Global SMT Equipment Market to Expand as New Consumer Electronics Emerge across the Industry - TMR

- Development of fresh lines for manufacturing of electronic devices and technologies has unravelled fresh opportunities for market growth and expansion across the SMT equipment market

-  The growing demand for consumer electronics across several key sectors has also aided market expansion; There is little contention about the need for SMT equipment in the telecommunication industry

ALBANY, N.Y., Jan. 26, 2021 /PRNewswire/ -- The demand within the global SMT equipment market is slated to rise alongside advancements in manufacturing and engineering technologies. The use of surface mount technology (SMT) is an inherent part of large manufacturing units who are focused on agile production. The growing inclination of the industrial sector towards lean operations and management has brought SMT equipment under the spotlight of attention. Over the course of the next decade, the use of pick-and-place equipment is slated to increase by leaps and bounds. There is little contention about the importance of component placement systems across leading industries. The evident relevance of these systems for the industrial sector shall give an impetus to the growth of the global SMT equipment market.

It is expected that the global SMT equipment market would reach a value of 9.8 Bn by the end of 2030. The CAGR of the global SMT equipment market is tabulated at 4.5% for the period between 2020 and 2030, and this is a strong cue for gauging the growth dynamic of the market. The growth of the global SMT equipment market is a direct function of advancements in screen printing equipment, cleaning equipment, and soldering technologies. The total worth of the global SMT equipment market is projected to increase as the electronics industry undergoes rapid developments.

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Key Findings of Market Report

• Advancements in Robotic Technologies

The growing inclination of the masses towards robotic technologies has resulted in the discovery of new exploration ideas. The use of automation and robotic technologies across the industrial sector has boded well for the growth of the global SMT equipment market. Therefore, the global SMT equipment market is slated to attract attention from leading entities and stakeholders. The use of surface mounted equipment is a key consideration for units operating in the domain of electronic manufacturing. The use of circuit boards and capacitors is a resilient dynamic of the industrial manufacturing sector, creating new inlets for growth and advancement.

• Use of Printed Circuit Boards

Printed circuit boards are relevant devices used for manufacturing high-end electronic devices. Besides, SMT devices are mounted over these boards with the help of robotic technologies. This is an important consideration from the perspective of growth and development within the global market. Over the course of the next decade, the use of integrated circuits, capacitors, and PCBs is projected to increase by leaps and bounds in the times to follow. There is unprecedented demand for new-age electronic devices that can help in heeding to the needs of the masses. This factor is also redefining the sales graph of the global SMT equipment market.

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Global SMT Equipment Market: Key Drivers

• The use of electronic systems in the defense sector has aided the growth of the global SMT equipment market.
• Use of high-end transistors and diodes for the purpose of cleaning and printing has also generated fresh opportunities for market expansion.
• Over the course of the next decade, the revenues index of the global SMT equipment market shall improve as the demand for consumer electronics increases.
• The telecommunications industry has also become a sound consumer of SMT equipment in recent times.
• The defense industry is a haven of opportunities for the electronics industry, mainly because of the need for heavy-duty defense equipment across the globe.
• The presence of sound domains for automotive, energy, power system, and medical production has also given a thrust to market growth.

Analyze Global SMT Equipment Market growth in 30+ countries including US, Canada, Germany, United Kingdom, France, Italy, Russia, Poland, Benelux, Nordic, China, Japan, India, and South Korea. Request a sample of the study

Global SMT Equipment Market: Competitors

• ASM Assembly Systems GmbH & Co.KG
• Mycronic AB
• Viscom AG
• Fuji Machine Manufacturing Co., Ltd.
• Hitachi High-Technologies Corporation

Explore 149 pages of superlative research, current market scenario, and extensive geographical projections. Gain insights into the SMT Equipment Market (Equipment Type: Inspection Equipment, Placement Equipment, Soldering Equipment, Screen Printing Equipment, Cleaning Equipment, and Others; Component: Passive Surface-mount Devices, Transistor & Diodes, and Integrated Circuits; and Application: Consumer Electronics, Telecommunication, Aerospace & Defense, Automotive, Medical, Industrial, and Energy & Power Systems) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020-2030 at https://www.transparencymarketresearch.com/smt-equipment-market.html

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