV, Nordson DAGE, Omron Corporation, Orbotech, Ltd.,
Panasonic Corporation, Saki Corporation, Teradyne, Inc., Universal Instruments
Corporation, Viscom AG, Yamaha Motor Co. Ltd., and YXLON International GmbH, among
others.
The research report titled
"Surface
Mount Technology (SMT) Equipment- Market Analysis, Trends, and Forecasts"
announced by Global Industry Analysts, Inc.,
provides a comprehensive review of market trends, drivers, and strategic
industry activities of major companies worldwide. The report provides market
estimates and projections in value terms (US$ Thousand) for all major
geographic markets including the US, Japan, Europe, Asia-Pacific (China, South
Korea, Taiwan, and Rest of Asia Pacific), and Rest of World. The report also
analyzes the global and regional markets for Surface Mount Technology (SMT)
Equipment by product groups/segments - 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), Repair & Rework Equipment
Manual, and Semiautomatic).
Global Industry Analysts, Inc.
6150 Hellyer Ave., San Jose CA 95138, USA, All Rights Reserved.
Comments
Post a Comment