The infographic below contains key findings from the surface mount technology (SMT) equipment market analysis

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Overview of the global surface mount technology (SMT) equipment market

Technavio’s global surface mount technology (SMT) equipment market research analysis identifies that the rising number of investments in driverless cars will be one of the major factors that will have a positive impact on the SMT equipment market’s growth. Driverless cars need a wide range of automotive electronics for the functioning of the automobile. An onboard computer controls the driverless cars and the vehicle is directed by the information received from a connected car network and the IoT. These vehicles are integrated with many electronic systems such as forward collision warning, lane departure warning, front view camera system, backup aid (smart cameras), and autonomous brake system. Moreover, the utilization of surface mount PCB in the automotive electronic system in vehicles is high as it provides an electrically feasible conducting path. The commercialization of autonomous cars is likely to raise the need for electronic manufacturing service (EMS) providers to increase production numbers that in turn, will create a rise in the SMT equipment demand during the forecast period. Technavio’s market research analysts predict that this market will grow at a CAGR of close to 9% by 2021.

The increasing need for automated optical inspection (AOI) systems due to numerous technological improvements have led to many SMT equipment manufacturers to focus on improving AOI systems by combining 2D and 3D AOI systems. The combination of both 2D and 3D AOI systems offers the best of both the methods by raising the precision levels of the inspection process and lowering defects. Moreover, this combined system will provide increased assistance in overcoming the encounters faced by each AOI system separately. Our analysts predict that the combination of 2D and 3D systems will be one of the key SMT equipment market trends that will contribute to the growth of this market in the forthcoming years.

Competitive landscape and key vendors  

High competition levels are seen in the SMT equipment market due to low product differentiation. Though there are many regional and local manufacturers, this market is largely consolidated because of the presence of key vendors. Vendors are also increasingly concentrating on recognizing new techniques and process technologies such as surface mount PCBs for enhancing SMT product range. This will drive the growth of the surface mount PCB market.

The leading vendors in the market are –

• FUJI MACHINE
• JUKI
• Mycronic
• Nordson
• Panasonic

The other prominent vendors in the market are ASM Assembly Systems, ASML, CYBEROPTICS, Orbotech, and Viscom.

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Segmentation by type and analysis of the SMT equipment market

• SMT placement equipment
• SMT inspection equipment
• SMT soldering equipment
• SMT cleaning equipment

The rising need for placement equipment by numerous EMS firms and availability of various sizes of PCBs will raise the demand for SMT placement equipment during the forecast period. Also, the rising requirement for electronic components from many end-user applications will propel the growth of the SMT placement equipment market in the coming years.

Geographical segmentation and analysis of the SMT equipment market

• Americas
• APAC
• EMEA

This SMT equipment market study estimates that in terms of geographic regions, APAC will be the major revenue contributor to the SMT equipment market throughout the forecast period. The presence of many EMS firms in the region and high requirement for electronic components by aerospace, automotive, healthcare, industrial, consumer electronics, and telecommunications industries will drive the growth of SMT equipment market during the predicted period..   

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Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global surface mount technology (SMT) equipment market?
• What are the key market trends impacting the growth of the global surface mount technology (SMT) equipment market?
• What are the challenges to market growth?
• Who are the key vendors in the global surface mount technology (SMT) equipment market?
• What are the market opportunities and threats faced by the vendors in the global surface mount technology (SMT) equipment market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global surface mount technology (SMT) equipment market?