Press release
Surface Mount Technologies market growing at a CAGR of 8.5% between 2017 and 2023
RnM
Scope of the Report:
This report studies the Surface Mount Technologies market status and outlook of Global and major regions, from angles of players, countries, product types and end industries; this report analyzes the top players in global market, and splits the Surface Mount Technologies market by product type and applications/end industries.
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Global Surface Mount Technology market is expected to grow rapidly during the forecast period. Factors which are driving the growth of global Surface Mount Technology market are growing electronics industry, increasing use of flexible materials printed circuit boards, increasing mass production of electronics hardware devices and rising miniaturization trend & need for mounting electrical & mechanical components.
On the other hand factors which are restraining the growth of global surface mount technology market are high cost of surface mount equipment system, surface mount technology is unsuitable for high power or high voltage parts such as power circuitry.
The global Surface Mount Technologies market is valued at 36200 million USD in 2017 and is expected to reach 59100 million USD by the end of 2023, growing at a CAGR of 8.5% between 2017 and 2023.
The Asia-Pacific will occupy for more market share in following years, especially in China, also fast growing India and Southeast Asia regions.
North America, especially The United States, will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of Surface Mount Technologies.
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Europe also play important roles in global market, with market size of xx million USD in 2017 and will be xx million USD in 2023, with a CAGR of xx%.
Market Segment by Companies, this report covers
ASMPT
Assembleon
Fuji Machine
Juki
Panasonic
Koh Young Technology
Nordson
Market Segment by Regions, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers
Placement
Inspection
Soldering
Screen Printing
Cleaning
Repair & Rework
Market Segment by Applications, can be divided into
Consumer Electronics
Automotive
Aerospace & Defense
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