Asia-Pacific Region Leads Growth in Surface Mount Technology (SMT) Market
The report "Surface Mount Technology (SMT) Market by Equipment (Placement, Inspection, Soldering, Screen Printing Equipment, Cleaning Equipment, Repair & Rework Equipment), Component, Service, End User and Geography - Global Forecast to 2028"
Surface Mount Technology refers to a method of assembling electronic components on printed circuit boards (PCBs) without the use of through-hole components. This technology offers a number of advantages over traditional methods of PCB assembly, including smaller component sizes, faster assembly times, and higher component density.
The growing demand for electrical devices that are smaller and more effective is one of the main factors driving the SMT market. Manufacturers are looking for ways to boost efficiency and shrink component size as consumers continue to want smaller, more potent products. Manufacturers are able to accomplish these objectives thanks to SMT technology, which reduces component size while improving PCB component density.
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=99662691
In addition, the increasing demand for high-speed and high-performance electronic devices is driving the growth of the SMT market. SMT technology offers faster assembly times and more precise component placement, enabling manufacturers to produce higher quality and more efficient electronic devices.
The introduction of SMT technology has allowed manufacturers to develop smaller and more effective electronic components for use in a variety of applications, which is one of the main reasons why the automotive and industrial sectors are important drivers of the SMT market.
The SMT market does have some difficulties, though. One of the major challenges facing the industry is the increasing complexity of electronic devices. Manufacturers must make investments in new machinery and technology as the demand for more accurate and sophisticated assembly procedures rises as devices become more complicated.
The report profiles key players in the surface mount technology (SMT) market and analyzes their market shares. Players profiled in this report are Fuji Corporation (Japan), Mycronic AB (Sweden), Nordson Corporation (US), Viscom AG (Germany), KLA Corporation (US), Juki Corporation (Japan), Hitachi High-Technologies Corporation (Japan), ASM Assembly Systems (Germany), Yamaha Motor (Japan), and Saki Corporation (Japan) are some major players.
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
No comments: