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Surface Mount Technology Market Share

Report ID: GMI6028
Published Date: Jun 2023
Report Format: PDF

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Surface Mount Technology Market Share

Some of the major players operating in the surface mount technology market are :

ASM Assembly Systems GmbH & Co. KG
Fuji Machine Manufacturing Co., Ltd.
Panasonic Corporation
Juki Corporation
Universal Instruments Corporation
Mycronic AB
Yamaha Motor Co., Ltd.
Europlacer
Hanwha Precision Machinery Co., Ltd.
Nordson Corporation
Evest Corporation
EKRA Automatisierungssysteme GmbH
Essemtec AG
NeoDen Technology Co., Ltd.
GKG Precision Machine Co., Ltd.

Authors: Suraj Gujar , Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

The Market size for surface mount technology was valued at over USD 5.8 billion in 2022 and will grow at a CAGR of over 8% between 2023 and 2032 owing to the expanding industrial and manufacturing sectors, along with increasing demand for smaller & lighter electronic devices.

The SMT market share from automotive segment is expected to register a CAGR of 11% through 2032, backed by the rising integration of electronics into automotives for increased safety, connectivity, and infotainment systems, as well as preference for electric vehicles.

Asia Pacific held over 35% share in the global Surface Mount Technology (SMT) market in 2022. The strong presence of electronics manufacturers in the region, along with high demand for smartphones, tablets, TVs, game consoles, and other electronic devices is favoring the regional industry growth.

ASM Assembly Systems GmbH & Co. KG, Fuji Machine Manufacturing Co., Ltd., Panasonic Corporation, Juki Corporation, Nordson Corporation, Evest Corporation, EKRA Automatisierungssysteme GmbH, Essemtec AG, NeoDen Technology Co., Ltd., and GKG Precision Machine Co., Ltd. among others.