How big is the Surface Mount Technology Market?

The Surface Mount Technology Market size is expected to reach USD 6.14 billion in 2024 and grow at a CAGR of 7.60% to reach USD 8.87 billion by 2029. Read More

What is the current Surface Mount Technology Market size?

In 2024, the Surface Mount Technology Market size is expected to reach USD 6.14 billion. Read More

Who are the key players in Surface Mount Technology Market?

Fuji Corporation, Yamaha Motor Co. Ltd, Mycronic AB, ASMPT and Panasonic Corporation are the major companies operating in the Surface Mount Technology Market. Read More

Which is the fastest growing region in Surface Mount Technology Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Surface Mount Technology Market?

In 2024, the Asia Pacific accounts for the largest market share in Surface Mount Technology Market. Read More

What years does this Surface Mount Technology Market cover, and what was the market size in 2023?

In 2023, the Surface Mount Technology Market size was estimated at USD 5.67 billion. The report covers the Surface Mount Technology Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Surface Mount Technology Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Surface Mount Technology Market - SMT

Surface Mount Technology Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Report Covers Surface Mount Technology (SMT) Equipment Market Share & Analysis. It is Segmented by Component (Passive Components (Resistors, Capacitors), Active Components (Transistors, Integrated Circuits)), End-User Industry (Consumer Electronics, Automotive, Industrial Electronics, Aerospace and Defense, Healthcare, and Other End-User Industries), and Geography (North America, Europe, Asia-Pacific, and the Rest of the World). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

Surface Mount Technology (SMT) Industry Overview

Surface Mount Technology market is highly fragmented due to the presence of both global players and small and medium-sized enterprises. Some of the major players in the market are Fuji Corporation, Yamaha Motor Co. Ltd, Mycronic AB, ASMPT, and Panasonic Corporation. Players in the market are adopting partnerships and acquisitions to enhance their product offerings and gain competitive advantage.

• March 2024 - Nordson Corporation introduced a new Latin America Tech Center based in Queretaro, Mexico, to allow manufacturers in the region to get timely feedback on the best fluid dispensing equipment for their assembly fluid, parts, substrates, and production requirements. The lab has a 3D printer, scales, and other measurement equipment to determine the correct fluid dispensing equipment for each customer’s unique application requirements.

• January 2024 - Yamaha Motor Co. Ltd announced the launch of YRM10, a surface mounter with the title of being the fastest in its class regarding mounting performance. With an impressive speed of 52,000 CPH, it outshines its competitors in the 1-Beam/1-Head category. This device is compact and space-saving and offers a range of component compatibility and versatility, making it a next-generation solution for high-speed modular assembly.