About surface mount technology (SMT) placement equipment
SMT is a method of forming an electronic circuit wherein electronic components are mounted or placed directly on the electric circuit board. The device that uses this technology is called a surface-mount device. The electronic components mounted using this method include passive elements such as resistors and capacitors, transistors and diodes, and integrated circuits. The demand for these equipment is high in industries such as consumer electronics, telecommunications, automotive, and healthcare, and the cost can range up to 50% of the total cost of SMT equipment.
Technavio’s analysts forecast the global SMT placement equipment market to grow at a CAGR of 6.46% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global SMT placement equipment market for 2016-2020. To calculate the market size, Technavio considers the revenue generated from sales of SMT placement equipment.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global SMT Placement Equipment Market 2016-2020
Technavio recognizes the following companies as the key players in the global SMT placement equipment market: ASM Pacific Technology, Assembléon, Fuji Machines, Panasonic, Juki, and Yamaha.
Other Prominent Vendors in the market are: Allen Organ Company, Autotronik, Electro Scientific Industries, Essemtec, Koh Young Technology, Mirae, Mycronic, Nordson, Speedline Technologies, Samsung, SMTmax, Taiwan Surface Mounting Technology, and Universal Instruments.
Commenting on the report, an analyst from Technavio’s team said: “Increased applications of SMT placement equipment will be a key trend for market growth. The healthcare industry is also undergoing rapid evolution. Earlier, medical instruments involved manual operation processes, which are increasingly being replaced by smart medical devices. All medical instruments are now engineered with sensors, smart display devices, and complex circuit boards to increase the accuracy of prediction. In addition, every aspect of the medical field is being digitized, requiring SMT placement equipment for pick-and-place operations.”
According to the report, high demand from EMS companies will be a key driver for market growth. The technological innovations will lead to a demand for electronic manufacturing services companies worldwide, and may spur substantial investments in new production lines. We infer that new investments would warrant further investments in SMT placement equipment, expanding the market during the forecast period.
Further, the report states that high investment requirements to implement advanced SMT will be a challenge for the market. Substantial investments are required to implement advanced SMT in a short period, and such requirements create pressure on end-users with limited budget, such as SMEs. These conditions have changed market requirements. Using SMT is important in competitive business environments, and therefore, SMEs are trying to sustain their operations by opting for refurbished SMT equipment, rather than investing in new SMT solutions. These factors hamper the revenue of market vendors.
ASM Pacific Technology, Assembléon, Fuji Machines, Panasonic, Juki, Yamaha, Allen Organ Company, Autotronik, Electro Scientific Industries, Essemtec, Koh Young Technology, Mirae, Mycronic, Nordson, Speedline Technologies, Samsung, SMTmax, Taiwan Surface Mounting Technology, Universal Instruments.