Global Surface Mount Technology (SMT) Equipment Market 2017-2021
About Surface Mount Technology (SMT) Equipment
Surface mount technology (SMT) equipment is the equipment that is required to place components such as resistors and capacitors onto a printed circuit board (PCB). The components placed are known as surface mount devices. SMT equipment can be seen as a substitute for through-hole technology, which used to be a time-consuming process. Different types of SMT equipment include SMT placement equipment, SMT inspection equipment, SMT soldering equipment, and SMT cleaning equipment.
Technavio’s analysts forecast the global surface mount technology (SMT) equipment market to grow at a CAGR of 8.66% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global surface mount technology (SMT) equipment market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Surface Mount Technology (SMT) Equipment Market 2017-2021
Technavio recognizes the following companies as the key players in the global surface mount technology (SMT) equipment market: FUJI MACHINE, JUKI, Mycronic, Nordson, and Panasonic.
Other Prominent Vendors in the market are: ASM Assembly Systems, ASML, CYBEROPTICS, Orbotech, Viscom.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is shift toward sensor-based inspection systems. One of the major trends as identified by Technavio is the transition from manual to sensor-based inspection systems. The use of manual inspection-based systems can result in several errors during the inspection phase of the solder paste application, solder joints, and placement of components.”
According to the report, one driver in the market is growth of the PCB market. The major driver for the global SMT equipment market is the steady growth of the PCB market. PCBs form the core of every electronic device since it provides an electrically conductive path for several components such as resistors, capacitors, transistors, ICs, and diodes. SMT placement equipment is required to place each of the components on the PCB without any overlaps or loose connections. It is necessary to take the growth of the global PCB market into account to validate the growth of the global SMT equipment market.
Further, the report states that one challenge in the market is intense competition leading to price wars. A major challenge for the global SMT equipment market is the intense competition that exists in the industry. The market is characterized by low product differentiation. Although there are several domestic and international players in the market, the top 5 vendors have a higher market share, which allows them to establish their dominance over the global SMT equipment market. These top vendors are FUJI MACHINE, JUKI, Mycronic, Nordson, and Panasonic. Since the competition level is high, it results in the reduction of the profit margins of all the vendors.
FUJI MACHINE, JUKI, Mycronic, Nordson, and Panasonic, ASM Assembly Systems, ASML, CYBEROPTICS, Orbotech, Viscom.
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