Surface Mount Technology (SMT) Equipment Market Share Driven by Electronics Miniaturization and High-Speed Manufacturing | Valuates Reports

Surface Mount Technology (SMT) Equipment Market Size
The global market for Surface Mount Technology (SMT) Equipment was valued at US$ 7088 million in the year 2024 and is projected to reach a revised size of US$ 9796 million by 2031, growing at a CAGR of 4.8% during the forecast period.

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The Surface Mount Technology (SMT) Equipment Market plays a critical role in modern electronics manufacturing, supporting high-density circuit assembly across multiple industries. Market trends reflect increasing demand for compact, lightweight, and high-performance electronic products, which continues to influence overall market size and market growth. Advancements in automation, precision placement, inspection accuracy, and smart factory integration are reshaping buyer behavior, while manufacturers focus on improving throughput, yield, and production flexibility to meet evolving design requirements.

Placement equipment holds the largest market share due to its central role in accurately mounting components onto printed circuit boards at high speed and precision. This segment continues to benefit from technological upgrades such as vision systems and intelligent motion control. Reflow oven equipment is witnessing strong market growth as thermal process optimization becomes increasingly important for reliability and quality assurance. Printer equipment remains essential for solder paste deposition, while other supporting equipment contributes to a fully integrated SMT production line and reinforces overall market expansion.

Consumer electronics represents the leading application segment, driven by continuous product innovation and large-scale manufacturing of smartphones, wearables, and home electronics. Telecommunications equipment is showing strong market growth as network infrastructure and connectivity solutions evolve. Automotive and medical devices are gaining importance as electronic content increases in vehicles and healthcare equipment, requiring high-reliability assembly processes. Other applications add to the diversity of demand and support steady market development.

The competitive landscape is defined by established players such as Fuji Corporation, ASM Pacific Technology, Panasonic, Yamaha Motor, and Juki, which hold a significant market share through advanced technology portfolios and global service networks. Companies like Koh Young, Mycronic, Hanwha Precision Machinery, and Kulicke & Soffa strengthen their position with inspection systems, precision solutions, and process optimization capabilities. Emerging manufacturers including Beijing Borey and Beijing Torch are expanding rapidly by addressing regional manufacturing needs and offering cost-effective equipment tailored to local production environments.

Asia-Pacific dominates the market due to its strong electronics manufacturing base, particularly in China, Japan, South Korea, and Taiwan, where large-scale production drives high equipment consumption. North America and Europe maintain steady demand supported by advanced manufacturing, automotive electronics, and industrial automation. Southeast Asia and Latin America are experiencing accelerating market growth as electronics assembly capacity expands and supply chains diversify. The market forecast remains positive, supported by continued innovation in automation, adoption of smart manufacturing practices, and rising demand for advanced electronic devices across industries.

by Type

• Placement Equipment
• Printer Equipment
• Reflow Oven Equipment
• Others

by Application

• Consumer Electronics
• Telecommunications Equipment
• Automotive
• Medical Devices
• Others

By Company

Fuji Corporation, ASM Pacific Technology, Panasonic, Yamaha Motor, Koh Young, Mycronic, Juki, Hanwha Precision Machinery, ITW EAE, Kulicke & Soffa, GKG, Viscom, Mirtec, Universal Instruments, Kurtz Ersa, Test Research (TRI), Europlacer, BTU International, Parmi, Saki, Heller Industries, Mirae, Beijing Borey, Beijing Torch

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