Revival in Semiconductor Industry Drives Growth in the Surface Mount Technology Equipment Market
Global market for Surface Mount Technology (SMT) Equipment is projected to reach US$5.3 billion by 2018, driven by recovery in electronics and semiconductor industries, new product innovations, and growing need to upgrade older production lines. SMT equipment market continues to derive demand from major downstream industry segments including telecommunications, computing and consumer appliances, which are the most prolific users of PCBs. However, the market in recent years has been gaining significant opportunities in other industries such as automotive electronics, medical device electronics, defense and aerospace electronic equipment, and industrial equipment among others. With end-use markets for SMT equipment shifting focus from defect detection to defect prevention, SMT equipment manufacturers are turning towards diversification of product offerings. Growing demand for high-quality SMT equipment from contract and OEM manufacturers is poised to benefit the market. In addition, rising demand for light emitting diodes (LED) technology is fuelling demand for SMT equipment. Driven by growing popularity of LEDs, SMT equipment manufacturers are ramping up their production capacity to address demand from commercial and consumer electronics sectors. Details of the new report, table of contents and ordering information can be found on Electronics.ca Publications’ web site. View the report: “Surface Mount Technology (SMT) Equipment – Global Strategic Business Report“.