Rise in Global Production of PCBs Drives the Surface Mount Technology Equipment Market, According to a New Report by Global Industry Analysts, Inc.
San Jose, California (PRWEB) February 10, 2015 -- Follow us on LinkedIn – The global market for Surface Mount Technology (SMT) equipment is driven by the telecommunications, computing and consumer appliances sectors, all of which are prolific users of Printed Circuit Boards (PCBs). PCBs are vital components of the omnipresent IC chip technology present in virtually all modern electronic devices. Earlier, components were mounted onto a PCB board using the “through-hole technology” either manually or by using automated insertion mount machines. However, the miniaturization trend led to significant board size reductions, making integration of electronic components onto a board a daunting task. SMT today plays a vital role in the PCB assembling process by enabling mounting of active and passive electronic components directly onto the surface of PCBs. Over the years, SMT equipment has contributed significantly towards simplifying PCB assembly operations, and enabling mass production of electronic devices.
Future growth in the market is forecast to come from emerging opportunities in automotive electronics, medical device electronics, aerospace, defense and military electronics. Adoption of advanced SMT equipment will be driven by the shifting focus of end-use markets from defect detection to defect prevention. The scenario is also creating lucrative opportunities for sophisticated SMT placement and inspection equipment. Demand for SMT inspection equipment is driven by the need to reduce resource wastages stemming from manufacturing defects, improve manufacturing processes, reduce associated costs, increase yield and enhance margins. Rising demand for light emitting diodes (LED) technology is also fuelling demand for SMT equipment. Encouraged by the growing popularity of LEDs, SMT equipment manufacturers are planning production capacity additions to accommodate the increasing demand from commercial and consumer electronics sectors.
As stated by the new market research report on Surface Mount Technology (SMT) Equipment, Asia-Pacific represents the single largest market worldwide. The region is forecast to emerge as the fastest growing market with a CAGR of 7.9% over the analysis period led by robust pace of industrialization, and growth in consumer and automotive electronics. SMT placement equipment represents the largest product market supported by the miniaturization trend and the resulting need for higher accuracy in the placement of semiconductor active components such as transistors and diodes, among others. In the SMT Inspection Systems market, Automatic X-Ray Inspection (AXI) Equipment and Automatic Optical Inspection (AOI) Equipment are expected to witness strong growth. AXI equipment is expected to benefit from the integration of computer tomography and intuitive programming.
Major players in the market include ASM Assembly Systems GmbH & Co. KG, Assembléon Netherlands BV, Conceptronic, CyberOptics Corporation, Electro Scientific Industries, Fuji Machine Manufacturing Co. Ltd., Glenbrook Technologies Inc., Heller Industries Inc., Juki Corporation, Kabushiki Kaisha Hitachi Seisakusho (Hitachi, Ltd), Koh Young Technology Inc., Mycronic AB, Nikon Metrology NV, Nordson Corporation, Omron Corporation, Orbotech, Ltd, Panasonic Corporation, Saki Corporation, Speedline Technologies Inc., Teradyne Inc ., Test Research Inc., Universal Instruments, Viscom AG, and YXLON International GmbH among others.
The research report titled “Surface Mount Technology (SMT) Equipment: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, product innovations/introduction, mergers, acquisitions and other strategic industry activities. The report provides market estimates and projections in US Dollars for all major geographic markets including the US, Europe, Asia-Pacific, and Rest of World (Canada, Latin America, the Middle East and Africa). Product markets analyzed include Screen Print Equipment (Manual, Semiautomatic, and Automatic), Placement Equipment (High-Speed, Medium-Speed, and Low-Speed), Soldering Equipment (Reflow Oven, and Wave Oven), Cleaning Equipment, Inspection Equipment (Optical, X-Ray, and Laser), and Repair and Rework Equipment (Manual, and Semiautomatic).
For more details about this comprehensive market research report, please click here
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes 1500+ full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
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