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PUBLISHER: Fortune Business Insights Pvt. Ltd. | PRODUCT CODE: 1880605

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PUBLISHER: Fortune Business Insights Pvt. Ltd. | PRODUCT CODE: 1880605

Europe SMT Inspection Equipment Market Size, Share, Growth and Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

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Growth Factors of Europe SMT Inspection Equipment Market

The Europe SMT Inspection Equipment Market was valued at USD 82.1 million in 2024, and is anticipated to reach USD 120.9 million by 2032, increasing from USD 89.0 million in 2025 at a CAGR of 5.2% during the forecast period. Surface Mount Technology (SMT) inspection equipment plays a crucial role in ensuring defect-free printed circuit board (PCB) assemblies during and after SMT production processes. These systems are essential across semiconductor manufacturing environments including electronics manufacturing services (EMS), PCB assembly facilities, and high-reliability semiconductor lines.

The demand for SMT inspection solutions in Europe is strongly supported by the growing need for high-reliability electronics, rapid miniaturization, and the expansion of high-density circuit architectures across mission-critical applications. Industries such as automotive, aerospace & defense, industrial electronics, healthcare, and telecommunications require inspection systems capable of identifying micro-level defects, voids, and assembly inconsistencies that could impact long-term electronic performance. Regulatory standards such as ISO 26262 for automotive functional safety and EN 60601 for medical electrical equipment further strengthen industry adoption by mandating enhanced reliability and defect-tracking mechanisms.

Europe's electronics manufacturing sector is also benefiting from strategic government initiatives and investment programs. In April 2024, the European government issued a Call-to-Action for Electronics Manufacturing, including the introduction of the Strategic Electronics Manufacturing Act (SEMA) to accelerate regional production capabilities. Such frameworks focus on expanding PCB assembly capacity, stimulating semiconductor investments, and strengthening domestic manufacturing resilience-creating long-term demand for SMT inspection systems.

Key market players such as Koh Young Technology Inc., Viscom SE, CyberOptics Corporation, and PEMTRON hold significant market share due to their advanced product portfolios, strong distributor networks, and sustained R&D spending. Their integration of AI-driven, 3D, and high-precision automated inspection technologies continues to elevate performance benchmarks and reinforce market consolidation. The top manufacturers increasingly focus on 3D AOI, advanced AXI, and hybrid inspection platforms designed for Industry 4.0-ready production lines.

The COVID-19 pandemic initially created disruptions through temporary factory shutdowns, supply chain delays, and component shortages. However, the post-pandemic recovery demonstrated robust growth due to heightened electronics demand in healthcare devices, automotive systems, industrial automation, and telecommunication infrastructure. The expansion of diagnostic electronics, surge in remote connectivity solutions, and accelerating EV ecosystem all contributed to renewed investment in PCB assembly and quality-inspection equipment across Europe.

IMPACT OF GENERATIVE AI

Integration of AI to Enhance SMT Inspection Efficiency

The adoption of Generative AI (GenAI) is reshaping inspection accuracy, root-cause diagnostics, and process intelligence in SMT manufacturing lines. AI-powered inspection platforms enhance defect identification, enable pattern-based root-cause tracing, and support process optimization across large-scale PCB assembly operations. GenAI models are increasingly used for predictive inspection-as-a-service, allowing OEMs to reduce downtime, optimize yield, and increase production scalability.

Vendors leveraging GenAI in their SMT inspection platforms can offer realtime defect prediction, automated image analysis, and algorithm-driven decision support, significantly improving production throughput. The integration of GenAI aligns with Europe's Industry 4.0 roadmap, enabling smarter, autonomous inspection ecosystems that drastically improve reliability for high-density assemblies.

IMPACT OF TARIFFS

Rising Equipment Costs and Supplier Reassessment Disrupt Short-Term Market Growth

The European SMT inspection equipment industry is currently affected by reciprocal tariffs impacting raw material imports, precision machinery, and semiconductor equipment components. Rising material and manufacturing costs have increased equipment pricing, causing EMS providers and PCB manufacturers to defer or scale down planned technology upgrades.

European Union retaliatory tariffs of up to 25% on certain industrial machinery have further impacted cost structures and supply chains. Nevertheless, domestic manufacturing activities and emerging regional suppliers are gaining traction, helping partially offset reliance on imports. Short-term challenges persist, but shifting supply chains and rising regional production capacity are expected to mitigate tariff-related pressure over time.

EUROPE SMT INSPECTION EQUIPMENT MARKET TRENDS

Surging Demand for Automated X-ray Inspection (AXI)

A prominent trend in the European market is the increasing adoption of Automated X-ray Inspection (AXI) systems. This demand is driven by the growing complexity of electronics across automotive, power electronics, defense, and EV infrastructure. High-density applications such as battery management systems (BMS), inverters, radar modules, and LiDAR systems require X-ray-level defect detection for voids, hidden solder issues, and internal bridging.

To address this shift, major manufacturers are expanding AXI capabilities. For example, in February 2025, Viscom introduced the iX7059 PCB Inspection XL at IPC APEX for large and complex assemblies including 5G infrastructure and server electronics. Such advancements indicate a rising preference for high-precision, volumetric inspection technologies.

MARKET DYNAMICS

Drivers

High-Reliability Electronics Across Industrial Sectors Propel Growth

Europe's SMT inspection equipment market is reinforced by the demand for consistent quality, regulatory compliance, and production accuracy across safety-critical industries. The intensified complexity of semiconductor packaging and high-density designs is increasing adoption of AOI, AXI, and SPI systems across automotive electronics, aerospace, industrial robotics, and medical devices.

According to ZVEI, automotive electronics alone account for more than 30% of Germany's total electronics output, reflecting the region's significant reliance on defect-free PCB assembly.

Restraints

High Capital Investment Limits Adoption Among SMEs

SMT inspection systems require substantial initial investments, including equipment acquisition, process integration, training, and maintenance. Small and mid-sized electronics manufacturers operating with cost-sensitive budgets often delay or avoid transitioning to high-end inspection technologies. Although modern solutions reduce rework and improve quality, the up-front cost barrier restricts widespread adoption across smaller facilities.

Opportunities

Advanced Automotive Electronics Create Substantial Growth Opportunities

Europe's accelerating shift toward electric vehicles (EVs) and intelligent automotive systems offers significant growth potential for SMT inspection equipment. The IEA reported 3.2 million new EV registrations in Europe in 2023, marking a 20% increase over 2022. As EVs incorporate complex electronics for ADAS, battery systems, powertrains, and infotainment, inspection requirements are becoming more stringent.

Additionally, the global automotive PCB industry-valued at USD 9.52 billion in 2024 and projected to reach USD 15.10 billion by 2032-continues to expand, reinforcing the need for advanced defect-inspection platforms to maintain safety and reliability.

Segmentation By Type

  • Automated Optical Inspection (AOI)
  • Solder Paste Inspection (SPI)
  • Automated X-Ray Inspection (AXI)

By Application

  • Consumer and Industrial Electronics
  • Telecommunications Equipment
  • Automotive
  • LED and Display
  • Medical Devices
  • Aerospace and Defense
  • Others (Renewable Energy, Etc.)

By Country

  • U.K.
  • Germany
  • France
  • Italy
  • Spain
  • Russia
  • Benelux
  • Nordics
  • Rest of Europe

Companies Profiled in the Report Koh Young Technology Inc. (South Korea)

Viscom SE (Germany)

Mirtec Co., Ltd. (South Korea)

Saki Corporation (Japan)

Test Research Inc. (Taiwan)

PARMI Co. Ltd. (South Korea)

Nordson Corporation (CyberOptics Corporation) (U.S.)

PEMTRON (South Korea)

Aleader Europe Ltd. (Israel)

Shenzhen Magic-ray Technology Co., Ltd. (China)

Guangzhou Leichen Intelligent Equipment Co., Ltd. (China))

Omron Corporation (Japan)

Product Code: FBI113871

Table of Content

1. Introduction

  • 1.1. Definition, By Segment
  • 1.2. Research Methodology/Approach
  • 1.3. Data Sources

2. Executive Summary

3. Market Dynamics

  • 3.1. Macro and Micro Economic Indicators
  • 3.2. Drivers, Restraints, Opportunities and Trends
  • 3.3. Impact of Generative AI
  • 3.4. Impact of Reciprocal Tariffs on SMT Inspection Equipment Market

4. Competition Landscape

  • 4.1. Business Strategies Adopted by Key Players
  • 4.2. Consolidated SWOT Analysis of Key Players
  • 4.3. Europe SMT Inspection Equipment Key Players (Top 3 - 5) Market Share/Ranking, 2024
  • 4.4. Europe SMT Inspection Companies Key Players Dashboard

5. Import Export Analysis

6. Europe SMT Inspection Equipment Market Size Estimates and Forecasts, By Segments, 2019-2032

  • 6.1. Key Findings
  • 6.2. By Type (USD)
    • 6.2.1. Automated Optical Inspection (AOI)
    • 6.2.2. Solder Paste Inspection (SPI)
    • 6.2.3. Automated X-Ray Inspection (AXI)
  • 6.3. By Application (USD)
    • 6.3.1. Consumer and Industrial Electronics
    • 6.3.2. Telecommunications Equipment
    • 6.3.3. Automotive
    • 6.3.4. LED and Display
    • 6.3.5. Medical Devices
    • 6.3.6. Aerospace and Defense
    • 6.3.7. Others (Renewable Energy, Etc.)
  • 6.4. By Country (USD)
    • 6.4.1. U.K.
    • 6.4.2. Germany
    • 6.4.3. France
    • 6.4.4. Italy
    • 6.4.5. Spain
    • 6.4.6. Russia
    • 6.4.7. Benelux
    • 6.4.8. Nordics
    • 6.4.9. Rest of Europe

7. Company Profiles for Top 10 Players (Based on data availability in public domain and/or on paid databases)

  • 7.1. Koh Young Technology, Inc.
    • 7.1.1. Overview
      • 7.1.1.1. Key Management
      • 7.1.1.2. Headquarters
      • 7.1.1.3. Offerings/Business Segments
    • 7.1.2. Key Details (Key details are consolidated data and not product/service specific)
      • 7.1.2.1. Employee Size
      • 7.1.2.2. Past and Current Revenue
      • 7.1.2.3. Geographical Share
      • 7.1.2.4. Business Segment Share
      • 7.1.2.5. Recent Developments
  • 7.2. Viscom AG
    • 7.2.1. Overview
      • 7.2.1.1. Key Management
      • 7.2.1.2. Headquarters
      • 7.2.1.3. Offerings/Business Segments
    • 7.2.2. Key Details (Key details are consolidated data and not product/service specific)
      • 7.2.2.1. Employee Size
      • 7.2.2.2. Past and Current Revenue
      • 7.2.2.3. Geographical Share
      • 7.2.2.4. Business Segment Share
      • 7.2.2.5. Recent Developments
  • 7.3. Mirtec Europe GmbH
    • 7.3.1. Overview
      • 7.3.1.1. Key Management
      • 7.3.1.2. Headquarters
      • 7.3.1.3. Offerings/Business Segments
    • 7.3.2. Key Details (Key details are consolidated data and not product/service specific)
      • 7.3.2.1. Employee Size
      • 7.3.2.2. Past and Current Revenue
      • 7.3.2.3. Geographical Share
      • 7.3.2.4. Business Segment Share
      • 7.3.2.5. Recent Developments
  • 7.4. Saki Corporation
    • 7.4.1. Overview
      • 7.4.1.1. Key Management
      • 7.4.1.2. Headquarters
      • 7.4.1.3. Offerings/Business Segments
    • 7.4.2. Key Details (Key details are consolidated data and not product/service specific)
      • 7.4.2.1. Employee Size
      • 7.4.2.2. Past and Current Revenue
      • 7.4.2.3. Geographical Share
      • 7.4.2.4. Business Segment Share
      • 7.4.2.5. Recent Developments
  • 7.5. Test Research, Inc.
    • 7.5.1. Overview
      • 7.5.1.1. Key Management
      • 7.5.1.2. Headquarters
      • 7.5.1.3. Offerings/Business Segments
    • 7.5.2. Key Details (Key details are consolidated data and not product/service specific)
      • 7.5.2.1. Employee Size
      • 7.5.2.2. Past and Current Revenue
      • 7.5.2.3. Geographical Share
      • 7.5.2.4. Business Segment Share
      • 7.5.2.5. Recent Developments
  • 7.6. PARMI Co., Ltd.
    • 7.6.1. Overview
      • 7.6.1.1. Key Management
      • 7.6.1.2. Headquarters
      • 7.6.1.3. Offerings/Business Segments
    • 7.6.2. Key Details (Key details are consolidated data and not product/service specific)
      • 7.6.2.1. Employee Size
      • 7.6.2.2. Past and Current Revenue
      • 7.6.2.3. Geographical Share
      • 7.6.2.4. Business Segment Share
      • 7.6.2.5. Recent Developments
  • 7.7. CyberOptics (Nordson Corporation)
    • 7.7.1. Overview
      • 7.7.1.1. Key Management
      • 7.7.1.2. Headquarters
      • 7.7.1.3. Offerings/Business Segments
    • 7.7.2. Key Details (Key details are consolidated data and not product/service specific)
      • 7.7.2.1. Employee Size
      • 7.7.2.2. Past and Current Revenue
      • 7.7.2.3. Geographical Share
      • 7.7.2.4. Business Segment Share
      • 7.7.2.5. Recent Developments
  • 7.8. ALeader
    • 7.8.1. Overview
      • 7.8.1.1. Key Management
      • 7.8.1.2. Headquarters
      • 7.8.1.3. Offerings/Business Segments
    • 7.8.2. Key Details (Key details are consolidated data and not product/service specific)
      • 7.8.2.1. Employee Size
      • 7.8.2.2. Past and Current Revenue
      • 7.8.2.3. Geographical Share
      • 7.8.2.4. Business Segment Share
      • 7.8.2.5. Recent Developments
  • 7.9. PEMTRON Co., Ltd.
    • 7.9.1. Overview
      • 7.9.1.1. Key Management
      • 7.9.1.2. Headquarters
      • 7.9.1.3. Offerings/Business Segments
    • 7.9.2. Key Details (Key details are consolidated data and not product/service specific)
      • 7.9.2.1. Employee Size
      • 7.9.2.2. Past and Current Revenue
      • 7.9.2.3. Geographical Share
      • 7.9.2.4. Business Segment Share
      • 7.9.2.5. Recent Developments
  • 7.10. Shenzhen Magic-ray Technology Co., Ltd.
    • 7.10.1. Overview
      • 7.10.1.1. Key Management
      • 7.10.1.2. Headquarters
      • 7.10.1.3. Offerings/Business Segments
    • 7.10.2. Key Details (Key details are consolidated data and not product/service specific)
      • 7.10.2.1. Employee Size
      • 7.10.2.2. Past and Current Revenue
      • 7.10.2.3. Geographical Share
      • 7.10.2.4. Business Segment Share
      • 7.10.2.5. Recent Developments
  • 7.11. Guangzhou Leichen Intelligent Equipment Co., Ltd.
    • 7.11.1. Overview
      • 7.11.1.1. Key Management
      • 7.11.1.2. Headquarters
      • 7.11.1.3. Offerings/Business Segments
    • 7.11.2. Key Details (Key details are consolidated data and not product/service specific)
      • 7.11.2.1. Employee Size
      • 7.11.2.2. Past and Current Revenue
      • 7.11.2.3. Geographical Share
      • 7.11.2.4. Business Segment Share
      • 7.11.2.5. Recent Developments
  • 7.12. Omron Corporation
    • 7.12.1. Overview
      • 7.12.1.1. Key Management
      • 7.12.1.2. Headquarters
      • 7.12.1.3. Offerings/Business Segments
    • 7.12.2. Key Details (Key details are consolidated data and not product/service specific)
      • 7.12.2.1. Employee Size
      • 7.12.2.2. Past and Current Revenue
      • 7.12.2.3. Geographical Share
      • 7.12.2.4. Business Segment Share
      • 7.12.2.5. Recent Developments
Product Code: FBI113871

List of Tables

  • Table 1: Europe SMT Inspection Equipment Market Size Estimates and Forecasts, 2019 - 2032
  • Table 2: Europe SMT Inspection Equipment Market Size Estimates and Forecasts, By Type, 2019 - 2032
  • Table 3: Europe SMT Inspection Equipment Market Size Estimates and Forecasts, By Application, 2019 - 2032
  • Table 4: Europe SMT Inspection Equipment Market Size Estimates and Forecasts, By Country, 2019 - 2032

List of Figures

  • Figure 1: Europe SMT Inspection Equipment Market Revenue Share (%), 2024 and 2032
  • Figure 2: Europe SMT Inspection Equipment Market Revenue Share (%), By Type, 2024 and 2032
  • Figure 3: Europe SMT Inspection Equipment Market Revenue Share (%), By Application, 2024 and 2032
  • Figure 4: Europe SMT Inspection Equipment Market Revenue Share (%), By Country, 2024 and 2032
  • Figure 5: Europe SMT Inspection Equipment Key Players' Market Share/Ranking (%), 2024
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Manager - EMEA

+32-2-535-7543

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Christine Sirois

Manager - Americas

+1-860-674-8796

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