Analysis of SE Asian SMT Equipment Software Market
Surface Mount Technology (SMT) equipment software market is at a growth stage, bolstered by the increasing software bundling in SMT equipment. Frost & Sullivan expects the cost component of the SMT equipment software to rise from % in 2014 to % in 2019.
The SMT equipment software market is estimated to grow at a compound annual growth rate (CAGR) of % during 2014-2019.
Migration of electronics manufacturing from China to SE Asia is driving capital investments in SMT hardware and software, driving the growth of the market.
The key end users for SMT equipment software are consumer electronics and automotive, which together accounted for % of the market in 2014. Automotive is expected to account for % of the market in the next 5 years.
The key regions for SMT equipment software include Thailand and Vietnam, which together accounted for % of the market in 2014. The latter is expected to grow at a CAGR of % during 2014-2019.
With low levels of product differentiation on the hardware side and increasing competitive pressure, SMT equipment manufacturers have started to focus on providing value addition through software to differentiate their products from their competitors.
The ability to provide line solutions is an emerging competitive trend, which is likely to result in some market consolidation in the near future.
About this report
This research service offers an insight into the Southeast Asian SMT equipment software market. The market has been segmented by technology and geography. The technology covered includes pick-and-place software, inspection software, and screen printing software. The geographic scope includes Singapore, Malaysia, Indonesia, Thailand, Vietnam, and the Philippines. The base year for the study is 2014, with forecasts running upto 2019. The study covers revenue forecast, distribution channel, technology trends, and competitive landscape. It also provides an analysis of the current state of the market and discusses factors driving/restraining growth.
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