Surface Mount Technology Equipment Market Overview
according to the latest research report published by Market Research Future (MRFR). The global surface mount technology equipment market is mainly driven by the growing demand for printed circuit boards in the automotive industry and consumer electronics. The global surface mount technology equipment market is expected to jump to a valuation of USD 4 billion by 2022, according to MRFR.
Benefits of Surface Mount Technology can be given as the Surface Mount Technology components are smaller in size; they have higher component density and can be placed on both sides of the printed circuit board. Surface Mount Technology components consist of passive surface mount devices, transistor & diodes and integrated circuits. These components have lower initial costs. But Surface Mount Technology also has a few drawbacks as, repair is more difficult and the components cannot be directly used on a breadboard.
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Surface mount technology equipment refers to the equipment used to attach printed circuit components onto the board rather than having to drill holes through the board to attach the components. This provides benefits in the form of the ability to mount components onto both surfaces, which can make the PCB significantly more powerful. Surface mount technology equipment uses various ways to attach the components onto printed circuit boards, including metal tabs that are soldered to the PCB.
Surface Mount Technology Equipment Market Competitive Analysis:
Leading players in the global surface mount technology equipment market include Orbotech Ltd., Hitachi High-Technologies Corporation, Nordson Corporation, Assembly Systems, Mycronic AB, Fuji Machine Manufacturing Co. Ltd., and CyberOptics Corporation.
Industry updates
In May 2019, Mitsubishi Electric and HERE Technologies completed a pilot test for a road hazard warning system in California, following trials in Japan. Such efforts are likely to drive the global surface mount technology equipment market over the forecast period, as the demand for more driver aid is likely to grow over the forecast period. In November 2018, a study conducted in Stevens Institute of Technology found that the use of smart car technologies cumulatively saves drivers up to USD 6.2 billion every year, illustrating the potential for the use of smart car technology in the coming years.
Segmentation
The global surface mount technology market has been segmented based on equipment, end user industries, and components. By equipment, the market has been segmented into Pick and place, Coating equipment, Solder equipment, Cleaning agents, and Rework and repair equipment. By end use industries, the market has been segmented into telecommunication, consumer electronics, automotive and medical. By components, the market has been segmented into passive surface mount devices, transistor & diodes, and integrated circuits.
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Regional Analysis:
The regional analysis of Surface Mount Technology is being studied for region such as Asia pacific, North America, Europe and Rest of the World. It has been observed that Asia-Pacific region is dominated in Surface Mount Technology market followed by Latin America.
Asia – Pacific countries like China, India and Japan are ahead in the Surface Mount Technology market due to the higher availability of skilled labor and increasing penetration of high tech devices which require miniaturization. Countries like India and China with high population results in increasing consumer electronics demand which gives a booster to the use of Surface Mount Technology market.
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