Surface Mount Technology Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Component (Passive Components, Active Components ), By Equipment, By Service, By End User Industry, By Region & Competition, 2021-2031F

Description

The Global Surface Mount Technology (SMT) Market will grow from USD 7.18 Billion in 2025 to USD 11.69 Billion by 2031 at a 8.46% CAGR. Surface Mount Technology is a production method where electronic components are mounted directly onto the surface of printed circuit boards to create compact and efficient electronic circuits.

Market Overview
Forecast Period	2027-2031
Market Size 2025	USD 7.18 Billion
Market Size 2031	USD 11.69 Billion
CAGR 2026-2031	8.46%
Fastest Growing Segment	Healthcare
Largest Market	North America

Key Market Drivers

The rapid expansion of the Electric Vehicle (EV) sector is a primary catalyst propelling the Global Surface Mount Technology (SMT) Market, as manufacturers increasingly rely on high-precision component placement for complex automotive electronics. Modern EVs require sophisticated SMT assemblies for essential systems, including power management units, battery monitoring circuits, and advanced driver-assistance systems (ADAS), which demand high reliability and miniaturization. This surge in automotive electrification significantly boosts the volume of electronic components processed.

Key Market Challenges

The substantial capital investment required for precision placement and inspection machinery presents a formidable barrier to the expansion of the Global Surface Mount Technology (SMT) Market. This financial burden restricts the market entry of smaller manufacturers and stifles the operational agility of existing cost-sensitive firms. When companies cannot afford essential upgrades to automated optical inspection systems or high-speed placement gear, they struggle to maintain the quality and volume standards demanded by rapidly evolving sectors like automotive electronics.

Key Market Trends

The Adoption of Industry 4.0 and Smart Factory Connectivity Standards is fundamentally reshaping the SMT landscape as manufacturers prioritize digital transformation to enhance operational resilience and efficiency. This trend involves the deep integration of artificial intelligence and machine learning into production lines, enabling predictive maintenance and autonomous process adjustments that significantly reduce downtime. Companies are moving beyond isolated pilot projects to deploy these connected technologies at scale, driven by the need to optimize internal workflows and maintain competitiveness in a fluctuating economic environment.

Key Market Players

Fuji Machine Manufacturing Co., Ltd.
Yamaha Motor Co., Ltd.
Panasonic Corporation
Mycronic AB
ASM Assembly Systems GmbH & Co. KG
Nordson Corporation
Viscom AG
Siemens AG
Kurtz Ersa Corporation
Universal Instruments Corporation

Report Scope:

In this report, the Global Surface Mount Technology (SMT) Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Surface Mount Technology (SMT) Market, By Component:

Passive Components (Resistors, Capacitors)
Active Components (Transistors, Integrated Circuits)

Surface Mount Technology (SMT) Market, By Equipment:

Inspection
Placement
Soldering
Screen Printing
Cleaning
Repair & Rework

Surface Mount Technology (SMT) Market, By Service:

Supply Chain Services
Designing
Aftermarket Services
Test & Prototype
Manufacturing

Surface Mount Technology (SMT) Market, By End User Industry:

Consumer Electronics
Automotive
Industrial
Electronics
Aerospace & Defense
Healthcare
Others

Surface Mount Technology (SMT) Market, By Region:

North America
United States
Canada
Mexico
Europe
France
United Kingdom
Italy
Germany
Spain
Asia Pacific
China
India
Japan
Australia
South Korea
South America
Brazil
Argentina
Colombia
Middle East & Africa
South Africa
Saudi Arabia
UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Surface Mount Technology (SMT) Market.

Available Customizations:

Global Surface Mount Technology (SMT) Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

1. Product Overview

1.1. Market Definition
1.2. Scope of the Market
- 1.2.1. Markets Covered
- 1.2.2. Years Considered for Study
- 1.2.3. Key Market Segmentations

2. Research Methodology

2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations

3. Executive Summary

3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions/Countries
3.5. Overview of Market Drivers, Challenges, Trends

4. Voice of Customer

5. Global Surface Mount Technology (SMT) Market Outlook

5.1. Market Size & Forecast
- 5.1.1. By Value
5.2. Market Share & Forecast
- 5.2.1. By Component (Passive Components (Resistors, Capacitors), Active Components (Transistors, Integrated Circuits))
- 5.2.2. By Equipment (Inspection, Placement, Soldering, Screen Printing, Cleaning, Repair & Rework)
- 5.2.3. By Service (Supply Chain Services, Designing, Aftermarket Services, Test & Prototype, Manufacturing)
- 5.2.4. By End User Industry (Consumer Electronics, Automotive, Industrial, Electronics, Aerospace & Defense, Healthcare, Others)
- 5.2.5. By Region
- 5.2.6. By Company (2025)
5.3. Market Map

6. North America Surface Mount Technology (SMT) Market Outlook

6.1. Market Size & Forecast
- 6.1.1. By Value
6.2. Market Share & Forecast
- 6.2.1. By Component
- 6.2.2. By Equipment
- 6.2.3. By Service
- 6.2.4. By End User Industry
- 6.2.5. By Country
6.3. North America: Country Analysis
- 6.3.1. United States Surface Mount Technology (SMT) Market Outlook
  - 6.3.1.1. Market Size & Forecast
    - 6.3.1.1.1. By Value
  - 6.3.1.2. Market Share & Forecast
    - 6.3.1.2.1. By Component
    - 6.3.1.2.2. By Equipment
    - 6.3.1.2.3. By Service
    - 6.3.1.2.4. By End User Industry
- 6.3.2. Canada Surface Mount Technology (SMT) Market Outlook
  - 6.3.2.1. Market Size & Forecast
    - 6.3.2.1.1. By Value
  - 6.3.2.2. Market Share & Forecast
    - 6.3.2.2.1. By Component
    - 6.3.2.2.2. By Equipment
    - 6.3.2.2.3. By Service
    - 6.3.2.2.4. By End User Industry
- 6.3.3. Mexico Surface Mount Technology (SMT) Market Outlook
  - 6.3.3.1. Market Size & Forecast
    - 6.3.3.1.1. By Value
  - 6.3.3.2. Market Share & Forecast
    - 6.3.3.2.1. By Component
    - 6.3.3.2.2. By Equipment
    - 6.3.3.2.3. By Service
    - 6.3.3.2.4. By End User Industry

7. Europe Surface Mount Technology (SMT) Market Outlook

7.1. Market Size & Forecast
- 7.1.1. By Value
7.2. Market Share & Forecast
- 7.2.1. By Component
- 7.2.2. By Equipment
- 7.2.3. By Service
- 7.2.4. By End User Industry
- 7.2.5. By Country
7.3. Europe: Country Analysis
- 7.3.1. Germany Surface Mount Technology (SMT) Market Outlook
  - 7.3.1.1. Market Size & Forecast
    - 7.3.1.1.1. By Value
  - 7.3.1.2. Market Share & Forecast
    - 7.3.1.2.1. By Component
    - 7.3.1.2.2. By Equipment
    - 7.3.1.2.3. By Service
    - 7.3.1.2.4. By End User Industry
- 7.3.2. France Surface Mount Technology (SMT) Market Outlook
  - 7.3.2.1. Market Size & Forecast
    - 7.3.2.1.1. By Value
  - 7.3.2.2. Market Share & Forecast
    - 7.3.2.2.1. By Component
    - 7.3.2.2.2. By Equipment
    - 7.3.2.2.3. By Service
    - 7.3.2.2.4. By End User Industry
- 7.3.3. United Kingdom Surface Mount Technology (SMT) Market Outlook
  - 7.3.3.1. Market Size & Forecast
    - 7.3.3.1.1. By Value
  - 7.3.3.2. Market Share & Forecast
    - 7.3.3.2.1. By Component
    - 7.3.3.2.2. By Equipment
    - 7.3.3.2.3. By Service
    - 7.3.3.2.4. By End User Industry
- 7.3.4. Italy Surface Mount Technology (SMT) Market Outlook
  - 7.3.4.1. Market Size & Forecast
    - 7.3.4.1.1. By Value
  - 7.3.4.2. Market Share & Forecast
    - 7.3.4.2.1. By Component
    - 7.3.4.2.2. By Equipment
    - 7.3.4.2.3. By Service
    - 7.3.4.2.4. By End User Industry
- 7.3.5. Spain Surface Mount Technology (SMT) Market Outlook
  - 7.3.5.1. Market Size & Forecast
    - 7.3.5.1.1. By Value
  - 7.3.5.2. Market Share & Forecast
    - 7.3.5.2.1. By Component
    - 7.3.5.2.2. By Equipment
    - 7.3.5.2.3. By Service
    - 7.3.5.2.4. By End User Industry

8. Asia Pacific Surface Mount Technology (SMT) Market Outlook

8.1. Market Size & Forecast
- 8.1.1. By Value
8.2. Market Share & Forecast
- 8.2.1. By Component
- 8.2.2. By Equipment
- 8.2.3. By Service
- 8.2.4. By End User Industry
- 8.2.5. By Country
8.3. Asia Pacific: Country Analysis
- 8.3.1. China Surface Mount Technology (SMT) Market Outlook
  - 8.3.1.1. Market Size & Forecast
    - 8.3.1.1.1. By Value
  - 8.3.1.2. Market Share & Forecast
    - 8.3.1.2.1. By Component
    - 8.3.1.2.2. By Equipment
    - 8.3.1.2.3. By Service
    - 8.3.1.2.4. By End User Industry
- 8.3.2. India Surface Mount Technology (SMT) Market Outlook
  - 8.3.2.1. Market Size & Forecast
    - 8.3.2.1.1. By Value
  - 8.3.2.2. Market Share & Forecast
    - 8.3.2.2.1. By Component
    - 8.3.2.2.2. By Equipment
    - 8.3.2.2.3. By Service
    - 8.3.2.2.4. By End User Industry
- 8.3.3. Japan Surface Mount Technology (SMT) Market Outlook
  - 8.3.3.1. Market Size & Forecast
    - 8.3.3.1.1. By Value
  - 8.3.3.2. Market Share & Forecast
    - 8.3.3.2.1. By Component
    - 8.3.3.2.2. By Equipment
    - 8.3.3.2.3. By Service
    - 8.3.3.2.4. By End User Industry
- 8.3.4. South Korea Surface Mount Technology (SMT) Market Outlook
  - 8.3.4.1. Market Size & Forecast
    - 8.3.4.1.1. By Value
  - 8.3.4.2. Market Share & Forecast
    - 8.3.4.2.1. By Component
    - 8.3.4.2.2. By Equipment
    - 8.3.4.2.3. By Service
    - 8.3.4.2.4. By End User Industry
- 8.3.5. Australia Surface Mount Technology (SMT) Market Outlook
  - 8.3.5.1. Market Size & Forecast
    - 8.3.5.1.1. By Value
  - 8.3.5.2. Market Share & Forecast
    - 8.3.5.2.1. By Component
    - 8.3.5.2.2. By Equipment
    - 8.3.5.2.3. By Service
    - 8.3.5.2.4. By End User Industry

9. Middle East & Africa Surface Mount Technology (SMT) Market Outlook

9.1. Market Size & Forecast
- 9.1.1. By Value
9.2. Market Share & Forecast
- 9.2.1. By Component
- 9.2.2. By Equipment
- 9.2.3. By Service
- 9.2.4. By End User Industry
- 9.2.5. By Country
9.3. Middle East & Africa: Country Analysis
- 9.3.1. Saudi Arabia Surface Mount Technology (SMT) Market Outlook
  - 9.3.1.1. Market Size & Forecast
    - 9.3.1.1.1. By Value
  - 9.3.1.2. Market Share & Forecast
    - 9.3.1.2.1. By Component
    - 9.3.1.2.2. By Equipment
    - 9.3.1.2.3. By Service
    - 9.3.1.2.4. By End User Industry
- 9.3.2. UAE Surface Mount Technology (SMT) Market Outlook
  - 9.3.2.1. Market Size & Forecast
    - 9.3.2.1.1. By Value
  - 9.3.2.2. Market Share & Forecast
    - 9.3.2.2.1. By Component
    - 9.3.2.2.2. By Equipment
    - 9.3.2.2.3. By Service
    - 9.3.2.2.4. By End User Industry
- 9.3.3. South Africa Surface Mount Technology (SMT) Market Outlook
  - 9.3.3.1. Market Size & Forecast
    - 9.3.3.1.1. By Value
  - 9.3.3.2. Market Share & Forecast
    - 9.3.3.2.1. By Component
    - 9.3.3.2.2. By Equipment
    - 9.3.3.2.3. By Service
    - 9.3.3.2.4. By End User Industry

10. South America Surface Mount Technology (SMT) Market Outlook

10.1. Market Size & Forecast
- 10.1.1. By Value
10.2. Market Share & Forecast
- 10.2.1. By Component
- 10.2.2. By Equipment
- 10.2.3. By Service
- 10.2.4. By End User Industry
- 10.2.5. By Country
10.3. South America: Country Analysis
- 10.3.1. Brazil Surface Mount Technology (SMT) Market Outlook
  - 10.3.1.1. Market Size & Forecast
    - 10.3.1.1.1. By Value
  - 10.3.1.2. Market Share & Forecast
    - 10.3.1.2.1. By Component
    - 10.3.1.2.2. By Equipment
    - 10.3.1.2.3. By Service
    - 10.3.1.2.4. By End User Industry
- 10.3.2. Colombia Surface Mount Technology (SMT) Market Outlook
  - 10.3.2.1. Market Size & Forecast
    - 10.3.2.1.1. By Value
  - 10.3.2.2. Market Share & Forecast
    - 10.3.2.2.1. By Component
    - 10.3.2.2.2. By Equipment
    - 10.3.2.2.3. By Service
    - 10.3.2.2.4. By End User Industry
- 10.3.3. Argentina Surface Mount Technology (SMT) Market Outlook
  - 10.3.3.1. Market Size & Forecast
    - 10.3.3.1.1. By Value
  - 10.3.3.2. Market Share & Forecast
    - 10.3.3.2.1. By Component
    - 10.3.3.2.2. By Equipment
    - 10.3.3.2.3. By Service
    - 10.3.3.2.4. By End User Industry

11. Market Dynamics

11.1. Drivers
11.2. Challenges

12. Market Trends & Developments

12.1. Merger & Acquisition (If Any)
12.2. Product Launches (If Any)
12.3. Recent Developments

13. Global Surface Mount Technology (SMT) Market: SWOT Analysis

14. Porter's Five Forces Analysis

14.1. Competition in the Industry
14.2. Potential of New Entrants
14.3. Power of Suppliers
14.4. Power of Customers
14.5. Threat of Substitute Products

15. Competitive Landscape

15.1. Fuji Machine Manufacturing Co., Ltd.
- 15.1.1. Business Overview
- 15.1.2. Products & Services
- 15.1.3. Recent Developments
- 15.1.4. Key Personnel
- 15.1.5. SWOT Analysis
15.2. Yamaha Motor Co., Ltd.
15.3. Panasonic Corporation
15.4. Mycronic AB
15.5. ASM Assembly Systems GmbH & Co. KG
15.6. Nordson Corporation
15.7. Viscom AG
15.8. Siemens AG
15.9. Kurtz Ersa Corporation
15.10. Universal Instruments Corporation