Upcoming Allied Market Research
Surface Mount Technology Market

Surface Mount Technology Market

by Equipment (Placement, Inspection, Coating Equipment, Solder Equipment, Cleaning Agents, Rework, and Repair Equipment), Industry Vertical (Telecommunication, Consumer electronics, Automotive, Aerospace & Defense, and Healthcare), and Component (Transistor & Diodes, and Integrated Circuits): Global Opportunity Analysis and Industry Forecast, 2021-2027

Report Code: A08877
Pages: NA
Mar 2023 | 2932 Views
Author(s) : NA
Tables: NA
Charts: NA
  • Formats*:

  • Single User License, Five User
    License & Enterprise User License

  • Data Pack Excel License

  • It comes with the additional cost
    of $2500.00 contact sales.



Pandemic disrupted the entire world and affected many industries.

Get detailed COVID-19 impact analysis on the Surface Mount Technology Market

Request Now !

Surface-mount technology (SMT) is a method by which electrical components are mounted directly on the surface of a printed circuit board (PCB). An electronic device made using surface mount technology is called a surface mount device. This technology varies significantly from traditional soldering thru-hole technology. SMT uses relatively different soldering equipment and principles that provide more electrical conductivity and reliability in comparison to thru-hole soldering. SMT is currently the most commonly used method for consumer electronic assemblies, which are low-cost and high-production. Components of surface mount technology consists of passive surface mount devices, transistors & diodes, and integrated circuits. The initial costs are lower for these materials. Their applications provide better mechanical efficiency under conditions of shock and vibration (partly due to lower mass and partly due to less cantilevering).

Surface Mount Technology Market

COVID-19 scenario Analysis: 

  • Global surface mount technology market has been significantly impacted by the COVID-19 outbreak. New projects throughout the world have stalled, which, in turn, have led to decline in demand for analog semiconductors. 
  • Global factories have struggled to integrate new surface mount technologies as workers have stayed in their homes, which disrupted the global supply chains. 
  • The impact of COVID-19 on this market is temporary as just the production and supply chain is stalled. Once the situation improves, production, supply chains, and demand for surface mount technologies are gradually going to increase.  
  • This COVID-19 lockdown would help companies think about more advanced surface mount technologies to enhance efficiency.

Top impacting factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis

High demand for surface mount technology is expected to rise rapidly, due to growing the electronics industry, increasing the mass production of electronics devices, increasing usage of flexible materials printed circuit boards, and the trend of miniaturization and need for electrical and mechanical components mounting. In addition, the high costs of surface mounting equipment system are expected to restrict the market growth during the forecast period. Surface mount technology is unsuitable for high-power or high-voltage parts such as power circuitry.

The global surface mount technology market trends are as follows:

Consumer electronics segment to have the largest market share

The consumer electronics application segment is expected to hold the largest surface mount technology market share, due to high development which is responsible for the reduced size and weight of consumer electronics devices is the inclusion in these applications of surface mount technology. Surface mounted components are smaller, thinner and lighter than through-hole packages that use more space and power, and contribute significantly to the product's total weight. 

Asia-Pacific to account for the largest size, with the highest CAGR during the forecast period

Rise in wireless communication standards and increase in demand for 3G/4 G networks boost demand for SMT in this region's telecommunication sector. China is one of the world's fastest-growing economies and its SMT market is expected to expand, mainly owing to large number of SMT manufacturing companies. The surface mount technology market growth is also driven by rise of electric vehicles in the automotive industry of Asia-Pacific. Companies operating in the market employ many growth strategies such as new product releases and innovations, alliances, partnerships, collaborations and acquisitions to gain a competitive edge and extend their distribution networks.  

The surface mount technology market is also expected to rise in the near future, due to the increased demand for LED lighting. The LEDs have become an alternative source of light to traditional fluorescent and incandescent bulbs. LED lighting's lifetime and electrical efficiency is much higher than incandescent lamps, and they're much more effective than fluorescent bulbs. The electronics manufacturing industry is reaping the benefits of LED features such as small size and low power consumption are more cost-effective than conventional lighting sources and results in high-quality LED system by implementation of automated SMT assembly of LED components.

Key benefits of the report:

  • This study presents the analytical depiction of the global surface mount technology industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global surface mount technology market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the global surface mount technology market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed global surface mount technology market analysis based on competitive intensity and how the competition will take shape in coming years. 

Questions answered in the surface mount technology market research report:

  • Which are the leading market players active in the surface mount technology market?
  • What would be the detailed impact of COVID-19 on the market?
  • What current trends would influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the surface mount technology market?
  • What are the projections for the future that would help in taking further strategic steps?

Surface Mount Technology Market Report Highlights

Aspects Details
By Equipment
  • Placement
  • Inspection
  • Coating Equipment
  • Solder Equipment
  • Cleaning Agents
  • Rework and Repair Equipment
By Industry Vertical
  • Telecommunication
  • Consumer electronics
  • Automotive
  • Aerospace & Defense
  • Healthcare
By Components
  • Transistor & Diodes
  • Integrated Circuits
By Region
  • North America  (U.S., Canada)
  • Europe  (France, Germany, UK, Italy, Spain, Rest of Europe)
  • Asia-Pacific  (China, India, Japan, South Korea, Australia, Rest of Asia-Pacific)
  • LAMEA  (Latin America, Middle East, Africa)
Key Market Players ASM Assembly Systems GmbH & Co. KG (Germany), CyberOptics Corporation (U.S.), Electro Scientific Industries Inc. (Oregon), Fuji Machine Manufacturing Co., Ltd.(Japan), Hitachi High-Technologies Corporation (Japan), Juki Corporation (Japan), Mycronic AB (Sweden), Nordson Corporation (U.S.), Orbotech Ltd. (Israel), Viscom AG (Germany)

Loading Table Of Content...

With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

  • Consistent, valuable, robust and actionable data & analysis that can easily be referenced for strategic business planning
  • Technologically sophisticated and reliable insights through well audited and veracious research methodology
  • Sovereign research proceeds that present a tangible depiction of marketplace

With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, web-casts and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators and relevant press releases for market estimates and forecast

Primary research
Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develops analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth and forecasts

Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:

  • Chief executives and VPs of leading corporations specific to industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)

Analyst tools and models
AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.

Call or Email us

U.S.-Canada Toll-free: +1-800-792-5285
Int'l : +1-503-894-6022
Europe : + 44-845-528-1300
Email : help@alliedmarketresearch.com

Looking for Customization?

 Customization Request

Have a Question?

 Speak with Analyst

Any Confusion?

 Inquire Before Buying

Have a glance of the Report

  Enquiry Now

Purchase Full Report of
Surface Mount Technology Market

Start reading.
This Report and over 19,603+ more Reports, Available with Avenue Library. T&C*.

  • Online Only
  • $3,690
  • Online cloud access only
  • Restricted print, copy, paste & download
  • Read only
  • Free industry update
    (Within 180 days)
  • Free report update in next update cycle
  • Data Pack
  • $3,840
  • Restricted to one authorized user
  • One print only
  • Available in
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
  • Single User
  • $5,820
  • Restricted to one authorized user
  • One print only
  • Available in
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
  • Five Users
  • $6,540
  • Limited to five authorized users
  • Print upto five copies
  • Available in
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
  • Enterprise

  • $9,870
  • Unlimited
  • Available in Excel & PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
  • Library

  • $ 999
    Per User/ Per month/ Billed annually
  • Published Content
  • Company Profiles
  • Newly Added Content Access
  • 10 PDF
  • 5 Excel Data
    Pack Downloads
  • 250 Company Profiles PDF Downloads
  • Buy Now

*Taxes/Fees, if applicable will be added during checkout. All prices in USD


Why Allied Market Research?


Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction


On-demand customization of scope of the report to exactly meet your needs


Targeted market view to provide pertinent information and save time of readers

Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

Get Industry Data Alerts

Why Allied Market Research?

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction


On-demand customization of scope of the report to exactly meet your needs


Targeted market view to provide pertinent information and save time of readers