Surface Mount Technology Equipment Market - Top Players Focus on Development and Improvement to Outsmart Competitors 2025

Global Surface Mount Technology Equipment Market: Overview

The global surface mount technology equipment market has risen as an alternative to thru-hole technology, the conventional method of constructing electronic circuits. Devices made using surface mount technology comprise of components placed on top of the printed circuit boards. This provides a significant cost advantage as compared to thru-hole technology, which has driven widespread adoption of surface mount technology in a wide spectrum of sectors. The rising awareness about the benefits presented by the technology are likely to drive sustained demand from the global surface mount technology equipment market in the coming years.

The global surface mount technology equipment market is segmented by application into the automotive, consumer electronics, aerospace and defense, and healthcare sectors, and industrial use. The consumer electronics industry is likely to remain a leading consumer of surface mount technology equipment in the coming years, along with the automotive industry, which is also expected to account for a significant share in the global surface mount technology equipment market.

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Global Surface Mount Technology Equipment Market: Key Trends

The global surface mount technology equipment market is propelled by the rising preference given to low price over product quality by manufacturers. Due to the intense competition in electronic circuit design, the better build quality afforded by thru-hole technology now comes at too high a price for many manufacturers. As a result, the cheaper surface mount technology is becoming popular and is likely to dominate the electronic circuit design sector in the coming years. The simplicity afforded by surface mount technology is also becoming a valued trait in the manufacturing sector.

The steady expansion of the global consumer electronics industry is the key driver for the global surface mount technology market. The constant competition in the consumer electronics industry has made surface mount technology vital, while the booming demand for consumer electronics in emerging countries has provided a steady sales outlet for the global surface mount technology equipment market.

Rising demand from the healthcare sector is likely to play a key role in the growth of the global surface mount technology equipment market. The precision afforded by the increasing use of electronic equipment has indirectly made the healthcare sector a key consumer of surface mount technology and is thus likely to remain a key outlet for the global surface mount technology equipment market in the coming years. The rising use of automated tools in the healthcare sector is another influential factor for the surface mount technology equipment market. The rising demand for robotic surgery technology is thus likely to remain a key driver for the global surface mount technology equipment market.

Global Surface Mount Technology Equipment Market: Geographical Outlook

The global surface mount technology equipment market is dominated by Asia Pacific, followed by North America. The rising prominence of Asian companies in the global electronics sector is the key factor responsible for the emphatic dominance of Asia Pacific in the global surface mount technology equipment market. Rising economies such as South Korea, Japan, India, Thailand, Indonesia, and China are vital to the global surface mount technology equipment market, as they are leading producers as well as crucial consumers of consumer electronics and advanced healthcare equipment.

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Global Surface Mount Technology Equipment Market: Competitive Dynamics

The report profiles leading players in the global surface mount technology equipment market in order to shed light on the competitive dynamics of the market. Key players in the surface mount technology equipment market include Nordson Corporation, KLA-Tencor Corporation, ASML Holding N.V., Panasonic Corporation, Orbotech Ltd., and Viscom AG.

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