Press Release / Technology / Some of the Major Growth Strategies Followed by Key Players in the Surface Mount Technology Equipment Market
Some of the Major Growth Strategies Followed by Key Players in the Surface Mount Technology Equipment Market
By mandar on January 18 2019 | 283 Views
Surface Mount Technology Equipment Market, By Equipment (Pick and Place, Coating Equipment, Solder Equipment, Cleaning Agents, Rework and Repair Equipment), By End-User Industries (Telecommunication,
Surface Mount Technology Equipment Market growing at exponential compound annual growth rate by forecast period of 2018 to 2023. The Surface Mount Technology Equipment Market is growing rapidly over 8% of CAGR and is expected to reach at USD ~4 billion by the end of forecast period.
The prominent players in the Surface Mount Technology Equipment market are –CyberOptics Corporation (U.S.), Fuji Machine Manufacturing Co., Ltd.(Japan), Mycronic AB (Sweden), Assembly Systems (Germany), Nordson Corporation (U.S.), Hitachi High-Technologies Corporation (Japan), and Orbotech Ltd. (Israel)
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Market Highlights:
In this rapidly changing environment, technology needs are ever increasing. Many countries are replacing their traditional approach of through-hole method by surface mount technology. The market trend towards the higher requirement of miniaturization has increased the surface mount technology market.
It has been observed from company reports that use surface mount technology equipment has resulted in increase of system sales in the recent years. This observation is being reported by Cyber Optics Corporation in their fourth quarter. Cyber Optics Corporation report says that the system sales has increased 57% year-over-year showing vigorous demand for their entire line of SMT inspection systems. The growing production of electronics hardware devices has led to a significant increase in Surface Mount Technology market. Whereas the higher costs of the Surface Mount Technology devices are restraining the surface mount technology market.
The Surface Mount Technology Equipment Market is growing rapidly over 8% of CAGR and is expected to reach at USD ~4 billion by the end of forecast period. Cost reduction, high efficiency in the process and ability to provide the overall information and initiate early stage development for the products are the major driving factors of this market.
Study Objectives of Industrial Automation Market:
To provide detailed analysis of the market structure along with forecast of the various segments and sub-segments of the Surface Mount Technology Equipment market.
To provide insights about factors affecting the market growth.
To analyze the Surface Mount Technology Equipment market based porter’s five force analysis etc.
To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia, and Rest of the World (ROW).
To provide country level analysis of the market with respect to the current market size and future prospective.
To provide country level analysis of the market for segment on the basis of equipment, components and end user.
To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market.
To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the Surface Mount Technology Equipment market.
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Segments:
Surface Mount Technology Equipment market by Equipment:
Pick and place
Coating equipment
Solder equipment
Cleaning agents
Rework and repair equipment
Surface Mount Technology Equipment market by end user industries:
Telecommunication
Consumer electronics
Automotive
Medical
Surface Mount Technology Equipment market by Components:
Passive surface mount devices
Transistor & diodes
Integrated circuits
Regional Analysis:
The regional analysis of Surface Mount Technology is being studied for region such as Asia pacific, North America, Europe and Rest of the World. It has been observed that Asia-Pacific region is dominated in Surface Mount Technology market followed by Latin America.
Asia – Pacific countries like China, India and Japan are ahead in the Surface Mount Technology market due to the higher availability of skilled labor and increasing penetration of high tech devices which require miniaturization. Countries like India and China with high population results in increasing consumer electronics demand which gives a booster to the use of Surface Mount Technology market.
Intended Audience
Technology investors
Original equipment manufacturers (OEMs)
Smart grid integrators
Surface mount component device distributors and providers
Research/Consultancy firms
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