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Surface Mount Technology Market Growth, Forecast and Value Chain 2015-2025: FMI Estimate

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Surface mount technology is a method through which electronic circuit is produced. In this technology, components of electronic circuits are placed directly onto the surface of printed circuit boards (PCBs). An electronic device made with surface mo
Global Surface
Mount Technology
Market
Share, Global Trends,
Analysis, Research, Report,
Opportunities,
Segmentation and Forecast,
2015 – 2025
Future Market Insights
www.futuremarketinsights.com
[email protected]
Report
Description
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Surface mount technology is a method through which electronic circuit is produced. In this
technology, components of electronic circuits are placed directly onto the surface of printed
circuit boards (PCBs). An electronic device made with surface mount technology is called as
surface mount device. In present time, all mass produced electronics hardware are
manufactured by using surface mount technology.
Surface Mount Technology Market: Drivers and Restraints
Global Surface Mount Technology market is expected to grow rapidly during the forecast period.
Factors which are driving the growth of global Surface Mount Technology market are growing
electronics industry, increasing use of flexible materials printed circuit boards, increasing mass
production of electronics hardware devices and rising miniaturization trend & need for
mounting electrical & mechanical components. On the other hand factors which are restraining
the growth of global surface mount technology market are high cost of surface mount
equipment system, surface mount technology is unsuitable for high power or high voltage parts
such as power circuitry.
Surface Mount Technology Market: Segmentation
Global surface mount technology market is segmented on the basis of application, equipment,
component and region. By application the global surface mount technology market can be
segmented into telecommunication, consumer appliances, automotive, medical, defence &
aerospace and Industrial sectors. Out of all these applications, global surface mount technology
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Description
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continuous to encourage the demand of telecommunication, consumer appliances and
computing sector. However the market is expected to witness significant opportunity during
forecast period for specific applications such as automotive, medical and defence.
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By equipment, the global surface mount technology market can be segmented into screen print
equipment, soldering equipment, placement equipment, inspection equipment, cleaning
equipment, and repair and rework equipment. Out of all these equipment’s, screen print
equipment market is expected to grow rapidly during the period of forecast. Surface mount
technology equipment manufacturers are focusing on diversification of product offerings.
Increasing demand of high quality SMT equipment from contract manufacturers and original
equipment manufacturers expected to benefit the growth of surface mount technology market.
By component, global surface mount technology market can be segmented into passive surface
mount devices, transistor & diodes and integrated circuits. Passive surface mount devices are
available in range of package sizes. Though, majority of passive surface mount devices are either
resistor or capacitors for which package sizes are relatively standardized. Transistors & diodes
are often enclosed in a small plastic package.For integrated circuits variety of packages are used.
The package used for integrated circuit is dependable on level of interconnectivity required
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By region, the global surface mount technology market can be segmented into seven regions
such as North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding
Japan, Japan as separate region and Middle East & Africa. Out of all this region, Asia Pacific
region is expected to grow rapidly during the period of forecast because of booming electronic
contract manufacturing into this region. Additionally, rapid growth of industrialization, GDP
growth and growing infrastructural development into this region offers great growth prospects
for the growth of surface mount technology market. Latin America region is expected to be
second fastest growing market, followed by Asia Pacific region. Western Europe market is
affected severely due to volatile economic conditions. However European government started
focusing on development of hardware & manufacturing industry by supporting innovative startups and electronic manufacturing clusters in the region.
Surface Mount Technology Market: Key Players
Key market players in global surface mount technology are ASM Assembly Systems GmbH & Co.
KG, CyberOptics®, FUJI MACHINE MFG. CO., LTD., Juki Corporation, Hitachi High Technologies
Corporation, Nikon Metrology NV Tioga Limited, Allen Organ Company LLC., Omron Corporation
and Panasonic Corporation. Key players are primarily focusing on research & development
activity in order to develop innovative technology.
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