A new market study, titled “Global Surface Mount Technology Equipment Market Size, Status and Forecast 2022” has been featured on Market Research Future. According to researchers, demand for the global market will expand to a noticeable CAGR of 8% over the period. These market research studies intend to predict market size and future growth potential across sectors such as suppliers, industries and regions. This research report also combines industry-wide statistically relevant quantitative data and relevant and insightful qualitative analysis. Analysts have used primary as well as secondary information about the Surface Mount Technology Equipment market in order to provide a detailed look into the market’s movement.
The global Surface Mount Technology Equipment Market is on an upward growth trajectory
and is anticipated to reach USD 4 Billion by the end of the forecast period of
2016-2022. The market
has been observing persistent growth on account of the ever increasing demand
for smart gadgets and need for miniaturization of products and higher accuracy.
Rapid replacement of the traditional through-hole method by surface mount
technology is a growing trend in various countries which is propelling the
market growth. Surface
mount technology equipment finds its application over different industry verticals
which include automotive, consumer electronics, healthcare, aerospace, and
others which boosts the market growth primarily. Also escalating need for printed circuit
boards in smartphones and the smart card industry reflects positively on the
growth of the market.
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Top Companies profiled in surface mount technology equipment Market Research Report includes: CyberOptics Corporation (U.S.), Mycronic AB (Sweden), Nordson Corporation (U.S.), Orbotech Ltd. (Israel), Fuji Machine Manufacturing Co., Ltd.(Japan), Assembly Systems (Germany), and Hitachi High-Technologies Corporation (Japan).
Segmentation
The global surface mount technology market has been segmented
based on equipment, end user industries, and components.
1.
By equipment, the market has been segmented into Pick and place,
Coating equipment, Solder equipment, Cleaning agents, and Rework and repair
equipment.
2.
By end use industries, the market has been segmented into
telecommunication, consumer electronics, automotive and medical.
3. By components, the market has been segmented into passive surface mount devices, transistor & diodes, and integrated circuits.
Regional Analysis:
The global surface mount technology equipment market spans across
the regions of Asia Pacific, North America, Europe and Rest of the World. Asia
Pacific is at the forefront of the global market. Countries such as China,
India, and Japan are leading the market owing to the abundance of skilled labor
in the region and the growing penetration of high tech devices which require
miniaturization.
Major highlights of this
research report:
·
In-depth analysis of the degree of competition across the globe.
·
Estimation of Surface mount technology equipment Market values and
volumes.
·
Surface mount technology equipment Market analysis through industry
analysis tools such as SWOT and Porter’s five analysis.
·
Detailed elaboration on global market value, volume, and penetration.
·
Surface mount technology equipment Market growth projections.
·
Detailed description on development policies and plans.
· Analytical study on drivers, restraints, opportunities, hindrances, inadequacies, challenges and strengths.
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