Surface Mount Technologies Market in APAC 2015-2019

Market outlook of the surface mount technologies market in APAC

The surface mount technology (SMT) is a method of forming an electronic circuit in which electronic components are mounted or placed directly on the electric circuit board. There is an increasing demand for SMT equipment emerging from industries such as consumer electronics, telecommunication, automotive, and healthcare. The surface mount technologies market in the APAC region is expected to grow at a moderate rate during the forecast period, posting a CAGR of over 7%. In 2014, China contributed the majority of the revenue as the country is a major manufacturing center for consumer electronics.

One of the key reasons for the growth of the surface mount technologies market in the APAC region is the increasing demand for compact electronic devices such as notebooks, ultrabooks, tablets, smartphones, and other consumer electronics. For instance, the demand for smartphones in China and other developing countries augmented by 19% from 2013 to 2014.

Segmentation of the surface mount technologies market in APAC by product

• Placement
• Screen print
• Soldering
• Inspection

The largest revenue for the surface mount technologies market in the APAC region was generated from the SMT placement equipment and accounted for nearly 52% of the market share, and this segment will continue to lead through the forecast period. SMT placement equipment is the most essential equipment in surface mounting because without it other processes like soldering and inspection cannot advance.

Competitive landscape and key vendors

The SMT equipment market in the APAC region is mature and highly competitive and the presence of many vendors has reduced the profit margins and made it difficult for companies to enter the market. However, the major vendors continue to grow by bringing technologically advanced and industry-specific products for the market.

Key vendors in this market are -

• ASMPT
• Assembléon
• Fuji Machine
• Juki
• Panasonic

Other prominent vendors included in this report are Kentronics, Koh Young Technology, Mycronic, Nordson, Orbotech, Saki, Speedline Technologies, Teradyne, Test Research, Universal Instruments, Viscom, and Yamaha Motor.

Growth drivers, challenges, and upcoming trends: Surface mount technologies

Technavio’s market research analysts pinpoint upcoming trend such as the increasing demand for SMT equipment from automotive industry because these days, most vehicles are increasingly computerized and tailored with electronic components.

This report provides a number of factors contributing to the adoption, limitations, and opportunities of the surface mount technologies market in the APAC region. It also offers an analysis of each factor and an estimation of the extent to which the factors are likely to impact the overall market growth.

Key questions answered in the report include

• What will the market size and the growth rate be in 2019?
• What are the key factors driving the surface mount technologies market in APAC?
• What are the key market trends impacting the growth of the surface mount technologies market in APAC?
• What are the challenges to market growth?
• Who are the key vendors in the surface mount technologies market in APAC?
• What are the market opportunities and threats faced by the vendors in the surface mount technologies market in APAC?
• What are the key outcomes of the five forces analysis of the surface mount technologies market in APAC?

Technavio also offers customization on reports based on specific client requirement.

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