Surface Mount Technology Market - 9.84% CAGR Forecast Growth to 2020

Press Release   •   May 26, 2016 04:28 EDT

The surface mount technology market in APAC region is expected to grow at a CAGR of 11.01% between 2015 and 2020. The APAC region is one of the key markets for SMT as there is a huge demand for consumer electronics products, particularly smartphones and tablets. Growing industrialization in the developing countries in the APAC is a positive factor for the growth of this market. Complete report on surface mount technology market spread across 172 pages, profiling 10 companies and supported with 91 tables and 68 figures is now available at http://www.rnrmarketresearch.com/surface-mount-technology-market-by-equipment-soldering-screen-print-placement-inspection-cleaning-repair-rework-by-application-automotive-consumer-electronics-telecommunication-medical-and-region-global-forecast-to-2020-market-report.html .

The surface mount technology market is expected to grow, at a CAGR of 9.84% during the forecast period between 2015 and 2020. The APAC region is expected to hold huge potential for the SMT equipment market with many new electronics manufacturing projects planned in the region. Furthermore, increasing penetration of wireless communication standards and rising demand for 3G/4G networks are boosting the surface mount technology demand in the telecommunication sector in this region.

In the surface mount technology market, consumer electronics application is expected to grow at a CAGR of 12.13% between 2015 and 2020. Electronic devices such as cell phones, laptops, MP3 players, and GPS navigation systems have evolved because of the miniaturization of technology and revolutionary development of microelectronics. Hence, the demand for SMDs in applications related to consumer electronics is increasing and is expected to grow at a faster rate than the other applications during the forecast period.

The report on surface mount technology market provides the details related to SMT equipment used for functions such as placement, inspection, soldering, screen printing, glue dispensing, and cleaning and repair & rework find their applications in various industries. In 2015, Fuji Machine Manufacturing Co., Ltd. collaborated with Speedline Technologies, Inc. (U.S.) and developed a strategic approach to market in Japan which helped them to offer the world’s best solutions in the PCB production industry. Request a sample of this report http://www.rnrmarketresearch.com/contacts/request-sample?rname=429537 .

One of the major growth drivers for the surface mount technology market is the miniaturization of electronics devices. Surface mount technology (SMT) plays a vital role in the PCB assembling process by allowing mounting of active and passive electronic components directly onto the surface of the PCB. SMT technique is used exclusively for manufacturing electronic circuit boards as they are small in size and offer a better level of performance. In the manufacturing process, SMT equipment is used for functions such as placement, inspection, soldering, screen printing, glue dispensing, and cleaning. These are classified based on the required volume of manufacturing: low to medium, medium to large, and very large.

Fuji Machine Manufacturing Co., Ltd. is one of the leading manufacturers of SMT machines in terms of maintaining accuracy and quality of SMD devices. The company operates through the electronics assembly equipment and machine tools and others segments. Electronics assembly equipment include placement platforms and multi-purpose mounters, intelligent and compact screen printers, and high-precision screen printers, modular type multi-purpose automated fabrication machines.

The key players involved in the surface mount technology market include Nordson Corporation (U.S.), Mycronic AB (Sweden), Fuji Machine Manufacturing Co., Ltd. (Japan), Electro Scientific Industries Inc. (U.S.), and Orbotech Ltd. (Israel), Hitachi High Technologies Corporation (Japan), Viscom AG (Germany), Juki Corporation (Japan), CyberOptics Corporation (U.S.), and ASM Assembly Systems GmbH & Co. KG (Germany). Make an Inquiry on “Surface Mount Technology Market by Equipment (Soldering, Screen Print, Placement, Inspection, Cleaning, Repair & Rework), by Application (Automotive, Consumer Electronics, Telecommunication, Medical), and Region - Global Forecast to 2020” research report at http://www.rnrmarketresearch.com/contacts/inquire-before-buying?rname=429537 .

On a related note, another research titled Surface Computing Market Global Forecast to 2020 says, Europe accounted for a second largest market share of ~36% in 2014. It was followed by Asia-Pacific which accounted for the third largest market share of ~17% in 2014 and is expected to grow at a CAGR of ~42% between 2015 and 2020. Companies like Microsoft Corp. (U.S.), Apple, Inc. (U.S.), Planar Systems Inc. (U.S.), 3M Co. (U.S.), Vertigo Systems GmbH (Germany), Touchmagix Media Private Limited (India), Nvision solutions Inc. (U.S.), EyeFactive GmbH (Germany), SensyTouch , Inc. (U.S.), and Ideum Inc. (U.S.) have been profiled in this 162 pages research report available at http://www.rnrmarketresearch.com/surface-computing-market-by-type-flat-and-curved-display-vision-two-and-three-dimensional-application-automotive-education-entertainment-financial-services-government-healthcare-hospitality-and-retail-and-by-region-global-for-market-report.html .

Explore more reports on Electronics market at http://www.rnrmarketresearch.com/reports/information-technology-telecommunication/electronics .

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