SMT Market to Reach $4 Billion by 2022

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According to Market Search Future, the global surface mount (SMT) technology market is expected to grow at $ ~4 Billion by 2022, at ~8% of CAGR between 2019 and 2022. The global surface mount technology equipment market is on an upward growth trajectory and is expected to reach $4 billion by the end of the forecast period of 2019-2022, reveals Market Research Future (MRFR) in a minutely analyzed research report.

What is SMT?

Surface mount technology is a technique of producing electronic circuits by mounting the components onto the printed circuit board (PCB) without drilling any hole on the PCB. The components have small metal tabs that are soldered to the PCB.

Benefits of SMT

Benefits of surface mount technology can be given as the surface mount technology components are smaller in size; they have higher component density and can be placed on both sides of the printed circuit board. Surface mount technology components consist of passive surface mount devices, transistor & diodes and integrated circuits. These components have lower initial costs. But surface mount technology also has a few drawbacks as repair is more difficult and the components cannot be directly used on a breadboard.

SMT Market Key Players

The notable players in the global surface mount technology market include:

• CyberOptics Corporation (U.S.)
• Mycronic AB (Sweden)
• Nordson Corporation (U.S.)
• Orbotech Ltd. (Israel)
• Fuji Machine Manufacturing Co., Ltd.(Japan)
• Hitachi High-Technologies Corporation (Japan).
• NeoDen Technology Co.,Ltd (China and U.S.)
• SMT Market Segmentation

The global surface mount technology market has been segmented based on equipment, end user industries, and components. By equipment, the market has been segmented into pick and place, coating equipment, solder equipment, cleaning agents, rework & repair equipment.

By end use industries, the market has been segmented into telecommunication, consumer electronics, automotive and medical. By components, the market has been segmented into passive surface mount devices, transistors, diodes & integrated circuits.

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