The vendor landscape
of the global market for surface mount technology equipment is
largely consolidated, with the top five vendors, namely Fuji Machine
Mfg. Co., Ltd., Panasonic Corporation, Juki Corporation, Mycronic AB,
and Siplace, collectively accounting for a massive 93% of the overall
market in 2016, observes Transparency Market Research in a recent
report. In the stiffly competitive market, product innovation,
technological advancement, and focus on expansion across potential
high-growth regional markets are some of the key growth strategies
adopted by leading vendors to strengthen their hold and gain new
consumers.
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In December 2016,
Juki Corporation launched a new long-board SMT placement machine,
called the JX-350. The machine is said to have faster placement speed
and better component placing capability for LED manufacturing
industry. Earlier the same year, company had also introduced a new
packaging equipment capable of presenting a detailed all-surface
wafer defect review, inspection, and metrology, ensuring high
throughput.
Placement
Equipment to Account for Massive Chunk in Global Revenues
In terms of
equipment type, sales of SMT placement equipment account for a
massive chunk of the sales of all varieties of SMT equipment in the
global market. The segment accounted for a massive 35.7% of the
global market in 2016 and is expected to witness a rise in its share
in the global market by the end of the report’s forecast period. In
terms of geography, the Asia Pacific market is expected to remain the
leading regional market for SMT equipment. With a 42% of the global
market in 2016, the region holds a prominent position in the SMT
equipment market owing to the presence of large number of electronics
manufacturers and SMT equipment companies.
Rising Usage of
Flex Circuits in Electronic Devices Key to Market Development
The global market
for surface mount technology equipment is expected to benefit
significantly from the increased usage of flex circuits in wearable
devices and in mobile devices such as smart phones. Industries such
as medical, automotive, and telecommunications are also increasingly
adopting flex circuits for a number of applications. Benefits of flex
circuits such as improved signal quality, reduced wiring errors, and
improved electrical performance are allowing their increased adoption
in electronics components in these industries. Moreover, the rising
trend of miniaturization of electronics, while improving performance
and lowing cost of configuration are leading to the increased demand
for flex circuits, driving, in turn, the demand for SMT equipment.
The rising demand
for technologically advanced machines and devices in the medical and
defense industries is expected to drive the increased demand for SMT
X-ray and automatic inspection equipment. This is, in turn, expected
to lead to the enhanced usage of surface mounted technology equipment
in these application areas.
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Receding Profit
Margins owing to Intense Price-based Competition to Hinder Market
Growth
Rising price-based
competition, however, is expected to present vast operational
challenges for established players in the global SMT equipment
market. Emerging and high-growth potential regions such as Asia
Pacific are witnessing a surge in the number of local manufacturers
of SMT equipment. The provision of affordable SMT equipment by
domestic vendors is compelling international players to recue prices
of their offerings in order to sustain in the highly competitive
market. Leaving international vendors with fewer funds for R&D
activities owing to receding profit margins, cost reductions are
expected to have a notable negative impact on the overall development
of the market in the next few years.
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