Surface Mount Technology Market - Forecasts from 2025 to 2030

The surface mount technology (SMT) market will grow at a CAGR of 7.30% to be valued at US$8.231 billion in 2030 from US$5.786 billion in 2025.

The growing electronics industry and flexible PCB equipment usage are key factors driving surface mount technology market growth. Miniaturization and defect reduction are boosting equipment demand, though high SMT costs are restraining growth.

Since 2016, consumer electronics has maintained the largest market share, driven by growing demand for smartphones and tablets, with technological advancements further fueling growth.

The global surface mount technology market report offers an in-depth analysis of the industry, delivering strategic and executive-level insights supported by data-driven forecasts. Regularly updated, it provides decision-makers with actionable intelligence on market trends, emerging opportunities, and competitive dynamics. The report examines demand for various equipment types, including screen print, soldering, inspection, placement, cleaning, and repair & rework equipment, highlighting their adoption across different regions. It also analyzes the latest technological advancements, key government policies, regulations, and macroeconomic factors, offering a comprehensive view of the market.

Some of the major players covered in this report include Fuji Corporation, Panasonic Corporation, Yamaha Motor CO., Ltd., ASM Pacific Technology, Optiemus Electronics Ltd., Aimtron Corporation, Roots Industries India Ltd., and Juki Corporation among others.

Key Benefits of this Report:

• Insightful Analysis: Gain detailed market insights covering major as well as emerging geographical regions, focusing on customer segments, government policies and socio-economic factors, consumer preferences, industry verticals, and other sub-segments.
• Competitive Landscape: Understand the strategic maneuvers employed by key players globally to understand possible market penetration with the correct strategy.
• Market Drivers & Future Trends: Explore the dynamic factors and pivotal market trends and how they will shape future market developments.
• Actionable Recommendations: Utilize the insights to exercise strategic decisions to uncover new business streams and revenues in a dynamic environment.
• Caters to a Wide Audience: Beneficial and cost-effective for startups, research institutions, consultants, SMEs, and large enterprises.

What do businesses use our reports for?

Industry and Market Insights, Opportunity Assessment, Product Demand Forecasting, Market Entry Strategy, Geographical Expansion, Capital Investment Decisions, Regulatory Framework & Implications, New Product Development, Competitive Intelligence

Report Coverage:

• Historical data from 2022 to 2024 & forecast data from 2025 to 2030
• Growth Opportunities, Challenges, Supply Chain Outlook, Regulatory Framework, and Trend Analysis
• Competitive Positioning, Strategies, and Market Share Analysis
• Revenue Growth and Forecast Assessment of segments and regions including countries
• Company Profiling (Strategies, Products, Financial Information, and Key Developments among others)

Surface Mount Technology Market Segmentations:

Surface Mount Technology Market Segmentation by equipment:

The surface mount technology market is analyzed by equipment into the following:

• Screen Print Equipment
• Soldering Equipment
• Inspection Equipment
• Placement Equipment
• Cleaning Equipment
• Repair & Rework Equipment

Surface Mount Technology Market Segmentation by service:

The report analyzed the surface mount technology market into different services as below:

• Design
• Manufacturing
• Supply Chain Services
• Test & Prototype
• Aftermarket Services

Surface Mount Technology Market Segmentation by industry vertical:

The report analyzed the surface mount technology market into different industries as below:

• Telecommunication
• Consumer Electronics
• Automotive
• Healthcare
• Others

Surface Mount Technology Market Segmentation by regions:

The study also analyzed the surface mount technology market into the following regions, with country-level forecasts and analysis as below:

• Americas (US)
• Europe Middle East and Africa (Germany, Netherlands, and Others)
• Asia Pacific (China, Japan, Taiwan, South Korea, and Others)

Surface Mount Technology Market Report Coverage:

This report provides extensive coverage as explained in the points below:

• Surface mount technology market size, forecasts, and trends by different equipment. The section provides historical revenue data with analysis focusing on key factors driving the adoption of various equipment. The current challenges faced by key market players and what are the major growth areas.
• Surface mount technology market size, forecasts, and trends by service. The section provides historical revenue data with an analysis focusing on sales of surface mount technology based on services.
• Surface mount technology market size, forecasts, and trends based on industry vertical. The section provides historical revenue data with analysis focusing on various industry-based adoption of surface mount technology.
• The surface mount technology market is also analyzed across different regions, with historical data, regional share, attractiveness, and opportunity of these solutions in different countries. The growth prospects and key players operating in these markets. The section also dwells on the macro factors, economic scenario, and other complementary factors aiding in market growth.
• Market dynamics: The section details the market growth factors, restraints, and opportunities in the market. The segment also presents a complete market scenario with the help of Porter's five forces model.
• Competitive Intelligence: A thorough investigation of the competitive structure of the market presented through a proprietary vendor matrix model, market share analysis of key players, insights on strategies of key players, and recent major developments undertaken by the companies to gain a competitive edge.
• Research methodology: The assumptions and sources that were considered to arrive at the final market estimates. Additionally, how our model is refined to ensure the most significant factors are taken into consideration with the proper hypothesis and bottom-up and top-down approaches enhance the reliability of forecasts further strengthening the trustworthiness of the numbers being presented.

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