Surface Mount Technology Market by Service (Aftermarket Services, Designing, Manufacturing, Supply Chain Services, Test & Prototyping), Equipment, Application, and Geography - Global Industry Analysis, Opportunities and Forecast up to 2029

Surface Mount Technology Market Size

The Surface Mount Technology market size was valued at $6.28 billion in 2023 and is projected to reach $10.07 billion by 2029, growing at a CAGR of 8.2% during the forecast period.

Surface Mount Technology Market Overview

Surface mount technology (SMT) is a method of electronic component assembly widely used in the manufacturing of printed circuit boards (PCBs). In contrast to traditional through-hole technology, SMT involves placing components directly onto the surface of the PCB, where they are soldered in place. This process utilizes smaller and lighter components, including resistors, capacitors, and integrated circuits, allowing for higher component density and improved electrical performance. SMT components have metalized terminals that can be directly mounted on the PCB pads. The assembly process involves automated machines that accurately place and solder the components onto the board. Surface Mount Technology offers advantages such as increased efficiency, reduced production costs, and enhanced reliability in electronic devices. It has become the predominant method in modern electronics manufacturing, enabling the development of smaller, lighter, and more advanced electronic devices.

Surface Mount Technology Market Dynamics

The market dynamics analyzed in this market research report encapsulate a multifaceted interplay of drivers and constraints that significantly shape the landscape of the Surface Mount Technology Market. The comprehensive analysis of both drivers and constraints enables a nuanced understanding of the market's dynamics, empowering businesses and stakeholders to make informed decisions in navigating the complexities of the market.

Surface Mount Technology Market Scope

The report “Global Surface Mount Technology Market: Industry Analysis, Opportunities and Forecast up to 2029” by Diligence Insights provides a detailed analysis of the present market and future outlook with market estimates and forecasts for all specified segments, encompassing both global and regional perspectives as outlined within the research framework. The study includes historical market data for the years 2021, 2022 and offers revenue estimations for 2023, and project forecasts spanning from 2024 to 2029. It places significant emphasis on the examination of market trends, key industry participants, supply chain developments, technological advancements, pivotal milestones, and prospective strategies. Comprehensive market assessments are carried out across major geographic regions, including North America, Europe, Asia Pacific, South America, and Middle East & Africa. As such, this report constitutes a valuable resource for current industry stakeholders, newcomers to the field, and potential investors.

The study offers an in-depth market analysis, drawing insights from industry experts across the value chain. A special focus has been made on 25 countries, including the United States, Canada, Mexico, the United Kingdom, Germany, Spain, France, Italy, China, Brazil, Saudi Arabia, and South Africa, among others. The market data has been meticulously collected through extensive primary interviews and comprehensive secondary research. Market size determination is rooted in the revenue generated from sales across all the specified segments and sub-segments as defined within the research scope. The market sizing analysis includes both top-down and bottom-up approaches for data validation and accuracy measures.

Market Segmentation:

The research report includes in-depth coverage of the industry analysis with size, share, and forecast for the below segments:

Global Surface Mount Technology Market by, Service

·        Aftermarket Services

·        Designing

·        Manufacturing

·        Supply Chain Services

·        Test & Prototyping

Global Surface Mount Technology Market by, Equipment

·        Cleaning Equipment

·        Inspection Equipment

·        Placement Equipment

·        Repair & Rework Equipment

·        Screen Printing Equipment

·        Soldering Equipment

Global Surface Mount Technology Market by, Application

·        Aerospace & Defense

·        Automotive

·        Consumer Electronics

·        Healthcare

·        Industrial

·        IT & Telecommunication

·        Other Applications

Global Surface Mount Technology Market by, Geography

·        North America (The United States, Canada, Mexico), Market Estimates, Forecast & Opportunity Analysis.

·        Europe (Germany, France, UK, Italy, Spain, Rest of Europe), Market Estimates, Forecast & Opportunity Analysis

·        Asia Pacific (China, Japan, India, South Korea, Australia, New Zealand, Rest of Asia Pacific), Market Estimates, Forecast & Opportunity Analysis

·        South America (Brazil, Argentina, Chile, Rest of South America), Market Estimates, Forecast & Opportunity Analysis

·        Middle East & Africa (UAE, Saudi Arabia, Qatar, Iran, South Africa, Rest of Middle East & Africa), Market Estimates, Forecast & Opportunity Analysis.

Key Players Profiled in this Research Report include:

·        Teradyne Inc.

·        Seika Corporation

·        Panasonic

·        Nordson Corporation

·        Neoden SMT

·        Mycronic

·        Kulicke & Soffa Industries, Inc.

·        Fuji Machine Manufacturing Co., Ltd.

·        Cognex Corporation

·        ASM Pacific Technology

What can be explored with this research report?

·        Understand global Surface Mount Technology Market analysis, trends, and forecast to 2029.

·        Understand analysis of the Surface Mount Technology Market structure by identifying various segments and sub-segments of the market.

·        Understand revenue forecast and strategic analysis concerning industry trends and contribution to the overall Surface Mount Technology Market.

·        Understand the revenue forecast of the Surface Mount Technology Market for North America, Europe, Asia-Pacific, South America, and Middle East & Africa.

·        Identification of major market trends, factors driving, restraining, threatening, and providing opportunities for the Surface Mount Technology Market growth.

·        Analyzing opportunities by identification of high-growth segments/revenue pockets in the Surface Mount Technology Market.

·        Understand major player profiles in the Surface Mount Technology Market and analyze their business strategies.

·        Understand competitive developments such as joint ventures, alliances, mergers and acquisitions, and new product launches in the Surface Mount Technology Market.

Table Of Content

1 Market Introduction 
 1.1 Market Definition 
 1.2 Research Scope and Segmentation 
 1.3 Stakeholders 
 1.4 List of Abbreviations 
 
2 Executive Summary 
 
3 Research Methodology 
 3.1 Identification of Data 
 3.2 Evaluation of Market Dynamics 
 3.3 Collaboration of Data 
 3.4 Verification and Analysis 
 3.5 Research Approach 
 3.6 Data Sources and Assumptions 
 
4 Market Dynamics 
 4.1 Market Drivers 
 4.2 Market Restraints 
 4.3 Market Opportunities 
 4.4 Market Challenges 
 4.5 Impact of COVID-19 on the Surface Mount Technology Market 
 
5 Porter's Five Force Analysis 
 5.1 Bargaining Power of Suppliers 
 5.2 Bargaining Power of Buyers 
 5.3 Threat of New Entrants 
 5.4 Threat of Substitutes 
 5.5 Competitive Rivalry in the Market 
 
6 Global Surface Mount Technology Market by, Service 
 6.1 Overview 
 6.2 Aftermarket Services 
 6.3 Designing 
 6.4 Manufacturing 
 6.5 Supply Chain Services 
 6.6 Test & Prototyping 
 
7 Global Surface Mount Technology Market by, Equipment 
 7.1 Overview 
 7.2 Cleaning Equipment 
 7.3 Inspection Equipment 
 7.4 Placement Equipment 
 7.5 Repair & Rework Equipment 
 7.6 Screen Printing Equipment 
 7.7 Soldering Equipment 
 
8 Global Surface Mount Technology Market by, Application 
 8.1 Overview 
 8.2 Aerospace & Defense 
 8.3 Automotive 
 8.4 Consumer Electronics 
 8.5 Healthcare 
 8.6 Industrial 
 8.7 IT & telecommunication 
 8.8 Other Applications 
 
9 Global Surface Mount Technology Market by, Geography 
 9.1 Overview 
 9.2 North America 
 9.2.1 US
 9.2.2 Canada
 9.2.3 Mexico
 9.3 Europe 
 9.3.1 Germany
 9.3.2 France
 9.3.3 UK
 9.3.4 Italy
 9.3.5 Spain
 9.3.6 Rest of Europe
 9.4 Asia Pacific 
 9.4.1 China
 9.4.2 Japan
 9.4.3 India
 9.4.4 South Korea
 9.4.5 Australia
 9.4.6 New Zealand
 9.4.7 Rest of Asia Pacific
 9.5 South America 
 9.5.1 Brazil
 9.5.2 Argentina
 9.5.3 Chile
 9.5.4 Rest of South America
 9.6 Middle East & Africa 
 9.6.1 UAE
 9.6.2 Saudi Arabia
 9.6.3 Qatar
 9.6.4 Iran
 9.6.5 South Africa
 9.6.6 Rest of Middle East & Africa
 
10 Key Developments 
 
11 Company Profiling 
 11.1 Teradyne Inc. 
 11.1.1 Business Overview
 11.1.2 Product/Service Offering
 11.1.3 Financial Overview
 11.1.4 SWOT Analysis
 11.1.5 Key Activities
 11.2 Seika Corporation 
 11.3 Panasonic 
 11.4 Nordson Corporation 
 11.5 Neoden SMT 
 11.6 Mycronic 
 11.7 Kulicke & Soffa Industries, Inc. 
 11.8 Fuji Machine Manufacturing Co., Ltd. 
 11.9 Cognex Corporation 
 11.10 ASM Pacific Technology