Rise in Demand for PCBs Expected to Drive Global SMT Replacement Equipment Market

SMT or Surface mount technology is a definite type of the automation technology, which is usually used to manufacture the electronic circuits by placing electronic components such as resistor, capacitor, inductor, and fan onto the printed circuit board (PCB). The electronic components are assembled on a printed circuit board using a SMT assembly kit. They are also identified as pick & place machines. Generally, SMT placement equipment has high-resolution verification cameras & linear encoders that facilitate these machines to precisely place electronic components onto the PCB, prior to soldering. The efficiency of SMT placement machine is usually measured in components per hour (CPH). CPH is a precise rate at which electronic components are selected by SMT placement equipment machine & placed on the PCB.

As per analysis, Global SMT Placement Equipment Industry Research Report 2021 Segmented by Major Market Players, Types, Applications and Countries Forecast to 2027. Some of the key companies operating in the global SMT replacement equipment market include Yamaha Motor, Europlacer, Assembleon(K&S), Mirae, Mycronic, JUKI, Beijing Torch, DDM Novastar, Panasonic, ASM Pacific Technology, Autotr, Hanwha Techwin, Fuji and among others. Global market players work with research institutes to develop new and improved reinforced polymers based on natural and synthetic fibers in order to gain a competitive advantage over other companies. Players also try to develop new manufacturing techniques to reduce production costs and enhance production capacity.

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In terms of type, SMT replacement equipment market can be divided as medium speed type and high speed type. Additionally, in terms of applications, market can be divided as telecommunications equipment, consumer electronics, automotive, medical and others. Telecommunication equipment segment dominates the global market caused by growth of telecommunications equipment expenditures and launches in introducing new products during the forecast period. In addition, consumer electronics segment is predicted to witness higher growth rate owing to growth in improvement in various technologies involved in the manufacturing of consumer electronics, compact fluorescent lamp (CFL) lighting, light-emitting diode (LED) and liquid crystal display (LCD)/LED monitors & televisions during the forecast period.

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Rise in demand for PCBs, followed by growth in consumer electronic products for instance Smartphone, laptops, tablets and LCD TV are some major factors, which are responsible for growth of the SMT replacement equipment market. Moreover, SMT factors in manufacturing includes reduced material handling costs, reduced board cost, and controlled manufacturing process are drive the global SMT placement equipment market throughout the forecast period. Furthermore, rise in shift toward flexible & responsive manufacturing methods is a leading opportunity for global market.

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Based on regional analysis, the North-America is a leading region in global SMT replacement equipment market owing to growth of computing & storage industries across the region. The Asia-Pacific and Europe regions are anticipated to exhibit considerable growth rate because of rise in sale of consumer electronic products over the forecast period. It is expected that future of the global SMT replacement equipment market will be bright due to increase in consumer electronics industry during the forecast period.

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