The global surface mount technology (SMT) equipment market is anticipated to exhibit a healthy CAGR during the forecast period (2012 to 2023), according to a report available on Radiant Insights, Inc. Surface mount technology (SMT) equipment are devices or machines which are used to make electronic circuits. Right from placement of surface mount devices (SMDs) onto printed circuit boards till soldering of SMDs, multiple types of SMT equipment is used to increase productivity and efficiency. Increasing use of mobile communication devices such as smartphones, laptops and tablets are anticipated to propel market growth. These devices are based on electronic circuits in which the components are placed directly onto the surface of printed circuit boards (PCBs). Growth of internet of things and rising demand for connected devices is expected to impel market growth. Rising focus on miniaturization of electronic components coupled with growth adoption of automation technologies is driving the technology. Integration of electronic circuits into automobiles to make them autonomous is stimulating demand for advanced SMT equipment. Benefits offered by SMT machines such as improved quality control and reduced material handling costs will drive the market over the forecast period. To cater to rising demand for SMT equipment, manufacturing companies are investing in R&D activities to develop innovative products. For instance, in April 2018, Yamaha launched SMT machine called Z:LEX YSM20R. The machine offers wide range of production formats and mounting speed of 95,000 chips per hour (CPH). In addition, the machine is capable of mounting electronic components up to 12*12 mm in size to improve productivity. Access "104" page research report with TOC on "Surface Mount Technology (SMT) Equipment Market" available with Radiant Insights, Inc. @ https://www.radiantinsights.com/research/global-smt-surface-mount-equipments-market The surface mount technology equipment market can be segregated on the basis of equipment, end user, components, and region. Based on equipment, the market can be categorized into coating equipment, cleaning agents, soldering equipment, pick and place, and rework and repair equipment. In terms of end user, the market can be classified into consumer electronics, telecommunication, automotive, and medical. On the basis of components, the market can be divided into transistor and diodes, passive surface mount devices, and integrated circuits. Regional segmentation includes Europe, North America, Asia Pacific, Middle East and Africa, and Latin America. Asia Pacific dominated the market and the region is expected to maintain its dominance over the forecast period. Growth of consumer electronics industry in countries such as China, India, and Japan is anticipated to propel demand for SMT equipment in the region. Advent of miniaturized electronic components which require special equipment to be placed on to PCB’s is driving regional market growth. Some of the leading companies operating in the surface mount technology equipment market are CyberOptics Corporation, Fuji Machine Manufacturing Co., Ltd., Assembly Systems, Mycronic AB, and Nordson Corporation.
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