According to a new market report by Lucintel, the future of the surface mount technology market looks promising with opportunities in the consumer electronics, telecommunication, aerospace & defense, automotive, medical, industrial, and energy & power system markets. The global surface mount technology market is expected to grow with a CAGR of 9% from 2021 to 2026. The major drivers for this market are growing demand for LED lighting, miniaturization of electronic devices, and growth in the telecom, automotive, & consumer electronics markets.
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In this market, different equipment types of surface mount technology, such as placement, inspection, soldering, screen printing, cleaning, repair & rework, are used in the consumer electronics, telecommunication, aerospace & defense, automotive, medical, industrial and energy & power system application segments.
Within the surface mount technology market, consumer electronics will remain the largest application segment during the forecast period due to increasing consumer demand for reduced size and weight of consumer electronics and low power consumption.
Asia Pacific will remain the largest region during the forecast period due to growing demand for 3G/4G networks, growing economies of developing countries, and increasing adoption of electric vehicles.
ASM Assembly Systems, Fuji Machine, Hitachi High Technologies, Allen Organ, Panasonic, CyberOptics, Juki, Nikon Metrology NV Tioga, and Omron Corporation are among the major surface mount technology manufacturers.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global surface mount technology market by equipment, application, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global Surface Mount Technology Market 2021-2026: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global surface mount technology market by equipment, application, and region as follows:
By Equipment [$M shipment analysis for 2015 – 2026]:
Placement
Inspection
Soldering
Screen Printing
Cleaning
Repair & Rework
Others
By Application [$M shipment analysis for 2015 – 2026]:
Consumer Electronics
Telecommunication
Aerospace & Defense
Automotive
Medical
Industrial
Energy & Power Systems
Others
By Region [$M shipment analysis for 2015 – 2026]:
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Asia Pacific
China
Japan
India
South Korea
The Rest of the World
This more than 150 page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. We offer market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.