Surface Mount Technologies Market Report 2024 (Global Edition)

Global Surface Mount Technologies Market Report 2024 Market Size Split by Equipment (Inspection Equipment, Placement Equipment, Soldering Equipment, Screen Printing Equipment, Cleaning Equipment, Repa...

Surface Mount Technologies Market Report Description

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Surface Mount Technologies Market Insights Video

Competitive Landscape of the Surface Mount Technologies Market

The competitive landscape of the Surface Mount Technologies market is characterized by a diverse range of players competing to gain market share through product innovation, strategic partnerships, and aggressive marketing efforts. Key players in the market include established electronics manufacturers, specialized Surface Mount Technologies companies, and emerging start-ups aiming to disrupt the market with innovative solutions.

February 2023: Yamaha Motors has announced the introduction of the YRM20DL, a premium high-efficiency modular surface mounter that reduces transport losses by improving productivity per unit area when used with a two lane conveyor.. (Source: https://global.yamaha-motor.com/news/2023/0201/yrm.html)

Top Companies Market Share in Surface Mount Technologies Industry: (In no particular order of Rank)

• ASM Pacific Technology Ltd. (Hong Kong)
• Juki Corporation (Japan)
• Fuji Machine Manufacturing Co.
• Ltd. (Japan)
• Panasonic Corporation (Japan)
• Mycronic AB (Sweden)
• Nordson Corporation (US)
• Universal Instruments Corporation (US)
• Hitachi High-Technologies Corporation (Japan)
• Koh Young Technology Inc. (South Korea)
• Yamaha Motor Co.
• Ltd. (Japan)
• ASML Holding N.V. (Netherlands)
• Evest Corporation (Taiwan)
• Hanwha Corporation (South Korea)
• Omron Corporation (Japan)
• Nordson DAGE (UK)
• ITW EAE (US)
• Viscom AG (Germany)
• Europlacer Ltd. (UK)
• Saki Corporation (Japan)
• CyberOptics Corporation (US)
• Confidential Data
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Surface Mount Technologies Market

Which Region Dominates the Surface Mount Technologies Market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024. It accounted for around 40% of the global revenue. North America is experiencing a boom within the Surface Mount Technology (SMT) marketplace. The region's expansion is pushed with the aid of growing demand for smaller, extra-efficient digital gadgets across numerous sectors, including telecommunications, automotive, and healthcare. Advancements in technology and robust infrastructure help are further propelling this increase, positioning North America as a sizeable hub for SMT innovation and production.

Which Region is Expanding at the Fastest CAGR?

Europe stands out as the fastest-growing region in the Surface Mount Technologies market due to several compelling reasons. ? Europe is witnessing an increase inside the Surface Mount Technology (SMT) marketplace driven by way of improvements in industrial automation, telecommunications, and patron electronics. The place's emphasis on sustainability and innovation in production processes further boosts adoption. With a sturdy consciousness of research and improvement, coupled with strategic investments in generation, Europe is poised to amplify its footprint within the international SMT market.

The current report Scope analyzes Surface Mount Technologies Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Surface Mount Technologies Market

According to Cognitive Market Research, the global Surface Mount Technologies market size was estimated at USD 6124.2 Million, out of which North America held the major market of more than 40% of the global revenue with a market size of USD 2449.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.8% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Surface Mount Technologies market with a market size of USD 1932.80 million in 2024 and is projected to grow at a CAGR of 5.6% during the forecast period. The demand is amplified by the demand for smaller electronic devices.
• The Canada Surface Mount Technologies market had a market share of USD 293.96 million in 2024 and is projected to grow at a CAGR of 6.6% during the forecast period. Canada's growth in consumer electronics.
• The Mexico Surface Mount Technologies market is projected to witness growth at a CAGR of 6.3% during the forecast period, with a market size of USD 222.92 million in 2024.

Europe Surface Mount Technologies Market

According to Cognitive Market Research, the global Surface Mount Technologies market size was estimated at USD 6124.2 Million out of which Europe held the market of more than 30% of the global revenue with a market size of USD 1837.26 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.1% from 2024 to 2031.

• The United Kingdom Surface Mount Technologies market had a market share of USD 308.66 million in 2024 and is projected to grow at a CAGR of 6.9% during the forecast period. In the UK, Surface Mount Technologies sales witness an upswing due to the automotive industry advancements.
• The France Surface Mount Technologies market is projected to witness growth at a CAGR of 5.3% during the forecast period, with a market size of USD 169.03 million in 2024.
• According to Cognitive Market Research, the Germany Surface Mount Technologies market size was valued at USD 363.78 million in 2024 and is projected to grow at a CAGR of 6.3% during the forecast period. In Germany, Surface Mount Technologies sales surged due to IoT and smart devices proliferation.
• The Italy Surface Mount Technologies market is projected to witness growth at a CAGR of 5.5% during the forecast period, with a market size of USD 158.00 million in 2024.
• The Russia Surface Mount Technologies market is projected to witness growth at a CAGR of 5.1% during the forecast period, with a market size of USD 284.78 million in 2024.
• The Spain Surface Mount Technologies market is projected to witness growth at a CAGR of 5.2% during the forecast period with a market size of USD 150.66 million in 2024
• The Luxembourg Surface Mount Technologies market is projected to witness growth at a CAGR of 6.2% during the forecast period, with a market size of USD 56.96 million in 2024.
• The Portugal Surface Mount Technologies market is projected to witness growth at a CAGR of 5.9% during the forecast period, with a market size of USD 38.58 million in 2024.
• The Greece Surface Mount Technologies market is projected to witness growth at a CAGR of 6.4% during the forecast period, with a market size of USD 22.05 million in 2024.
• Rest of Europe's Surface Mount Technologies market is projected to witness growth at a CAGR of 4.8% during the forecast period, with a market size of USD 284.78 million in 2024.

Asia Pacific Surface Mount Technologies Market

According to Cognitive Market Research, the global Surface Mount Technologies market size was estimated at USD 6124.2 Million, out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD 1408.57 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.6% from 2024 to 2031.

• According to Cognitive Market Research, the China Surface Mount Technologies market size was valued at USD 633.85 million in 2024 and is projected to grow at a CAGR of 9.1% during the forecast period. Surface Mount Technologies sales surge in China due to the technological innovation.
• The Japan Surface Mount Technologies market is projected to witness growth at a CAGR of 8.1% during the forecast period, with a market size of USD 194.38 million in 2024.
• The India Surface Mount Technologies market had a market share of USD 169.03 million in 2024 and is projected to grow at a CAGR of 11.4% during the forecast period. India's miniaturization trend.
• The South Korea Surface Mount Technologies market is projected to witness growth at a CAGR of 8.7% during the forecast period, with a market size of USD 140.86 million in 2024.
• The Australia Surface Mount Technologies market is projected to witness growth at a CAGR of 9.3% during the forecast period, with a market size of USD 73.25 million in 2024.
• The South East Asia Surface Mount Technologies market is projected to witness growth at a CAGR of 10.6% during the forecast period, with a market size of USD 97.19 million in 2024.
• The Rest of Asia Pacific Surface Mount Technologies market is projected to witness growth at a CAGR of 9.4% during the forecast period, with a market size of USD 100.01 million in 2024.

South America Surface Mount Technologies

According to Cognitive Market Research, the global Surface Mount Technologies market size was estimated at USD 6124.2 Million out of which Latin America market of more than 5% of the global revenue with a market size of USD 306.21 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.0% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Surface Mount Technologies market size was valued at USD 131.06 million in 2024 and is projected to grow at a CAGR of 7.6% during the forecast period. Surface Mount Technologies sales flourish in Brazil due to the environmental regulations.
• Argentina Surface Mount Technologies market had a market share of USD 51.44 million in 2024 and is projected to grow at a CAGR of 7.9% during the forecast period. Argentina's aerospace and defense application.
• Colombia Surface Mount Technologies market is projected to witness growth at a CAGR of 6.8% during the forecast period with a market size of USD 27.25 million in 2024.
• Peru Surface Mount Technologies market is projected to witness growth at a CAGR of 7.2% during the forecast period with a market size of USD 25.11 million in 2024.
• Chile Surface Mount Technologies market is projected to witness growth at a CAGR of 7.3% during the forecast period with a market size of USD 22.05 million in 2024.
• The Rest of Latin America Surface Mount Technologies market is projected to witness growth at a CAGR of 6.1% during the forecast period, with a market size of USD 49.30 million in 2024.

Middle East and Africa Surface Mount Technologies Market

According to Cognitive Market Research, the global Surface Mount Technologies market size was estimated at USD 6124.2 Million, out of which the Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 122.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.3% from 2024 to 2031.

• The GCC Countries Surface Mount Technologies market is projected to witness growth at a CAGR of 8.1% during the forecast period with a market size of USD 52.42 million in 2024. Surface Mount Technologies sales flourish due to the increasing automation.
• The Egypt Surface Mount Technologies market is projected to witness growth at a CAGR of 7.6% during the forecast period, with a market size of USD 12.86 million in 2024.
• The South Africa Surface Mount Technologies market is projected to witness growth at a CAGR of 8.3% during the forecast period, with a market size of USD 19.35 million in 2024. Surface Mount Technologies sales flourish in South Africa due to supply chain efficiencies.
• The Turkey Surface Mount Technologies market is projected to witness growth at a CAGR of 6.8% during the forecast period, with a market size of USD 10.53 million in 2024.
• The Nigeria Surface Mount Technologies market is projected to witness growth at a CAGR of 6.4% during the forecast period, with a market size of USD 12.86 million in 2024.
• The Rest of MEA Surface Mount Technologies market is projected to witness growth at a CAGR of 6.3% during the forecast period, with a market size of USD 14.45 million in 2024.

Surface Mount Technologies Market Analysis

Surface Mount Technologies Market Equipment Segment Analysis

According to Cognitive Market Research, Inspection Equipment stands out as the dominating category. The market for inspection systems in Surface Mount Technology (SMT) is developing unexpectedly. As producers try for better first-rate and reliability in digital components and assemblies, the demand for superior inspection technologies together with computerized optical inspection (AOI), X-ray inspection, and solder paste inspection (SPI) structures is increasing. These structures ensure disorder-loose production and enhance production performance inside the SMT industry.

Placement Equipment emerges as the fastest-growing category in the Surface Mount Technologies market. The market for placement devices in Surface Mount Technology (SMT) is expanding substantially. With the increasing call for smaller, more complex electronic gadgets, there's a growing want for specific and efficient component placement on revealed circuit forums (PCBs). Advanced pick-out-and-location machines prepared with high-velocity competencies and enhanced accuracy are driving innovation and increase in the SMT placement device sector.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Surface Mount Technologies Industry. Request a Free Sample PDF!

Surface Mount Technologies Market Component Segment Analysis

According to Cognitive Market Research, the dominating category is Active Component. The active element section within the Surface Mount Technology (SMT) marketplace is experiencing a robust boom. Active additives, along with incorporated circuits (ICs), transistors, and diodes, are crucial for the capability and overall performance of electronic devices. The call for miniaturization, increased capability, and energy performance in electronics is using the adoption of advanced active components, thereby fueling an increase inside the SMT marketplace.

The fastest-growing category in the Surface Mount Technologies market is Passive Component. The passive thing section within the Surface Mount Technology (SMT) market is expanding because of the rising call for smaller, lighter, and greater efficient electronic devices. Passive components like resistors, capacitors, and inductors are essential for circuit capability and are increasingly integrated into compact PCB designs. This trend is using innovation and an increase in the SMT passive thing region globally.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Surface Mount Technologies Service Segment Analysis

According to Cognitive Market Research, the dominating category is Designing. The designing segment in the Surface Mount Technology (SMT) marketplace is growing as manufacturers attention on optimizing digital device overall performance and capability. Advanced layout software program permits efficient PCB format, element placement, and sign integrity evaluation, crucial for assembly miniaturization and performance dreams. This emphasis on innovative design solutions drives the adoption of SMT and helps the marketplace's growth globally.

The fastest-growing category in the Surface Mount Technologies market is Test & Prototype. The test and prototype segment inside the Surface Mount Technology (SMT) marketplace is increasing with increasing emphasis on great assurance and speedy prototyping. Advanced trying-out devices ensure the reliability and functionality of SMT additives and assemblies. Rapid prototyping competencies facilitate brief generation and refinement of designs, accelerating time-to-marketplace for electronic products. This increase is pushed via demand for excessive-performance and reliable electronic devices globally.

• Designing
• Test & Prototype
• Supply Chain Services
• Manufacturing
• Aftermarket Services

Surface Mount Technologies End User Industry Segment Analysis

According to Cognitive Market Research, the dominating category is Consumer Electronics. The purchaser electronics area is a giant driver of increase within the Surface Mount Technology (SMT) market. Increasing purchaser demand for smaller, extra efficient, and characteristic-wealthy gadgets, inclusive of smartphones, drugs, wearables, and clever home equipment, fuels the adoption of SMT. Manufacturers in this region rely upon SMT's potential to guide miniaturization and beautify product functionality using persistent innovation and marketplace enlargement.

The fastest-growing category in the Surface Mount Technologies market is Telecommunication. The telecommunications zone is experiencing a boom in the Surface Mount Technology (SMT) market due to increasing calls for excessive-speed connectivity and advanced network infrastructure. SMT allows the production of compact and efficient telecom systems along with routers, switches, base stations, and verbal exchange modules. This technology helps the industry's need for smaller shape factors, progressed performance, and quicker deployment of telecommunications solutions.

• Consumer Electronics
• Telecommunication
• Aerospace & Defence
• Automotive
• Medical
• Industrial
• Energy & Power Systems

Author's Detail

Kalyani Raje

Senior Research Analyst at Cognitive Market Research

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An optimistic Senior Research Analyst with years of experience in competitive assessment and business consulting. A seasoned professional and subject-matter expert (SME) in the Automobile & Transportation vertical.

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