Surface Mount Technologies Market in APAC 2015-2019
About surface mount technology
Surface mount technology refers to the technology used for placing of electronic components directly onto electronic circuit boards. The device which uses this technology is called surface-mount device. The components which are mounted using this method include passive components such as resistors and capacitors, transistors and diodes, and integrated circuits. SMT equipment are in high demand from industries such as consumer electronics, telecommunications, automotive, and healthcare.
Technavio's analysts forecast the surface mount technologies market in APAC to grow at a CAGR of 7.06% over the period 2014-2019.
Covered in this report
This report covers the present scenario and growth prospects of the surface mount technologies market in APAC for the period 2015-2019. To calculate the market size, the report covers the revenue generated from placement, screen printing, soldering, and inspection.
Technavio's report, Surface Mount Technologies Market in APAC 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report presents the vendor landscape and a corresponding detailed analysis of the major vendors in the market. In addition, it discusses the major drivers that influence the growth of the market. It also outlines the challenges faced by vendors and the market at large, as well as the key trends emerging in the market.
Technavio Announces the Publication of its Research Report – Surface Mount Technologies Market in APAC 2015-2019
Technavio recognizes the following companies as the key players in the Surface Mount Technologies Market in APAC: ASMPT, Assembléon, Fuji Machine, Juki and Panasonic
Other Prominent Vendors in the market are: Kentronics, Koh Young Technology, Mycronic, Nordson, Orbotech, Saki, Speedline Technologies, Teradyne, Test Research, Universal Instruments, Viscom, and Yamaha Motor.
Commenting on the report, an analyst from Technavio’s team said: “Consumers often look for electronic devices that are small, compact, and economical. This has encouraged electronic device manufacturers to reduce the size of their products, which is possible with miniaturization of passive components. Apart from developing countries, developed nations like the US and Japan and European countries are also seeing increased demand for more compact, portable electronic devices with enhanced features.”
According to the report, the proliferating use of electronic devices in vehicles and medical equipment along with continuous growth of smartphones and tablets in APAC will drive the market during the forecast period. Miniaturization of electronic products will also force SMT equipment manufacturers to continue developing innovative products so that they can sustain in the market.
Further, the report states that the electronic industry, which is the major end-user of SMT equipment, is highly fragmented with most of the vendors being small and medium-sized enterprises. These vendors do not have sufficient capital to afford highly priced SMT equipment. To drive the sales of SMT equipment, vendors provide several additional features in the machine so that it is differentiated from their competitors.
ASMPT, Assembléon, Fuji Machine, Juki, Panasonic, Kentronics, Koh Young Technology, Mycronic, Nordson, Orbotech, Saki, Speedline Technologies, Teradyne, Test Research, Universal Instruments, Viscom, Yamaha Motor.