Global Surface Mount Technology Market accounted for USD 3.15 billion in 2016 growing at a CAGR of 9.2% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic year 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
Surface mount technology is a method of manufacturing electronic circuits in which the electronic components can be directly mounted onto the printed circuit board (PCB). This technology has led to deliver improved performance, automated pick and place during assembly process, minimum error, and less time consumption
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Major Market Drivers & Restraints:
- Increased demand for reduced operational costs and increased efficiency
- Growing adoption of miniaturized consumer electronics products
- Increasing awareness about reducing time-to-market
Company Share Analysis:
The report for global surface mount technology market include detailed vendor level analysis for market shares in 2016 for Global, North America, Europe, Asia Pacific, Middle East and Africa and South America specifically.
Major Market Competitors:
Some of the major players of the global surface mount technology market are Ohmite Manufacturing Co., Applied Image, Inc., KBC Electronics, Inc., ASM Assembly Systems GmbH & Co. KG, Nikon Metrology NV Tioga Limited, Allen Organ Company LLC, Panasonic Corporation, among others.
On the basis of component
- Passive Surface-Mount Devices
- Transistor & Diodes
- Integrated Circuits
On the basis of geography, the global surface mount technology market report covers data points for 28 countries across multiple geographies such as
- North America
- South America
On the basis of industry
- Consumer Electronics
- Aerospace & Defence
On the basis of equipment
On the basis of operation
- Test & Prototype
- Supply Chain Services
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