Global SMT Placement Equipment Market Expected to Witness a Sustainable Growth over 2023

New report published by Market Research Report Store (MRRS) which offers insights on the global SMT Placement Equipment market.

SMT (surface mount technology) component placement systems, commonly called pick-and-place machines or P&Ps, are robotic machines which are used to place surface-mount devices (SMDs) onto a printed circuit board (PCB). They are used for high speed, high precision placing of broad range of electronic components, like capacitors, resistors, integrated circuits onto the PCBs which are in turn used in computers, telecommunications equipment, consumer electronic goods, industrial equipment, medical instruments, automotive systems, military systems and aerospace engineering.

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Global SMT Placement Equipment Market: Forecast by Type / Application / Region

In the coming years there is an increasing demand for SMT Placement Equipment in the regions of China that is expected to drive the market for more SMT placement equipment. Increasing of telecommunications equipment expenditures, more-intense competition, launches in introducing new products, increasing of spending on medical and automotive industry, retrofitting and renovation of old technology, increasing adoption of SMT Placement Equipment will drive growth in North America and Europe markets.

The product average price declined in the past few years due to the technology development, the average price will keep the trend in the few future years due to increasing mature manufacturing technology and lowing cost of raw materials.

The impact on the cost and availability of raw materials and certain components is uncertain due to potential supply changes. The costs of raw materials have a significant impact on the level of expenses. If the prices of raw materials and related factors such as energy prices increase, and if new companies cannot pass those price increases on to customers, their results of operations and financial condition would suffer.

Over the next five years, LPI(LP Information) projects that SMT Placement Equipment will register a 5.9% CAGR in terms of revenue, reach US$ 3250 million by 2023, from US$ 2440 million in 2017.

Global SMT Placement Equipment Market: Key Players
ASM Pacific Technology
Fuji
Hanwha Techwin
Yamaha Motor
JUKI
Panasonic
Assembléon(K&S)
Mycronic
Universal Instruments
Europlacer
Mirae
Versatec
Evest Corporation
Autotronik
DDM Novastar
Dongguan Minlon
Beijing Torch

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Related Information:
United States SMT Placement Equipment Market Research Report 2018
Europe SMT Placement Equipment Market Research Report 2018
North America SMT Placement Equipment Market Research Report 2018
Asia-Pacific SMT Placement Equipment Market Research Report 2018
China SMT Placement Equipment Market Research Report 2018
EMEA SMT Placement Equipment Market Research Report 2018
Global SMT Placement Equipment Market Research Report 2018

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