Press release
Surface Mount Technology Equipment Market to Grow at 5.9% CAGR through 2031 amid Rising Demand for Miniaturized Electronics
Surface Mount Technology (SMT) Equipment Market is projected to reach a valuation of US$ 9.1 billion by 2031. The report further indicates that the market is anticipated to grow at a compound annual growth rate (CAGR) of 5.9% during the forecast period from 2023 to 2031.
Get Sample PDF Brochure: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=5516
Key players:
• ASML Holding, N.V.
• Fuji Machine Mfg. Co., Ltd.
• Hitachi, Ltd.
• Juki Corporation
• KLA-Tencor Corporation
• Koh Young Technology
• Mycronic AB
• Nordson Corporation
• Orbotech Ltd.
• Panasonic Corporation
• PARMI Corp.
• Test Research, Inc.
• Yamaha Motor Co., Ltd.
Market Segmentation
• Equipment Type
• Placement Equipment
• Soldering Equipment
• Cleaning Equipment
• Inspection Equipment (Device Type (2D/3D)
End-use Industry
• Automotive
• Aerospace & Defense
• Consumer Electronics
• Healthcare
• Industrial
• Others
By Region
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa
Market Drivers and Challenges
Drivers
• Rising Demand for Miniaturized Electronics: Consumer preference for compact, high-performance devices is driving the demand for SMT equipment.
• Advancements in Automation: Adoption of AI, machine learning, and robotics to enhance production efficiency and reduce errors.
• Expansion of Key Industries: Growth in automotive, consumer electronics, and telecommunications sectors boosts the demand for SMT equipment.
Challenges
• High Initial Investment: Significant costs associated with the acquisition and setup of advanced SMT equipment.
• Complexity in Integration: Challenges in integrating SMT equipment with existing manufacturing processes and systems.
• Technical Skill Requirements: Need for skilled personnel to operate and maintain sophisticated SMT equipment.
Market Trends
• Adoption of Industry 4.0: Increasing use of smart manufacturing technologies, including IoT, AI, and big data analytics, to optimize production processes.
• Growth in Electric Vehicles (EVs): Rising demand for EVs and advanced automotive electronics, leading to increased use of SMT equipment.
• Development of Advanced SMT Equipment: Continuous innovation in SMT equipment to enhance precision, speed, and flexibility.
Access Full Report from Here: https://www.transparencymarketresearch.com/surface-mount-technology-equipment-market.html
Key Market Study Points
• Market Dynamics: Analysis of factors driving and restraining market growth.
• Competitive Landscape: Examination of strategies adopted by key players.
• Market Segmentation: Detailed analysis of different market segments and their growth potential.
• Technological Advancements: Keeping track of the latest innovations in SMT equipment.
• Regional Insights: Comprehensive analysis of regional market trends and growth opportunities.
More Trending Reports by Transparency Market Research -
Semiconductor ICP-MS System Market - https://www.transparencymarketresearch.com/semiconductor-icp-ms-system-market.html
Transformer Market - https://www.transparencymarketresearch.com/transformer-market-report.html
Electronic Testing Services Market - https://www.transparencymarketresearch.com/electronic-testing-services-market.html
Ambient Light Sensors Market - https://www.transparencymarketresearch.com/ambient-light-sensors-market-report.html
Silicon Carbide Power Semiconductors Market - https://www.transparencymarketresearch.com/silicon-carbide-power-semiconductors-market-insights.html
About Transparency Market Research
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
Contact:
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.com
Email: sales@transparencymarketresearch.com
Follow Us: LinkedIn| Twitter| Blog | YouTube
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Surface Mount Technology Equipment Market to Grow at 5.9% CAGR through 2031 amid Rising Demand for Miniaturized Electronics here
News-ID: 4037303 • Views: …
More Releases from Transparency Market Research
Building Automation and Control System Market Outlook 2035: Expanding from US$ 1 …
The global building automation and control system (BACS) market is entering a decade of sustained expansion as digitalization, energy efficiency mandates, and smart infrastructure investments reshape the built environment. Valued at US$ 100.6 billion in 2024, the market is projected to reach US$ 230.2 billion by 2035, growing at a compound annual growth rate (CAGR) of 7.8% from 2025 to 2035. This growth reflects the accelerating adoption of intelligent systems…
Tactile Sensor Market Set to Reach US$ 65.6 Billion by 2035, Driven by Robotics …
The global tactile sensor market is witnessing rapid transformation as industries increasingly demand intelligent systems capable of sensing and responding to physical touch. Valued at US$ 16.2 billion in 2024, the market is projected to reach an impressive US$ 65.6 billion by 2035, expanding at a robust compound annual growth rate (CAGR) of 13.4% from 2025 to 2035. This strong growth outlook is primarily driven by the accelerating adoption of…
Global Embolotherapy Market Set to Reach USD 7.2 Billion by 2035, Driven by Inno …
The global embolotherapy market is poised for substantial growth over the next decade, with the market size projected to surge from US$ 3.5 billion in 2024 to US$ 7.2 billion by 2035, expanding at a CAGR of 6.7% from 2025 to 2035, according to the latest market research. This growth trajectory is propelled by the increasing incidence of cancer and vascular diseases, a rising preference for minimally invasive procedures, and…
DC Fast Charging Station Market Expanding at 36.3% CAGR Through 2035 - By Compon …
The global DC Fast Charging Station Market was valued at US$ 4.6 Bn in 2024 and is projected to reach US$ 121.5 Bn by 2035, expanding at a robust compound annual growth rate (CAGR) of 36.3% from 2025 to 2035. This exponential growth trajectory underscores the pivotal role of high-power DC charging infrastructure in enabling mass electric vehicle (EV) adoption worldwide.
Access key findings and insights from our Report in this…
More Releases for SMT
Global SMT RF Mixers Market Outlook Report 2026
"Global SMT RF Mixers Market 2026 by Manufacturers, Regions, Type and Application, Forecast to 2032" is published by Global Info Research. It covers the key influencing factors of the SMT RF Mixers market, including SMT RF Mixers market share, price analysis, competitive landscape, market dynamics, consumer behavior, and technological impact, etc.At the same time, comprehensive data analysis is conducted by national and regional sales, corporate competition rankings, product types and…
I.C.T SMT Expertise Drives Automotive Innovation in Europe
As an SMT training lecturer, I've spent years guiding technicians through the complexities of surface-mount technology. But seeing I.C.T's technical team in action in Europe was a reminder of what true expertise looks like. Their recent project, supporting a European client in automotive electronics, showcased their ability to deliver not just equipment but complete, reliable solutions.
The client needed a production line for car dashboards-components that demand precision due to their…
SMT Surface Mounting Technology Redefining Modern Electronics Manufacturing
A2ZEMS Electronics Electronics Leads the Way with High-Performance Surface Mount Assembly Solutions
March 28, 2025 - Elgin, IL - A2ZEMS Electronics is proud to unveil its advanced SMT Surface Mounting Technology services, engineered to transform electronics manufacturing through precision, efficiency, and scalability.
Designed for OEMs and businesses across various sectors, A2ZEMS's surface mount capabilities provide a reliable foundation for high-performance electronic products in today's fast-evolving technological landscape.
Pioneering Excellence in Surface Mount…
Prominent Surface Mount Technology (SMT) Equipment Market Trend for 2025: Panaso …
What combination of drivers is leading to accelerated growth in the surface mount technology (smt) equipment market?
The increasing demand for electronic devices is expected to propel the growth of the surface mount technology (SMT) equipment market. SMT equipment is used to efficiently assemble electronic components onto printed circuit boards (PCBs), which are essential for creating compact and efficient electronic devices. For example, in April 2024, the Japan Electronics and Information…
SMT Inspection Market Expansion and Electronics Industry Trends
On March 25, 2025, Exactitude Consultancy., Ltd. announces the release of the report "Global SMT Inspection Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2034". The report is a detailed and comprehensive analysis presented by region and country, type and application. As the market is constantly changing, the report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across…
Surface Mount Technology (SMT) Equipment Market 2015 - 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…
