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The SMT Placement Equipment market is projected to reach a value of USD 905.05 million at a CAGR of 7.21% between 2022 and 2027.
The market refers to the market for machines used in electronic manufacturing to place surface mount components onto printed circuit boards. Various technologies such as pick-and-place, screen printing, and soldering to accurately and efficiently assemble electronic components onto PCBs. The market is highly competitive, with manufacturers constantly innovating to improve the speed, accuracy, and efficiency of their machines. The global market is projected to experience significant growth in the coming years, driven by factors such as increasing demand for consumer electronics and advancements in technology.
Electronics manufacturing industry is experiencing significant growth due to advancements in technologies such as LED and CFL lighting, LCD/LED monitors and televisions, and SMT placement equipment. This is essential for the assembly of electronic circuits in efficient and lightweight devices, including smartphones and IoT devices. The market is driven by the increasing demand from OEMs and contract manufacturers, as well as the expansion of the smartphone industry and the development of high-frequency applications. Soldering machines, inspection systems, screen printers, and reflow ovens are key components of the market. The growing complexity of PCBs, the integration of fingerprint sensors and other advanced components in mobiles and smart televisions, and the miniaturization of electronic products require precise and advanced manufacturing processes. SMT placement equipment is also crucial for the production of smart devices for smart homes, factories, and telecommunication networks. Rapid prototyping, pick-and-place machines, and solder paste printers are essential for the PCB industry, which is experiencing growth due to the increasing demand for wearable devices, smart watches, and flexible sensors. Moreover, the market is driven by the need for thermal management, impedance, cross-talk noise, and inductance interconnects in high-performance computing, industrial automation, and wireless networks. The market is expected to continue growing due to the increasing demand for green technology and the expansion of LED lighting and LED manufacturers. SMT inspection equipment is also a critical component of the market, ensuring the quality and reliability of electronic components.
The market is further segmented into Vehicle Type and Type categories, providing a comprehensive overview of the diverse offerings and sub-segment available within the industry.
The market share growth by the consumer electronics segment will be significant during the forecast period. This segment is expected to gain traction owing to improvements in technology related to the production of consumer electronics, light emitting diodes (LEDs) and compact fluorescent lamps (CFLs), liquid crystal displays, and television (LCD)/LED. There is a growing preference for efficient and lightweight electronics, and suppliers are expected to increase their investment in assembly applications. The market is expected to witness significant demand from original equipment manufacturers (OEMs) and contract manufacturers that manufacture electronic products for customers.
The consumer electronics segment was valued at USD 720.40 million in 2017 and continued to grow until 2021. The increasing awareness of green technology by electronics manufacturers is expected to drive the adoption of LED components offering benefits such as brightness, energy efficiency, low carbon emissions, and efficiency cost results. Government organizations should opt for LED lighting in public places and government offices. With these developments, the market players are also focusing on improving their capabilities. Therefore, such factors are expected to fuel the growth of the consumer electronics segment of the global market during the forecast period.
The market, a key player in the global electronics manufacturing industry, exhibits diverse types to meet evolving demands. A recent study highlights the role of advanced machines in Italy and Russia, addressing component density challenges in smartphones and IoT devices. The world witnesses a wide range, catering to various needs. Despite notable advancements, restraints persist, urging continuous innovation. As the Internet of Things expands, the market remains pivotal, adapting to an ever-changing landscape and propelling the electronics manufacturing industry forward.
The market encompasses a range of advanced tools utilized in the production of electronic circuits. Key components of this market include placement machines, such as pick-and-place machines and solder paste printers, which are essential for mounting components onto PCB (Printed Circuit Board) in various industries. It plays a crucial role in manufacturing smartphones, IoT devices, and other miniaturized products, where high-density component placement is necessary. These systems enable the production of smart devices for homes and factories, telecommunication networks, computing and storage systems, and wireless networks. High-frequency applications, thermal management, impedance, cross-talk noise, and inductance interconnects are critical considerations in the design and implementation of SMT Placement Equipment. Advanced technologies like inspection systems, reflow ovens, screen printers, and soldering machines are employed to ensure the highest quality and reliability in the production process. Industrial automation and rapid prototyping are significant applications, driving market growth in various sectors. The market is expected to continue expanding as the demand for smart devices and advanced technologies increases.
A key driver for the market is the continuous evolution of machines, particularly pick-and-place machines. The Electronics manufacturing industry requires advanced Placement Equipment for assembling electronic components onto Printed Circuit Boards (PCBs) with precision. The increasing production of smartphones, IoT devices, and other smart products drives the demand. This includes soldering machines, inspection systems, screen printers, and reflow ovens. The growing complexity of PCBs, with the integration of fingerprint sensors, mobile devices, smart televisions, and miniaturized products, necessitates high-performance SMT equipment. High-frequency applications, thermal management, impedance, cross-talk noise, and inductance interconnects also require specialized SMT equipment. The market caters to various industries, such as telecommunication, computing and storage, wireless networks, high-performance computing, industrial automation, rapid prototyping, and wearable devices. Pick-and-place machines and solder paste printers are essential components of the SMT industry. LED manufacturers and the green technology sector also benefit from SMT inspection equipment.
Technological advances in product offerings are primary market trends. The market is witnessing significant advancements, with a focus on maximizing throughput and integration with other equipment. SMT placement machines are essential for placing electronic components accurately onto PCBs prior to soldering. Vendors are incorporating advanced features such as flexible and modular gantry systems, improved feeder systems, and high-resolution verification cameras. Linear motors on the X and Y axes enhance accuracy, speed, and servo-loop stiffness. High servo-loop gain is emphasized for increased axis acceleration and deceleration, reducing equipment heating and prolonging operational durations. It plays a crucial role in manufacturing various smart devices, including smartphones, IoT devices, and wearable devices. High-frequency applications, thermal management, and miniaturized products require precise component placement. Solder paste printers and pick-and-place machines are integral to the PCB industry.
Inspection systems and reflow ovens ensure quality control during the manufacturing process. The market caters to various industries, including telecommunication, computing and storage, wireless networks, high-performance computing, industrial automation, and rapid prototyping. It is essential for manufacturing smart devices for homes, factories, and wearable technology, such as fingerprint sensors, mobile devices, smart televisions, and LED lighting. Green technology and LED manufacturers also benefit from the precision and efficiency offered by the market. It ensures the quality of the final product by detecting impedance, cross-talk noise, and other issues related to interconnects. These factors are expected to drive the market growth and trends of the global SMT equipment market during the forecast period.
The future outlook of the market is promising, driven by continuous innovation in assembly equipment and pick-and-place machines. The SMT industry anticipates substantial growth, propelled by the increasing demand for surface mount devices (SMD) across various sectors. In-depth market research and growth analysis indicate a positive trajectory, with a focus on sources, market trends, and analysis. The industry is poised for expansion, emphasizing adaptability and technological advancements to meet evolving market demands, fostering a dynamic landscape for the future. Continuous market research remains pivotal for staying abreast of emerging trends and ensuring sustained growth.
The high cost of deployment is the key challenge that affects the growth of the market. The market in electronics manufacturing continues to grow due to the increasing demand for advanced technologies in various industries. SMT placement equipment is essential for producing electronic circuits used in smartphones, IoT devices, and other smart devices. These systems include soldering machines, inspection systems, screen printers, and reflow ovens. The complexity of PCBs in high-frequency applications, thermal management, and miniaturized products necessitates the use of sophisticated equipment. Fingerprint sensors, mobiles, smart televisions, and wearable devices are some of the applications that benefit from SMT placement technology. SMEs may face challenges in adopting this technology due to the high initial investment. However, the long-term savings in labor costs and quick return on investment make it an attractive option. The PCB industry also benefits from the use of pick-and-place machines, solder paste printers, and SMT inspection equipment. Other applications include telecommunication, computing and storage, wireless networks, high-performance computing, industrial automation, rapid prototyping, and green technology.
Asia-Pacific holds the largest market share in the industry, accounting for approximately 48%. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. Countries such as China, Korea, Japan, India, and Taiwan are expected to support demand owing to their strong industrial presence and quality manufacturing units of semiconductors. China and Japan are among the top manufacturing countries, driving demand for flexible automation among manufacturers, mainly in the electronics and home appliance, semiconductor, and industrial sectors. One of the key drivers of the growth in the APAC market is the presence of existing manufacturing facilities that need modernization and upgrading.
The market in APAC is anticipated to dominate the global scene due to the region's significant industrial base and prominent semiconductor industry. Countries like China, South Korea, Japan, India, and Taiwan are key contributors, driven by their established fabrication units and the trend towards micron-level precision and miniaturization. The automotive, electrical and electronics, and renewable energy sectors are expected to fuel market growth. China and Japan, as leading manufacturing nations, are spearheading the demand for flexible automation in industries such as electronics and appliances, semiconductors, and automotive. Existing facilities requiring modernization and upgrades also contribute significantly to the market expansion. The market in APAC focuses on enhancing yield, performance, and durability to cater to the needs of tech-intensive industries, including tablets and gaming consoles.
The market analysis and report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the market growth analysis report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
ASMPT Ltd.: The company offers ASMPT SMT Solutions
The market growth and forecasting report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The Electronic Circuits and Components market plays a significant role in the placement of Smart Manufacturing Technology (SMT) equipment. Placement equipment refers to machines used to mount components onto printed circuit boards (PCBs). These machines are crucial in the electronics manufacturing industry, as they enable the mass production of complex electronic devices. The Smart Manufacturing Technology placement equipment market is driven by the increasing demand for miniaturization and automation in electronics manufacturing. The market is expected to grow due to the rising production of consumer electronics and telecommunication equipment. Additionally, the trend towards Industry 4.0 and the IoT (Internet of Things) is expected to further boost the demand. Manufacturers are focusing on developing advanced technologies such as automated optical inspection (AOI) and selective soldering to enhance the efficiency and accuracy of SMT placement equipment. The market is competitive, with key players including companies such as Koh Young Technology, Mycronic AB, and Juki Automation Systems. These companies are investing in research and development to offer innovative solutions to meet the evolving demands of the electronics manufacturing industry.
The Global SMT Placement Equipment Market is experiencing rapid growth due to various factors. As smart factories become more prevalent, the demand for advanced SMT equipment increases. Quick product development cycles in the electronics and electrical equipment industry drive the need for efficient and precise systems. With systems connected over the internet, manufacturers can streamline operations and increase productivity. Soldering and adhesive equipment, along with pick and place machines, play crucial roles in high-volume automated production. The miniaturization trend further underscores the importance of precise and reliable SMT equipment. Overall, the market is witnessing robust growth as manufacturers seek to meet the demands of increasingly complex production processes in the electronics industry.
The market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
Market Scope |
|
Report Coverage |
Details |
Page number |
168 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 7.21% |
Market growth 2023-2027 |
USD 905.05 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
6.23 |
Regional analysis |
APAC, Europe, North America, Middle East and Africa, and South America |
Performing market contribution |
APAC at 48% |
Key countries |
US, China, Japan, Germany, and UK |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Amistar Automation Inc., ASMPT Ltd., Autotronik GmbH, Beijing Torch Co. Ltd., DDM Novastar Inc., Europlacer Ltd., FRITSCH GmBH, FUJI Corp., Hanwha Corp., Juki Corp., Kulicke and Soffa Industries Inc., Mirae Corp., Mycronic AB, Nordson Corp., Panasonic Holdings Corp., SumiLax Technologies Pvt Ltd, Universal Instruments Corp., Versatec LLC, and Yamaha Motor Co. Ltd. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period. |
Customization purview |
If our market forecasting report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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