Report Code: A08877 | Pages: NA | Mar 2023 | 2932 Views | ||
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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).
COVID-19 scenario Analysis:Â
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:
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.Â
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. Â
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.
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Questions answered in the surface mount technology market research report:
Surface Mount Technology Market Report Highlights
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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) |
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