Global Surface Mount Technology Equipment Market is Expected to Reach $6.21 billion by 2023

Report Sellers has added a new market research report “Surface Mount Technology Equipment - Global Market Outlook (2017-23)” to its offerings.

According to Report, Global Surface Mount Technology Equipment Market is estimated at $3.26 billion in 2016 and is expected to reach $6.21 billion by 2023 growing at a CAGR of 9.6% from 2016 to 2023. Factors such as rising acceptance of electric vehicles, growing demand for LED lighting, rising use of flexible materials printed circuit boards and rising usage of flex circuits in electronic devices are some factors propelling the market growth. In addition, government initiatives and useful application of the equipments across a number of end user industries are some of the factors anticipated to provide growth opportunities for the market. However, high investment cost of machinery for setting up production units and high cost of equipment are hindering the market growth.

Amongst equipments, placement equipment is anticipated to hold the major share in the overall market during the forecast period. The growth for this segment is mainly driven by the need for higher accuracy, product miniaturization, improved speed, and flexibility. By Application, consumer electronics held the largest market share which can be attributed to the growing miniaturization of electronic devices. Asia Pacific dominated the global market during the forecast period due to the booming electronic contract manufacturing into this region. Moreover, GDP growth and rising infrastructural improvement in this region offers great growth opportunities for the market.

Some of the key players in the market include Yamaha, Viscom AG, Panasonic, Orbotech Ltd.,Nordson Corporation, Mycronic AB, Juki Corporation, Hitachi High-Technologies Corporation, Fuji Machine Manufacturing Co., Ltd., Electro Scientific Industries, Inc., Cyberoptics Corporation, Assemblon, ASM Assembly Systems GmbH & Co. Kg, KLA-Tencor Corporation and Allen Organ Company LLC.

Browse through the complete description and in-depth TOC on “Global Surface Mount Technology Equipment Market”
https://www.reportsellers.com/market-research-report/Surface-Mount-Technology-Equipment---Global-Market-Outlook-2017-2023         

What does the Report Offers

Market share assessments for the regional and country level segments
Market share analysis of the top industry players
Strategic recommendations for the new entrants
Strategic recommendations in key business segments based on the market estimations
Competitive landscaping mapping the key common trends

Report Scope

Global Surface Mount Technology Equipment Market has been segmented by equipments covered, components covered, applications covered, services covered and regions covered

Equipments Covered:
Soldering Equipment 
o Reflow Oven 
o Wave Oven 
Placement Equipment 
o Based on Type 
o Based on Speed 
Inspection Equipment 
o X-Ray Inspection Equipment 
o Optical Inspection Equipment 
o Laser Inspection Equipment 
Cleaning Equipment 
Repair and Rework Equipment 
o Semiautomatic 
o Automatic 
Screen Printing Equipment 
o Semiautomatic 
o Manual 
o Automatic 

Components Covered:
Transistor & Diodes 
Passive Surface-Mount Devices 
o Capacitor
o Resistor
Integrated Circuits 

Services Covered:
Aftermarket Services
Design 
Manufacturing 
Test and Prototype 
Supply Chain Services 

Applications Covered:
Aerospace & Defense 
Consumer Electronics 
Industrial 
Energy and Power Systems 
Telecommunication 
Medical 
Automotive 
Other Application

Regions Covered:
North America
US
Canada
Mexico
Europe
Germany
France
Italy
UK 
Spain 
Rest of Europe 
Asia Pacific
Japan 
China 
India 
Australia 
New Zealand 
South Korea
Rest of Asia Pacific 
South America
Argentina
Brazil
Chile
Rest of South America
Middle East & Africa
Saudi Arabia
UAE

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