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The Surface Mount Technology (SMT) Market size was valued at USD 6.36 billion in 2023 and is expected to grow to USD 12.60 billion by 2032 and grow at a CAGR of 7.9 % over the forecast period of 2024-2032.
The development of surface-mount technology, which saw widespread adoption in the 1980s. They were utilized in the majority of expensive PCB assembly. The design of conventional electronic parts was altered to incorporate metal tabs or end caps that could be mounted directly to the board surface. This took the place of standard wire leads, which necessitated drilling holes. SMT allowed for the installation of components on both sides of the board, which resulted in much smaller components. Surface mounting, on the other hand, allows for a higher level of automation, which lowers labor costs and increases production speeds, leading to the development of more advanced boards.
Electronic components, also known as surface mount devices (SMD), are directly placed onto the surface of a printed circuit board (PCB) using surface mount technology (SMT), a method of electronic assembly. SMT has grown to be quite popular in the market because to its low cost and excellent quality efficiency.
With the use of automated production, more of the assembly labor needed to make a working board can be finished. A surface-mount device (SMD) is any electrical component installed in this way.
Components were mounted during the Through-Hole Technology period through lead holes that were bored into PCBs. To hold each piece firmly, the holes were sized to accommodate each component. After that, the grip was soldered. SMT considerably shortens the device assembly process since SMDs are swiftly sorted and mounted to the top of the PCB with little to no hole leads.
KEY DRIVERS:
Increasing demand for telecommunication devices
Widely employed in DIY projects
Increasing demand for consumer electronics items that are smaller
Smaller electrical devices that take up less space, like PCB, are becoming more popular because to the growing need for miniaturized consumer electronic items. The tiny size and flawless operation of printed circuit boards (PB) allow for the integration of numerous devices. The market for surface mount technology (SMT) equipment is anticipated to increase as a result of the growing need for smaller electronic products.
RESTRAIN:
Need for high frequency
OPPORTUNITY:
The popularity of smart devices is rising
Growing adoption in new technology
The primary driver for the switch to surface mount technology equipment was the significant enhancement in PCB assembly process cost, speed, and reliability. It also influences the creation of new electronic circuits and equipment, which are anticipated to generate advantageous chances for the market growth rate. This will be the main driver behind the adoption of technology.
CHALLENGES:
Rising Technological innovations
Availability of alternative options
The market for surface mount technology equipment is anticipated to experience tremendous growth as a result of the increasing use of smart gadgets like Alexa and Cortana in our daily lives.
The U.N. High Commissioner for Refugees estimated that more than 7.8 million Ukrainians have sought asylum outside of their country. By the middle of November, it was anticipated that 6.5 million more Ukrainians were internally displaced as a result of the Russian attacks.
In addition to the deaths of people, the war has destroyed vast amounts of property. Since the summer, estimates have ranged from $349 billion to $750 billion for the cost of rebuilding Ukraine. Finding those monies won't be simple, especially because the war has caused a serious contraction in the Ukrainian economy; the World Bank anticipates a 35% decline in the nation's GDP this year.
IMPACT OF ONGOING RECESSION
Industries start to suffer as economic activity slows. The market insight reports and intelligence services offered by DBMR take into account the expected effects of the economic slump on the pricing and accessibility of the items. Using this, clients are often able to stay one step ahead of their rivals, forecast their sales and revenue, and calculate the costs associated with making a profit.
By Equipment
Inspection Equipment
Placement Equipment
Soldering Equipment
Screen Printing Equipment
Cleaning Equipment
Repair & Rework Equipment
By Component
Active Component
Passive Component
By Service
Designinig
Test & Prototype
Supply Chain Services
Manufacturing
Aftermarket Services
By End User Industry
Consumer Electronics
Telecommunication
Aerospace & Defence
Automotive
Medical
Industrial
Energy & Power Systems
With a market share of more than 35% in 2022, Asia Pacific will continue to dominate the surface mount technology industry globally. Due to the region's large presence in the electronics manufacturing sector, Surface Mount Technology (SMT) is a prominent market in this area. Powerhouses on the international stage now include nations like China, Japan, South Korea, and Taiwan. These nations have a robust ecosystem of SMT PCB assembly suppliers, contractors, and electronics manufacturers. The rising demand for TVs, video gaming consoles, tablets, smartphones, and other technological devices due to an increase in middle-class people and their disposable income.
Europe is anticipated to have the quickest growth due to the region's support for cutting-edge start-up businesses and the growth of the hardware and manufacturing industries.
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REGIONAL 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
The Surface Mount Technology companies such as Fuji Corporation (Japan), Mycronic AB (Sweden), Nordson Corporation (US), KLA Corporation (US), Yamaha Motor (Japan), Juki Corporation (Japan), Viscom AG (Germany), Hitachi High-Technologies Corporation (Japan), ASM Assembly Systems (Germany), and Saki Corporation (Japan) and other players are listed in final report.
Yamaha Motors introduced the YRM20DL surface mounter, a high-end, modular device, in February 2023 a high-rigidity dual-lane conveyor improves actual and per-unit-area productivity, significantly lowering transport losses.
An established customer in Asia placed an order with Mycronic AB in December 2022 for a Prexision 800 Evo mask writer for display applications. The system will be delivered in the second quarter of 2024.
To add to its line of Splatch antennas, Linx Technologies (Linx), a division of TE Connectivity, introduced the ANT-GNLI-nSP, a surface-mount embedded GNSS antenna, in December 2022. In the L1/E1/B1 bands, the new product supports GPS, GLONASS, Galileo, QZSS, and Beidou.
| Report Attributes | Details |
| Market Size in 2023 | US$ 6.36 Bn |
| Market Size by 2032 | US$ 12.60 Bn |
| CAGR | CAGR of 7.9 % 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) • By Component (Active Component, Passive Component) • By Service (Designinig, Test & Prototype, Supply Chain Services, Manufacturing, Aftermarket Services) • By End User Industry (Consumer Electronics, Telecommunication, Aerospace & Defence, Automotive, Medical, Industrial, Energy & Power Systems) |
| 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 | Fuji Corporation (Japan), Mycronic AB (Sweden), Nordson Corporation (US), KLA Corporation (US), Yamaha Motor (Japan), Juki Corporation (Japan), Viscom AG (Germany), Hitachi High-Technologies Corporation (Japan), ASM Assembly Systems (Germany), and Saki Corporation (Japan) |
| Key Drivers | • Increasing demand for telecommunication devices • Widely employed in DIY projects • Increasing demand for consumer electronics items that are smaller |
| Market Restraints | • Need for high frequency |
Ans: The popularity of smart devices is rising and Growing adoption in new technology.
Ans: Surface Mount Technology (SMT) Market is anticipated to expand by 7.9 % from 2024 to 2032.
Ans: USD 12.60 billion is expected to grow by 2032.
Ans: Surface Mount Technology (SMT) Market size was valued at USD 6.36 billion in 2023
Ans: Increasing demand for telecommunication devices, Widely employed in DIY projects and Increasing demand for consumer electronics items that are smaller.
TABLE OF CONTENT
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 Impact of the Ukraine- Russia war
4.2 Impact of ongoing Recession
4.2.1 Introduction
4.2.2 Impact on major economies
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 Japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Surface Mount Technology (SMT) Market Segmentation, By Equipment
8.1 Inspection Equipment
8.2 Placement Equipment
8.3 Soldering Equipment
8.4 Screen Printing Equipment
8.5 Cleaning Equipment
8.6 Repair & Rework Equipment
9. Surface Mount Technology (SMT) Market Segmentation, By Component
9.1 Active Component
9.2 Passive Component
10. Surface Mount Technology (SMT) Market Segmentation, By Service
10.1 Designing
10.2 Test & Prototype
10.3 Supply Chain Services
10.4 Manufacturing
10.5 Aftermarket Services
11. Surface Mount Technology (SMT) Market Segmentation, By End User Industry
11.1 Consumer Electronics
11.2 Telecommunication
11.3 Aerospace & Defence
11.4 Automotive
11.5 Medical
11.6 Industrial
11.7 Energy & Power Systems
12. Regional Analysis
12.1 Introduction
12.2 North America
12.2.1 North America Surface Mount Technology (SMT) Market by Country
12.2.2North America Surface Mount Technology (SMT) Market by Equipment
12.2.3 North America Surface Mount Technology (SMT) Market by Component
12.2.4 North America Surface Mount Technology (SMT) Market by Service
12.2.5 North America Surface Mount Technology (SMT) Market by End User Industry
12.2.6 USA
12.2.6.1 USA Surface Mount Technology (SMT) Market by Equipment
12.2.6.2 USA Surface Mount Technology (SMT) Market by Component
12.2.6.3 USA Surface Mount Technology (SMT) Market by Service
12.2.6.4 USA Surface Mount Technology (SMT) Market by End User Industry
12.2.7 Canada
12.2.7.1 Canada Surface Mount Technology (SMT) Market by Equipment
12.2.7.2 Canada Surface Mount Technology (SMT) Market by Component
12.2.7.3 Canada Surface Mount Technology (SMT) Market by Service
12.2.7.4 Canada Surface Mount Technology (SMT) Market by End User Industry
12.2.8 Mexico
12.2.8.1 Mexico Surface Mount Technology (SMT) Market by Equipment
12.2.8.2 Mexico Surface Mount Technology (SMT) Market by Component
12.2.8.3 Mexico Surface Mount Technology (SMT) Market by Service
12.2.8.4 Mexico Surface Mount Technology (SMT) Market by End User Industry
12.3 Europe
12.3.1 Eastern Europe
12.3.1.1 Eastern Europe Surface Mount Technology (SMT) Market by Country
12.3.1.2 Eastern Europe Surface Mount Technology (SMT) Market by Equipment
12.3.1.3 Eastern Europe Surface Mount Technology (SMT) Market by Component
12.3.1.4 Eastern Europe Surface Mount Technology (SMT) Market by Service
12.3.1.5 Eastern Europe Surface Mount Technology (SMT) Market by End User Industry
12.3.1.6 Poland
12.3.1.6.1 Poland Surface Mount Technology (SMT) Market by Equipment
12.3.1.6.2 Poland Surface Mount Technology (SMT) Market by Component
12.3.1.6.3 Poland Surface Mount Technology (SMT) Market by Service
12.3.1.6.4 Poland Surface Mount Technology (SMT) Market by End User Industry
12.3.1.7 Romania
12.3.1.7.1 Romania Surface Mount Technology (SMT) Market by Equipment
12.3.1.7.2 Romania Surface Mount Technology (SMT) Market by Component
12.3.1.7.3 Romania Surface Mount Technology (SMT) Market by Service
12.3.1.7.4 Romania Surface Mount Technology (SMT) Market by End User Industry
12.3.1.8 Hungary
12.3.1.8.1 Hungary Surface Mount Technology (SMT) Market by Equipment
12.3.1.8.2 Hungary Surface Mount Technology (SMT) Market by Component
12.3.1.8.3 Hungary Surface Mount Technology (SMT) Market by Service
12.3.1.8.4 Hungary Surface Mount Technology (SMT) Market by End User Industry
12.3.1.9 Turkey
12.3.1.9.1 Turkey Surface Mount Technology (SMT) Market by Equipment
12.3.1.9.2 Turkey Surface Mount Technology (SMT) Market by Component
12.3.1.9.3 Turkey Surface Mount Technology (SMT) Market by Service
12.3.1.9.4 Turkey Surface Mount Technology (SMT) Market by End User Industry
12.3.1.10 Rest of Eastern Europe
12.3.1.10.1 Rest of Eastern Europe Surface Mount Technology (SMT) Market by Equipment
12.3.1.10.2 Rest of Eastern Europe Surface Mount Technology (SMT) Market by Component
12.3.1.10.3 Rest of Eastern Europe Surface Mount Technology (SMT) Market by Service
12.3.1.10.4 Rest of Eastern Europe Surface Mount Technology (SMT) Market by End User Industry
12.3.2 Western Europe
12.3.2.1 Western Europe Surface Mount Technology (SMT) Market by Country
12.3.2.2 Western Europe Surface Mount Technology (SMT) Market by Equipment
12.3.2.3 Western Europe Surface Mount Technology (SMT) Market by Component
12.3.2.4 Western Europe Surface Mount Technology (SMT) Market by Service
12.3.2.5 Western Europe Surface Mount Technology (SMT) Market by End User Industry
12.3.2.6 Germany
12.3.2.6.1 Germany Surface Mount Technology (SMT) Market by Equipment
12.3.2.6.2 Germany Surface Mount Technology (SMT) Market by Component
12.3.2.6.3 Germany Surface Mount Technology (SMT) Market by Service
12.3.2.6.4 Germany Surface Mount Technology (SMT) Market by End User Industry
12.3.2.7 France
12.3.2.7.1 France Surface Mount Technology (SMT) Market by Equipment
12.3.2.7.2 France Surface Mount Technology (SMT) Market by Component
12.3.2.7.3 France Surface Mount Technology (SMT) Market by Service
12.3.2.7.4 France Surface Mount Technology (SMT) Market by End User Industry
12.3.2.8 UK
12.3.2.8.1 UK Surface Mount Technology (SMT) Market by Equipment
12.3.2.8.2 UK Surface Mount Technology (SMT) Market by Component
12.3.2.8.3 UK Surface Mount Technology (SMT) Market by Service
12.3.2.8.4 UK Surface Mount Technology (SMT) Market by End User Industry
12.3.2.9 Italy
12.3.2.9.1 Italy Surface Mount Technology (SMT) Market by Equipment
12.3.2.9.2 Italy Surface Mount Technology (SMT) Market by Component
12.3.2.9.3 Italy Surface Mount Technology (SMT) Market by Service
12.3.2.9.4 Italy Surface Mount Technology (SMT) Market by End User Industry
12.3.2.10 Spain
12.3.2.10.1 Spain Surface Mount Technology (SMT) Market by Equipment
12.3.2.10.2 Spain Surface Mount Technology (SMT) Market by Component
12.3.2.10.3 Spain Surface Mount Technology (SMT) Market by Service
12.3.2.10.4 Spain Surface Mount Technology (SMT) Market by End User Industry
12.3.2.11 Netherlands
12.3.2.11.1 Netherlands Surface Mount Technology (SMT) Market by Equipment
12.3.2.11.2 Netherlands Surface Mount Technology (SMT) Market by Component
12.3.2.11.3 Netherlands Surface Mount Technology (SMT) Market by Service
12.3.2.11.4 Netherlands Surface Mount Technology (SMT) Market by End User Industry
12.3.2.12 Switzerland
12.3.2.12.1 Switzerland Surface Mount Technology (SMT) Market by Equipment
12.3.2.12.2 Switzerland Surface Mount Technology (SMT) Market by Component
12.3.2.12.3 Switzerland Surface Mount Technology (SMT) Market by Service
12.3.2.12.4 Switzerland Surface Mount Technology (SMT) Market by End User Industry
12.3.2.13 Austria
12.3.2.13.1 Austria Surface Mount Technology (SMT) Market by Equipment
12.3.2.13.2 Austria Surface Mount Technology (SMT) Market by Component
12.3.2.13.3 Austria Surface Mount Technology (SMT) Market by Service
12.3.2.13.4 Austria Surface Mount Technology (SMT) Market by End User Industry
12.3.2.14 Rest of Western Europe
12.3.2.14.1 Rest of Western Europe Surface Mount Technology (SMT) Market by Equipment
12.3.2.14.2 Rest of Western Europe Surface Mount Technology (SMT) Market by Component
12.3.2.14.3 Rest of Western Europe Surface Mount Technology (SMT) Market by Service
12.3.2.14.4 Rest of Western Europe Surface Mount Technology (SMT) Market by End User Industry
12.4 Asia-Pacific
12.4.1 Asia Pacific Surface Mount Technology (SMT) Market by Country
12.4.2 Asia Pacific Surface Mount Technology (SMT) Market by Equipment
12.4.3 Asia Pacific Surface Mount Technology (SMT) Market by Component
12.4.4 Asia Pacific Surface Mount Technology (SMT) Market by Service
12.4.5 Asia Pacific Surface Mount Technology (SMT) Market by End User Industry
12.4.6 China
12.4.6.1 China Surface Mount Technology (SMT) Market by Equipment
12.4.6.2 China Surface Mount Technology (SMT) Market by Component
12.4.6.3 China Surface Mount Technology (SMT) Market by Service
12.4.6.4 China Surface Mount Technology (SMT) Market by End User Industry
12.4.7 India
12.4.7.1 India Surface Mount Technology (SMT) Market by Equipment
12.4.7.2 India Surface Mount Technology (SMT) Market by Component
12.4.7.3 India Surface Mount Technology (SMT) Market by Service
12.4.7.4 India Surface Mount Technology (SMT) Market by End User Industry
12.4.8 Japan
12.4.8.1 Japan Surface Mount Technology (SMT) Market by Equipment
12.4.8.2 Japan Surface Mount Technology (SMT) Market by Component
12.4.8.3 Japan Surface Mount Technology (SMT) Market by Service
12.4.8.4 Japan Surface Mount Technology (SMT) Market by End User Industry
12.4.9 South Korea
12.4.9.1 South Korea Surface Mount Technology (SMT) Market by Equipment
12.4.9.2 South Korea Surface Mount Technology (SMT) Market by Component
12.4.9.3 South Korea Surface Mount Technology (SMT) Market by Service
12.4.9.4 South Korea Surface Mount Technology (SMT) Market by End User Industry
12.4.10 Vietnam
12.4.10.1 Vietnam Surface Mount Technology (SMT) Market by Equipment
12.4.10.2 Vietnam Surface Mount Technology (SMT) Market by Component
12.4.10.3 Vietnam Surface Mount Technology (SMT) Market by Service
12.4.10.4 Vietnam Surface Mount Technology (SMT) Market by End User Industry
12.4.11 Singapore
12.4.11.1 Singapore Surface Mount Technology (SMT) Market by Equipment
12.4.11.2 Singapore Surface Mount Technology (SMT) Market by Component
12.4.11.3 Singapore Surface Mount Technology (SMT) Market by Service
12.4.11.4 Singapore Surface Mount Technology (SMT) Market by End User Industry
12.4.12 Australia
12.4.12.1 Australia Surface Mount Technology (SMT) Market by Equipment
12.4.12.2 Australia Surface Mount Technology (SMT) Market by Component
12.4.12.3 Australia Surface Mount Technology (SMT) Market by Service
12.4.12.4 Australia Surface Mount Technology (SMT) Market by End User Industry
12.4.13 Rest of Asia-Pacific
12.4.13.1 Rest of Asia-Pacific Surface Mount Technology (SMT) Market by Equipment
12.4.13.2 Rest of Asia-Pacific Surface Mount Technology (SMT) Market by Component
12.4.13.3 Rest of Asia-Pacific Surface Mount Technology (SMT) Market by Service
12.4.13.4 Rest of Asia-Pacific Surface Mount Technology (SMT) Market by End User Industry
12.5 Middle East & Africa
12.5.1 Middle East
12.5.1.1 Middle East Surface Mount Technology (SMT) Market by country
12.5.1.2 Middle East Surface Mount Technology (SMT) Market by Equipment
12.5.1.3 Middle East Surface Mount Technology (SMT) Market by Component
12.5.1.4 Middle East Surface Mount Technology (SMT) Market by Service
12.5.1.5 Middle East Surface Mount Technology (SMT) Market by End User Industry
12.5.1.6 UAE
12.5.1.6.1 UAE Surface Mount Technology (SMT) Market by Equipment
12.5.1.6.2 UAE Surface Mount Technology (SMT) Market by Component
12.5.1.6.3 UAE Surface Mount Technology (SMT) Market by Service
12.5.1.6.4 UAE Surface Mount Technology (SMT) Market by End User Industry
12.5.1.7 Egypt
12.5.1.7.1 Egypt Surface Mount Technology (SMT) Market by Equipment
12.5.1.7.2 Egypt Surface Mount Technology (SMT) Market by Component
12.5.1.7.3 Egypt Surface Mount Technology (SMT) Market by Service
12.5.1.7.4 Egypt Surface Mount Technology (SMT) Market by End User Industry
12.5.1.8 Saudi Arabia
12.5.1.8.1 Saudi Arabia Surface Mount Technology (SMT) Market by Equipment
12.5.1.8.2 Saudi Arabia Surface Mount Technology (SMT) Market by Component
12.5.1.8.3 Saudi Arabia Surface Mount Technology (SMT) Market by Service
12.5.1.8.4 Saudi Arabia Surface Mount Technology (SMT) Market by End User Industry
12.5.1.9 Qatar
12.5.1.9.1 Qatar Surface Mount Technology (SMT) Market by Equipment
12.5.1.9.2 Qatar Surface Mount Technology (SMT) Market by Component
12.5.1.9.3 Qatar Surface Mount Technology (SMT) Market by Service
12.5.1.9.4 Qatar Surface Mount Technology (SMT) Market by End User Industry
12.5.1.10 Rest of Middle East
12.5.1.10.1 Rest of Middle East Surface Mount Technology (SMT) Market by Equipment
12.5.1.10.2 Rest of Middle East Surface Mount Technology (SMT) Market by Component
12.5.1.10.3 Rest of Middle East Surface Mount Technology (SMT) Market by Service
12.5.1.10.4 Rest of Middle East Surface Mount Technology (SMT) Market by End User Industry
12.5.2. Africa
12.5.2.1 Africa Surface Mount Technology (SMT) Market by country
12.5.2.2 Africa Surface Mount Technology (SMT) Market by Equipment
12.5.2.3 Africa Surface Mount Technology (SMT) Market by Component
12.5.2.4 Africa Surface Mount Technology (SMT) Market by Service
12.5.2.5 Africa Surface Mount Technology (SMT) Market by End User Industry
12.5.2.6 Nigeria
12.5.2.6.1 Nigeria Surface Mount Technology (SMT) Market by Equipment
12.5.2.6.2 Nigeria Surface Mount Technology (SMT) Market by Component
12.5.2.6.3 Nigeria Surface Mount Technology (SMT) Market by Service
12.5.2.6.4 Nigeria Surface Mount Technology (SMT) Market by End User Industry
12.5.2.7 South Africa
12.5.2.7.1 South Africa Surface Mount Technology (SMT) Market by Equipment
12.5.2.7.2 South Africa Surface Mount Technology (SMT) Market by Component
12.5.2.7.3 South Africa Surface Mount Technology (SMT) Market by Service
12.5.2.7.4 South Africa Surface Mount Technology (SMT) Market by End User Industry
12.5.2.8 Rest of Africa
12.5.2.8.1 Rest of Africa Surface Mount Technology (SMT) Market by Equipment
12.5.2.8.2 Rest of Africa Surface Mount Technology (SMT) Market by Component
12.5.2.8.3 Rest of Africa Surface Mount Technology (SMT) Market by Service
12.5.2.8.4 Rest of Africa Surface Mount Technology (SMT) Market by End User Industry
12.6. Latin America
12.6.1 Latin America Surface Mount Technology (SMT) Market by country
12.6.2 Latin America Surface Mount Technology (SMT) Market by Equipment
12.6.3 Latin America Surface Mount Technology (SMT) Market by Component
12.6.4 Latin America Surface Mount Technology (SMT) Market by Service
12.6.5 Latin America Surface Mount Technology (SMT) Market by End User Industry
12.6.6 Brazil
12.6.6.1 Brazil Surface Mount Technology (SMT) Market by Equipment
12.6.6.2 Brazil Surface Mount Technology (SMT) Market by Component
12.6.6.3 Brazil Surface Mount Technology (SMT) Market by Service
12.6.6.4 Brazil Surface Mount Technology (SMT) Market by End User Industry
12.6.7 Argentina
12.6.7.1 Argentina Surface Mount Technology (SMT) Market by Equipment
12.6.7.2 Argentina Surface Mount Technology (SMT) Market by Component
12.6.7.3 Argentina Surface Mount Technology (SMT) Market by Service
12.6.7.4 Argentina Surface Mount Technology (SMT) Market by End User Industry
12.6.8 Colombia
12.6.8.1 Colombia Surface Mount Technology (SMT) Market by Equipment
12.6.8.2 Colombia Surface Mount Technology (SMT) Market by Component
12.6.8.3 Colombia Surface Mount Technology (SMT) Market by Service
12.6.8.4 Colombia Surface Mount Technology (SMT) Market by End User Industry
12.6.9 Rest of Latin America
12.6.9.1 Rest of Latin America Surface Mount Technology (SMT) Market by Equipment
12.6.9.2 Rest of Latin America Surface Mount Technology (SMT) Market by Component
12.6.9.3 Rest of Latin America Surface Mount Technology (SMT) Market by Service
12.6.9.4 Rest of Latin America Surface Mount Technology (SMT) Market by End User Industry
13 Company Profile
13.1 Fuji Corporation (Japan)
13.1.1 Company Overview
13.1.2 Financials
13.1.3 Products/ Services Offered
13.1.4 SWOT Analysis
13.1.5 The SNS View
13.2 Mycronic AB (Sweden)
13.2.1 Company Overview
13.2.2 Financials
13.2.3 Products/ Services Offered
13.2.4 SWOT Analysis
13.2.5 The SNS View
13.3 Nordson Corporation (US)
13.3.1 Company Overview
13.3.2 Financials
13.3.3 Products/ Services Offered
13.3.4 SWOT Analysis
13.3.5 The SNS View
13.4 KLA Corporation (US)
13.4 Company Overview
13.4.2 Financials
13.4.3 Products/ Services Offered
13.4.4 SWOT Analysis
13.4.5 The SNS View
13.5 Yamaha Motor (Japan)
13.5.1 Company Overview
13.5.2 Financials
13.5.3 Products/ Services Offered
13.5.4 SWOT Analysis
13.5.5 The SNS View
13.6 Juki Corporation (Japan)
13.6.1 Company Overview
13.6.2 Financials
13.6.3 Products/ Services Offered
13.6.4 SWOT Analysis
13.6.5 The SNS View
13.7 Viscom AG (Germany)
13.7.1 Company Overview
13.7.2 Financials
13.7.3 Products/ Services Offered
13.7.4 SWOT Analysis
13.7.5 The SNS View
13.8 Hitachi High-Technologies Corporation (Japan)
13.8.1 Company Overview
13.8.2 Financials
13.8.3 Products/ Services Offered
13.8.4 SWOT Analysis
13.8.5 The SNS View
13.9 ASM Assembly Systems (Germany)
13.9.1 Company Overview
13.9.2 Financials
13.9.3 Products/ Services Offered
13.9.4 SWOT Analysis
13.9.5 The SNS View
13.10 Saki Corporation (Japan)
13.10.1 Company Overview
13.10.2 Financials
13.10.3 Products/ Services Offered
13.10.4 SWOT Analysis
13.10.5 The SNS View
14. Competitive Landscape
14.1 Competitive Bench marking
14.2 Market Share Analysis
14.3 Recent Developments
14.3.1 Industry News
14.3.2 Company News
14.3.3 Mergers & Acquisitions
15. USE Cases and Best Practices
16. Conclusion
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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.
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