Surface Mount Technology Market by Equipment , and Geography - Global Forecast to 2022

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MarketsandMarkets Presents
Surface Mount Technology Market by Equipment
(Placement, Inspection, Soldering, Screen
Printing, Cleaning, Repair Rework), Application
(Consumer Electronics, Automotive, Aerospace
Defense), and Geography - Global Forecast to
2022 The surface mount technology market was
valued at USD 3.24 Billion in 2016 and is
expected to grow at a CAGR of 8.9 between 2017
and 2022
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MarketsandMarkets Presents
Surface mount technology market for inspection
equipment expected to grow at the highest rate
between 2017 and 2022 Placement defects can
occur both before and after reflow. Thus,
inspection equipment plays a vital role in the
SMT manufacturing industry. The SMT inspection
equipment market is driven by the improving
product technology, responsiveness, reliability,
and quality of inspection. Download PDF Brochure
_at_ https//www.marketsandmarkets.com/pdfdownloadNe
w.asp?id99662691 The increasing need for this
equipment in telecom, automotive, consumer
electronics, and computing storage is expected
to drive its demand during the forecast period.
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MarketsandMarkets Presents
The market for automotive is expected to grow at
the second-highest rate during the forecast
period The demand for SMT devices has increased
due to their ability to meet the needs of the
critical systems in the automotive industry with
zero defects. The number of electric components
used in an electric vehicle is more as compared
with any conventional fuel combustion vehicle as
former has an electric motor, battery, and other
complex connections to ensure optimum utilization
of power. Owing to the critical role of
electrical components in these electrical
vehicles, surface mount devices are used as they
are lighter in weight, occupy less space, and are
safe and durable over a longer period of time.
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MarketsandMarkets Presents
North America expected to hold the
second-largest share of the surface mount
technology market during the forecast
period There has been an increasing demand for
mobile and internet-connected devices, including
smartphones and tablets, in North America. The
demand for digital video content has also driven
the production of a range of high-performance
internet-connected devices and other similar
technologies, which have further fuelled the
growth of the overall semiconductor industry.
Various associations such as Global
Semiconductor Alliance (GSA) (U.S.), Surface
Mount Technology Association (SMTA) (U.S.), and
Electronics Components Industry Association
(ECIA) (U.S.) are working toward the advancement
and growth of microelectronics and packaging in
the U.S. North America is the second-largest
market for consumer electronics and one of the
largest markets for electric vehicles. This is
expected to drive the growth of the surface mount
technology market in North America.
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MarketsandMarkets Presents
The major players involved in the surface mount
technology market are ASM Assembly Systems GmbH
Co. KG (Germany), CyberOptics Corporation (U.S.),
Electro Scientific Industries Inc. (Oregon), Fuji
Machine Manufacturing Co., Ltd.(Japan), Hitachi
High-Technologies Corporation (Japan), Juki
Corporation (Japan), Mycronic AB (Sweden),
Nordson Corporation (U.S.), Orbotech Ltd.
(Israel), and Viscom AG (Germany). Read More _at_
https//www.marketsandmarkets.com/PressReleases/s
urface-mount-technology.asp
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