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Surface Mount Technology Market 2023 : Trends, Growth, Major Players Analysis And Forecast 2032 | Fuji Corporation, Mycronic AB, ASM Assembly Systems GmbH & Co. KG, Nordson Corporation, Juki Corporation
Surface Mount Technology Market Report 2023
The Business Research Company's Surface Mount Technology Global Market Report 2023 the increasing electric car sales acts as the major driver for the surface mount technology market's growth in the forecast period. For instance, according to April 2023 report published by the International Energy Agency, a France-based intergovernmental organization that provides policy recommendations, analysis, and data on the entire global energy sector, the global sales of electric vehicles are expected to grow from 10 million in 2022 to 14 million in 2023.
The global surface mount technology market size is expected to grow from $4.73 billion in 2022 to $5.23 billion in 2023 at a compound annual growth rate (CAGR) of 10.65%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, and affecting many markets across the globe. The global surface mount technology market size is expected to reach $7.59 billion in 2027 at a CAGR of 9.76%.
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Major competitors in the surface mount technology market are Fuji Corporation, Mycronic AB, ASM Assembly Systems GmbH & Co. KG, Nordson Corporation, Juki Corporation, CyberOptics Corporation, Electro Scientific Industries Inc., Hitachi High-Technologies Corporation, Hanwha Group, Zhejiang Neoden Technology Co. Ltd., Electronic Manufacturing Services Group Inc., Kasdon Electronics Limited, Kulicke and Soffa Industries Inc., Panasonic Holdings Corporation, Heller Industries Inc., and Saki Corporation.
A key trend in the surface mount technology market includes the product innovations. For instance, in June 2020, Z-AXIS Inc. a US-based electronics production enterprise released a brand new product (NPI) line for surface mount technology (SMT) printed circuit board (PCB) assembly.
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The surface mount technology market is segmented -
• By Equipment: Placement, Inspection, Coating Equipment, Solder Equipment, Cleaning Agents, Rework And Repair Equipment
• By Components: Transistor And Diodes, Integrated Circuits
• By Industry Vertical: Telecommunication, Consumer electronics, Automotive, Aerospace And Defense, Healthcare
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the surface mount technology market
The Business Research Company's "Global Surface Mount Technology Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Surface Mount Technology Market Include:
1. Executive Summary
2. Surface Mount Technology Market Characteristics
3. Surface Mount Technology Market Trends And Strategies
4. Surface Mount Technology Market - Macro Economic Scenario
5. Surface Mount Technology Market Size And Growth
……………
27. Surface Mount Technology Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Surface Mount Technology Market
29. Surface Mount Technology Market Future Outlook And Potential Analysis
30. Appendix
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