Global Surface Mount Technology (SMT) Equipment Supply, Demand and Key Producers, 2026-2032

The global Surface Mount Technology (SMT) Equipment market size is expected to reach $ 7987 million by 2032, rising at a market growth of 4.8% CAGR during the forecast period (2026-2032).

Surface Mount Technology (SMT) Equipment refers to the machinery and systems used in the electronic assembly process for mounting electronic components directly onto the surface of printed circuit boards (PCBs). Key equipment includes pick-and-place machines, solder paste printers, reflow ovens, inspection systems (AOI, SPI), and screen printers. SMT equipment enables high-speed, automated, and precise assembly of complex electronics, making it essential for industries such as consumer electronics, automotive, telecommunications, medical devices, aerospace, and industrial electronics. SMT technology has largely replaced through-hole assembly due to its efficiency, miniaturization capability, and lower production cost.

In 2024, global sales reached approximately 71 K Units, with an average global market price of around K US$ 72.3 per unit.

The SMT equipment market is set for strong, sustained growth as global electronics demand accelerates across industries. The push toward miniaturization, automation, and high-performance devices ensures SMT remains the backbone of PCB assembly. With Asia-Pacific dominating due to large-scale electronics manufacturing in China, Japan, South Korea, and Taiwan, the region will remain the largest SMT equipment hub. However, North America and Europe will see increasing investments in advanced SMT lines for EVs, aerospace, and medical devices. The rise of 5G, IoT, AI, and EV technologies continues to expand the need for precise, reliable, and automated assembly. Manufacturers are also under pressure to comply with RoHS and eco-friendly manufacturing standards, pushing for upgrades to sustainable SMT processes.

Market Trend

The global SMT equipment market is witnessing strong growth driven by increasing demand for miniaturized, high-performance electronics. As industries such as 5G, IoT, EVs, and consumer electronics expand, manufacturers require advanced SMT solutions that deliver high throughput, precision, and flexibility. Automation is a key trend: smart factories and Industry 4.0 are pushing adoption of intelligent SMT systems with integrated sensors, data analytics, and real-time monitoring. AI-powered inspection systems (AOI, SPI) and collaborative robotics are improving defect detection and reducing downtime.

Market Drive

Several factors are driving the SMT equipment market: Electronics Miniaturization: Growing demand for smaller, lighter, and more powerful devices in smartphones, wearables, and IoT pushes manufacturers to adopt advanced SMT solutions. Automotive Electronics: The shift toward electric vehicles (EVs), ADAS, and connected cars requires highly reliable, compact, and high-performance PCB assemblies, boosting SMT equipment demand.

Upstream and Downstream

Upstream, SMT equipment relies on precision components and raw materials, including motors, sensors, conveyors, nozzles, soldering systems, and high-speed cameras. Suppliers include Keyence (sensors), Omron (automation components), Murata (materials), Henkel & Indium Corp. (solder paste), and Asahi Kasei (chemicals). SMT machine manufacturers such as ASMPT, JUKI, Fuji, Panasonic, Yamaha Robotics, and Mycronic integrate these parts into equipment.

Downstream, SMT equipment is used by EMS (Electronics Manufacturing Services) providers like Foxconn, Pegatron, Jabil, Flex, and Celestica, as well as OEMs such as Apple, Samsung, Huawei, Bosch, Siemens, and Intel. These companies use SMT lines to assemble consumer electronics, EVs, telecom, aerospace, and medical devices.

This report studies the global Surface Mount Technology (SMT) Equipment production, demand, key manufacturers, and key regions.

This report is a detailed and comprehensive analysis of the world market for Surface Mount Technology (SMT) Equipment and provides market size (US$ million) and Year-over-Year (YoY) Growth, considering 2025 as the base year. This report explores demand trends and competition, as well as details the characteristics of Surface Mount Technology (SMT) Equipment that contribute to its increasing demand across many markets.

Highlights and key features of the study

Global Surface Mount Technology (SMT) Equipment total production and demand, 2021-2032, (Units)

Global Surface Mount Technology (SMT) Equipment total production value, 2021-2032, (USD Million)

Global Surface Mount Technology (SMT) Equipment production by region & country, production, value, CAGR, 2021-2032, (USD Million) & (Units), (based on production site)

Global Surface Mount Technology (SMT) Equipment consumption by region & country, CAGR, 2021-2032 & (Units)

U.S. VS China: Surface Mount Technology (SMT) Equipment domestic production, consumption, key domestic manufacturers and share

Global Surface Mount Technology (SMT) Equipment production by manufacturer, production, price, value and market share 2021-2026, (USD Million) & (Units)

Global Surface Mount Technology (SMT) Equipment production by Type, production, value, CAGR, 2021-2032, (USD Million) & (Units)

Global Surface Mount Technology (SMT) Equipment production by Application, production, value, CAGR, 2021-2032, (USD Million) & (Units)

This report profiles key players in the global Surface Mount Technology (SMT) Equipment market based on the following parameters - company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Fuji Corporation, ASM Pacific Technology, Panasonic, Yamaha Motor, Koh Young, Mycronic, Juki, Hanwha Precision Machinery, ITW EAE, Kulicke & Soffa, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.

Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the World Surface Mount Technology (SMT) Equipment market

Detailed Segmentation:

Each section contains quantitative market data including market by value (US$ Millions), volume (production, consumption) & (Units) and average price (K US$/Unit) by manufacturer, by Type, and by Application. Data is given for the years 2021-2032 by year with 2025 as the base year, 2026 as the estimate year, and 2027-2032 as the forecast year.

Global Surface Mount Technology (SMT) Equipment Market, By Region:
United States
China
Europe
Japan
South Korea
ASEAN
India
Rest of World

Global Surface Mount Technology (SMT) Equipment Market, Segmentation by Type:
Placement Equipment
Printer Equipment
Reflow Oven Equipment
Others

Global Surface Mount Technology (SMT) Equipment Market, Segmentation by Application:
Consumer Electronics
Telecommunications Equipment
Automotive
Medical Devices
Others

Companies Profiled:
Fuji Corporation
ASM Pacific Technology
Panasonic
Yamaha Motor
Koh Young
Mycronic
Juki
Hanwha Precision Machinery
ITW EAE
Kulicke & Soffa
GKG
Viscom
Mirtec
Universal Instruments
Kurtz Ersa
Test Research (TRI)
Europlacer
BTU International
Parmi
Saki
Heller Industries
Mirae
Beijing Borey
Beijing Torch

Key Questions Answered:

1. How big is the global Surface Mount Technology (SMT) Equipment market?

2. What is the demand of the global Surface Mount Technology (SMT) Equipment market?

3. What is the year over year growth of the global Surface Mount Technology (SMT) Equipment market?

4. What is the production and production value of the global Surface Mount Technology (SMT) Equipment market?

5. Who are the key producers in the global Surface Mount Technology (SMT) Equipment market?

6. What are the growth factors driving the market demand? Show more