Global Surface Mount Technology (SMT) Equipment Market 2024-2028

The surface mount technology (SMT) equipment market is forecasted to grow by USD 2548.05 mn during 2023-2028, accelerating at a CAGR of 7.72% during the forecast period. The report on the surface mount technology (SMT) equipment market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by miniaturization of components, rising use of IoT devices and wearable technologies, rising wireless communications, and increasing usage of 3G, 4G, and 5G networks.

Market Scope
Base Year	2023
End Year	2028
Series Year	2024-2028
Growth Momentum	Accelerate
YOY 2024	6.72%
CAGR	7.72%
Incremental Value	$2548.05mn

Technavio's surface mount technology (SMT) equipment market is segmented as below:

By End-user

Telecommunication
Consumer electronics
Aerospace and defense
Automotive
Others

By Type

Placement equipment
Inspection equipment
Soldering equipment
Screen printing equipment
Others

By Geographical Landscape

APAC
North America
Europe
Middle East and Africa
South America

This study identifies the growing electronic industry to increase the demand for SMT equipment as one of the prime reasons driving the surface mount technology (SMT) equipment market growth during the next few years. Also, technological advances in product offerings and decreased cost of board and material handling will lead to sizable demand in the market.

The report on the surface mount technology (SMT) equipment market covers the following areas:

Surface mount technology (SMT) equipment market sizing
Surface mount technology (SMT) equipment market forecast
Surface mount technology (SMT) equipment market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading surface mount technology (SMT) equipment market vendors that include Amistar Automation Inc., Autotronik SMT GmbH, Beijing Torch Co. Ltd., DDM Novastar Inc., Europlacer Ltd., FRITSCH GmBH, FUJI Corp., Hanwha Corp., Juki Corp., Kulicke and Soffa Industries Inc., Mirae Corp., Mycronic AB, Nordson Corp., Panasonic Holdings Corp., SMTnet, SumiLax SMT Technologies Pvt Ltd, Universal Instruments Corp., Versatec LLC, Yamaha Motor Co. Ltd., and ASMPT Ltd. Also, the surface mount technology (SMT) equipment market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources through an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.

Product Code: IRTNTR76662

1 Executive Summary

1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Global Market Characteristics
Exhibit 04: Executive Summary - Chart on Market By Geographical Landscape
Exhibit 05: Executive Summary - Chart on Market Segmentation by End-user
Exhibit 06: Executive Summary - Chart on Market Segmentation by Type
Exhibit 07: Executive Summary - Chart on Incremental Growth
Exhibit 08: Executive Summary - Data Table on Incremental Growth
Exhibit 09: Executive Summary - Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ million)
Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ million)
Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

4 Historic Market Size

4.1 Global surface mount technology (SMT) equipment market 2018 - 2022
Exhibit 18: Historic Market Size - Data Table on global surface mount technology (smt) equipment market 2018 - 2022 ($ million)
4.2 End-user Segment Analysis 2018 - 2022
Exhibit 19: Historic Market Size - End-user Segment 2018 - 2022 ($ million)
4.3 Type Segment Analysis 2018 - 2022
Exhibit 20: Historic Market Size - Type Segment 2018 - 2022 ($ million)
4.4 Geography Segment Analysis 2018 - 2022
Exhibit 21: Historic Market Size - Geography Segment 2018 - 2022 ($ million)
4.5 Country Segment Analysis 2018 - 2022
Exhibit 22: Historic Market Size - Country Segment 2018 - 2022 ($ million)

5 Five Forces Analysis

5.1 Five forces summary
Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
Exhibit 24: Chart on Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
Exhibit 25: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
Exhibit 26: Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
Exhibit 27: Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
Exhibit 28: Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by End-user

6.1 Market segments
Exhibit 30: Chart on End-user - Market share 2023-2028 (%)
Exhibit 31: Data Table on End-user - Market share 2023-2028 (%)
6.2 Comparison by End-user
Exhibit 32: Chart on Comparison by End-user
Exhibit 33: Data Table on Comparison by End-user
6.3 Telecommunication - Market size and forecast 2023-2028
Exhibit 34: Chart on Telecommunication - Market size and forecast 2023-2028 ($ million)
Exhibit 35: Data Table on Telecommunication - Market size and forecast 2023-2028 ($ million)
Exhibit 36: Chart on Telecommunication - Year-over-year growth 2023-2028 (%)
Exhibit 37: Data Table on Telecommunication - Year-over-year growth 2023-2028 (%)
6.4 Consumer electronics - Market size and forecast 2023-2028
Exhibit 38: Chart on Consumer electronics - Market size and forecast 2023-2028 ($ million)
Exhibit 39: Data Table on Consumer electronics - Market size and forecast 2023-2028 ($ million)
Exhibit 40: Chart on Consumer electronics - Year-over-year growth 2023-2028 (%)
Exhibit 41: Data Table on Consumer electronics - Year-over-year growth 2023-2028 (%)
6.5 Aerospace and defense - Market size and forecast 2023-2028
Exhibit 42: Chart on Aerospace and defense - Market size and forecast 2023-2028 ($ million)
Exhibit 43: Data Table on Aerospace and defense - Market size and forecast 2023-2028 ($ million)
Exhibit 44: Chart on Aerospace and defense - Year-over-year growth 2023-2028 (%)
Exhibit 45: Data Table on Aerospace and defense - Year-over-year growth 2023-2028 (%)
6.6 Automotive - Market size and forecast 2023-2028
Exhibit 46: Chart on Automotive - Market size and forecast 2023-2028 ($ million)
Exhibit 47: Data Table on Automotive - Market size and forecast 2023-2028 ($ million)
Exhibit 48: Chart on Automotive - Year-over-year growth 2023-2028 (%)
Exhibit 49: Data Table on Automotive - Year-over-year growth 2023-2028 (%)
6.7 Others - Market size and forecast 2023-2028
Exhibit 50: Chart on Others - Market size and forecast 2023-2028 ($ million)
Exhibit 51: Data Table on Others - Market size and forecast 2023-2028 ($ million)
Exhibit 52: Chart on Others - Year-over-year growth 2023-2028 (%)
Exhibit 53: Data Table on Others - Year-over-year growth 2023-2028 (%)
6.8 Market opportunity by End-user
Exhibit 54: Market opportunity by End-user ($ million)
Exhibit 55: Data Table on Market opportunity by End-user ($ million)

7 Market Segmentation by Type

7.1 Market segments
Exhibit 56: Chart on Type - Market share 2023-2028 (%)
Exhibit 57: Data Table on Type - Market share 2023-2028 (%)
7.2 Comparison by Type
Exhibit 58: Chart on Comparison by Type
Exhibit 59: Data Table on Comparison by Type
7.3 Placement equipment - Market size and forecast 2023-2028
Exhibit 60: Chart on Placement equipment - Market size and forecast 2023-2028 ($ million)
Exhibit 61: Data Table on Placement equipment - Market size and forecast 2023-2028 ($ million)
Exhibit 62: Chart on Placement equipment - Year-over-year growth 2023-2028 (%)
Exhibit 63: Data Table on Placement equipment - Year-over-year growth 2023-2028 (%)
7.4 Inspection equipment - Market size and forecast 2023-2028
Exhibit 64: Chart on Inspection equipment - Market size and forecast 2023-2028 ($ million)
Exhibit 65: Data Table on Inspection equipment - Market size and forecast 2023-2028 ($ million)
Exhibit 66: Chart on Inspection equipment - Year-over-year growth 2023-2028 (%)
Exhibit 67: Data Table on Inspection equipment - Year-over-year growth 2023-2028 (%)
7.5 Soldering equipment - Market size and forecast 2023-2028
Exhibit 68: Chart on Soldering equipment - Market size and forecast 2023-2028 ($ million)
Exhibit 69: Data Table on Soldering equipment - Market size and forecast 2023-2028 ($ million)
Exhibit 70: Chart on Soldering equipment - Year-over-year growth 2023-2028 (%)
Exhibit 71: Data Table on Soldering equipment - Year-over-year growth 2023-2028 (%)
7.6 Screen printing equipment - Market size and forecast 2023-2028
Exhibit 72: Chart on Screen printing equipment - Market size and forecast 2023-2028 ($ million)
Exhibit 73: Data Table on Screen printing equipment - Market size and forecast 2023-2028 ($ million)
Exhibit 74: Chart on Screen printing equipment - Year-over-year growth 2023-2028 (%)
Exhibit 75: Data Table on Screen printing equipment - Year-over-year growth 2023-2028 (%)
7.7 Others - Market size and forecast 2023-2028
Exhibit 76: Chart on Others - Market size and forecast 2023-2028 ($ million)
Exhibit 77: Data Table on Others - Market size and forecast 2023-2028 ($ million)
Exhibit 78: Chart on Others - Year-over-year growth 2023-2028 (%)
Exhibit 79: Data Table on Others - Year-over-year growth 2023-2028 (%)
7.8 Market opportunity by Type
Exhibit 80: Market opportunity by Type ($ million)
Exhibit 81: Data Table on Market opportunity by Type ($ million)

8 Customer Landscape

8.1 Customer landscape overview
Exhibit 82: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
Exhibit 83: Chart on Market share By Geographical Landscape 2023-2028 (%)
Exhibit 84: Data Table on Market share By Geographical Landscape 2023-2028 (%)
9.2 Geographic comparison
Exhibit 85: Chart on Geographic comparison
Exhibit 86: Data Table on Geographic comparison
9.3 APAC - Market size and forecast 2023-2028
Exhibit 87: Chart on APAC - Market size and forecast 2023-2028 ($ million)
Exhibit 88: Data Table on APAC - Market size and forecast 2023-2028 ($ million)
Exhibit 89: Chart on APAC - Year-over-year growth 2023-2028 (%)
Exhibit 90: Data Table on APAC - Year-over-year growth 2023-2028 (%)
9.4 North America - Market size and forecast 2023-2028
Exhibit 91: Chart on North America - Market size and forecast 2023-2028 ($ million)
Exhibit 92: Data Table on North America - Market size and forecast 2023-2028 ($ million)
Exhibit 93: Chart on North America - Year-over-year growth 2023-2028 (%)
Exhibit 94: Data Table on North America - Year-over-year growth 2023-2028 (%)
9.5 Europe - Market size and forecast 2023-2028
Exhibit 95: Chart on Europe - Market size and forecast 2023-2028 ($ million)
Exhibit 96: Data Table on Europe - Market size and forecast 2023-2028 ($ million)
Exhibit 97: Chart on Europe - Year-over-year growth 2023-2028 (%)
Exhibit 98: Data Table on Europe - Year-over-year growth 2023-2028 (%)
9.6 Middle East and Africa - Market size and forecast 2023-2028
Exhibit 99: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
Exhibit 100: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
Exhibit 101: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
Exhibit 102: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
9.7 South America - Market size and forecast 2023-2028
Exhibit 103: Chart on South America - Market size and forecast 2023-2028 ($ million)
Exhibit 104: Data Table on South America - Market size and forecast 2023-2028 ($ million)
Exhibit 105: Chart on South America - Year-over-year growth 2023-2028 (%)
Exhibit 106: Data Table on South America - Year-over-year growth 2023-2028 (%)
9.8 China - Market size and forecast 2023-2028
Exhibit 107: Chart on China - Market size and forecast 2023-2028 ($ million)
Exhibit 108: Data Table on China - Market size and forecast 2023-2028 ($ million)
Exhibit 109: Chart on China - Year-over-year growth 2023-2028 (%)
Exhibit 110: Data Table on China - Year-over-year growth 2023-2028 (%)
9.9 US - Market size and forecast 2023-2028
Exhibit 111: Chart on US - Market size and forecast 2023-2028 ($ million)
Exhibit 112: Data Table on US - Market size and forecast 2023-2028 ($ million)
Exhibit 113: Chart on US - Year-over-year growth 2023-2028 (%)
Exhibit 114: Data Table on US - Year-over-year growth 2023-2028 (%)
9.10 Japan - Market size and forecast 2023-2028
Exhibit 115: Chart on Japan - Market size and forecast 2023-2028 ($ million)
Exhibit 116: Data Table on Japan - Market size and forecast 2023-2028 ($ million)
Exhibit 117: Chart on Japan - Year-over-year growth 2023-2028 (%)
Exhibit 118: Data Table on Japan - Year-over-year growth 2023-2028 (%)
9.11 Germany - Market size and forecast 2023-2028
Exhibit 119: Chart on Germany - Market size and forecast 2023-2028 ($ million)
Exhibit 120: Data Table on Germany - Market size and forecast 2023-2028 ($ million)
Exhibit 121: Chart on Germany - Year-over-year growth 2023-2028 (%)
Exhibit 122: Data Table on Germany - Year-over-year growth 2023-2028 (%)
9.12 UK - Market size and forecast 2023-2028
Exhibit 123: Chart on UK - Market size and forecast 2023-2028 ($ million)
Exhibit 124: Data Table on UK - Market size and forecast 2023-2028 ($ million)
Exhibit 125: Chart on UK - Year-over-year growth 2023-2028 (%)
Exhibit 126: Data Table on UK - Year-over-year growth 2023-2028 (%)
9.13 Market opportunity By Geographical Landscape
Exhibit 127: Market opportunity By Geographical Landscape ($ million)
Exhibit 128: Data Tables on Market opportunity By Geographical Landscape ($ million)

10 Drivers, Challenges, and Trends

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 129: Impact of drivers and challenges in 2023 and 2028
10.4 Market trends

11 Vendor Landscape

11.1 Overview
11.2 Vendor landscape
Exhibit 130: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 131: Overview on factors of disruption
11.4 Industry risks
Exhibit 132: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
Exhibit 133: Vendors covered
12.2 Market positioning of vendors
Exhibit 134: Matrix on vendor position and classification
12.3 Amistar Automation Inc.
Exhibit 135: Amistar Automation Inc. - Overview
Exhibit 136: Amistar Automation Inc. - Product / Service
Exhibit 137: Amistar Automation Inc. - Key offerings
12.4 ASMPT Ltd.
Exhibit 138: ASMPT Ltd. - Overview
Exhibit 139: ASMPT Ltd. - Business segments
Exhibit 140: ASMPT Ltd. - Key offerings
Exhibit 141: ASMPT Ltd. - Segment focus
12.5 Autotronik SMT GmbH
Exhibit 142: Autotronik SMT GmbH - Overview
Exhibit 143: Autotronik SMT GmbH - Product / Service
Exhibit 144: Autotronik SMT GmbH - Key offerings
12.6 Beijing Torch Co. Ltd.
Exhibit 145: Beijing Torch Co. Ltd. - Overview
Exhibit 146: Beijing Torch Co. Ltd. - Product / Service
Exhibit 147: Beijing Torch Co. Ltd. - Key offerings
12.7 DDM Novastar Inc.
Exhibit 148: DDM Novastar Inc. - Overview
Exhibit 149: DDM Novastar Inc. - Product / Service
Exhibit 150: DDM Novastar Inc. - Key offerings
12.8 Europlacer Ltd.
Exhibit 151: Europlacer Ltd. - Overview
Exhibit 152: Europlacer Ltd. - Product / Service
Exhibit 153: Europlacer Ltd. - Key offerings
12.9 FRITSCH GmBH
Exhibit 154: FRITSCH GmBH - Overview
Exhibit 155: FRITSCH GmBH - Product / Service
Exhibit 156: FRITSCH GmBH - Key offerings
12.10 FUJI Corp.
Exhibit 157: FUJI Corp. - Overview
Exhibit 158: FUJI Corp. - Business segments
Exhibit 159: FUJI Corp. - Key offerings
Exhibit 160: FUJI Corp. - Segment focus
12.11 Hanwha Corp.
Exhibit 161: Hanwha Corp. - Overview
Exhibit 162: Hanwha Corp. - Product / Service
Exhibit 163: Hanwha Corp. - Key news
Exhibit 164: Hanwha Corp. - Key offerings
12.12 Juki Corp.
Exhibit 165: Juki Corp. - Overview
Exhibit 166: Juki Corp. - Business segments
Exhibit 167: Juki Corp. - Key offerings
Exhibit 168: Juki Corp. - Segment focus
12.13 Kulicke and Soffa Industries Inc.
Exhibit 169: Kulicke and Soffa Industries Inc. - Overview
Exhibit 170: Kulicke and Soffa Industries Inc. - Business segments
Exhibit 171: Kulicke and Soffa Industries Inc. - Key offerings
Exhibit 172: Kulicke and Soffa Industries Inc. - Segment focus
12.14 Mirae Corp.
Exhibit 173: Mirae Corp. - Overview
Exhibit 174: Mirae Corp. - Product / Service
Exhibit 175: Mirae Corp. - Key offerings
12.15 Mycronic AB
Exhibit 176: Mycronic AB - Overview
Exhibit 177: Mycronic AB - Business segments
Exhibit 178: Mycronic AB - Key offerings
Exhibit 179: Mycronic AB - Segment focus
12.16 Nordson Corp.
Exhibit 180: Nordson Corp. - Overview
Exhibit 181: Nordson Corp. - Business segments
Exhibit 182: Nordson Corp. - Key news
Exhibit 183: Nordson Corp. - Key offerings
Exhibit 184: Nordson Corp. - Segment focus
12.17 Panasonic Holdings Corp.
Exhibit 185: Panasonic Holdings Corp. - Overview
Exhibit 186: Panasonic Holdings Corp. - Product / Service
Exhibit 187: Panasonic Holdings Corp. - Key news
Exhibit 188: Panasonic Holdings Corp. - Key offerings

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 189: Inclusions checklist
Exhibit 190: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 191: Currency conversion rates for US$
13.4 Research methodology
Exhibit 192: Research methodology
Exhibit 193: Validation techniques employed for market sizing
Exhibit 194: Information sources
13.5 List of abbreviations
Exhibit 195: List of abbreviations