Surface Mount Technology Equipment Market Size, Share, Report, Analysis, Trends & Forecast to 2023

According to Stratistics MRC, the Global Surface Mount Technology Equipment market is estimated at $3.26 billion in 2016 and is expected to reach $6.21 billion by 2023 growing at a CAGR of 9.6% from 2016 to 2023.

Gaithersburg, US – July 18, 2017 /MarketersMedia/ —

Factors such as rising acceptance of electric vehicles, growing demand for LED lighting, rising use of flexible materials printed circuit boards and rising usage of flex circuits in electronic devices are some factors propelling the market growth. In addition, government initiatives and useful application of the equipments across a number of end user industries are some of the factors anticipated to provide growth opportunities for the market. However, high investment cost of machinery for setting up production units and high cost of equipment are hindering the market growth.

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Amongst equipments, placement equipment is anticipated to hold the major share in the overall market during the forecast period. The growth for this segment is mainly driven by the need for higher accuracy, product miniaturization, improved speed, and flexibility. By Application, consumer electronics held the largest market share which can be attributed to the growing miniaturization of electronic devices. Asia Pacific dominated the global market during the forecast period due to the booming electronic contract manufacturing into this region. Moreover, GDP growth and rising infrastructural improvement in this region offers great growth opportunities for the market.

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Some of the key players in the market include Yamaha, Viscom AG, Panasonic, Orbotech Ltd., Nordson Corporation, Mycronic AB, Juki Corporation, Hitachi High-Technologies Corporation, Fuji Machine Manufacturing Co., Ltd., Electro Scientific Industries, Inc., Cyberoptics Corporation, Assembléon, ASM Assembly Systems GmbH & Co. Kg, KLA-Tencor Corporation and Allen Organ Company LLC.

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Equipments Covered:
• Soldering Equipment
o Reflow Oven
o Wave Oven
• Placement Equipment
o Based on Type
o Based on Speed
• Inspection Equipment
o X-Ray Inspection Equipment
o Optical Inspection Equipment
o Laser Inspection Equipment
• Cleaning Equipment
• Repair and Rework Equipment
o Semiautomatic
o Automatic
• Screen Printing Equipment
o Semiautomatic
o Manual
o Automatic

Components Covered:
• Transistor & Diodes
• Passive Surface-Mount Devices
o Capacitor
o Resistor
• Integrated Circuits

Services Covered:
• Aftermarket Services
• Design
• Manufacturing
• Test and Prototype
• Supply Chain Services

Applications Covered:
• Aerospace & Defense
• Consumer Electronics
• Industrial
• Energy and Power Systems
• Telecommunication
• Medical
• Automotive
• Other Application

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o Rest of Asia Pacific
• Rest of the World
o Middle East
o Brazil
o Argentina
o South Africa
o Egypt

What our report offers:
– Market share assessments for the regional and country level segments
– Market share analysis of the top industry players
– Strategic recommendations for the new entrants
– Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets
– Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
– Strategic recommendations in key business segments based on the market estimations
– Competitive landscaping mapping the key common trends
– Company profiling with detailed strategies, financials, and recent developments
– Supply chain trends mapping the latest technological advancements

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About Stratistics MRC
We offer wide spectrum of research and consulting services with in-depth knowledge of different industries. We are known for customized research services, consulting services and Full Time Equivalent (FTE) services in the research world. We explore the market trends and draw our insights with valid assessments and analytical views. We use advanced techniques and tools among the quantitative and qualitative methodologies to identify the market trends.

Our research reports and publications are routed to help our clients to design their business models and enhance their business growth in the competitive market scenario. We have a strong team with hand-picked consultants including project managers, implementers, industry experts, researchers, research evaluators and analysts with years of experience in delivering the complex projects.

Contact Info:
Name: James Lamb
Email: info@strategymrc.com
Organization: Stratistics Market Research Consulting Pvt Ltd

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Source: MarketersMedia

Release ID: 218369

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