PUBLISHER: QYResearch | PRODUCT CODE: 1861379
PUBLISHER: QYResearch | PRODUCT CODE: 1861379
The global market for Surface Mount Technology (SMT) Equipment was estimated to be worth US$ 5182 million in 2024 and is forecast to a readjusted size of US$ 7480 million by 2031 with a CAGR of 5.0% during the forecast period 2025-2031.
This report provides a comprehensive assessment of recent tariff adjustments and international strategic countermeasures on Surface Mount Technology (SMT) Equipment cross-border industrial footprints, capital allocation patterns, regional economic interdependencies, and supply chain reconfigurations.
Surface Mount Technology (SMT) Equipment refers to the machinery and systems used in the electronic assembly process for mounting electronic components directly onto the surface of printed circuit boards (PCBs). Key equipment includes pick-and-place machines, solder paste printers, reflow ovens, inspection systems (AOI, SPI), and screen printers. SMT equipment enables high-speed, automated, and precise assembly of complex electronics, making it essential for industries such as consumer electronics, automotive, telecommunications, medical devices, aerospace, and industrial electronics. SMT technology has largely replaced through-hole assembly due to its efficiency, miniaturization capability, and lower production cost.
In 2024, global sales reached approximately 71 K Units, with an average global market price of around K US$ 72.3 per unit.
The SMT equipment market is set for strong, sustained growth as global electronics demand accelerates across industries. The push toward miniaturization, automation, and high-performance devices ensures SMT remains the backbone of PCB assembly. With Asia-Pacific dominating due to large-scale electronics manufacturing in China, Japan, South Korea, and Taiwan, the region will remain the largest SMT equipment hub. However, North America and Europe will see increasing investments in advanced SMT lines for EVs, aerospace, and medical devices. The rise of 5G, IoT, AI, and EV technologies continues to expand the need for precise, reliable, and automated assembly. Manufacturers are also under pressure to comply with RoHS and eco-friendly manufacturing standards, pushing for upgrades to sustainable SMT processes.
Market Trend
The global SMT equipment market is witnessing strong growth driven by increasing demand for miniaturized, high-performance electronics. As industries such as 5G, IoT, EVs, and consumer electronics expand, manufacturers require advanced SMT solutions that deliver high throughput, precision, and flexibility. Automation is a key trend: smart factories and Industry 4.0 are pushing adoption of intelligent SMT systems with integrated sensors, data analytics, and real-time monitoring. AI-powered inspection systems (AOI, SPI) and collaborative robotics are improving defect detection and reducing downtime.
Market Drive
Several factors are driving the SMT equipment market: Electronics Miniaturization: Growing demand for smaller, lighter, and more powerful devices in smartphones, wearables, and IoT pushes manufacturers to adopt advanced SMT solutions. Automotive Electronics: The shift toward electric vehicles (EVs), ADAS, and connected cars requires highly reliable, compact, and high-performance PCB assemblies, boosting SMT equipment demand.
Upstream and Downstream
Upstream, SMT equipment relies on precision components and raw materials, including motors, sensors, conveyors, nozzles, soldering systems, and high-speed cameras. Suppliers include Keyence (sensors), Omron (automation components), Murata (materials), Henkel & Indium Corp. (solder paste), and Asahi Kasei (chemicals). SMT machine manufacturers such as ASMPT, JUKI, Fuji, Panasonic, Yamaha Robotics, and Mycronic integrate these parts into equipment.
Downstream, SMT equipment is used by EMS (Electronics Manufacturing Services) providers like Foxconn, Pegatron, Jabil, Flex, and Celestica, as well as OEMs such as Apple, Samsung, Huawei, Bosch, Siemens, and Intel. These companies use SMT lines to assemble consumer electronics, EVs, telecom, aerospace, and medical devices.
This report aims to provide a comprehensive presentation of the global market for Surface Mount Technology (SMT) Equipment, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Surface Mount Technology (SMT) Equipment by region & country, by Type, and by Application.
The Surface Mount Technology (SMT) Equipment market size, estimations, and forecasts are provided in terms of sales volume (Units) and sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Surface Mount Technology (SMT) Equipment.
Market Segmentation
By Company
Segment by Type
Segment by Application
By Region
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size (value, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of Surface Mount Technology (SMT) Equipment manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Sales, revenue of Surface Mount Technology (SMT) Equipment in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Sales, revenue of Surface Mount Technology (SMT) Equipment in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.