Global SMT Equipment Market Overview:
Surface mount technology (SMT) Equipment possesses high component density (components per unit area) and can have many more connections per component. These equipment’s size is much smaller than the through-hole component because it may have very fine pitched and smaller leads or may contain no leads. They are widely used for placing capacitor, resistor, inductor, and other components on Printed Circuit Board (PCB’s). The growing demand for SMT equipment in the consumer electronics industry is driving the market growth.
- Rising Number of Electric Vehicles
- Increasing Number of Wearable Devices
- Growing Demand for Miniature Electric Circuits and Components
- Progression in Self-Driven Cars
- Growth in Medical Technology
- Growth in Smartphone Penetration
- Emerging Industrial Robotics
According to AMA research, the global SMT equipment market is fragmented due to the presence of numerous key players who have high bargaining power. Major companies in this market are constantly working towards introducing innovative products and lowering production costs in order to enhance profitability.
Some of the key players profiled in the report are Fuji Corporation (Japan), Hitachi High-Technologies Corporation (Japan), Mycronic (Sweden), Nordson Corporation (United States), Panasonic Corporation (Japan), JUTZE Intelligence Technology Co.,Ltd. (China), Cyber Optics Corporation (United States), Electro Scientific Industries, Inc. (United States), Juki Corporation (Japan), Hangzhou Neoden Technology Co.,Ltd (China), KLA Corporation (United States), Mirtec Corporation (United States), OMRON Corporation (Japan), Universal Instruments Corporation (United States), Europlacer (United States) and Evest Corporation (Taiwan). Analyst at AdvanceMarketAnalytics see United States and Asian Countries Vendors to retain maximum share of Global SMT Equipment market by 2025. Considering Market by Equipment Type, the sub-segment i.e. Inspection Equipment will boost the SMT Equipment market.
In February 2019, KLA-Tencor Corporation acquired Orbotech Ltd. This acquisition will extends KLA's market reach within the electronics value chain, opens new high-growth opportunities, and brings complementary technologies, products and services to KLA portfolio.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be provided prior to purchase
The top-down and bottom-up approaches are used to estimate and validate the size of the Global SMT Equipment market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in SMT Equipment market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes New Entrants/Investors, Analysts and Strategic Business Planners, SMT Equipment Manufacturer, Surface Mount Technology (SMT) Technology Providers, Raw Material Suppliers, Dealers, Suppliers, Traders, and Distributors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End Use Industry.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.