Summary

The surface mount technology (SMT) market is projected to grow from USD 5.8 billion in 2023 to reach USD 8.4 billion by 2028; it is expected to grow at a CAGR of 7.8% during the forecast period. The major opportunities for the surface mount technology (SMT) market include the integration of biometrics and security into consumer electronics devices and medical devices.
Aerospace & defense is expected to have a significant CAGR of the surface mount technology (SMT) market during the forecast period
The aerospace and defense industry requires high-quality equipment that can deliver high performance and zero failure rate. Owing to factors such as better thermal dissipation, lighter weight, and smaller volume, surface mount technology (SMT) is replacing conventional through-hole technology in the aerospace and defense industry. Modern-day highly advanced aeronautic and defense equipment comprises electronic devices such as auto-pilot systems, radar, and flight simulation systems. Reduced component size, demand for high-density printed circuit boards, and increasing semiconductor and electronics manufacturing are driving the growth of the surface mount technology (SMT) market.
Screen printing equipment is expected to have a significant market size during the forecast period.
Screen Printing equipment is used to print customized PCBs for surface mount technology. The primary factors that must be considered while selecting Screen Printing equipment include productivity, flexibility, cost-effectiveness, and usability. The screen-printing equipment is further segmented into three types: automatic, semiautomatic, and manual. Based on the degree of automation in this equipment, the cost associated with them increases.
North America is expected to grow with the second-highest CAGR during the forecast period.
In North America, SMT assembly solutions, such as printing, placement, reflow, and board handling technologies, are used to achieve high quality and price performance in consumer electronics. The placement equipment segment in North America will grow significantly during the forecast period. The increasing demand for mobile and Internet-connected devices, consumer electronics, automotive, and telecommunications, coupled with the need for higher accuracy, product miniaturization, and improved speed, drives the growth of the SMT market for placement equipment.

In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews have been conducted with key officials in the surface mount technology (SMT) market. Following is the breakup of the profiles of the primary participants for the report.

• By Company Type: Tier 1 – 18 %, Tier 2 – 22%, and Tier 3 – 60%
• By Designation: C-Level Executives –21%, Managers- 35%, and Others – 44%
• By Region: North America– 45%, Asia Pacific – 30%, Europe- 20% and RoW – 5%
The report profiles key players in the surface mount technology (SMT) market and analyzes their market shares. Players profiled in this report are Fuji Corporation (Japan), Mycronic AB (Sweden), Nordson Corporation (US), Viscom AG (Germany), KLA Corporation (US), Juki Corporation (Japan), Hitachi High-Technologies Corporation (Japan), ASM Assembly Systems (Germany), Yamaha Motor (Japan), Saki Corporation (Japan), Europlacer (UK), Neoden (India), Panasonic Corporation (Japan), Kasdon Electronics (UK), Ohmite Manufacturing (US), KBC Electronics (US), DDM Novastar (US), ThermOmegaTech (US), Altek Electronics (US), ABL Circuits (UK), Mirtec manufactures (South Korea), Machine Vision Products (US), Cirexx (US), 4E Technology (UK), and ACD Digital Systems (Australia).
Research Coverage
The report defines, describes, and forecasts the surface mount technology (SMT) market based on equipment, component, service, end user industry and geography. It provides detailed information regarding factors such as drivers, restraints, opportunities, and challenges influencing the growth of the surface mount technology (SMT) market. It also analyzes competitive developments such as product launches, acquisitions, expansions, contracts, partnerships, and developments carried out by the key players to grow in the market.
Reasons to Buy This Report
The report will help leaders/new entrants in the surface mount technology (SMT) market in the following ways:
1. The report segments the surface mount technology (SMT) market comprehensively and provides the closest market size estimation for all subsegments across regions.
2. The report will help stakeholders understand the pulse of the market and provide them with information on key drivers, restraints, challenges, and opportunities in the surface mount technology (SMT) market.
3. The report will help stakeholders understand their competitors better and gain insights to improve their position in the surface mount technology (SMT) market. The competitive landscape section describes the competitor ecosystem.
4. Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the surface mount technology (SMT) market


5. In-depth assessment of market shares, growth strategies and equipment offerings of leading players like Fuji Corporation (Japan), Mycronic AB (Sweden), Nordson Corporation (US), KLA Corporation (US),Yamaha Motor (Japan) among others.

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Table of Contents

1 INTRODUCTION 36
1.1 STUDY OBJECTIVES 36
1.2 MARKET DEFINITION 36
1.3 STUDY SCOPE 37
1.3.1 MARKETS COVERED 37
FIGURE 1 SURFACE MOUNT TECHNOLOGY (SMT) MARKET: SEGMENTATION 37
1.3.2 INCLUSIONS AND EXCLUSIONS 37
1.3.3 REGIONAL SCOPE 38
FIGURE 2 REGIONAL SCOPE 38
1.3.4 YEARS CONSIDERED 38
1.4 CURRENCY CONSIDERED 39
1.5 LIMITATIONS 39
1.6 STAKEHOLDERS 39
1.7 SUMMARY OF CHANGES 39
2 RESEARCH METHODOLOGY 40
2.1 RESEARCH DATA 40
FIGURE 3 PROCESS FLOW: SURFACE MOUNT TECHNOLOGY (SMT) MARKET SIZE ESTIMATION 40
FIGURE 4 SURFACE MOUNT TECHNOLOGY (SMT) MARKET: RESEARCH DESIGN 41
2.1.1 SECONDARY AND PRIMARY RESEARCH 42
2.1.2 SECONDARY DATA 42
2.1.2.1 Secondary sources 43
2.1.2.2 List of key secondary sources 43
2.1.3 PRIMARY DATA 44
2.1.3.1 Primary sources 44
2.1.3.2 Key industry insights 45
2.1.3.3 Primary interviews with experts 45
2.1.3.4 List of key primary respondents 45
2.1.3.5 Breakdown of primaries 46
2.2 MARKET SIZE ESTIMATION 46
2.2.1 BOTTOM-UP APPROACH 47
2.2.1.1 Approach to derive market size using demand-side analysis 47
FIGURE 5 SURFACE MOUNT TECHNOLOGY (SMT) MARKET: BOTTOM-UP APPROACH 47
2.2.2 TOP-DOWN APPROACH 47
2.2.2.1 Approach to derive market size using top-down analysis 48
FIGURE 6 SURFACE MOUNT TECHNOLOGY (SMT) MARKET: TOP-DOWN APPROACH 48
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 49
FIGURE 7 DATA TRIANGULATION 49
2.4 RESEARCH ASSUMPTIONS 50
2.5 PARAMETERS CONSIDERED TO ANALYZE IMPACT OF RECESSION ON SURFACE MOUNT TECHNOLOGY (SMT) MARKET 51
2.6 RISK ASSESSMENT 51
TABLE 1 ANALYSIS OF RISK FACTORS 51
3 EXECUTIVE SUMMARY 52
3.1 SURFACE MOUNT TECHNOLOGY (SMT) MARKET: RECESSION IMPACT 52
FIGURE 8 RECESSION IMPACT: GDP GROWTH PROJECTIONS TILL 2023 FOR MAJOR ECONOMIES 53
FIGURE 9 RECESSION IMPACT ON SURFACE MOUNT TECHNOLOGY (SMT) MARKET, 2019–2028 (USD MILLION) 53
FIGURE 10 INSPECTION SEGMENT TO REGISTER HIGHEST CAGR IN SURFACE MOUNT TECHNOLOGY (SMT) MARKET FROM 2023 TO 2028 54
FIGURE 11 CONSUMER ELECTRONICS SEGMENT TO HOLD LARGEST SHARE OF SURFACE MOUNT TECHNOLOGY (SMT) MARKET DURING FORECAST PERIOD 54
FIGURE 12 ASIA PACIFIC ACCOUNTED FOR LARGEST SHARE OF SURFACE MOUNT TECHNOLOGY (SMT) MARKET IN 2022 55
4 PREMIUM INSIGHTS 56
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN SURFACE MOUNT TECHNOLOGY (SMT) MARKET 56
FIGURE 13 GROWING USE OF ADVANCED AUTOMATION SYSTEMS REQUIRING HIGHLY RELIABLE NETWORKS FOR MACHINE-TO-MACHINE (M2M) COMMUNICATION 56
4.2 SURFACE MOUNT TECHNOLOGY (SMT) MARKET, BY EQUIPMENT 57
FIGURE 14 PLACEMENT SEGMENT TO ACCOUNT FOR LARGEST SHARE OF SURFACE MOUNT TECHNOLOGY (SMT) MARKET FROM 2023 TO 2028 57
4.3 SURFACE MOUNT TECHNOLOGY (SMT) MARKET, BY END-USER INDUSTRY 57
FIGURE 15 CONSUMER ELECTRONICS SEGMENT TO HOLD LARGEST SHARE OF SURFACE MOUNT TECHNOLOGY (SMT) MARKET FROM 2023 TO 2028 57
4.4 SURFACE MOUNT TECHNOLOGY (SMT) MARKET, BY REGION 58
FIGURE 16 CHINA TO REGISTER HIGHEST CAGR IN SURFACE MOUNT TECHNOLOGY (SMT) MARKET FROM 2023 TO 2028 58
5 MARKET OVERVIEW 59
5.1 INTRODUCTION 59
5.2 MARKET DYNAMICS 59
FIGURE 17 SURFACE MOUNT TECHNOLOGY (SMT) MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 59
5.2.1 DRIVERS 60
5.2.1.1 Increased demand for miniaturized consumer electronics components 60
5.2.1.2 Growing adoption of electric vehicles (EVs) 60
FIGURE 18 ELECTRIC VEHICLE SALES, 2013–2020 (MILLION UNITS) 61
5.2.1.3 Rising need to increase productivity of electronic manufacturing services (EMS) companies 61
FIGURE 19 SURFACE MOUNT TECHNOLOGY (SMT) MARKET: DRIVERS AND THEIR IMPACT 62
5.2.2 RESTRAINTS 62
5.2.2.1 Requirement for high investments to set up production units 62
5.2.2.2 Need for high-frequency applications and thermal management 62
FIGURE 20 SURFACE MOUNT TECHNOLOGY (SMT) MARKET: RESTRAINTS AND THEIR IMPACT 63
5.2.3 OPPORTUNITIES 63
5.2.3.1 Integration of biometrics and security into consumer electronics and medical devices 63
5.2.3.2 Advent of Self-monitoring, Analysis, and Reporting Technology (SMART) 63
FIGURE 21 SURFACE MOUNT TECHNOLOGY (SMT) MARKET: OPPORTUNITIES AND THEIR IMPACT 64
5.2.4 CHALLENGES 64
5.2.4.1 Emergence of new assembly techniques 64
5.2.4.2 Challenges in repair and rework of surface mount technology (SMT)-manufactured printed circuit boards (PCBs) 65
FIGURE 22 SURFACE MOUNT TECHNOLOGY (SMT) MARKET: CHALLENGES AND THEIR IMPACT 65
5.3 VALUE CHAIN ANALYSIS 66
FIGURE 23 SURFACE MOUNT TECHNOLOGY (SMT) MARKET: VALUE CHAIN ANALYSIS 66
5.3.1 RAW MATERIAL AND CHIP PROCESSING 66
5.3.2 COMPONENT PROVIDERS 66
5.3.3 MANUFACTURING, ASSEMBLY, AND MODULE PACKAGING 66
5.3.4 END USERS 67
5.4 CASE STUDY ANALYSIS 67
5.4.1 GSI HELMHOLTZ CENTRE PARTNERED WITH ASMPT TO DEPLOY PRINTING AND PLACEMENT SOLUTIONS 67
5.5 TECHNOLOGY ANALYSIS 68
5.5.1 HIGH-DENSITY INTERCONNECT (HDI) PRINTED CIRCUIT BOARDS (PCBS) 68
5.5.2 WAFER BONDING 68
5.5.3 FLIP CHIP 68
5.5.4 FAN-OUT WAFER-LEVEL PACKAGING (FOWLP) 68
5.6 PORTER’S FIVE FORCES ANALYSIS 68
FIGURE 24 SURFACE MOUNT TECHNOLOGY (SMT) MARKET: PORTER’S FIVE FORCES ANALYSIS, 2022 69
TABLE 2 SURFACE MOUNT TECHNOLOGY (SMT) MARKET: PORTER’S FIVE FORCES ANALYSIS, 2022 69
5.6.1 THREAT OF NEW ENTRANTS 70
5.6.2 THREAT OF SUBSTITUTES 70
5.6.3 BARGAINING POWER OF SUPPLIERS 70
5.6.4 BARGAINING POWER OF BUYERS 71
5.6.5 INTENSITY OF COMPETITIVE RIVALRY 71
 
5.7 PRICING ANALYSIS 71
5.7.1 AVERAGE SELLING PRICE (ASP) ANALYSIS 71
TABLE 3 AVERAGE SELLING PRICE (ASP) OF KEY EQUIPMENT USED IN SMT 72
5.7.2 AVERAGE SELLING PRICE (ASP) TREND 72
FIGURE 25 SURFACE MOUNT TECHNOLOGY (SMT) MARKET: AVERAGE SELLING PRICE OF EQUIPMENT (HISTORIC) 73
5.8 KEY STAKEHOLDERS AND BUYING CRITERIA 73
5.8.1 KEY STAKEHOLDERS IN BUYING PROCESS 73
FIGURE 26 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE END-USER INDUSTRIES 73
TABLE 4 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE END-USER INDUSTRIES (%) 74
5.8.2 BUYING CRITERIA 74
FIGURE 27 KEY BUYING CRITERIA OF TOP THREE END-USER INDUSTRIES 74
TABLE 5 KEY BUYING CRITERIA OF TOP THREE END-USER INDUSTRIES 74
5.9 ECOSYSTEM ANALYSIS 75
FIGURE 28 SURFACE MOUNT TECHNOLOGY (SMT) MARKET: ECOSYSTEM ANALYSIS 75
TABLE 6 SURFACE MOUNT TECHNOLOGY (SMT) MARKET: ECOSYSTEM ANALYSIS 75
5.10 PATENT ANALYSIS 76
FIGURE 29 TOP 10 COMPANIES WITH HIGHEST NUMBER OF PATENT APPLICATIONS, 2012–2022 76
TABLE 7 TOP 20 PATENT OWNERS IN US, 2012–2022 77
FIGURE 30 NUMBER OF PATENTS GRANTED, 2012–2022 77
TABLE 8 SURFACE MOUNT TECHNOLOGY (SMT) MARKET: LIST OF PATENTS 78
5.11 TARIFFS AND REGULATIONS 79
5.11.1 TARIFFS 79
5.11.2 TARIFF ANALYSIS 79
TABLE 9 TARIFF FOR MEASURING OR CHECKING INSTRUMENTS, APPLIANCES, AND MACHINES EXPORTED BY GERMANY, 2021 79
TABLE 10 TARIFF FOR MEASURING OR CHECKING INSTRUMENTS, APPLIANCES, AND MACHINES EXPORTED BY CHINA, 2021 80
TABLE 11 TARIFF FOR MEASURING OR CHECKING INSTRUMENTS, APPLIANCES, AND MACHINES EXPORTED BY JAPAN, 2021 80
TABLE 12 TARIFF FOR MEASURING OR CHECKING INSTRUMENTS, APPLIANCES, AND MACHINES EXPORTED BY US, 2021 80
TABLE 13 TARIFF FOR MEASURING OR CHECKING INSTRUMENTS, APPLIANCES, AND MACHINES EXPORTED BY SINGAPORE, 2021 81
5.11.3 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 81
5.11.3.1 Regulations 81
5.11.3.2 Standards 82
5.12 TRADE ANALYSIS 82
5.12.1 TRADE DATA FOR HS CODE 9031 82
FIGURE 31 IMPORT DATA, BY COUNTRY, 2017−2021 (USD THOUSAND) 82
FIGURE 32 EXPORT DATA, BY COUNTRY, 2017−2021 (USD THOUSAND) 83
5.13 REVENUE SHIFT AND NEW REVENUE POCKETS FOR SURFACE MOUNT TECHNOLOGY (SMT) MARKET PLAYERS 83
FIGURE 33 REVENUE SHIFT AND NEW REVENUE POCKETS FOR SURFACE MOUNT TECHNOLOGY (SMT) MARKET PLAYERS 84
5.14 KEY CONFERENCES AND EVENTS, 2023–2024 84
TABLE 14 SURFACE MOUNT TECHNOLOGY (SMT) MARKET: DETAILED LIST OF CONFERENCES AND EVENTS 84
6 SURFACE MOUNT TECHNOLOGY (SMT) MARKET, BY EQUIPMENT 86
6.1 INTRODUCTION 87
FIGURE 34 SURFACE MOUNT TECHNOLOGY (SMT) MARKET, BY EQUIPMENT 87
FIGURE 35 PLACEMENT EQUIPMENT TO LEAD SURFACE MOUNT TECHNOLOGY (SMT) MARKET BETWEEN 2023 AND 2028 88
TABLE 15 SURFACE MOUNT TECHNOLOGY (SMT) MARKET, BY EQUIPMENT, 2019–2022 (USD MILLION) 88
TABLE 16 SURFACE MOUNT TECHNOLOGY (SMT) MARKET, BY EQUIPMENT, 2023–2028 (USD MILLION) 89
6.2 INSPECTION EQUIPMENT 89
6.2.1 INCREASING FOCUS ON MANUFACTURING STABLE AND HIGH-QUALITY PRODUCTS 89
6.2.1.1 Laser Inspection Equipment 90
FIGURE 36 ADVANTAGES OF LASER INSPECTION EQUIPMENT 90
6.2.1.2 X-Ray inspection equipment 90
6.2.1.3 Optical Inspection Equipment 91
FIGURE 37 TYPES OF LIGHTING USED IN OPTICAL INSPECTION EQUIPMENT 91
TABLE 17 INSPECTION EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET, BY REGION, 2019–2022 (USD MILLION) 92
TABLE 18 INSPECTION EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET, BY REGION, 2023–2028 (USD MILLION) 92
TABLE 19 INSPECTION EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR CONSUMER ELECTRONICS, BY REGION, 2019–2022 (USD MILLION) 93
TABLE 20 INSPECTION EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR CONSUMER ELECTRONICS, BY REGION, 2023–2028 (USD MILLION) 93
TABLE 21 INSPECTION EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR TELECOMMUNICATIONS, BY REGION, 2019–2022 (USD MILLION) 93
TABLE 22 INSPECTION EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR TELECOMMUNICATIONS, BY REGION, 2023–2028 (USD MILLION) 94
TABLE 23 INSPECTION EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR AEROSPACE & DEFENSE, BY REGION, 2019–2022 (USD MILLION) 94
TABLE 24 INSPECTION EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR AEROSPACE & DEFENSE, BY REGION, 2023–2028 (USD MILLION) 94
TABLE 25 INSPECTION EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR AUTOMOTIVE, BY REGION, 2019–2022 (USD MILLION) 95
TABLE 26 INSPECTION EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR AUTOMOTIVE, BY REGION, 2023–2028 (USD MILLION) 95
TABLE 27 INSPECTION EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR MEDICAL, BY REGION, 2019–2022 (USD MILLION) 95
TABLE 28 INSPECTION EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR MEDICAL, BY REGION, 2023–2028 (USD MILLION) 96
TABLE 29 INSPECTION EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR INDUSTRIAL, BY REGION, 2019–2022 (USD MILLION) 96
TABLE 30 INSPECTION EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR INDUSTRIAL, BY REGION, 2023–2028 (USD MILLION) 96
TABLE 31 INSPECTION EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR ENERGY & POWER SYSTEMS, BY REGION, 2019–2022 (USD MILLION) 97
TABLE 32 INSPECTION EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR ENERGY & POWER SYSTEMS, BY REGION, 2023–2028 (USD MILLION) 97
6.3 PLACEMENT EQUIPMENT 97
6.3.1 GROWING NEED FOR HIGHER ACCURACY AND SPEED, PRODUCT MINIATURIZATION, AND FLEXIBILITY 97
6.3.2 BASED ON SPEED 98
6.3.2.1 Low-speed placement equipment 98
6.3.2.2 Medium-speed placement equipment 98
FIGURE 38 SELECTION CRITERIA FOR PLACEMENT EQUIPMENT 99
6.3.2.3 High-speed placement equipment 100
6.3.3 BASED ON TYPE 100
6.3.3.1 Dual-delivery placement machine 100
6.3.3.2 Multi-station placement machine 100
6.3.3.3 Turret-type placement machine 100
6.3.3.4 Multi-head placement machine 100
6.3.3.5 Sequential pick-and-place machine 100
FIGURE 39 CONSUMER ELECTRONICS SEGMENT TO HOLD LARGEST SHARE OF SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR PLACEMENT EQUIPMENT IN 2023 101
TABLE 33 PLACEMENT EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET, BY REGION, 2019–2022 (USD MILLION) 101
TABLE 34 PLACEMENT EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET, BY REGION, 2023–2028 (USD MILLION) 101
FIGURE 40 ASIA PACIFIC PLACEMENT EQUIPMENT MARKET FOR CONSUMER ELECTRONICS TO LEAD SURFACE MOUNT TECHNOLOGY (SMT) MARKET BETWEEN 2023 AND 2028 102
TABLE 35 PLACEMENT EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR CONSUMER ELECTRONICS, BY REGION, 2019–2022 (USD MILLION) 102
TABLE 36 PLACEMENT EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR CONSUMER ELECTRONICS, BY REGION, 2023–2028 (USD MILLION) 103
TABLE 37 PLACEMENT EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR TELECOMMUNICATIONS, BY REGION, 2019–2022 (USD MILLION) 103
TABLE 38 PLACEMENT EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR TELECOMMUNICATIONS, BY REGION, 2023–2028 (USD MILLION) 103
TABLE 39 PLACEMENT EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR AEROSPACE & DEFENSE, BY REGION, 2019–2022 (USD MILLION) 104
TABLE 40 PLACEMENT EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR AEROSPACE & DEFENSE, BY REGION, 2023–2028 (USD MILLION) 104
TABLE 41 PLACEMENT EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR AUTOMOTIVE, BY REGION, 2019–2022 (USD MILLION) 104
TABLE 42 PLACEMENT EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR AUTOMOTIVE, BY REGION, 2023–2028 (USD MILLION) 105
TABLE 43 PLACEMENT EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR MEDICAL, BY REGION, 2019–2022 (USD MILLION) 105
TABLE 44 PLACEMENT EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR MEDICAL, BY REGION, 2023–2028 (USD MILLION) 105
TABLE 45 PLACEMENT EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR INDUSTRIAL, BY REGION, 2019–2022 (USD MILLION) 106
TABLE 46 PLACEMENT EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR INDUSTRIAL, BY REGION, 2023–2028 (USD MILLION) 106
TABLE 47 PLACEMENT EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR ENERGY & POWER SYSTEMS, BY REGION, 2019–2022 (USD MILLION) 106
TABLE 48 PLACEMENT EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR ENERGY & POWER SYSTEMS, BY REGION, 2023–2028 (USD MILLION) 107
6.4 SOLDERING EQUIPMENT 107
6.4.1 RISING DEMAND FROM CONSUMER ELECTRONICS INDUSTRY 107
6.4.1.1 Wave oven 107
6.4.1.2 Reflow oven 108
TABLE 49 SOLDERING EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET, BY REGION, 2019–2022 (USD MILLION) 108
TABLE 50 SOLDERING EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET, BY REGION, 2023–2028 (USD MILLION) 108
TABLE 51 SOLDERING EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR CONSUMER ELECTRONICS, BY REGION, 2019–2022 (USD MILLION) 109
TABLE 52 SOLDERING EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR CONSUMER ELECTRONICS, BY REGION, 2023–2028 (USD MILLION) 109
TABLE 53 SOLDERING EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR TELECOMMUNICATIONS, BY REGION, 2019–2022 (USD MILLION) 109
TABLE 54 SOLDERING EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR TELECOMMUNICATIONS, BY REGION, 2023–2028 (USD MILLION) 110
TABLE 55 SOLDERING EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR AEROSPACE & DEFENSE, BY REGION, 2019–2022 (USD MILLION) 110
TABLE 56 SOLDERING EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR AEROSPACE & DEFENSE, BY REGION, 2023–2028 (USD MILLION) 110
TABLE 57 SOLDERING EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR AUTOMOTIVE, BY REGION, 2019–2022 (USD MILLION) 111
TABLE 58 SOLDERING EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR AUTOMOTIVE, BY REGION, 2023–2028 (USD MILLION) 111
TABLE 59 SOLDERING EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR MEDICAL, BY REGION, 2019–2022 (USD MILLION) 111
TABLE 60 SOLDERING EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR MEDICAL, BY REGION, 2023–2028 (USD MILLION) 112
TABLE 61 SOLDERING EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR INDUSTRIAL, BY REGION, 2019–2022 (USD MILLION) 112
TABLE 62 SOLDERING EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR INDUSTRIAL, BY REGION, 2023–2028 (USD MILLION) 112
TABLE 63 SOLDERING EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR ENERGY & POWER SYSTEMS, BY REGION, 2019–2022 (USD MILLION) 113
TABLE 64 SOLDERING EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR ENERGY & POWER SYSTEMS, BY REGION, 2023–2028 (USD MILLION) 113
6.5 SCREEN PRINTING EQUIPMENT 113
6.5.1 RISING NEED TO INCREASE PRODUCTIVITY, FLEXIBILITY, AND COST-EFFECTIVENESS 113
6.5.1.1 Automatic 113
6.5.1.2 Semiautomatic 114
6.5.1.3 Manual 114
FIGURE 41 AEROSPACE & DEFENSE SEGMENT TO HOLD SIGNIFICANT SHARE OF SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR SCREEN PRINTING EQUIPMENT IN 2028 114
TABLE 65 SCREEN PRINTING EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET, BY REGION, 2019–2022 (USD MILLION) 115
TABLE 66 SCREEN PRINTING EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET, BY REGION, 2023–2028 (USD MILLION) 115
TABLE 67 SCREEN PRINTING EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR CONSUMER ELECTRONICS, BY REGION, 2019–2022 (USD MILLION) 115
TABLE 68 SCREEN PRINTING EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR CONSUMER ELECTRONICS, BY REGION, 2023–2028 (USD MILLION) 116
TABLE 69 SCREEN PRINTING EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR TELECOMMUNICATIONS, BY REGION, 2019–2022 (USD MILLION) 116
TABLE 70 SCREEN PRINTING EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR TELECOMMUNICATIONS, BY REGION, 2023–2028 (USD MILLION) 116
TABLE 71 SCREEN PRINTING EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR AEROSPACE & DEFENSE, BY REGION, 2019–2022 (USD MILLION) 117
TABLE 72 SCREEN PRINTING EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR AEROSPACE & DEFENSE, BY REGION, 2023–2028 (USD MILLION) 117
TABLE 73 SCREEN PRINTING EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR AUTOMOTIVE, BY REGION, 2019–2022 (USD MILLION) 117
TABLE 74 SCREEN PRINTING EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR AUTOMOTIVE, BY REGION, 2023–2028 (USD MILLION) 118
TABLE 75 SCREEN PRINTING EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR MEDICAL, BY REGION, 2019–2022 (USD MILLION) 118
TABLE 76 SCREEN PRINTING EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR MEDICAL, BY REGION, 2023–2028 (USD MILLION) 118
TABLE 77 SCREEN PRINTING EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR INDUSTRIAL, BY REGION, 2019–2022 (USD MILLION) 119
TABLE 78 SCREEN PRINTING EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR INDUSTRIAL, BY REGION, 2023–2028 (USD MILLION) 119
TABLE 79 SCREEN PRINTING EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR ENERGY & POWER SYSTEMS, BY REGION, 2019–2022 (USD MILLION) 119
TABLE 80 SCREEN PRINTING EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR ENERGY & POWER SYSTEMS, BY REGION, 2023–2028 (USD MILLION) 120
6.6 CLEANING EQUIPMENT 120
6.6.1 GROWING USE OF CLEANING FLUXES FOR LEAD-FREE MANUFACTURING 120
TABLE 81 CLEANING EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET, BY REGION, 2019–2022 (USD MILLION) 121
TABLE 82 CLEANING EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET, BY REGION, 2023–2028 (USD MILLION) 121
TABLE 83 CLEANING EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR CONSUMER ELECTRONICS, BY REGION, 2019–2022 (USD MILLION) 121
TABLE 84 CLEANING EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR CONSUMER ELECTRONICS, BY REGION, 2023–2028 (USD MILLION) 122
TABLE 85 CLEANING EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR TELECOMMUNICATIONS, BY REGION, 2019–2022 (USD MILLION) 122
TABLE 86 CLEANING EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR TELECOMMUNICATIONS, BY REGION, 2023–2028 (USD MILLION) 122
TABLE 87 CLEANING EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR AEROSPACE & DEFENSE, BY REGION, 2019–2022 (USD MILLION) 123
TABLE 88 CLEANING EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR AEROSPACE & DEFENSE, BY REGION, 2023–2028 (USD MILLION) 123
TABLE 89 CLEANING EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR AUTOMOTIVE, BY REGION, 2019–2022 (USD MILLION) 123
TABLE 90 CLEANING EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR AUTOMOTIVE, BY REGION, 2023–2028 (USD MILLION) 124
TABLE 91 CLEANING EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR MEDICAL, BY REGION, 2019–2022 (USD MILLION) 124
TABLE 92 CLEANING EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR MEDICAL, BY REGION, 2023–2028 (USD MILLION) 124
TABLE 93 CLEANING EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR INDUSTRIAL, BY REGION, 2019–2022 (USD MILLION) 125
TABLE 94 CLEANING EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR INDUSTRIAL, BY REGION, 2023–2028 (USD MILLION) 125
TABLE 95 CLEANING EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR ENERGY & POWER SYSTEMS, BY REGION, 2019–2022 (USD MILLION) 125
TABLE 96 CLEANING EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR ENERGY & POWER SYSTEMS, BY REGION, 2023–2028 (USD MILLION) 126
6.7 REPAIR & REWORK EQUIPMENT 126
6.7.1 RISING ADOPTION OF REPAIR & REWORK EQUIPMENT IN MEDICAL INDUSTRY 126
6.7.1.1 Automatic 126
6.7.1.2 Semiautomatic 126
TABLE 97 REPAIR & REWORK EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET, BY REGION, 2019–2022 (USD MILLION) 127
TABLE 98 REPAIR & REWORK EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET, BY REGION, 2023–2028 (USD MILLION) 127
TABLE 99 REPAIR & REWORK EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR CONSUMER ELECTRONICS, BY REGION, 2019–2022 (USD MILLION) 127
TABLE 100 REPAIR & REWORK EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR CONSUMER ELECTRONICS, BY REGION, 2023–2028 (USD MILLION) 128
TABLE 101 REPAIR & REWORK EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR TELECOMMUNICATIONS, BY REGION, 2019–2022 (USD MILLION) 128
TABLE 102 REPAIR & REWORK EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR TELECOMMUNICATIONS, BY REGION, 2023–2028 (USD MILLION) 128
TABLE 103 REPAIR & REWORK EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR AEROSPACE & DEFENSE, BY REGION, 2019–2022 (USD MILLION) 129
TABLE 104 REPAIR & REWORK EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR AEROSPACE & DEFENSE, BY REGION, 2023–2028 (USD MILLION) 129
TABLE 105 REPAIR & REWORK EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR AUTOMOTIVE, BY REGION, 2019–2022 (USD MILLION) 129
TABLE 106 REPAIR & REWORK EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR AUTOMOTIVE, BY REGION, 2023–2028 (USD MILLION) 130
TABLE 107 REPAIR & REWORK EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR MEDICAL, BY REGION, 2019–2022 (USD MILLION) 130
TABLE 108 REPAIR & REWORK EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR MEDICAL, BY REGION, 2023–2028 (USD MILLION) 130
TABLE 109 REPAIR & REWORK EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR INDUSTRIAL, BY REGION, 2019–2022 (USD MILLION) 131
TABLE 110 REPAIR & REWORK EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR INDUSTRIAL, BY REGION, 2023–2028 (USD MILLION) 131
TABLE 111 REPAIR & REWORK EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR ENERGY & POWERS, BY REGION, 2019–2022 (USD MILLION) 131
TABLE 112 REPAIR & REWORK EQUIPMENT: SURFACE MOUNT TECHNOLOGY (SMT) MARKET FOR ENERGY & POWER SYSTEMS, BY REGION, 2023–2028 (USD MILLION) 132
7 SURFACE MOUNT TECHNOLOGY (SMT) MARKET, BY COMPONENT 133
7.1 INTRODUCTION 133
FIGURE 42 SURFACE MOUNT TECHNOLOGY (SMT) MARKET, BY COMPONENT 133
7.2 PASSIVE COMPONENTS 133
7.2.1 RESISTORS 133
TABLE 113 SMT RESISTOR SIZES 134
7.2.2 CAPACITORS 134
FIGURE 43 TYPES OF CAPACITORS IN SMT 134
7.3 ACTIVE COMPONENTS 135
7.3.1 TRANSISTORS & DIODES 135
7.3.2 INTEGRATED CIRCUITS 135
FIGURE 44 CLASSIFICATION OF SMT INTEGRATED CIRCUITS 136
 
8 SURFACE MOUNT TECHNOLOGY (SMT) MARKET, BY SERVICE 137
8.1 INTRODUCTION 137
FIGURE 45 SURFACE MOUNT TECHNOLOGY (SMT) MARKET, BY SERVICE 137
8.2 DESIGNING 138
FIGURE 46 PHASES IN DESIGNING PROCESS 138
8.3 TEST AND PROTOTYPE 139
FIGURE 47 BENEFITS OF PROTOTYPE 139
8.4 SUPPLY CHAIN SERVICES 140
8.5 MANUFACTURING 141
FIGURE 48 ELECTRONIC MANUFACTURING PRINTED CIRCUIT BOARD USING SMT 141
8.6 AFTERMARKET SERVICES 142
9 SURFACE MOUNT TECHNOLOGY (SMT) MARKET, BY END-USER INDUSTRY 143
9.1 INTRODUCTION 144
FIGURE 49 SURFACE MOUNT TECHNOLOGY (SMT) MARKET, BY END-USER INDUSTRY 144
FIGURE 50 CONSUMER ELECTRONICS SEGMENT TO GROW AT HIGHEST RATE DURING FORECAST PERIOD 145
TABLE 114 SURFACE MOUNT TECHNOLOGY (SMT) MARKET, BY END-USER INDUSTRY, 2019–2022 (USD MILLION) 145
TABLE 115 SURFACE MOUNT TECHNOLOGY (SMT) MARKET, BY END-USER INDUSTRY, 2023–2028 (USD MILLION) 146
9.2 CONSUMER ELECTRONICS 146
9.2.1 MINIATURIZATION OF CONSUMER ELECTRONICS 146
TABLE 116 CONSUMER ELECTRONICS: SURFACE MOUNT TECHNOLOGY (SMT) MARKET, BY REGION, 2019–2022 (USD MILLION) 147
TABLE 117 CONSUMER ELECTRONICS: SURFACE MOUNT TECHNOLOGY (SMT) MARKET, BY REGION, 2023–2028 (USD MILLION) 147
9.3 TELECOMMUNICATIONS 148
9.3.1 EMERGENCE OF WIRELESS COMMUNICATION TECHNOLOGIES 148
TABLE 118 TELECOMMUNICATIONS: SURFACE MOUNT TECHNOLOGY (SMT) MARKET, BY REGION, 2019–2022 (USD MILLION) 148
TABLE 119 TELECOMMUNICATIONS: SURFACE MOUNT TECHNOLOGY (SMT) MARKET, BY REGION, 2023–2028 (USD MILLION) 149
9.4 AEROSPACE & DEFENSE 149
9.4.1 RISING DEMAND FOR HIGH-QUALITY ELECTRONIC COMPONENTS 149
FIGURE 51 ADVANTAGES OF SURFACE MOUNT TECHNOLOGY (SMT) OVER THROUGH-HOLE TECHNOLOGY FOR AEROSPACE & DEFENSE INDUSTRY 150
TABLE 120 AEROSPACE & DEFENSE: SURFACE MOUNT TECHNOLOGY (SMT) MARKET, BY REGION, 2019–2022 (USD MILLION) 150
TABLE 121 AEROSPACE & DEFENSE: SURFACE MOUNT TECHNOLOGY (SMT) MARKET, BY REGION, 2023–2028 (USD MILLION) 151
9.5 AUTOMOTIVE 151
9.5.1 EXPANDING ELECTRIC VEHICLE (EV) MARKET 151
TABLE 122 AUTOMOTIVE: SURFACE MOUNT TECHNOLOGY (SMT) MARKET, BY REGION, 2019–2022 (USD MILLION) 152
TABLE 123 AUTOMOTIVE: SURFACE MOUNT TECHNOLOGY (SMT) MARKET, BY REGION, 2023–2028 (USD MILLION) 152
9.6 MEDICAL 152
9.6.1 RISING DIGITIZATION IN MEDICAL INDUSTRY 152
TABLE 124 MEDICAL: SURFACE MOUNT TECHNOLOGY (SMT) MARKET, BY REGION, 2019–2022 (USD MILLION) 153
TABLE 125 MEDICAL: SURFACE MOUNT TECHNOLOGY (SMT) MARKET, BY REGION, 2023–2028 (USD MILLION) 153
9.7 INDUSTRIAL 154
9.7.1 INCREASING ADOPTION OF AUTOMATION TECHNOLOGIES 154
TABLE 126 INDUSTRIAL: SURFACE MOUNT TECHNOLOGY (SMT) MARKET, BY REGION, 2019–2022 (USD MILLION) 154
TABLE 127 INDUSTRIAL: SURFACE MOUNT TECHNOLOGY (SMT) MARKET, BY REGION, 2023–2028 (USD MILLION) 155
9.8 ENERGY AND POWER SYSTEMS 155
9.8.1 UPGRADE OF ENERGY INFRASTRUCTURE 155
TABLE 128 ENERGY & POWER SYSTEMS: SURFACE MOUNT TECHNOLOGY (SMT) MARKET, BY REGION, 2019–2022 (USD MILLION) 156
TABLE 129 ENERGY & POWER SYSTEMS: SURFACE MOUNT TECHNOLOGY (SMT) MARKET, BY REGION, 2023–2028 (USD MILLION) 156
10 SURFACE MOUNT TECHNOLOGY (SMT) MARKET, BY REGION 157
10.1 INTRODUCTION 158
FIGURE 52 CHINA SURFACE MOUNT TECHNOLOGY (SMT) MARKET TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 158
TABLE 130 SURFACE MOUNT TECHNOLOGY (SMT) MARKET, BY REGION, 2019–2022 (USD MILLION) 158
TABLE 131 SURFACE MOUNT TECHNOLOGY (SMT) MARKET, BY REGION, 2023–2028 (USD MILLION) 159
10.2 NORTH AMERICA 159
FIGURE 53 NORTH AMERICA: SNAPSHOT OF SURFACE MOUNT TECHNOLOGY (SMT) MARKET 160
TABLE 132 NORTH AMERICA: SURFACE MOUNT TECHNOLOGY (SMT) MARKET, BY END-USER INDUSTRY, 2019–2022 (USD MILLION) 160
TABLE 133 NORTH AMERICA: SURFACE MOUNT TECHNOLOGY (SMT) MARKET, BY END-USER INDUSTRY, 2023–2028 (USD MILLION) 161
TABLE 134 NORTH AMERICA: SURFACE MOUNT TECHNOLOGY (SMT) MARKET, BY EQUIPMENT, 2019–2022 (USD MILLION) 161
TABLE 135 NORTH AMERICA: SURFACE MOUNT TECHNOLOGY (SMT) MARKET, BY EQUIPMENT, 2023–2028 (USD MILLION) 161
TABLE 136 NORTH AMERICA: SURFACE MOUNT TECHNOLOGY (SMT) MARKET, BY COUNTRY, 2019–2022 (USD MILLION) 162
TABLE 137 NORTH AMERICA: SURFACE MOUNT TECHNOLOGY (SMT) MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 162
10.2.1 US 163
10.2.1.1 Surge in domestic manufacturing 163
10.2.2 CANADA 163
10.2.2.1 Expanding consumer electronics industry 163
10.2.3 MEXICO 164
10.2.3.1 Growing automotive industry 164
10.3 EUROPE 164
FIGURE 54 EUROPE: SNAPSHOT OF SURFACE MOUNT TECHNOLOGY (SMT) MARKET 165
TABLE 138 EUROPE: SURFACE MOUNT TECHNOLOGY (SMT) MARKET, BY END-USER INDUSTRY, 2019–2022 (USD MILLION) 165
TABLE 139 EUROPE: SURFACE MOUNT TECHNOLOGY (SMT) MARKET, BY END-USER INDUSTRY, 2023–2028 (USD MILLION) 166
TABLE 140 EUROPE: SURFACE MOUNT TECHNOLOGY (SMT) MARKET, BY EQUIPMENT, 2019–2022 (USD MILLION) 166
TABLE 141 EUROPE: SURFACE MOUNT TECHNOLOGY (SMT) MARKET, BY EQUIPMENT, 2023–2028 (USD MILLION) 167
TABLE 142 EUROPE: SURFACE MOUNT TECHNOLOGY (SMT) MARKET, BY COUNTRY, 2019–2022 (USD MILLION) 167
TABLE 143 EUROPE: SURFACE MOUNT TECHNOLOGY (SMT) MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 167
10.3.1 UK 168
10.3.1.1 Government-led support to boost telecommunications industry 168
10.3.2 GERMANY 168
10.3.2.1 Presence of established electronics manufacturing companies 168
10.3.3 FRANCE 169
10.3.3.1 Mass digitization of major industries 169
10.3.4 REST OF EUROPE 169
10.4 ASIA PACIFIC 170
FIGURE 55 ASIA PACIFIC: SNAPSHOT OF SURFACE MOUNT TECHNOLOGY (SMT) MARKET 170
TABLE 144 ASIA PACIFIC: SURFACE MOUNT TECHNOLOGY (SMT) MARKET, BY END-USER INDUSTRY, 2019–2022 (USD MILLION) 171
TABLE 145 ASIA PACIFIC: SURFACE MOUNT TECHNOLOGY (SMT) MARKET, BY END-USER INDUSTRY, 2023–2028 (USD MILLION) 171
TABLE 146 ASIA PACIFIC: SURFACE MOUNT TECHNOLOGY (SMT) MARKET, BY EQUIPMENT, 2019–2022 (USD MILLION) 171
TABLE 147 ASIA PACIFIC: SURFACE MOUNT TECHNOLOGY (SMT) MARKET, BY EQUIPMENT, 2023–2028 (USD MILLION) 172
TABLE 148 ASIA PACIFIC: SURFACE MOUNT TECHNOLOGY (SMT) MARKET, BY COUNTRY, 2019–2022 (USD MILLION) 172
TABLE 149 ASIA PACIFIC: SURFACE MOUNT TECHNOLOGY (SMT) MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 172
10.4.1 CHINA 173
10.4.1.1 Government-led initiatives to increase domestic electronics manufacturing 173
10.4.2 JAPAN 173
10.4.2.1 Presence of key automobile manufacturers 173
10.4.3 SOUTH KOREA 174
10.4.3.1 Rising deployment of automation technologies 174
10.4.4 INDIA 174
10.4.4.1 Rising foreign investments 174
10.4.5 REST OF ASIA PACIFIC 174
10.5 ROW 175
TABLE 150 ROW: SURFACE MOUNT TECHNOLOGY (SMT) MARKET, BY END-USER INDUSTRY, 2019–2022 (USD MILLION) 175
TABLE 151 ROW: SURFACE MOUNT TECHNOLOGY (SMT) MARKET, BY END-USER INDUSTRY, 2023–2028 (USD MILLION) 175
TABLE 152 ROW: SURFACE MOUNT TECHNOLOGY (SMT) MARKET, BY EQUIPMENT, 2019–2022 (USD MILLION) 176
TABLE 153 ROW: SURFACE MOUNT TECHNOLOGY (SMT) MARKET, BY EQUIPMENT, 2023–2028 (USD MILLION) 176
TABLE 154 ROW: SURFACE MOUNT TECHNOLOGY (SMT) MARKET, BY COUNTRY, 2019–2022 (USD MILLION) 176
TABLE 155 ROW: SURFACE MOUNT TECHNOLOGY (SMT) MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 177
10.5.1 SOUTH AMERICA 177
10.5.1.1 Localization of electronics production 177
10.5.2 MIDDLE EAST & AFRICA 177
10.5.2.1 Healthy growth of electronics industry 177
11 COMPETITIVE LANDSCAPE 179
11.1 OVERVIEW 179
TABLE 156 MAJOR COMPANIES ADOPTED PRODUCT LAUNCHES AS KEY GROWTH STRATEGY FROM 2019 TO 2022 179
11.2 MARKET SHARE ANALYSIS, 2022 180
TABLE 157 SURFACE MOUNT TECHNOLOGY (SMT) MARKET: DEGREE OF COMPETITION 180
FIGURE 56 MARKET SHARE OF KEY COMPANIES IN SURFACE MOUNT TECHNOLOGY (SMT) MARKET, 2022 181
TABLE 158 SURFACE MOUNT TECHNOLOGY (SMT) MARKET: RANKING ANALYSIS 181
11.3 REVENUE ANALYSIS 182
FIGURE 57 THREE-YEAR REVENUE ANALYSIS OF KEY COMPANIES, 2019–2021 (USD MILLION) 182
11.4 COMPETITIVE LEADERSHIP MAPPING, 2022 183
11.4.1 STARS 183
11.4.2 PERVASIVE PLAYERS 183
11.4.3 EMERGING LEADERS 183
11.4.4 PARTICIPANTS 183
FIGURE 58 SURFACE MOUNT TECHNOLOGY (SMT) MARKET (KEY PLAYERS): EVALUATION QUADRANT, 2022 184
TABLE 159 COMPANY FOOTPRINT 185
TABLE 160 EQUIPMENT: COMPANY FOOTPRINT 186
TABLE 161 END-USER INDUSTRY: COMPANY FOOTPRINT 187
TABLE 162 REGION: COMPANY FOOTPRINT 188
 
11.5 START-UP/SME EVALUATION QUADRANT, 2022 189
11.5.1 PROGRESSIVE COMPANIES 189
11.5.2 RESPONSIVE COMPANIES 189
11.5.3 DYNAMIC COMPANIES 189
11.5.4 STARTING BLOCKS 189
FIGURE 59 SURFACE MOUNT TECHNOLOGY (SMT) MARKET (SME): EVALUATION QUADRANT, 2022 190
TABLE 163 SURFACE MOUNT TECHNOLOGY (SMT) MARKET: LIST OF KEY START-UPS/SMES 191
11.6 COMPETITIVE SCENARIO AND TRENDS 191
11.6.1 PRODUCT LAUNCHES 191
TABLE 164 SURFACE MOUNT TECHNOLOGY (SMT) MARKET: PRODUCT LAUNCHES, JANUARY 2019–FEBRUARY 2022 191
11.6.2 DEALS 193
TABLE 165 SURFACE MOUNT TECHNOLOGY (SMT) MARKET: DEALS, JANUARY 2019–FEBRUARY 2022 193