New Trend In Surface Mount Technology Market worth 4,730.5 Million USD by 2020

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MarketsandMarkets Presents
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  The surface mount technology
market is expected to be worth USD 4,730.5
Million by 2020 at an estimated CAGR of 9.84.
Increasing electronic manufacturing activity,
rising demand miniaturization of components, and
growth in consumer electronics is fostering the
growth of the SMT market.
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The SMT placement equipment segment accounted for
the largest market share of 46 in 2014. This
market is expected to grow at a CAGR of 8.97
between 2015 and 2020. SMT placement equipment
represents the largest product market driven by
the miniaturization trend, which has resulted in
need for higher accuracy in the placement of
semiconductor active components such as
transistors and diodes among others. Moreover,
the surface mount technology market for placement
equipment is benefiting from rise in product
innovation and component miniaturization for
smartphones and tablets. Sample pages of the
Report http//www.marketsandmarkets.com/requests
ample.asp?id99662691 To estimate the size of
the surface mount technology market, we have been
considered top players in the market and their
share in the said market. This entire research
methodology includes the study of annual and
financial reports of top players, presentations,
press releases, journals, paid databases, and
interviews with industry experts. All the
percentage splits and segment breakdown of the
market is based on secondary research and primary
research.
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The SMT market in APAC accounted for the largest
share of 52 in 2014 and is expected to grow at
a high CAGR of 11.01 between 2015 and 2020. The
reason for this growth is increasing electronic
manufacturing activity, rising demand
miniaturization of components, and growth in
consumer and automotive electronics are driving
the surface mount technology market in the APAC
region. An increase in manufacturing activities
combined with the regions emergence as a
cost-effective production hub is expected to
drive the surface mount technology market in this
region. Report Information http//www.marketsa
ndmarkets.com/Market-Reports/surface-mount-technol
ogy-market-99662691.html The key players in this
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) and Viscom
AG (Germany), Juki Corporation (Japan),
CyberOptics Corporation (U.S.), and ASM Assembly
Systems GmbH Co. KG (Germany).
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