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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.
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.
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 -
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.
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.
Technavio also offers customization on reports based on specific client requirement.
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by product
PART 07: Market drivers
PART 08: Impact of drivers
PART 09: Market challenges
PART 10: Impact of drivers and challenges
PART 11: Market trends
PART 12: Vendor landscape
PART 13: Key vendor analysis
PART 14: Appendix
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