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Surface Mount Technology (SMT) Equipment Market Report 2024 - Size, Share, Growth, Demand And Forecast 2033
Surface Mount Technology (SMT) Equipment Market
As per the report, the surface mount technology (SMT) equipment market size has grown strongly in recent years. It will grow from $5.33 billion in 2023 to $5.82 billion in 2024 at a compound annual growth rate (CAGR) of 9.2%. The surface mount technology (SMT) equipment market size is expected to see strong growth in the next few years. It will grow to $8.32 billion in 2028 at a compound annual growth rate (CAGR) of 9.3%.
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What Is Driving The Growth Of The Global Surface Mount Technology (SMT) Equipment Market?
Rising Demand For Electronic Devices Fuels Growth Of Surface Mount Technology (SMT) Equipment Market
The rising demand for electronic devices is expected to propel the growth of the surface mount technology (SMT) equipment market going forward. Electronic devices are equipment that operate on electrical energy, using electronic circuits to manipulate currents and signals for various applications and specific tasks. The advancement in semiconductor technology has led to the creation of smaller, more powerful, and energy-efficient components, making electronic devices more portable and convenient. Surface mount technology (SMT) equipment enables the efficient and precise assembly of electronic components onto PCBs, contributing to the production of sophisticated electronic devices used in various industries ranging from consumer electronics to aerospace and healthcare
What Is The Key Trend In The Global Surface Mount Technology (SMT) Equipment Market?
Panasonic Introduces Advanced NPM-G Series SMT Machines To Boost Productivity
Major companies operating in the surface mount technology (SMT) equipment market are developing intelligent, advanced process control SMT machines to enhance precision, efficiency, and reliability in the manufacturing process. Intelligent advanced process control (APC) SMT machines are sophisticated equipment used to manufacture electronic circuits. These machines integrate artificial intelligence (AI), machine learning, and advanced sensor technologies to optimize the placement and soldering of components onto printed circuit boards (PCBs).
How Is The Global Surface Mount Technology (SMT) Equipment Market Segmented?
The surface mount technology (SMT) equipment market covered in this report is segmented -
1) By Equipment: Placement Equipment, Inspection Equipment, Soldering Equipment, Screen Printing Equipment, Cleaning Equipment, Repair Equipment, Rework Equipment
2) By Component: Passive Components, Active Components
3) By Service: Designing, Test And Prototyping, Supply Chain Services, Manufacturing, Aftermarket Services
4) By End-User : Telecommunication, Consumer electronics, Aerospace and defense, Automotive, Other End-Users
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How Is The Competitive Landscape Of The Global Surface Mount Technology (SMT) Equipment Market?
Major companies operating in the surface mount technology (SMT) equipment market are Panasonic Corporation, Fuji Corporation, KLA Corporation, Omron Corporation, MKS Instruments, Teradyne Inc., Nordson Corporation, Nordson Corporation, Kulicke and Soffa Industries Inc., Mycronic AB, Koh Young Technology Inc., Universal Instruments Corporation, Heller Industries Inc., Keystone Electronics, Naprotek LLC, Hitachi High-Tech India Private Limited, CyberOptics Corporation, Electronic Manufacturing Services Group Inc., SMTnet, SAKI CORPORATION, Yamaha Motor Co. Ltd
Contents Of The Global Surface Mount Technology (SMT) Equipment Market
1. Executive Summary
2. Surface Mount Technology (SMT) Equipment Market Report Structure
3. Surface Mount Technology (SMT) Equipment Market Trends And Strategies
4. Surface Mount Technology (SMT) Equipment Market - Macro Economic Scenario
5. Surface Mount Technology (SMT) Equipment Market Size And Growth
…..
27. Surface Mount Technology (SMT) Equipment Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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