Surface Mount Technology (SMT) Equipment Market - Global Industry Analysis, Growth, Trends Forecast 2023

Surface Mount Technology (SMT) is a technology which deals with mounting and soldering of surface mount devices (SMD) on the surface of a printed circuit boards (PCB). This technology differs a lot from traditional thru-hole soldering technology. SMT comparatively uses different soldering equipment and principals and offers more electrical conductivity and reliability as compared to thru-hole soldering technology. The global SMT equipment market is strengthened by the growth of global electronics market especially in Asia Pacific region.

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SMT equipment market is driven by the growing trend of miniaturization, higher production speed and continuous introduction of new products. Increasing demand from mobile phone, 3G telecom network, LCD / LED television sets, LED and CFL lighting and other consumer electronics products market is also expected increase demand for SMT equipment. Demand for more efficient and light weight electronic devices in the field of medical and automotive is expected to fuel the demand for SMT equipment market over the coming years. Repairing of the products manufactured by SMT technology are difficult and very high skilled persons and tools are required for the repairing tasks. Along with it, SMT is unsuitable for high-power and high-voltage electronic parts, for example power circuitry. Tightening soldering quality requirements and package complexity are increasing the need for inspection process to ensure complete process and product control, and reduce rework and repair costs. Use of AOI (Automatic Optical Inspection) and X-ray inspection equipment is expected to increase in the coming years, resulting into improved quality of packaging of surface mounted devices. Defense electronics applications are a significant opportunity for SMT equipment market players. Software use in surface mount technology process is gaining significant demand and is resulting into improved process efficiency.

SMT equipment manufacturing industry is intensely competitive and mature. Margins in this industry are low with high entry barriers. High investment in research is needed as the technology turnaround time is low thus the players need to invest in product innovation regularly. SMT equipment market is segmented on the basis of product and geography. On the basis of product segment the SMT equipment market is segmented into screen print equipment (automatic, semiautomatic and manual), soldering equipment (wave oven and reflow oven), inspection equipment (laser, X-ray and optical), placement equipment (low speed, high speed and medium speed), cleaning equipment and rework and repair equipment (semiautomatic and manual). Asia Pacific is expected to be the fastest growing market for SMT equipment during the coming years due to the rapidly rising semiconductor and electronics manufacturing activity in the region.

ASM Assembly Systems GmbH & Co. KG, Viscom AG, Orbotech Ltd, Electro Scientific Industries Inc., Teradyne Inc., Panasonic Corporation, YXLON International FeinFocus GmbH., Electro Scientific Industries Inc., Universal Instruments Corp., X-Tek Group Inc., Omron Corporation, Saki Corporation, Speedline Technologies GmbH, Glenbrook Technologies Inc., CyberOptics Corporation, Heller Industries Inc., Taiwan Surface Mounting Technology Corp., Assembléon Netherlands BV, Juki Automation Systems Inc., Teradyne Inc., Koh Young Technology Inc., Nordson Corporation, PPT Vision Inc., and Fuji Machine Manufacturing Co. are some of the key players in SMT market.

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