The Surface Mount Technology Market was valued at USD 5.6 Billion in 2023 and is expected to reach USD 10.2 Billion by 2032, growing at a CAGR of 6.83% from 2024-2032.
In 2023, SMT equipment production volumes varied across regions, with North America leading due to advanced electronics manufacturing, followed by Asia-Pacific and Europe. PCB design trends continue to evolve, emphasizing miniaturization, High-Density Interconnect, and AI-driven automation for enhanced efficiency. SMT assembly line capacity utilization remained strong, fueled by rising consumer electronics demand, though supply chain disruptions posed challenges. Supply chain metrics highlight extended lead times for key SMT components, reliance on Asian suppliers, and geopolitical factors affecting material availability and logistics. The report also explores emerging SMT technologies, advancements in 3D packaging, AI-driven defect detection, and the role of Industry 4.0 in automation and operational efficiency.
Market Dynamics
Drivers
The rising adoption of compact consumer electronics, IoT devices, and advanced automotive electronics is driving SMT demand, enabling high-density PCB designs and efficient manufacturing.
Surface Mount Technology is gaining traction due to the increasing adoption of compact, high-performance consumer electronics, wearables, and IoT devices. PCB manufacturers are also utilizing advanced SMT equipment, as high-density, tight-tolerance PCB designs are necessary, driven by the trend for miniaturization. Further, with the integration of miniaturized and high-density electronic components in the telecommunication, automotive, and healthcare sectors, this process is expected to grow even more. The increasing rollout of 5G infrastructure and AI-enabled devices further increases demand for cost-effective and reliable SMT solutions, facilitating the seamless manufacture of high-performance electronics with advanced capabilities in smaller and smaller form factors.
Restraints
SMT requires significant capital investment in advanced machinery, skilled labor, and complex transition from through-hole technology, posing challenges for SMEs.
SMT adoption needs quite a lot of capital investment in high placements, reflow ovens, and automated inspection systems. SMEs often struggle with high initial and maintenance costs incurred in establishing SMT assembly lines. Moreover, the use of SMT requires labor and experience, as it contains complex soldering, component placement, and thermal management processes. The complexity of migration from traditional through-hole technology to SMT is also a hurdle for manufacturers to overcome in some regions and industries, which can hinder wide adoption.
Opportunities
AI-powered inspection, smart automation, and 3D packaging innovations are enhancing SMT efficiency, improving quality control, and reducing operational costs.
The combination of artificial intelligence with Industry 4.0 technologies is providing new possibilities for process optimization and quality control in SMT. AI-backed inspection system provides agility in identifying defects which reduces error rates and optimizes production. Automation using Industry 4.0 such as smart robotics and digital twins promotes greater precision and enables real-time monitoring in SMT assembly. Besides, increased applications of 3D packaging and flexible PCBs are exposing new dimensions of SMT applications, enabling manufacturers to cater to the evolving demands of the industry. These new technologies provide SMT players with a substantial amount of growth opportunities to improve productivity and lower operating costs.
Challenges
Global supply chain constraints, raw material shortages, and geopolitical tensions are impacting SMT component availability, leading to increased costs and extended lead times.
The SMT market continues to be hampered by global supply chain disruptions, shortages of raw materials, and geopolitical tensions. The dependence on Asian suppliers for major parts such as solder paste, pick-and-place machines, and semiconductor chips has resulted in supply ambiguities, longer lead times, and varying costs. There are also strict environmental regulations and trade restrictions associated with the supply of raw materials needed for SMTs. To tackle such challenges and to continue smooth SMT operations, manufacturers need to adopt flexible supply chain strategies, diversify sources of supply, and invest in localized production capabilities.
By Equipment
In 2023, the placement segment dominated the market and accounted for a significant revenue share in 2023. The increasing demand for enhancing product technology, reliability, reactivity, and inspection proficiency is attributed to this dominance. In addition, an increase in demand for this equipment in telecommunications, automotive, consumer electronics, computing, and storage is expected to drive segment growth during the forecast period.
The inspection equipment segment is projected to grow at the fastest CAGR during the forecast period. Inspection equipment is used to inspect the manufacturing process to see if there are any errors such as incorrect or absence of placement of components, solder defects, and any other defect that can lead to the nonfunction of the device. Automated inspection equipment is becoming increasingly popular among manufacturers as it enhances the production process, lower cost, and greater product quality consistency. AI and ML technologies incorporated into inspection equipment allow the machines to auto-tune to optimize performance, resulting in even greater accuracy and speed.
By Service
The Design Segment dominated the market and held the largest market share of 37% in the overall market in the year 2023. Key factors responsible for the growth of this segment include the rising demand for PCB design, electronic circuit design, and design for manufacturing services for consumer electronics. Besides, the cost-optimized design services providers enable manufacturers to bring down the total manufacturing cost, enhancing overall profitability through design optimization. Also, designing includes planning or layout of the printed circuit board of the electronic device.
The supply chain services segment is expected to grow at the fastest CAGR during the forecast period. Supply chain services include several service activities; they are: sourcing & procurement, inventory management, logistics & transportation, warehousing & distribution. The first stage in the supply chain process is component sourcing — which refers to how to find the best components from manufacturers and distributors.
By Application
The consumer electronics segment dominated the market and accounted for a significant revenue share in 2023, Due to its advantages over traditional through-hole technology including smaller form factors, quicker production times, and higher efficiency, SMT is widely used in consumer electronics manufacturing. SMT is also widely adopted in mobile device manufacturing, smart wearables, TVs, gaming consoles, and home appliances.
The industry segment is expected to register the fastest CAGR during the forecast period. SMT is used to fabricate automation equipment, medical equipment, power electronics, and photovoltaic systems for example robots, and control systems. SMT components are well suited to these applications due to their small size and high performance. Additionally, the demand for high-performance electronics is gaining traction in a wide range of industrial applications such as automotive control systems, industrial sensors, and communication devices.
Regional Analysis
In 2023, North America dominated the market and accounted for 33% of revenue share. The North American surface mount technology manufacturing market is expected to account for a significant SMT share owing to the presence of well-known surface mount technology providers in the region responsible for significant SMT demand including (but not limited) to CyberOptics, Naprotek, LLC., Teradyne, Inc. and others. Mergers and acquisitions and launching new products are targeted for strategic growth by the key players.
The Asia Pacific region is expected to register the fastest CAGR over the forecast period. This is attributed to the heightened demand for 5G networks and the increased wireless communication standards demand for SMT in the telecommunications sector in this region. Moreover, the market growth is also favouring supportive government policies.
The major key players along with their products are
ASMPT Limited – SIPLACE TX Placement System
Fuji Corporation – AIMEX IIIc Pick-and-Place Machine
Panasonic Corporation – NPM-W2 SMT Placement Machine
Yamaha Motor Co., Ltd. – YSM20R High-Speed Modular Mounter
Mycronic AB – MY300 Pick-and-Place System
Juki Corporation – RS-1R Smart Modular Mounter
Hanwha Precision Machinery – HM520 High-Speed Chip Mounter
Nordson Corporation – ASYMTEK Select Coat SL-940 Conformal Coating System
Viscom AG – S3088 ultra gold 3D AOI System
Kurtz Ersa GmbH – HOTFLOW 3 Reflow Soldering System
EKRA Automatisierungssysteme GmbH – X5 Professional Screen Printer
Rehm Thermal Systems GmbH – VisionXP+ Vacuum Reflow Oven
ITW EAE (Electrovert) – Aquastorm 200 In-Line Cleaning System
Europlacer – iineo+ II Pick-and-Place Machine
Manncorp – MC-400 Automatic Pick-and-Place Machine
Recent Developments
April 2024 Mycronic received an order for a Prexision 800 Evo mask writer for display applications from an existing customer in Asia, with delivery planned for the second quarter of 2024.
October 2024 Keystone expanded its product portfolio by launching ultra-flat surface mount thread inserts, now available in both metric and inch-threaded versions.
|
Report Attributes |
Details |
|
Market Size in 2023 |
USD 5.6 Billion |
|
Market Size by 2032 |
USD 10.2 Billion |
|
CAGR |
CAGR of 6.83% From 2024 to 2032 |
|
Base Year |
2023 |
|
Forecast Period |
2024-2032 |
|
Historical Data |
2020-2022 |
|
Report Scope & Coverage |
Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
|
Key Segments |
• By Equipment (Inspection Equipment, Placement Equipment, Soldering Equipment, Screen Printing Equipment, Cleaning Equipment, Repair & Rework Equipment) |
|
Regional Analysis/Coverage |
North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America) |
|
Company Profiles |
ASMPT Limited, Fuji Corporation, Panasonic Corporation, Yamaha Motor Co., Ltd., Mycronic AB, Juki Corporation, Hanwha Precision Machinery, Nordson Corporation, Viscom AG, Kurtz Ersa GmbH, EKRA Automatisierungssysteme GmbH, Rehm Thermal Systems GmbH, ITW EAE (Electrovert), Europlacer, Manncorp |
Ans: Global supply chain constraints, raw material shortages, and geopolitical tensions are impacting SMT component availability, leading to increased costs and extended lead times.
Ans: The rising adoption of compact consumer electronics, IoT devices, and advanced automotive electronics is driving SMT demand, enabling high-density PCB designs and efficient manufacturing.
Ans: - Asia-Pacific is expected to register the fastest CAGR during the forecast period.
Ans: The CAGR of the Surface Mount Technology Market during the forecast period is 6.83% from 2024-2032.
Ans: The Surface Mount Technology Market was valued at USD 5.6 Billion in 2023 and is expected to reach USD 10.2 Billion by 2032
TABLE OF CONTENT
1. Introduction
1.1 Market Definition
1.2 Scope (Inclusion and Exclusions)
1.3 Research Assumptions
2. Executive Summary
2.1 Market Overview
2.2 Regional Synopsis
2.3 Competitive Summary
3. Research Methodology
3.1 Top-Down Approach
3.2 Bottom-up Approach
3.3. Data Validation
3.4 Primary Interviews
4. Market Dynamics Impact Analysis
4.1 Market Driving Factors Analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2 PESTLE Analysis
4.3 Porter’s Five Forces Model
5. Statistical Insights and Trends Reporting
5.1 SMT Equipment Production Volumes, by Region (2023)
5.2 PCB Design Trends (Historic and Future)
5.3 SMT Assembly Line Capacity Utilization (2023)
5.3 Supply Chain Metrics for SMT Market
6. Competitive Landscape
6.1 List of Major Companies, By Region
6.2 Market Share Analysis, By Region
6.3 Product Benchmarking
6.3.1 Product specifications and features
6.3.2 Pricing
6.4 Strategic Initiatives
6.4.1 Marketing and promotional activities
6.4.2 Distribution and supply chain strategies
6.4.3 Expansion plans and new product launches
6.4.4 Strategic partnerships and collaborations
6.5 Technological Advancements
6.6 Market Positioning and Branding
7. Surface Mount Technology Market Segmentation, By Equipment
7.1 Chapter Overview
7.2 Inspection Equipment
7.2.1 Inspection Equipment Market Trends Analysis (2020-2032)
7.2.2 Inspection Equipment Market Size Estimates and Forecasts to 2032 (USD Billion)
7.3 Placement Equipment
7.3.1 Placement Equipment Market Trends Analysis (2020-2032)
7.3.2 Placement Equipment Market Size Estimates and Forecasts to 2032 (USD Billion)
7.4 Soldering Equipment
7.4.1 Soldering Equipment Market Trends Analysis (2020-2032)
7.4.2 Soldering Equipment Market Size Estimates and Forecasts to 2032 (USD Billion)
7.5 Screen Printing Equipment
7.5.1 Screen Printing Equipment Market Trends Analysis (2020-2032)
7.5.2 Screen Printing Equipment Market Size Estimates and Forecasts to 2032 (USD Billion)
7.6 Screen Printing Equipment
7.6.1 Screen Printing Equipment Market Trends Analysis (2020-2032)
7.6.2 Screen Printing Equipment Market Size Estimates and Forecasts to 2032 (USD Billion)
7.7 Repair & Rework Equipment
7.7.1 Repair & Rework Equipment Market Trends Analysis (2020-2032)
7.7.2 Repair & Rework Equipment Market Size Estimates and Forecasts to 2032 (USD Billion)
8. Surface Mount Technology Market Segmentation, by Service
8.1 Chapter Overview
8.2 Designing
8.2.1 Designing Market Trends Analysis (2020-2032)
8.2.2 Designing Market Size Estimates and Forecasts to 2032 (USD Billion)
8.3 Test & Prototyping
8.3.1 Test & Prototyping Market Trends Analysis (2020-2032)
8.3.2 Test & Prototyping Market Size Estimates and Forecasts to 2032 (USD Billion)
8.4 Supply Chain Services
8.4.1 Supply Chain Services Market Trends Analysis (2020-2032)
8.4.2 Supply Chain Services Market Size Estimates and Forecasts to 2032 (USD Billion)
8.5 Manufacturing
8.5.1 Manufacturing Market Trends Analysis (2020-2032)
8.5.2 Manufacturing Market Size Estimates and Forecasts to 2032 (USD Billion)
8.6 Aftermarket Services
8.6.1 Aftermarket Services Market Trends Analysis (2020-2032)
8.6.2 Aftermarket Services Market Size Estimates and Forecasts to 2032 (USD Billion)
9. Surface Mount Technology Market Segmentation, by Application
9.1 Chapter Overview
9.2 Consumer Electronics
9.2.1 Consumer Electronics Market Trends Analysis (2020-2032)
9.2.2 Consumer Electronics Market Size Estimates and Forecasts to 2032 (USD Billion)
9.2.3 Home Appliances
9.2.3.1 Home Appliances Market Trends Analysis (2020-2032)
9.2.3.2 Home Appliances Market Size Estimates and Forecasts to 2032 (USD Billion)
9.2.4 Audio and Video Systems
9.2.4.1 Audio and Video Systems Market Trends Analysis (2020-2032)
9.2.4.2 Audio and Video Systems Market Size Estimates and Forecasts to 2032 (USD Billion)
9.2.5 Storage Devices
9.2.5.1 Storage Devices Market Trends Analysis (2020-2032)
9.2.5.2 Storage Devices Market Size Estimates and Forecasts to 2032 (USD Billion)
9.2.6 Others
9.2.6.1 Others Market Trends Analysis (2020-2032)
9.2.6.2 Others Market Size Estimates and Forecasts to 2032 (USD Billion)
9.3 IT & telecommunication
9.3.1 IT & telecommunication Market Trends Analysis (2020-2032)
9.3.2IT & telecommunication Market Size Estimates and Forecasts to 2032 (USD Billion)
9.3.3Telecom Equipment
9.3.3.1Telecom Equipment Market Trends Analysis (2020-2032)
9.3.3.2Telecom Equipment Market Size Estimates and Forecasts to 2032 (USD Billion)
9.3.4Networking Devices
9.3.4.1Networking Devices Market Trends Analysis (2020-2032)
9.3.4.2Networking Devices Market Size Estimates and Forecasts to 2032 (USD Billion)
9.4 Automotive
9.4.1 Automotive Market Trends Analysis (2020-2032)
9.4.2 Automotive Market Size Estimates and Forecasts to 2032 (USD Billion)
9.4.3 Driver Assistance Systems
9.4.3.1 Driver Assistance Systems Market Trends Analysis (2020-2032)
9.4.3.2 Driver Assistance Systems Market Size Estimates and Forecasts to 2032 (USD Billion)
9.4.4 Infotainment Systems
9.4.4.1 Infotainment Systems Market Trends Analysis (2020-2032)
9.4.4.2 Infotainment Systems Market Size Estimates and Forecasts to 2032 (USD Billion)
9.4.5 Others
9.4.5.1 Others Market Trends Analysis (2020-2032)
9.4.5.2 Others Market Size Estimates and Forecasts to 2032 (USD Billion)
9.5 Industrial
9.5.1 Industrial Market Trends Analysis (2020-2032)
9.5.2 Industrial Market Size Estimates and Forecasts to 2032 (USD Billion)
9.5.3 Industrial Automation and Motion Control
9.5.1 Industrial Automation and Motion Control Market Trends Analysis (2020-2032)
9.5.2 Industrial Automation and Motion Control Market Size Estimates and Forecasts to 2032 (USD Billion)
9.5.4 Mechatronics and Robotics
9.5.4.1 Mechatronics and Robotics Market Trends Analysis (2020-2032)
9.5.4.2 Mechatronics and Robotics Market Size Estimates and Forecasts to 2032 (USD Billion)
9.5.5 Power Electronics
9.5.5.1 Power Electronics Market Trends Analysis (2020-2032)
9.5.5.2 Power Electronics Market Size Estimates and Forecasts to 2032 (USD Billion)
9.5.6 Photovoltaic Systems
9.5.6.1 Photovoltaic Systems Market Trends Analysis (2020-2032)
9.5.6.2 Photovoltaic Systems Market Size Estimates and Forecasts to 2032 (USD Billion)
9.5.7 Others
9.5.7.1 Others Market Trends Analysis (2020-2032)
9.5.7.2 Others Market Size Estimates and Forecasts to 2032 (USD Billion)
9.6 Aerospace & Defense
9.6.1 Aerospace & Defense Market Trends Analysis (2020-2032)
9.6.2 Aerospace & Defense Market Size Estimates and Forecasts to 2032 (USD Billion)
9.6.3 Aircraft Systems
9.6.3.1 Aircraft Systems Market Trends Analysis (2020-2032)
9.6.3.2 Aircraft Systems Market Size Estimates and Forecasts to 2032 (USD Billion)
9.6.4 Military Radars
9.6.4.1 Military Radars Market Trends Analysis (2020-2032)
9.6.4.2 Military Radars Market Size Estimates and Forecasts to 2032 (USD Billion)
9.6.5 Others
9.6.5.1 Others Market Trends Analysis (2020-2032)
9.6.5.2 Others Market Size Estimates and Forecasts to 2032 (USD Billion)
9.7 Healthcare
9.7.1 Healthcare Market Trends Analysis (2020-2032)
9.7.2 Healthcare Market Size Estimates and Forecasts to 2032 (USD Billion)
9.7.3 Medical Imaging Equipment
9.7.3.1 Medical Imaging Equipment Market Trends Analysis (2020-2032)
9.7.3.2 Medical Imaging Equipment Market Size Estimates and Forecasts to 2032 (USD Billion)
9.7.4 Consumer Medical Devices
9.7.4.1 Consumer Medical Devices Market Trends Analysis (2020-2032)
9.7.4.2 Consumer Medical Devices Market Size Estimates and Forecasts to 2032 (USD Billion)
9.7.5 Others
9.7.5.1 Others Market Trends Analysis (2020-2032)
9.7.5.2 Others Market Size Estimates and Forecasts to 2032 (USD Billion)
9.7 Others
9.7.1 Others Market Trends Analysis (2020-2032)
9.7.2 Others Market Size Estimates and Forecasts to 2032 (USD Billion)
10. Regional Analysis
10.1 Chapter Overview
10.2 North America
10.2.1 Trends Analysis
10.2.2 North America Surface Mount Technology Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.2.3 North America Surface Mount Technology Market Estimates and Forecasts, Equipment (2020-2032) (USD Billion)
10.2.4 North America Surface Mount Technology Market Estimates and Forecasts, by Service (2020-2032) (USD Billion)
10.2.5 North America Surface Mount Technology Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.2.6 USA
10.2.6.1 USA Surface Mount Technology Market Estimates and Forecasts, Equipment (2020-2032) (USD Billion)
10.2.6.2 USA Surface Mount Technology Market Estimates and Forecasts, by Service (2020-2032) (USD Billion)
10.2.6.3 USA Surface Mount Technology Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.2.7 Canada
10.2.7.1 Canada Surface Mount Technology Market Estimates and Forecasts, Equipment (2020-2032) (USD Billion)
10.2.7.2 Canada Surface Mount Technology Market Estimates and Forecasts, by Service (2020-2032) (USD Billion)
10.2.7.3 Canada Surface Mount Technology Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.2.8 Mexico
10.2.8.1 Mexico Surface Mount Technology Market Estimates and Forecasts, Equipment (2020-2032) (USD Billion)
10.2.8.2 Mexico Surface Mount Technology Market Estimates and Forecasts, by Service (2020-2032) (USD Billion)
10.2.8.3 Mexico Surface Mount Technology Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3 Europe
10.3.1 Eastern Europe
10.3.1.1 Trends Analysis
10.3.1.2 Eastern Europe Surface Mount Technology Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.3.1.3 Eastern Europe Surface Mount Technology Market Estimates and Forecasts, Equipment (2020-2032) (USD Billion)
10.3.1.4 Eastern Europe Surface Mount Technology Market Estimates and Forecasts, by Service (2020-2032) (USD Billion)
10.3.1.5 Eastern Europe Surface Mount Technology Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.1.6 Poland
10.3.1.6.1 Poland Surface Mount Technology Market Estimates and Forecasts, Equipment (2020-2032) (USD Billion)
10.3.1.6.2 Poland Surface Mount Technology Market Estimates and Forecasts, by Service (2020-2032) (USD Billion)
10.3.1.6.3 Poland Surface Mount Technology Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.1.7 Romania
10.3.1.7.1 Romania Surface Mount Technology Market Estimates and Forecasts, Equipment (2020-2032) (USD Billion)
10.3.1.7.2 Romania Surface Mount Technology Market Estimates and Forecasts, by Service (2020-2032) (USD Billion)
10.3.1.7.3 Romania Surface Mount Technology Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.1.8 Hungary
10.3.1.8.1 Hungary Surface Mount Technology Market Estimates and Forecasts, Equipment (2020-2032) (USD Billion)
10.3.1.8.2 Hungary Surface Mount Technology Market Estimates and Forecasts, by Service (2020-2032) (USD Billion)
10.3.1.8.3 Hungary Surface Mount Technology Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.1.9 Turkey
10.3.1.9.1 Turkey Surface Mount Technology Market Estimates and Forecasts, Equipment (2020-2032) (USD Billion)
10.3.1.9.2 Turkey Surface Mount Technology Market Estimates and Forecasts, by Service (2020-2032) (USD Billion)
10.3.1.9.3 Turkey Surface Mount Technology Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.1.10 Rest of Eastern Europe
10.3.1.10.1 Rest of Eastern Europe Surface Mount Technology Market Estimates and Forecasts, Equipment (2020-2032) (USD Billion)
10.3.1.10.2 Rest of Eastern Europe Surface Mount Technology Market Estimates and Forecasts, by Service (2020-2032) (USD Billion)
10.3.1.10.3 Rest of Eastern Europe Surface Mount Technology Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.2 Western Europe
10.3.2.1 Trends Analysis
10.3.2.2 Western Europe Surface Mount Technology Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.3.2.3 Western Europe Surface Mount Technology Market Estimates and Forecasts, Equipment (2020-2032) (USD Billion)
10.3.2.4 Western Europe Surface Mount Technology Market Estimates and Forecasts, by Service (2020-2032) (USD Billion)
10.3.2.5 Western Europe Surface Mount Technology Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.2.6 Germany
10.3.2.6.1 Germany Surface Mount Technology Market Estimates and Forecasts, Equipment (2020-2032) (USD Billion)
10.3.2.6.2 Germany Surface Mount Technology Market Estimates and Forecasts, by Service (2020-2032) (USD Billion)
10.3.2.6.3 Germany Surface Mount Technology Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.2.7 France
10.3.2.7.1 France Surface Mount Technology Market Estimates and Forecasts, Equipment (2020-2032) (USD Billion)
10.3.2.7.2 France Surface Mount Technology Market Estimates and Forecasts, by Service (2020-2032) (USD Billion)
10.3.2.7.3 France Surface Mount Technology Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.2.8 UK
10.3.2.8.1 UK Surface Mount Technology Market Estimates and Forecasts, Equipment (2020-2032) (USD Billion)
10.3.2.8.2 UK Surface Mount Technology Market Estimates and Forecasts, by Service (2020-2032) (USD Billion)
10.3.2.8.3 UK Surface Mount Technology Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.2.9 Italy
10.3.2.9.1 Italy Surface Mount Technology Market Estimates and Forecasts, Equipment (2020-2032) (USD Billion)
10.3.2.9.2 Italy Surface Mount Technology Market Estimates and Forecasts, by Service (2020-2032) (USD Billion)
10.3.2.9.3 Italy Surface Mount Technology Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.2.10 Spain
10.3.2.10.1 Spain Surface Mount Technology Market Estimates and Forecasts, Equipment (2020-2032) (USD Billion)
10.3.2.10.2 Spain Surface Mount Technology Market Estimates and Forecasts, by Service (2020-2032) (USD Billion)
10.3.2.10.3 Spain Surface Mount Technology Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.2.11 Netherlands
10.3.2.11.1 Netherlands Surface Mount Technology Market Estimates and Forecasts, Equipment (2020-2032) (USD Billion)
10.3.2.11.2 Netherlands Surface Mount Technology Market Estimates and Forecasts, by Service (2020-2032) (USD Billion)
10.3.2.11.3 Netherlands Surface Mount Technology Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.2.12 Switzerland
10.3.2.12.1 Switzerland Surface Mount Technology Market Estimates and Forecasts, Equipment (2020-2032) (USD Billion)
10.3.2.12.2 Switzerland Surface Mount Technology Market Estimates and Forecasts, by Service (2020-2032) (USD Billion)
10.3.2.12.3 Switzerland Surface Mount Technology Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.2.13 Austria
10.3.2.13.1 Austria Surface Mount Technology Market Estimates and Forecasts, Equipment (2020-2032) (USD Billion)
10.3.2.13.2 Austria Surface Mount Technology Market Estimates and Forecasts, by Service (2020-2032) (USD Billion)
10.3.2.13.3 Austria Surface Mount Technology Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.2.14 Rest of Western Europe
10.3.2.14.1 Rest of Western Europe Surface Mount Technology Market Estimates and Forecasts, Equipment (2020-2032) (USD Billion)
10.3.2.14.2 Rest of Western Europe Surface Mount Technology Market Estimates and Forecasts, by Service (2020-2032) (USD Billion)
10.3.2.14.3 Rest of Western Europe Surface Mount Technology Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.4 Asia Pacific
10.4.1 Trends Analysis
10.4.2 Asia Pacific Surface Mount Technology Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.4.3 Asia Pacific Surface Mount Technology Market Estimates and Forecasts, Equipment (2020-2032) (USD Billion)
10.4.4 Asia Pacific Surface Mount Technology Market Estimates and Forecasts, by Service (2020-2032) (USD Billion)
10.4.5 Asia Pacific Surface Mount Technology Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.4.6 China
10.4.6.1 China Surface Mount Technology Market Estimates and Forecasts, Equipment (2020-2032) (USD Billion)
10.4.6.2 China Surface Mount Technology Market Estimates and Forecasts, by Service (2020-2032) (USD Billion)
10.4.6.3 China Surface Mount Technology Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.4.7 India
10.4.7.1 India Surface Mount Technology Market Estimates and Forecasts, Equipment (2020-2032) (USD Billion)
10.4.7.2 India Surface Mount Technology Market Estimates and Forecasts, by Service (2020-2032) (USD Billion)
10.4.7.3 India Surface Mount Technology Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.4.8 Japan
10.4.8.1 Japan Surface Mount Technology Market Estimates and Forecasts, Equipment (2020-2032) (USD Billion)
10.4.8.2 Japan Surface Mount Technology Market Estimates and Forecasts, by Service (2020-2032) (USD Billion)
10.4.8.3 Japan Surface Mount Technology Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.4.9 South Korea
10.4.9.1 South Korea Surface Mount Technology Market Estimates and Forecasts, Equipment (2020-2032) (USD Billion)
10.4.9.2 South Korea Surface Mount Technology Market Estimates and Forecasts, by Service (2020-2032) (USD Billion)
10.4.9.3 South Korea Surface Mount Technology Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.4.10 Vietnam
10.4.10.1 Vietnam Surface Mount Technology Market Estimates and Forecasts, Equipment (2020-2032) (USD Billion)
10.4.10.2 Vietnam Surface Mount Technology Market Estimates and Forecasts, by Service (2020-2032) (USD Billion)
10.4.10.3 Vietnam Surface Mount Technology Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.4.11 Singapore
10.4.11.1 Singapore Surface Mount Technology Market Estimates and Forecasts, Equipment (2020-2032) (USD Billion)
10.4.11.2 Singapore Surface Mount Technology Market Estimates and Forecasts, by Service (2020-2032) (USD Billion)
10.4.11.3 Singapore Surface Mount Technology Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.4.12 Australia
10.4.12.1 Australia Surface Mount Technology Market Estimates and Forecasts, Equipment (2020-2032) (USD Billion)
10.4.12.2 Australia Surface Mount Technology Market Estimates and Forecasts, by Service (2020-2032) (USD Billion)
10.4.12.3 Australia Surface Mount Technology Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.4.13 Rest of Asia Pacific
10.4.13.1 Rest of Asia Pacific Surface Mount Technology Market Estimates and Forecasts, Equipment (2020-2032) (USD Billion)
10.4.13.2 Rest of Asia Pacific Surface Mount Technology Market Estimates and Forecasts, by Service (2020-2032) (USD Billion)
10.4.13.3 Rest of Asia Pacific Surface Mount Technology Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.5 Middle East and Africa
10.5.1 Middle East
10.5.1.1 Trends Analysis
10.5.1.2 Middle East Surface Mount Technology Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.5.1.3 Middle East Surface Mount Technology Market Estimates and Forecasts, Equipment (2020-2032) (USD Billion)
10.5.1.4 Middle East Surface Mount Technology Market Estimates and Forecasts, by Service (2020-2032) (USD Billion)
10.5.1.5 Middle East Surface Mount Technology Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.5.1.6 UAE
10.5.1.6.1 UAE Surface Mount Technology Market Estimates and Forecasts, Equipment (2020-2032) (USD Billion)
10.5.1.6.2 UAE Surface Mount Technology Market Estimates and Forecasts, by Service (2020-2032) (USD Billion)
10.5.1.6.3 UAE Surface Mount Technology Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.5.1.7 Egypt
10.5.1.7.1 Egypt Surface Mount Technology Market Estimates and Forecasts, Equipment (2020-2032) (USD Billion)
10.5.1.7.2 Egypt Surface Mount Technology Market Estimates and Forecasts, by Service (2020-2032) (USD Billion)
10.5.1.7.3 Egypt Surface Mount Technology Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.5.1.8 Saudi Arabia
10.5.1.8.1 Saudi Arabia Surface Mount Technology Market Estimates and Forecasts, Equipment (2020-2032) (USD Billion)
10.5.1.8.2 Saudi Arabia Surface Mount Technology Market Estimates and Forecasts, by Service (2020-2032) (USD Billion)
10.5.1.8.3 Saudi Arabia Surface Mount Technology Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.5.1.9 Qatar
10.5.1.9.1 Qatar Surface Mount Technology Market Estimates and Forecasts, Equipment (2020-2032) (USD Billion)
10.5.1.9.2 Qatar Surface Mount Technology Market Estimates and Forecasts, by Service (2020-2032) (USD Billion)
10.5.1.9.3 Qatar Surface Mount Technology Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.5.1.10 Rest of Middle East
10.5.1.10.1 Rest of Middle East Surface Mount Technology Market Estimates and Forecasts, Equipment (2020-2032) (USD Billion)
10.5.1.10.2 Rest of Middle East Surface Mount Technology Market Estimates and Forecasts, by Service (2020-2032) (USD Billion)
10.5.1.10.3 Rest of Middle East Surface Mount Technology Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.5.2 Africa
10.5.2.1 Trends Analysis
10.5.2.2 Africa Surface Mount Technology Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.5.2.3 Africa Surface Mount Technology Market Estimates and Forecasts, Equipment (2020-2032) (USD Billion)
10.5.2.4 Africa Surface Mount Technology Market Estimates and Forecasts, by Service (2020-2032) (USD Billion)
10.5.2.5 Africa Surface Mount Technology Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.5.2.6 South Africa
10.5.2.6.1 South Africa Surface Mount Technology Market Estimates and Forecasts, Equipment (2020-2032) (USD Billion)
10.5.2.6.2 South Africa Surface Mount Technology Market Estimates and Forecasts, by Service (2020-2032) (USD Billion)
10.5.2.6.3 South Africa Surface Mount Technology Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.5.2.7 Nigeria
10.5.2.7.1 Nigeria Surface Mount Technology Market Estimates and Forecasts, Equipment (2020-2032) (USD Billion)
10.5.2.7.2 Nigeria Surface Mount Technology Market Estimates and Forecasts, by Service (2020-2032) (USD Billion)
10.5.2.7.3 Nigeria Surface Mount Technology Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.5.2.8 Rest of Africa
10.5.2.8.1 Rest of Africa Surface Mount Technology Market Estimates and Forecasts, Equipment (2020-2032) (USD Billion)
10.5.2.8.2 Rest of Africa Surface Mount Technology Market Estimates and Forecasts, by Service (2020-2032) (USD Billion)
10.5.2.8.3 Rest of Africa Surface Mount Technology Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.6 Latin America
10.6.1 Trends Analysis
10.6.2 Latin America Surface Mount Technology Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.6.3 Latin America Surface Mount Technology Market Estimates and Forecasts, Equipment (2020-2032) (USD Billion)
10.6.4 Latin America Surface Mount Technology Market Estimates and Forecasts, by Service (2020-2032) (USD Billion)
10.6.5 Latin America Surface Mount Technology Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.6.6 Brazil
10.6.6.1 Brazil Surface Mount Technology Market Estimates and Forecasts, Equipment (2020-2032) (USD Billion)
10.6.6.2 Brazil Surface Mount Technology Market Estimates and Forecasts, by Service (2020-2032) (USD Billion)
10.6.6.3 Brazil Surface Mount Technology Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.6.7 Argentina
10.6.7.1 Argentina Surface Mount Technology Market Estimates and Forecasts, Equipment (2020-2032) (USD Billion)
10.6.7.2 Argentina Surface Mount Technology Market Estimates and Forecasts, by Service (2020-2032) (USD Billion)
10.6.7.3 Argentina Surface Mount Technology Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.6.8 Colombia
10.6.8.1 Colombia Surface Mount Technology Market Estimates and Forecasts, Equipment (2020-2032) (USD Billion)
10.6.8.2 Colombia Surface Mount Technology Market Estimates and Forecasts, by Service (2020-2032) (USD Billion)
10.6.8.3 Colombia Surface Mount Technology Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.6.9 Rest of Latin America
10.6.9.1 Rest of Latin America Surface Mount Technology Market Estimates and Forecasts, Equipment (2020-2032) (USD Billion)
10.6.9.2 Rest of Latin America Surface Mount Technology Market Estimates and Forecasts, by Service (2020-2032) (USD Billion)
10.6.9.3 Rest of Latin America Surface Mount Technology Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
11. Company Profiles
11.1 ASMPT Limited
11.1.1 Company Overview
11.1.2 Financial
11.1.3 Products/ Services Offered
11.1.4 SWOT Analysis
11.2 Fuji Corporation
11.2.1 Company Overview
11.2.2 Financial
11.2.3 Products/ Services Offered
11.2.4 SWOT Analysis
11.3 Panasonic Corporation
11.3.1 Company Overview
11.3.2 Financial
11.3.3 Products/ Services Offered
11.3.4 SWOT Analysis
11.4 Yamaha Motor Co., Ltd.
11.4.1 Company Overview
11.4.2 Financial
11.4.3 Products/ Services Offered
11.4.4 SWOT Analysis
11.5 Mycronic AB
11.5.1 Company Overview
11.5.2 Financial
11.5.3 Products/ Services Offered
11.5.4 SWOT Analysis
11.6 Juki Corporation
11.6.1 Company Overview
11.6.2 Financial
11.6.3 Products/ Services Offered
11.6.4 SWOT Analysis
11.7 Hanwha Precision Machinery
11.7.1 Company Overview
11.7.2 Financial
11.7.3 Products/ Services Offered
11.7.4 SWOT Analysis
11.8 Nordson Corporation
11.8.1 Company Overview
11.8.2 Financial
11.8.3 Products/ Services Offered
11.8.4 SWOT Analysis
11.9 Kurtz Ersa GmbH
11.9.1 Company Overview
11.9.2 Financial
11.9.3 Products/ Services Offered
11.9.4 SWOT Analysis
11.10 Rehm Thermal Systems GmbH
11.10.1 Company Overview
11.10.2 Financial
11.10.3 Products/ Services Offered
11.10.4 SWOT Analysis
12. Use Cases and Best Practices
13. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
Key Segments:
By Equipment
Inspection Equipment
Placement Equipment
Soldering Equipment
Screen Printing Equipment
Cleaning Equipment
Repair & Rework Equipment
By Service
Designing
Test & Prototyping
Supply Chain Services
Manufacturing
Aftermarket Services
By Application
Consumer Electronics
Home Appliances
Audio and Video Systems
Storage Devices
Others
IT & telecommunication
Telecom Equipment
Networking Devices
Automotive
Driver Assistance Systems
Infotainment Systems
Others
Industrial
Industrial Automation and Motion Control
Mechatronics and Robotics
Power Electronics
Photovoltaic Systems
Others
Aerospace & Defense
Aircraft Systems
Military Radars
Others
Healthcare
Medical Imaging Equipment
Consumer Medical Devices
Others
Others
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Hungary
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Rest of Eastern Europe
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Rest of Western Europe
Asia Pacific
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South Korea
Vietnam
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Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
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Rest of Latin America
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With the given market data, SNS Insider offers customization as per the company’s specific needs. The following customization options are available for the report:
Detailed Volume Analysis
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Competitive Product Benchmarking
Geographic Analysis
Additional countries in any of the regions
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Detailed analysis and profiling of additional market players
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