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11-Mar-2015

Global Industry Analysts: PCBs drive the SMT equipment market

The global market for Surface Mount Technology equipment (SMT) is projected to reach US$4.5 billion by 2020, driven by the strong demand for electronic products and the ensuing increase in production of Printed Circuit Boards (PCBs).

The global market for Surface Mount Technology (SMT) equipment is driven by the telecommunications, computing and consumer appliances sectors, all of which are prolific users of Printed Circuit Boards (PCBs). PCBs are vital components of the omnipresent IC chip technology present in virtually all modern electronic devices.

SMT today plays a vital role in the PCB assembling process by enabling mounting of active and passive electronic components directly onto the surface of PCBs. Over the years, SMT equipment has contributed significantly towards simplifying PCB assembly operations, and enabling mass production of electronic devices.

Future growth in the market is forecast to come from emerging opportunities in automotive electronics, medical device electronics, aerospace, defense and military electronics. Adoption of advanced SMT equipment will be driven by the shifting focus of end-use markets from defect detection to defect prevention. The scenario is also creating lucrative opportunities for sophisticated SMT placement and inspection equipment.

Demand for SMT inspection equipment is driven by the need to reduce resource wastages stemming from manufacturing defects, improve manufacturing processes, reduce associated costs, increase yield and enhance margins. Rising demand for light emitting diodes (LED) technology is also fuelling demand for SMT equipment. Encouraged by the growing popularity of LEDs, SMT equipment manufacturers are planning production capacity additions to accommodate the increasing demand from commercial and consumer electronics sectors.

As stated by the new market research report on Surface Mount Technology (SMT) Equipment, Asia-Pacific represents the single largest market worldwide. The region is forecast to emerge as the fastest growing market with a CAGR of 7.9% over the analysis period led by robust pace of industrialization, and growth in consumer and automotive electronics.

SMT placement equipment represents the largest product market supported by the miniaturization trend and the resulting need for higher accuracy in the placement of semiconductor active components such as transistors and diodes, among others.

In the SMT Inspection Systems market, Automatic X-Ray Inspection (AXI) Equipment and Automatic Optical Inspection (AOI) Equipment are expected to witness strong growth. AXI equipment is expected to benefit from the integration of computer tomography and intuitive programming.

More information:
www.strategyr.com

 
 
 
 
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