Surface Mount Technology (SMT) Equipment - A Global Strategic Business Report

Surface Mount Technology (SMT) Equipment - Global Strategic Business Report

Global Industry Analysts, Date of Publication: Mar 17, 2017, 352 Pages
US$4,950.00
GIA-MCP1236

This report analyzes the worldwide markets for Surface Mount Technology (SMT) Equipment in US$ by the following Product Groups/Segments: Screen Print Equipment (Manual Screen Print Equipment, Semiautomatic Screen Print Equipment, & Automatic Screen Print Equipment), Placement Equipment Market (High-Speed Placement Equipment, Medium Speed Placement Equipment, & Low-Speed Placement Equipment), Soldering Equipment (Reflow Oven, & Wave Oven), Cleaning Equipment, Inspection Equipment (Optical Inspection Equipment, X-Ray Inspection Equipment, & Laser Inspection Equipment), and Repair and Rework Equipment (Manual Repair and Rework Equipment, & Semiautomatic Repair and Rework Equipment). The report provides separate comprehensive analytics for the US, Japan, Europe, Asia-Pacific, and Rest of World. Annual estimates and forecasts are provided for the period 2015 through 2022. Also, a six-year historic analysis is provided for these markets. Market data and analytics are derived from primary and secondary research. Company profiles are primarily based on public domain information including company URLs. The report profiles 69 companies including many key and niche players such as -

ASM Assembly Systems GmbH & Co. KG
CyberOptics Corporation
Electro Scientific Industries, Inc.
Fuji Machine Manufacturing Co., Ltd.
Glenbrook Technologies, Inc.

Surface Mount Technology (SMT) Equipment
TABLE OF CONTENTS

 I. INTRODUCTION, METHODOLOGY & PRODUCT DEFINITIONS

      Study Reliability and Reporting Limitations                       I-1
      Disclaimers                                                       I-2
      Data Interpretation & Reporting Level                             I-2
       Quantitative Techniques & Analytics                              I-3
      Product Definitions and Scope of Study                            I-3
       SMT Equipment                                                    I-3
        SMT Screen Print Equipment                                      I-4
         Manual Screen Print Equipment                                  I-4
         Semiautomatic Screen Print Equipment                           I-4
         Automatic Screen Print Equipment                               I-4
        SMT Placement Equipment                                         I-4
         High Speed Placement Systems                                   I-5
         Medium Speed Placement Systems                                 I-5
         Low Speed Placement Systems                                    I-5
        SMT Soldering Equipment                                         I-5
         Reflow Ovens                                                   I-5
         Wave Ovens                                                     I-5
        SMT Cleaning Equipment                                          I-5
        SMT Inspection Equipment                                        I-5
         Optical Inspection Systems                                     I-5
         X-Ray Inspection Equipment                                     I-5
         Laser Inspection Systems                                       I-6
        SMT Repair and Rework Equipment                                 I-6
         Manual Rework and Repair Equipment                             I-6
         Semi Automatic Rework and Repair Equipment                     I-6


 II. EXECUTIVE SUMMARY

  1. INDUSTRY OVERVIEW                                                  II-1
      Surface Mount Technology - A Prelude                              II-1
      Surface Mount Technology Equipment - Market Overview              II-1
      Opportunity Indicators                                            II-3
       Table 1: Global Electronics Systems Market by End-Use
       Industry (2016): Percentage Breakdown of Sales for Computers & 
       Peripheral, Communication Devices, Consumer Electronic
       Devices, Automotive Electronics, Medical/Industrial
       Electronics, and Aerospace/Defense Electronics Sectors
       (includes corresponding Graph/Chart)                             II-3

       Table 2: World Market for PCBs (2016): Percentage Share
       Breakdown of Key End-Use Application Markets (includes
       corresponding Graph/Chart)                                       II-3
      Electronic Contract Manufacturers - Key Consumer Segment of
       SMT Equipment                                                    II-4
       Table 3: Global Market for Electronic Contract Manufacturing
       Services (2014 & 2016): Breakdown of Annual Revenue Figures
       (in US$ Million) by Region (includes corresponding
       Graph/Chart)                                                     II-5
      Impact of 2007-2009 Economic Recession in Retrospect              II-5
      Market Recovers in 2010                                           II-6
      Market Turns Volatile Once Again Between 2011-2014                II-7
       Natural Disasters take a Toll on PCB Assemblies in 2011 &
        2012 - Slows Down Growth Prospects for SMT Equipment            II-7
       ‘Eurozone’ Debt Crisis Drags SMT Equipment Market into the
        Red in 2012 & 2013                                              II-8
       US Too Sees Significant Erosion in Demand for SMT Equipment
        in 2012 & 2013                                                  II-10
        Table 4: Key Business Indicators in the US for Years 2014,
        2015 & 2016 (includes corresponding Graph/Chart)                II-12
       Structural & Cyclical Downturn of Emerging Markets & Its
        Impact on the SMT Equipment Market During 2011-2013             II-12
      Resurgence in Growth Fundamentals Encourages an Optimistic
       Market Outlook                                                   II-13
       Table 5: World Real GDP Growth Rates in % (2014 through
       2017F): Breakdown by Country/Region (includes corresponding
       Graph/Chart)                                                     II-15
       Steady Acceleration in Global PMI Benefits Augurs Well for
        the Market                                                      II-16
        Table 6: Global Purchasing Managers Index (PMI): Breakdown
        of Monthly PMI Data by Country for the Period November 2015
        to November 2016 (includes corresponding Graph/Chart)           II-17

        Table 7: Business Climate Indicator in the Eurozone Area for
        the Period November 2015 to November 2016: Breakdown by
        Month (includes corresponding Graph/Chart)                      II-18
      Outlook                                                           II-18
      Asia-Pacific Continues to be Hotspot for Growth                   II-18
       `The Booming ECM Sector to Boost Demand for SMT Equipment in
        Asia-Pacific                                                    II-19
       Is China Loosing Sheen?                                          II-20
      Competitive Scenario                                              II-21
       Table 8: Global Market for SMT Equipment (2014E): Percentage
       Share Breakdown of Value Sales for ASMPT (ASM Assembly),
       Assembleon, Fuji Machine, Hitachi, Panasonic, and Others
       (includes corresponding Graph/Chart)                             II-22

       Table 9: Leading Players in the Global Automated Optical
       Inspection (AOI) Systems Market (2013 Historic Data):
       Percentage Share Breakdown of Value Sales (includes
       corresponding Graph/Chart)                                       II-22
       Value Added Services Become Key Differentiator                   II-23
       Towards Consolidated Endeavors                                   II-23
       Key Vendors Impacting the SMT Equipment Industry                 II-23

  2. NOTEWORTHY TRENDS & GROWTH DRIVERS                                 II-25
      Need for Speed & Flexibility in Electronics Manufacturing
       Industry Spur Growth                                             II-25
      Next Generation Electronics: Opens up Opportunities for SMT       II-25
      Shrinking PCB Size Paints Brighter Prospects                      II-26
      Placement Equipment - The Traditional Revenue Contributor         II-27
       Technological Innovations Set to Drive the Market in SMT
        Placement Equipment Market                                      II-27
       Machine Vision Gains Stronger Roots in SMT Placement
        Equipment Market                                                II-28
       Convergence Playing an Instrumental Role in Placement
        Equipment Market                                                II-28
      Screen Print Equipment - The Fastest Growing Product Segment      II-28
       Market Drivers and Restraints for Various Screen-Printers        II-29
       Jet Printing Competes Stencil Printing in Screen Printer Market  II-29
       SMT Screen Printer Equipment Vendors Go for Integrated Solutions II-30
      SMT Inspection Equipment Gain Traction as Focus Shifts from
       Detection to Prevention                                          II-30
       Rising Adoption of Lead-Free Solder Strengthens Sales of
        Inspection Equipment                                            II-32
       ‘Right Timing’ Influence Sales Patterns for SMT Inspection
        Equipment                                                       II-32
       Repair and Rework also Drives Demand for AXIs                    II-32
       Technological Advancements Spearheading Market Prospects for
        SMT Inspection Equipment                                        II-32
       Growing Package Complexity Driving Business Case for Advanced
        Inspection Equipment                                            II-33
       Drifting from Manual to Sensor-based Inspection Systems          II-33
       3D Inspection Solutions to Drive Growth                          II-34
       Productivity Optimization Drive Opens New Ground for Next
        Generation AOIs                                                 II-34
       AOI Segment Explores New Opportunities                           II-35
       Second Generation AOI Control Solutions: Design is the Key
        for Success                                                     II-36
       Advances in X-Ray Inspection Systems Drive Efficiency            II-36
      SMT Soldering Equipment Sees Strong Growth Prospects              II-37
       Trend-Setting Technologies                                       II-37
       Intensifying R&D to Foster Growth                                II-38
       Lead-Free Solder: Emboldens Growth Opportunities                 II-38
      Slow But Steady Growth Opportunities for SMT Cleaning Equipment   II-39
       Lead-Free Manufacturing Continues to Drive Demand                II-39
        Difficulties Faced in the Cleaning of Lead-free Equipment       II-39
       APT Drives the Market                                            II-40
       Impact of Government Regulations on SMT Cleaning Equipment       II-40
      Repair and Rework Emerge as an Integral Part of EMS - Drive
       Demand for SMT Repair & Rework Equipment                         II-40
       Esczalating Assembly Costs Drive Demand for Rework Equipment     II-41
      Growth in Electronic Manufacturing to Boost Market Prospects
       for SMT Equipment                                                II-41
      A Look into Key Electronic Device Markets Driving Demand for
       PCB Assemblies and Therefore Critical to SMT Equipment Demand    II-42
       Recovering Consumer Electronics Market to Spur Growth            II-42
       Opportunity Indicators                                           II-43
        Table 10: Global Market for Consumer Electronics (2015):
        Breakdown of Annual Revenue (in US$ Billion) by
        Region/Country - North America, Europe, Asia-Pacific
        (including Japan), Middle East, and Latin American Markets
        (includes corresponding Graph/Chart)                            II-43

        Table 11: Global Market for Home Audio Equipment (2016 &
        2018): Breakdown of Annual Sales Figures (in US$ Million) by
        Region - North America, Europe, Asia-Pacific (including
        Japan), Middle East & Africa and Latin American Markets
        (includes corresponding Graph/Chart)                            II-43

        Table 12: Global LCD TV Shipments in Million Units for
        Leading 15 Brands: 2014 (Historic Data) (includes
        corresponding Graph/Chart)                                      II-44
       Continued Craze for Mobile Communications Devices and
        Increase in their Production Augurs Well for the Market         II-45
        Table 13: Smartphone Penetration as a Proportion (%) of
        Total Mobile Users in Select Countries (2015 & 2017E)
        (includes corresponding Graph/Chart)                            II-46

        Table 14: Global Smartphones Market (2015 & 2019): Annual
        Shipments of Smartphones (in ‘000 Units) by Region (includes
        corresponding Graph/Chart)                                      II-47
       Growing Adoption of Electronics in Automobiles Signals Prospects II-47
       Opportunity Indicator                                            II-49
        Table 15: Increasing Electronic Content in Automobiles: A
        Comparative Analysis of Electronic Component & Software
        Value as a Percentage of Total Vehicle Value for Years 1975,
        2000 & 2015 (includes corresponding Graph/Chart)                II-49
       Medical Device Industry Adds to the Demand for Advanced SMT
        Equipment                                                       II-49
        Medical Device Miniaturization to Boost Demand                  II-50
       Aerospace & Defense Sector - Add Another Dimension               II-50
       LED Components Market - A Business Case for SMT Equipment        II-51
      Demand for ‘High-Mix’ Equipment on Rise                           II-51
      Manufacturers Go ‘Green’                                          II-52
      Machine Vision: A Stitch in Time                                  II-52

  3. CHALLENGES AND MARKET RESTRAINTS                                   II-53
      SMT - Not Completely Free of Defects                              II-53
       Table 16: Defects in SMT: Percentage Share Breakdown of Error
       Categories (includes corresponding Graph/Chart)                  II-53
      Purchase Cycles Reward But Also Retard Growth                     II-53
      Commoditization Kills Price Differentials                         II-53
      Skewed Customer Profile Strains the Margins                       II-54
      Used Equipment: The Threat is Real                                II-54
      High Entry Barriers Hinder New Market Entrants                    II-55
      Density Packing Voices Concerns for High Quality Placement and
       Inspection                                                       II-55
      High False Calls and Escape Rates Dent Investor Confidence in
       SMT Inspection Equipment                                         II-55
      Multiple Technologies Cannibalize Sales for SMT Inspection
       Equipment                                                        II-56
      Price Sensitivity: A Major Challenge for SMT Equipment            II-56
       Pricing Undercuts Market Leadership                              II-57
      Challenges Faced by Advanced Manufacturing Industry               II-57
      Technology Challenges                                             II-57
       Constant Demand for Improved Processes and Materials             II-57
       Unstable Packaging                                               II-57
       Difficulty in Reworking Conflicts between Process Capability
        and Design Requirements                                         II-58
       Thermal Pad Voiding                                              II-58
      Futuristic Prospects                                              II-58

  4. THE TECH PRIMER                                                    II-60
      Surface Mount Technology - A Curtain Raiser                       II-60
       Electronics Packaging Technology Prior to SMT                    II-60
       Packaging Without Holes                                          II-60
       What Drives SMT Market?                                          II-60
       Benefits of Surface Mounting                                     II-61
        Higher Functional Density and Spatial Utilization               II-61
        Substantial Reduction in Costs and Board Weights                II-61
        Superior Electrical Performance                                 II-61
        Shortened Time-to-Market                                        II-62
       Initial Glitches                                                 II-62
       Type I, II and III Surface Mount Assemblies                      II-62
       Types of Surface Mount Packages                                  II-62
        Small Outline Integrated Circuits (SOICs)                       II-62
        Plastic Leaded or Leadless Chip Carriers (PLCCs and LCCs)       II-63
        Chip Scale Packages (CSPs)                                      II-63
        Ball Grid Arrays (BGAs)                                         II-63
        Micro Ball Grid Array (microBGAs)                               II-63
       Fine Pitch Devices                                               II-63
      Surface Mounting - A Concise Overview of the Process              II-64
       Defects - Intimidating Challenges to the Board Quality and
        Performance                                                     II-64
        Sources of Defects                                              II-64
        Description of Process Related Defects                          II-64
        Cost of Defects                                                 II-65
       Surface Mount Design - The First Step                            II-65
        “Designing Entails 80% of the Cost”                             II-65
        What are Land Patterns?                                         II-65
        Some Major Design Considerations                                II-65
         Spatial Considerations                                         II-65
         Component Alignment Considerations                             II-66
         Via Holes                                                      II-66
         Number of Test Nodes                                           II-66
        Prototype Inspection                                            II-66
        Solder Paste Application/Paste Printing - The Blue Print        II-66
         Important Considerations for Good Quality Printing             II-67
         Why Use Solder Paste?                                          II-67
         Which Type of Solder Paste to be Used?                         II-68
         Prerequisites of an Ideal Solder Paste                         II-68
         Regulations on the Usage of Solder Pastes                      II-68
        Component Placement - ‘Mounting’                                II-68
         Prerequisites for Precise Placement                            II-69
        Soldering - Making the Electrical Connections                   II-69
         Reflow Soldering                                               II-70
         Wave Soldering                                                 II-71
         Classification of Solder Joints                                II-71
          Good Solder Joint                                             II-71
          Poor Solder Fillet                                            II-72
          Shorts                                                        II-72
        Cleaning - Wiping off the Contaminants                          II-72
         Impact of Cleaning Processes on Component Choice               II-72
        Inspection - Locating the Defects                               II-72
         Visual/Manual Inspection                                       II-73
         Optical/Laser Inspection                                       II-73
         X-Ray Inspection                                               II-73
        Repair and Rework - Setting the Defects Right                   II-73
        Functional Testing - The Ultimate Step                          II-74
        Emerging Technologies, Challenges and the Roadmap for the
         Future                                                         II-74

  5. INNOVATIONS                                                        II-75
      Latest Advancement in SMT Technology                              II-75
      Technological Innovations                                         II-75
      Importance of Absolute Encoder in SMT Placement                   II-76
      Smart Feeder Technology                                           II-76
      Focus on Responsive and Flexible Manufacturing Lines              II-76
      Ensuring Lower Cost and Smaller Footprint                         II-77
      Future Prospects                                                  II-77

  6. PRODUCT OVERVIEW                                                   II-79
      Surface Mount Technology - An Introduction                        II-79
      Classification of SMT Equipment                                   II-79
       Low-Range/Entry Level Machinery                                  II-80
       Mid-Range Machinery                                              II-80
       High-Range/High Level Machinery                                  II-80
       Used Equipment                                                   II-80
       New Equipment                                                    II-81
      SMT Screen Print Equipment                                        II-81
       Advantages of Screen Print Equipment                             II-81
       Manual Screen Print Equipment                                    II-81
       Semiautomatic Screen Print Equipment                             II-82
       Automatic Screen Print Equipment                                 II-82
       Screen Printing: Still a Relevant Technology                     II-82
      SMT Placement Equipment                                           II-83
       On Basis of Technology                                           II-83
        Gantry/Cartesian Robots                                         II-83
        Turret Placement Systems                                        II-83
       On Basis of Speed                                                II-84
        High Speed Placement Systems                                    II-84
        Medium Speed Placement Systems                                  II-84
        Low Speed Placement Systems                                     II-84
      SMT Soldering Equipment                                           II-84
       Reflow Ovens                                                     II-84
        Design Considerations                                           II-84
       Wave Ovens                                                       II-85
      SMT Cleaning Equipment                                            II-85
       Aqueous Cleaning Equipment                                       II-85
       Semi-Aqueous                                                     II-85
       Solvent Cleaning Equipment                                       II-85
        Traditional Solvents: Tarnished by Environmental Impact         II-86
       Ultrasonic Cleaning Equipment                                    II-86
      SMT Inspection Equipment                                          II-86
       Optical Inspection Systems: Camera Eyes the SMT Lines            II-86
        Manual Inspection Systems                                       II-86
        Automated Optical Injection                                     II-87
        Automated Optical Inspection Systems                            II-87
        Technological Drivers                                           II-88
         Increasing Circuit Complexity and Density                      II-88
         Improvements in Key Technology Components of AOI Systems       II-88
         Miniaturization Drive                                          II-88
        Advantages of AOIs                                              II-88
        Optical Inspection Systems for Yield Management                 II-89
         Post-Print-Paste Inspection Machines                           II-89
         Post-Placement Inspection Machines                             II-89
         Post-Reflow Inspection Machines                                II-89
         Post Reflow or Post Placement?                                 II-89
       X-Ray Inspection Equipment: X-Ploring the Unseen                 II-90
        Major Design Considerations for Enhanced Performance            II-90
         Focal Spot Size                                                II-90
         Tube Voltage                                                   II-91
         Geometric Magnification                                        II-91
         Tube Lifetime                                                  II-91
        Standalone or Inline..?                                         II-91
        Types of X-Ray Equipment                                        II-91
         Manual X-Ray Inspection Systems                                II-91
         Semi Automated X-Ray Inspection Systems                        II-92
         Automated X-Ray Inspection Systems                             II-92
          How to Improve Functionality of AXIs?                         II-92
          False Failures                                                II-92
          Escape Rates                                                  II-93
          False Failure Rates and Escape Rates: Striking the Balance    II-93
          Benefits of AXIs                                              II-93
           2 Dimensional X-Ray Systems                                  II-93
           3 Dimensional X-Ray Systems                                  II-93
          The Choice of the Ideal System                                II-94
       Laser Inspection Systems                                         II-94
        Prerequisites of Laser Beams for High Precision Inspection      II-94
       Emerging Trends in Inspection Systems                            II-95
        ‘Next Gen’ Inspection Systems ‘Team up’ to ‘Fix’ the Problems   II-95
      SMT Repair and Rework Equipment                                   II-95
       Manual Rework and Repair Equipment                               II-96
       Semi-Automatic Rework and Repair Equipment                       II-96
      SMT Equipment Markets: A Historic Backdrop                        II-96
       After All, It’s the ‘Testing Time’                               II-96

  7. END-USER PROFILE                                                   II-98
      Important End Uses of Surface Mount Technology                    II-98
      Telecommunications Soars Demand                                   II-98
      Healthcare Segment Reinforcing Growth in SMT Equipment Industry   II-99
      Enabling the Electronic Marvel                                    II-99
      From OEMs to CEMs and EMS Providers: Changing Customer Profile    II-99
       Electronic Manufacturing Services Industry: Bitten by Pricing
        Pressures                                                       II-99

  8. PRODUCT INTRODUCTIONS/LAUNCHES                                     II-101
      Epson Launches Large-Format SureColor Screen Print Edition
       Printers                                                         II-101
      Speedline Introduces MPM Edison, An Innovative New Platform of
       Next-Generation Printers                                         II-101

  9. RECENT INDUSTRY ACTIVITY                                           II-102
      Mycronic Acquires Automation Engineering                          II-102
      Mycronic Acquires RoyoTech Digitalelektronik and Kognitec
       Vertrieb and Service                                             II-102
      Mycronic Signs Agreement to Acquire Shenzhen Axxon Automation Co  II-102
      Koh Young Technology to Continue the Exclusive SPI Partnership
       with Bosch                                                       II-102
      AEM Components Enters into Distribution Partnership with
       Master Electronics                                               II-102
      Assembléon Acquires New Brand Name, Kulicke & Soffa               II-102
      Gen3 Systems Extends Distribution Agreement with Partnertec by
       Two Years                                                        II-103
      Mycronic Appoints REStronics as Exclusive Representative for
       Southeast and Midwest Regions                                    II-103
      Nordson Acquires Dima Group                                       II-103
      Hunter Technology Acquires Spectral Response                      II-103
      Plexus Expands Investment in SMT Line                             II-103
      Valtronic Purchases New Surface Mount Assembly Equipment          II-103
      Valtronic Invests in AKS Typhoon - T15-1                          II-103

  10. FOCUS ON SELECT KEY PLAYERS                                       II-104
      ASM Assembly Systems GmbH & Co. KG (Germany)                      II-104
      CyberOptics Corporation (US)                                      II-104
      Electro Scientific Industries, Inc. (US)                          II-104
      Fuji Machine Manufacturing Co., Ltd. (Japan)                      II-105
      Glenbrook Technologies, Inc. (US)                                 II-105
      Heller Industries, Inc. (US)                                      II-106
      Hitachi, Ltd. (Japan)                                             II-106
       Hitachi High Technologies Corporation (Japan)                    II-106
      Illinois Tool Works, Inc. (US)                                    II-107
      Juki Corporation (Japan)                                          II-107
      Koh Young Technology, Inc. (South Korea)                          II-107
      Kulicke & Soffa Pte Ltd. (Singapore)                              II-107
      Mycronic AB (Sweden)                                              II-108
      Naprotek, Inc. (US)                                               II-108
      Nikon Metrology NV (Belgium)                                      II-109
      Nordson DAGE (UK)                                                 II-109
      Omron Corporation (Japan)                                         II-110
      Orbotech, Ltd. (Israel)                                           II-110
      Saki Corporation (Japan)                                          II-110
      Teradyne, Inc. (US)                                               II-111
      Universal Instruments Corporation (US)                            II-111
      Viscom AG (Germany)                                               II-112
      YXLON International GmbH (Germany)                                II-112

  11. GLOBAL MARKET PERSPECTIVE                                         II-113
      Table 17: World Recent Past, Current & Future Analysis for
      Surface Mount Technology Equipment by Geographic Region - US,
      Japan, Europe, Asia-Pacific (excluding Japan), and Rest of
      World Markets Independently Analyzed with Annual Sales Figures
      in US$ Thousand for Years 2015 through 2022 (includes
      corresponding Graph/Chart)                                        II-113

      Table 18: World Historic Review for Surface Mount Technology
      Equipment by Geographic Region - US, Japan, Europe,
      Asia-Pacific (excluding Japan), and Rest of World Markets
      Independently Analyzed with Annual Sales Figures in US$
      Thousand for Years 2009 through 2014 (includes corresponding
      Graph/Chart)                                                      II-114

      Table 19: World 14-Year Perspective for Surface Mount
      Technology Equipment by Geographic Region - Percentage
      Breakdown of Dollar Sales for US, Japan, Europe, Asia-Pacific
      (excluding Japan), and Rest of World Markets for Years 2009,
      2016, & 2022 (includes corresponding Graph/Chart)                 II-115

      Market by Product Group/Segment                                   II-116
       Screen Print Equipment                                           II-116
        Table 20: World Recent Past, Current & Future Analysis for
        Screen Print Equipment by Geographic Region - US, Japan,
        Europe, Asia-Pacific (excluding Japan), and Rest of World
        Markets Independently Analyzed with Annual Sales Figures in
        US$ Thousand for Years 2015 through 2022 (includes
        corresponding Graph/Chart)                                      II-116

        Table 21: World Historic Review for Screen Print Equipment
        by Geographic Region - US, Japan, Europe, Asia-Pacific
        (excluding Japan), and Rest of World Markets Independently
        Analyzed with Annual Sales Figures in US$ Thousand for Years
        2009 through 2014 (includes corresponding Graph/Chart)          II-117

        Table 22: World 14-Year Perspective for Screen Print
        Equipment by Geographic Region - Percentage Breakdown of
        Dollar Sales for US, Japan, Europe, Asia-Pacific (excluding
        Japan), and Rest of World Markets for Years 2009, 2016, &
        2022 (includes corresponding Graph/Chart)                       II-118

        Table 23: World Recent Past, Current & Future Analysis for
        Screen Print Equipment by Product Segment - Manual Screen
        Print Equipment, Semiautomatic Screen Print Equipment and
        Automatic Screen Print Equipment Markets Independently
        Analyzed with Annual Sales Figures in US$ Thousand for Years
        2015 through 2022 (includes corresponding Graph/Chart)          II-119

        Table 24: World Historic Review for Screen Print Equipment
        by Product Segment - Manual Screen Print Equipment,
        Semiautomatic Screen Print Equipment and Automatic Screen
        Print Equipment Markets Independently Analyzed with Annual
        Sales Figures in US$ Thousand for Years 2009 through 2014
        (includes corresponding Graph/Chart)                            II-120

        Table 25: World 14-Year Perspective for Screen Print
        Equipment by Product Segment - Percentage Breakdown of
        Dollar Sales for Manual Screen Print Equipment,
        Semiautomatic Screen Print Equipment and Automatic Screen
        Print Equipment for Years 2009, 2016, & 2022 (includes
        corresponding Graph/Chart)                                      II-121

        Table 26: World Recent Past, Current & Future Analysis for
        Manual Screen Print Equipment by Geographic Region - US,
        Japan, Europe, Asia-Pacific (excluding Japan), and Rest of
        World Markets Independently Analyzed with Annual Sales
        Figures in US$ Thousand for Years 2015 through 2022
        (includes corresponding Graph/Chart)                            II-122

        Table 27: World Historic Review for Manual Screen Print
        Equipment by Geographic Region - US, Japan, Europe,
        Asia-Pacific (excluding Japan), and Rest of World Markets
        Independently Analyzed with Annual Sales Figures in US$
        Thousand for Years 2009 through 2014 (includes corresponding
        Graph/Chart)                                                    II-123

        Table 28: World 14-Year Perspective for Manual Screen Print
        Equipment by Geographic Region - Percentage Breakdown of
        Dollar Sales for US, Japan, Europe, Asia-Pacific (excluding
        Japan), and Rest of World Markets for Years 2009, 2016, &
        2022 (includes corresponding Graph/Chart)                       II-124

        Table 29: World Recent Past, Current & Future Analysis for
        Semiautomatic Screen Print Equipment by Geographic Region -
        US, Japan, Europe, Asia-Pacific (excluding Japan), and Rest
        of World Markets Independently Analyzed with Annual Sales
        Figures in US$ Thousand for Years 2015 through 2022
        (includes corresponding Graph/Chart)                            II-125

        Table 30: World Historic Review for Semiautomatic Screen
        Print Equipment by Geographic Region - US, Japan, Europe,
        Asia-Pacific (excluding Japan), and Rest of World Markets
        Independently Analyzed with Annual Sales Figures in US$
        Thousand for Years 2009 through 2014 (includes corresponding
        Graph/Chart)                                                    II-126

        Table 31: World 14-Year Perspective for Semiautomatic Screen
        Print Equipment by Geographic Region - Percentage Breakdown
        of Dollar Sales for US, Japan, Europe, Asia-Pacific
        (excluding Japan), and Rest of World Markets for Years 2009,
        2016, & 2022 (includes corresponding Graph/Chart)               II-127

        Table 32: World Recent Past, Current & Future Analysis for
        Automatic Screen Print Equipment by Geographic Region - US,
        Japan, Europe, Asia-Pacific (excluding Japan), and Rest of
        World Markets Independently Analyzed with Annual Sales
        Figures in US$ Thousand for Years 2015 through 2022
        (includes corresponding Graph/Chart)                            II-128

        Table 33: World Historic Review for Automatic Screen Print
        Equipment by Geographic Region - US, Japan, Europe,
        Asia-Pacific (excluding Japan), and Rest of World Markets
        Independently Analyzed with Annual Sales Figures in US$
        Thousand for Years 2009 through 2014 (includes corresponding
        Graph/Chart)                                                    II-129

        Table 34: World 14-Year Perspective for Automatic Screen
        Print Equipment by Geographic Region - Percentage Breakdown
        of Dollar Sales for US, Japan, Europe, Asia-Pacific
        (excluding Japan), and Rest of World Markets for Years 2009,
        2016, & 2022 (includes corresponding Graph/Chart)               II-130

       Placement Equipment                                              II-131
        Table 35: World Recent Past, Current & Future Analysis for
        Placement Equipment by Geographic Region - US, Japan,
        Europe, Asia-Pacific (excluding Japan), and Rest of World
        Markets Independently Analyzed with Annual Sales Figures in
        US$ Thousand for Years 2015 through 2022 (includes
        corresponding Graph/Chart)                                      II-131

        Table 36: World Historic Review for Placement Equipment by
        Geographic Region - US, Japan, Europe, Asia-Pacific
        (excluding Japan), and Rest of World Markets Independently
        Analyzed with Annual Sales Figures in US$ Thousand for Years
        2009 through 2014 (includes corresponding Graph/Chart)          II-132

        Table 37: World 14-Year Perspective for Placement Equipment
        by Geographic Region - Percentage Breakdown of Dollar Sales
        for US, Japan, Europe, Asia-Pacific (excluding Japan), and
        Rest of World Markets for Years 2009, 2016, & 2022 (includes
        corresponding Graph/Chart)                                      II-133

        Table 38: World Recent Past, Current & Future Analysis for
        Placement Equipment by Product Segment - High-Speed
        Placement Equipment, Medium-Speed Placement Equipment and
        Low-Speed Placement Equipment Markets Independently Analyzed
        with Annual Sales Figures in US$ Thousand for Years 2015
        through 2022 (includes corresponding Graph/Chart)               II-134

        Table 39: World Historic Review for Placement Equipment by
        Product Segment - High-Speed Placement Equipment,
        Medium-Speed Placement Equipment and Low-Speed Placement
        Equipment Markets Independently Analyzed with Annual Sales
        Figures in US$ Thousand for Years 2009 through 2014
        (includes corresponding Graph/Chart)                            II-135

        Table 40: World 14-Year Perspective for Placement Equipment
        by Product Segment - Percentage Breakdown of Dollar Sales
        for High-Speed Placement Equipment, Medium-Speed Placement
        Equipment and Low-Speed Placement Equipment for Years 2009,
        2016, & 2022 (includes corresponding Graph/Chart)               II-136

        Table 41: World Recent Past, Current & Future Analysis for
        High-Speed Placement Equipment by Geographic Region - US,
        Japan, Europe, Asia-Pacific (excluding Japan), and Rest of
        World Markets Independently Analyzed with Annual Sales
        Figures in US$ Thousand for Years 2015 through 2022
        (includes corresponding Graph/Chart)                            II-137

        Table 42: World Historic Review for High-Speed Placement
        Equipment by Geographic Region - US, Japan, Europe,
        Asia-Pacific (excluding Japan), and Rest of World Markets
        Independently Analyzed with Annual Sales Figures in US$
        Thousand for Years 2009 through 2014 (includes corresponding
        Graph/Chart)                                                    II-138

        Table 43: World 14-Year Perspective for High-Speed Placement
        Equipment by Geographic Region - Percentage Breakdown of
        Dollar Sales for US, Japan, Europe, Asia-Pacific (excluding
        Japan), and Rest of World Markets for Years 2009, 2016, &
        2022 (includes corresponding Graph/Chart)                       II-139

        Table 44: World Recent Past, Current & Future Analysis for
        Medium-Speed Placement Equipment by Geographic Region - US,
        Japan, Europe, Asia-Pacific (excluding Japan), and Rest of
        World Markets Independently Analyzed with Annual Sales
        Figures in US$ Thousand for Years 2015 through 2022
        (includes corresponding Graph/Chart)                            II-140

        Table 45: World Historic Review for Medium-Speed Placement
        Equipment by Geographic Region - US, Japan, Europe,
        Asia-Pacific (excluding Japan), and Rest of World Markets
        Independently Analyzed with Annual Sales Figures in US$
        Thousand for Years 2009 through 2014 (includes corresponding
        Graph/Chart)                                                    II-141

        Table 46: World 14-Year Perspective for Medium-Speed
        Placement Equipment by Geographic Region - Percentage
        Breakdown of Dollar Sales for US, Japan, Europe,
        Asia-Pacific (excluding Japan), and Rest of World Markets
        for Years 2009, 2016, & 2022 (includes corresponding
        Graph/Chart)                                                    II-142

        Table 47: World Recent Past, Current & Future Analysis for
        Low-Speed Placement Equipment by Geographic Region - US,
        Japan, Europe, Asia-Pacific (excluding Japan), and Rest of
        World Markets Independently Analyzed with Annual Sales
        Figures in US$ Thousand for Years 2015 through 2022
        (includes corresponding Graph/Chart)                            II-143

        Table 48: World Historic Review for Low-Speed Placement
        Equipment by Geographic Region - US, Japan, Europe,
        Asia-Pacific (excluding Japan), and Rest of World Markets
        Independently Analyzed with Annual Sales Figures in US$
        Thousand for Years 2009 through 2014 (includes corresponding
        Graph/Chart)                                                    II-144

        Table 49: World 14-Year Perspective for Low-Speed Placement
        Equipment by Geographic Region - Percentage Breakdown of
        Dollar Sales for US, Japan, Europe, Asia-Pacific (excluding
        Japan), and Rest of World Markets for Years 2009, 2016, &
        2022 (includes corresponding Graph/Chart)                       II-145

       Soldering Equipment                                              II-146
        Table 50: World Recent Past, Current & Future Analysis for
        Soldering Equipment by Geographic Region - US, Japan,
        Europe, Asia-Pacific (excluding Japan), and Rest of World
        Markets Independently Analyzed with Annual Sales Figures in
        US$ Thousand for Years 2015 through 2022 (includes
        corresponding Graph/Chart)                                      II-146

        Table 51: World Historic Review for Soldering Equipment by
        Geographic Region - US, Japan, Europe, Asia-Pacific
        (excluding Japan), and Rest of World Markets Independently
        Analyzed with Annual Sales Figures in US$ Thousand for Years
        2009 through 2014 (includes corresponding Graph/Chart)          II-147

        Table 52: World 14-Year Perspective for Soldering Equipment
        by Geographic Region - Percentage Breakdown of Dollar Sales
        for US, Japan, Europe, Asia-Pacific (excluding Japan), and
        Rest of World Markets for Years 2009, 2016, & 2022 (includes
        corresponding Graph/Chart)                                      II-148

        Table 53: World Recent Past, Current & Future Analysis for
        Soldering Equipment by Product Segment - Reflow Oven and
        Wave Oven Markets Independently Analyzed with Annual Sales
        Figures in US$ Thousand for Years 2015 through 2022
        (includes corresponding Graph/Chart)                            II-149

        Table 54: World Historic Review for Soldering Equipment by
        Product Segment - Reflow Oven and Wave Oven Markets
        Independently Analyzed with Annual Sales Figures in US$
        Thousand for Years 2009 through 2014 (includes corresponding
        Graph/Chart)                                                    II-150

        Table 55: World 14-Year Perspective for Soldering Equipment
        by Product Segment - Percentage Breakdown of Dollar Sales
        for Reflow Oven and Wave Oven for Years 2009, 2016, & 2022
        (includes corresponding Graph/Chart)                            II-151

        Table 56: World Recent Past, Current & Future Analysis for
        Reflow Oven Soldering Equipment by Geographic Region - US,
        Japan, Europe, Asia-Pacific (excluding Japan), and Rest of
        World Markets Independently Analyzed with Annual Sales
        Figures in US$ Thousand for Years 2015 through 2022
        (includes corresponding Graph/Chart)                            II-152

        Table 57: World Historic Review for Reflow Oven Soldering
        Equipment by Geographic Region - US, Japan, Europe,
        Asia-Pacific (excluding Japan), and Rest of World Markets
        Independently Analyzed with Annual Sales Figures in US$
        Thousand for Years 2009 through 2014 (includes corresponding
        Graph/Chart)                                                    II-153

        Table 58: World 14-Year Perspective for Reflow Oven
        Soldering Equipment by Geographic Region - Percentage
        Breakdown of Dollar Sales for US, Japan, Europe,
        Asia-Pacific (excluding Japan), and Rest of World Markets
        for Years 2009, 2016, & 2022 (includes corresponding
        Graph/Chart)                                                    II-154

        Table 59: World Recent Past, Current & Future Analysis for
        Wave Oven Soldering Equipment by Geographic Region - US,
        Japan, Europe, Asia-Pacific (excluding Japan), and Rest of
        World Markets Independently Analyzed with Annual Sales
        Figures in US$ Thousand for Years 2015 through 2022
        (includes corresponding Graph/Chart)                            II-155

        Table 60: World Historic Review for Wave Oven Soldering
        Equipment by Geographic Region - US, Japan, Europe,
        Asia-Pacific (excluding Japan), and Rest of World Markets
        Independently Analyzed with Annual Sales Figures in US$
        Thousand for Years 2009 through 2014 (includes corresponding
        Graph/Chart)                                                    II-156

        Table 61: World 14-Year Perspective for Wave Oven Soldering
        Equipment by Geographic Region - Percentage Breakdown of
        Dollar Sales for US, Japan, Europe, Asia-Pacific (excluding
        Japan), and Rest of World Markets for Years 2009, 2016, &
        2022 (includes corresponding Graph/Chart)                       II-157

       Cleaning Equipment                                               II-158
        Table 62: World Recent Past, Current & Future Analysis for
        Cleaning Equipment by Geographic Region - US, Japan, Europe,
        Asia-Pacific (excluding Japan), and Rest of World Markets
        Independently Analyzed with Annual Sales Figures in US$
        Thousand for Years 2015 through 2022 (includes corresponding
        Graph/Chart)                                                    II-158

        Table 63: World Historic Review for Cleaning Equipment by
        Geographic Region - US, Japan, Europe, Asia-Pacific
        (excluding Japan), and Rest of World Markets Independently
        Analyzed with Annual Sales Figures in US$ Thousand for Years
        2009 through 2014 (includes corresponding Graph/Chart)          II-159

        Table 64: World 14-Year Perspective for Cleaning Equipment
        by Geographic Region - Percentage Breakdown of Dollar Sales
        for US, Japan, Europe, Asia-Pacific (excluding Japan), and
        Rest of World Markets for Years 2009, 2016, & 2022 (includes
        corresponding Graph/Chart)                                      II-160

       Inspection Equipment                                             II-161
        Table 65: World Recent Past, Current & Future Analysis for
        Inspection Equipment by Geographic Region - US, Japan,
        Europe, Asia-Pacific (excluding Japan), and Rest of World
        Markets Independently Analyzed with Annual Sales Figures in
        US$ Thousand for Years 2015 through 2022 (includes
        corresponding Graph/Chart)                                      II-161

        Table 66: World Historic Review for Inspection Equipment by
        Geographic Region - US, Japan, Europe, Asia-Pacific
        (excluding Japan), and Rest of World Markets Independently
        Analyzed with Annual Sales Figures in US$ Thousand for Years
        2009 through 2014 (includes corresponding Graph/Chart)          II-162

        Table 67: World 14-Year Perspective for Inspection Equipment
        by Geographic Region - Percentage Breakdown of Dollar Sales
        for US, Japan, Europe, Asia-Pacific (excluding Japan), and
        Rest of World Markets for Years 2009, 2016, & 2022 (includes
        corresponding Graph/Chart)                                      II-163

        Table 68: World Recent Past, Current & Future Analysis for
        Inspection Equipment by Product Segment - Optical Inspection
        Equipment, X-Ray Inspection Equipment and Laser Inspection
        Equipment Markets Independently Analyzed with Annual Sales
        Figures in US$ Thousand for Years 2015 through 2022
        (includes corresponding Graph/Chart)                            II-164

        Table 69: World Historic Review for Inspection Equipment by
        Product Segment - Optical Inspection Equipment, X-Ray
        Inspection Equipment and Laser Inspection Equipment Markets
        Independently Analyzed with Annual Sales Figures in US$
        Thousand for Years 2009 through 2014 (includes corresponding
        Graph/Chart)                                                    II-165

        Table 70: World 14-Year Perspective for Inspection Equipment
        by Product Segment - Percentage Breakdown of Dollar Sales
        for Optical Inspection Equipment, X-Ray Inspection Equipment
        and Laser Inspection Equipment for Years 2009, 2016, & 2022
        (includes corresponding Graph/Chart)                            II-166

        Table 71: World Recent Past, Current & Future Analysis for
        Optical Inspection Equipment by Geographic Region - US,
        Japan, Europe, Asia-Pacific (excluding Japan), and Rest of
        World Markets Independently Analyzed with Annual Sales
        Figures in US$ Thousand for Years 2015 through 2022
        (includes corresponding Graph/Chart)                            II-167

        Table 72: World Historic Review for Optical Inspection
        Equipment by Geographic Region - US, Japan, Europe,
        Asia-Pacific (excluding Japan), and Rest of World Markets
        Independently Analyzed with Annual Sales Figures in US$
        Thousand for Years 2009 through 2014 (includes corresponding
        Graph/Chart)                                                    II-168

        Table 73: World 14-Year Perspective for Optical Inspection
        Equipment by Geographic Region - Percentage Breakdown of
        Dollar Sales for US, Japan, Europe, Asia-Pacific (excluding
        Japan), and Rest of World Markets for Years 2009, 2016, &
        2022 (includes corresponding Graph/Chart)                       II-169

        Table 74: World Recent Past, Current & Future Analysis for
        X-Ray Inspection Equipment by Geographic Region - US, Japan,
        Europe, Asia-Pacific (excluding Japan), and Rest of World
        Markets Independently Analyzed with Annual Sales Figures in
        US$ Thousand for Years 2015 through 2022 (includes
        corresponding Graph/Chart)                                      II-170

        Table 75: World Historic Review for X-Ray Inspection
        Equipment by Geographic Region - US, Japan, Europe,
        Asia-Pacific (excluding Japan), and Rest of World Markets
        Independently Analyzed with Annual Sales Figures in US$
        Thousand for Years 2009 through 2014 (includes corresponding
        Graph/Chart)                                                    II-171

        Table 76: World 14-Year Perspective for X-Ray Inspection
        Equipment by Geographic Region - Percentage Breakdown of
        Dollar Sales for US, Japan, Europe, Asia-Pacific (excluding
        Japan), and Rest of World Markets for Years 2009, 2016, &
        2022 (includes corresponding Graph/Chart)                       II-172

        Table 77: World Recent Past, Current & Future Analysis for
        Laser Inspection Equipment by Geographic Region - US, Japan,
        Europe, Asia-Pacific (excluding Japan), and Rest of World
        Markets Independently Analyzed with Annual Sales Figures in
        US$ Thousand for Years 2015 through 2022 (includes
        corresponding Graph/Chart)                                      II-173

        Table 78: World Historic Review for Laser Inspection
        Equipment by Geographic Region - US, Japan, Europe,
        Asia-Pacific (excluding Japan), and Rest of World Markets
        Independently Analyzed with Annual Sales Figures in US$
        Thousand for Years 2009 through 2014 (includes corresponding
        Graph/Chart)                                                    II-174

        Table 79: World 14-Year Perspective for Laser Inspection
        Equipment by Geographic Region - Percentage Breakdown of
        Dollar Sales for US, Japan, Europe, Asia-Pacific (excluding
        Japan), and Rest of World Markets for Years 2009, 2016, &
        2022 (includes corresponding Graph/Chart)                       II-175

       Repair and Rework Equipment                                      II-176
        Table 80: World Recent Past, Current & Future Analysis for
        Repair and Rework Equipment by Geographic Region - US,
        Japan, Europe, Asia-Pacific (excluding Japan), and Rest of
        World Markets Independently Analyzed with Annual Sales
        Figures in US$ Thousand for Years 2015 through 2022
        (includes corresponding Graph/Chart)                            II-176

        Table 81: World Historic Review for Repair and Rework
        Equipment by Geographic Region - US, Japan, Europe,
        Asia-Pacific (excluding Japan), and Rest of World Markets
        Independently Analyzed with Annual Sales Figures in US$
        Thousand for Years 2009 through 2014 (includes corresponding
        Graph/Chart)                                                    II-177

        Table 82: World 14-Year Perspective for Repair and Rework
        Equipment by Geographic Region - Percentage Breakdown of
        Dollar Sales for US, Japan, Europe, Asia-Pacific (excluding
        Japan), and Rest of World Markets for Years 2009, 2016, &
        2022 (includes corresponding Graph/Chart)                       II-178

        Table 83: World Recent Past, Current & Future Analysis for
        Repair and Rework Equipment by Product Segment - Manual
        Repair and Rework Equipment and Semiautomatic Repair and
        Rework Equipment Markets Independently Analyzed with Annual
        Sales Figures in US$ Thousand for Years 2015 through 2022
        (includes corresponding Graph/Chart)                            II-179

        Table 84: World Historic Review for Repair and Rework
        Equipment by Product Segment - Manual Repair and Rework
        Equipment and Semiautomatic Repair and Rework Equipment
        Markets Independently Analyzed with Annual Sales Figures in
        US$ Thousand for Years 2009 through 2014 (includes
        corresponding Graph/Chart)                                      II-180

        Table 85: World 14-Year Perspective for Repair and Rework
        Equipment by Product Segment - Percentage Breakdown of
        Dollar Sales for Manual Repair and Rework Equipment and
        Semiautomatic Repair and Rework Equipment for Years 2009,
        2016, & 2022 (includes corresponding Graph/Chart)               II-181

        Table 86: World Recent Past, Current & Future Analysis for
        Manual Repair and Rework Equipment by Geographic Region -
        US, Japan, Europe, Asia-Pacific (excluding Japan), and Rest
        of World Markets Independently Analyzed with Annual Sales
        Figures in US$ Thousand for Years 2015 through 2022
        (includes corresponding Graph/Chart)                            II-182

        Table 87: World Historic Review for Manual Repair and Rework
        Equipment by Geographic Region - US, Japan, Europe,
        Asia-Pacific (excluding Japan), and Rest of World Markets
        Independently Analyzed with Annual Sales Figures in US$
        Thousand for Years 2009 through 2014 (includes corresponding
        Graph/Chart)                                                    II-183

        Table 88: World 14-Year Perspective for Manual Repair and
        Rework Equipment by Geographic Region - Percentage Breakdown
        of Dollar Sales for US, Japan, Europe, Asia-Pacific
        (excluding Japan), and Rest of World Markets for Years 2009,
        2016, & 2022 (includes corresponding Graph/Chart)               II-184

        Table 89: World Recent Past, Current & Future Analysis for
        Semiautomatic Repair and Rework Equipment by Geographic
        Region - US, Japan, Europe, Asia-Pacific (excluding Japan),
        and Rest of World Markets Independently Analyzed with Annual
        Sales Figures in US$ Thousand for Years 2015 through 2022
        (includes corresponding Graph/Chart)                            II-185

        Table 90: World Historic Review for Semiautomatic Repair and
        Rework Equipment by Geographic Region - US, Japan, Europe,
        Asia-Pacific (excluding Japan), and Rest of World Markets
        Independently Analyzed with Annual Sales Figures in US$
        Thousand for Years 2009 through 2014 (includes corresponding
        Graph/Chart)                                                    II-186

        Table 91: World 14-Year Perspective for Semiautomatic Repair
        and Rework Equipment by Geographic Region - Percentage
        Breakdown of Dollar Sales for US, Japan, Europe,
        Asia-Pacific (excluding Japan), and Rest of World Markets
        for Years 2009, 2016, & 2022 (includes corresponding
        Graph/Chart)                                                    II-187


 III. MARKET

  1. THE UNITED STATES                                                  III-1
      A.Market Analysis                                                 III-1
        Current & Future Analysis                                       III-1
        Market Overview                                                 III-1
         Recovery in Electronics Manufacturing & Subsequent Rise in
          Demand for PCB Assemblies to Drive SMT Market                 III-1
         SMT Equipment Manufacturers to Focus on High-Value Offering    III-1
         Strategic Employment of AOIs and AXIs to Brighten SMT Industry III-2
         Continued Relocation of US Electronics Manufacturing to Low
          Cost Destinations - Threat for Domestic SMT Market            III-3
        Product Launches                                                III-3
        Strategic Corporate Developments                                III-3
        Key Players                                                     III-4
      B.Market Analytics                                                III-8
        Table 92: US Recent Past, Current & Future Analysis for
        Surface Mount Technology Equipment by Product Group/Segment - 
        Screen Print Equipment (Manual, Semiautomatic, and
        Automatic), Placement Equipment (High-Speed, Medium-Speed,
        and Low-Speed), Soldering Equipment (Reflow Oven, and Wave
        Oven), Cleaning Equipment, Inspection Equipment (Optical,
        X-Ray, and Laser), and Repair and Rework Equipment (Manual,
        and Semiautomatic) Markets Independently Analyzed with
        Annual Sales Figures in US$ Thousand for Years 2015 through
        2022 (includes corresponding Graph/Chart)                       III-8

        Table 93: US Historic Review for Surface Mount Technology
        Equipment by Product Group/Segment - Screen Print Equipment
        (Manual, Semiautomatic, and Automatic), Placement Equipment
        (High-Speed, Medium-Speed, and Low-Speed), Soldering
        Equipment (Reflow Oven, and Wave Oven), Cleaning Equipment,
        Inspection Equipment (Optical, X-Ray, and Laser), and Repair
        and Rework Equipment (Manual, and Semiautomatic) Markets
        Independently Analyzed with Annual Sales Figures in US$
        Thousand for Years 2009 through 2014 (includes corresponding
        Graph/Chart)                                                    III-9

        Table 94: US 14-Year Perspective for Surface Mount
        Technology Equipment by Product Group/Segment - Percentage
        Breakdown of Dollar Sales for Screen Print Equipment
        (Manual, Semiautomatic, and Automatic), Placement Equipment
        (High-Speed, Medium-Speed, and Low-Speed), Soldering
        Equipment (Reflow Oven, and Wave Oven), Cleaning Equipment,
        Inspection Equipment (Optical, X-Ray, and Laser), and Repair
        and Rework Equipment (Manual, and Semiautomatic) Markets for
        Years 2009, 2016, & 2022 (includes corresponding
        Graph/Chart)                                                    III-10

  2. JAPAN                                                              III-11
      A.Market Analysis                                                 III-11
        Current & Future Analysis                                       III-11
        Key Players                                                     III-11
      B.Market Analytics                                                III-14
        Table 95: Japanese Recent Past, Current & Future Analysis
        for Surface Mount Technology Equipment by Product
        Group/Segment - Screen Print Equipment (Manual,
        Semiautomatic, and Automatic), Placement Equipment
        (High-Speed, Medium-Speed, and Low-Speed), Soldering
        Equipment (Reflow Oven, and Wave Oven), Cleaning Equipment,
        Inspection Equipment (Optical, X-Ray, and Laser), and Repair
        and Rework Equipment (Manual, and Semiautomatic) Markets
        Independently Analyzed with Annual Sales Figures in US$
        Thousand for Years 2015 through 2022 (includes corresponding
        Graph/Chart)                                                    III-14

        Table 96: Japanese Historic Review for Surface Mount
        Technology Equipment by Product Group/Segment - Screen Print
        Equipment (Manual, Semiautomatic, and Automatic), Placement
        Equipment (High-Speed, Medium-Speed, and Low-Speed),
        Soldering Equipment (Reflow Oven, and Wave Oven), Cleaning
        Equipment, Inspection Equipment (Optical, X-Ray, and Laser),
        and Repair and Rework Equipment (Manual, and Semiautomatic)
        Markets Independently Analyzed with Annual Sales Figures in
        US$ Thousand for Years 2009 through 2014 (includes
        corresponding Graph/Chart)                                      III-15

        Table 97: Japanese 14-Year Perspective for Surface Mount
        Technology Equipment by Product Group/Segment - Percentage
        Breakdown of Dollar Sales for Screen Print Equipment
        (Manual, Semiautomatic, and Automatic), Placement Equipment
        (High-Speed, Medium-Speed, and Low-Speed), Soldering
        Equipment (Reflow Oven, and Wave Oven), Cleaning Equipment,
        Inspection Equipment (Optical, X-Ray, and Laser), and Repair
        and Rework Equipment (Manual, and Semiautomatic) Markets for
        Years 2009, 2016, & 2022 (includes corresponding
        Graph/Chart)                                                    III-16

  3. EUROPE                                                             III-17
      A.Market Analysis                                                 III-17
        Current & Future Analysis                                       III-17
        European Market of 2014 & Beyond: Hopes for a Recovery
         despite Volatility                                             III-17
         Table 98: Purchasing Managers Index (PMI) in the Euro Area:
         Breakdown of Monthly PMI Data for Select Countries for the
         Period November 2015 to November 2016 (includes
         corresponding Graph/Chart)                                     III-19
        Nearshoring Trend to Revive Demand for European SMT
         Equipment Market in Coming Years                               III-19
         Revival in SMT Reflow Soldering Equipment Demand in Europe - 
         A Case in Point                                                III-20
        Strategic Coprorate Developments                                III-20
        Key Players                                                     III-21
      B.Market Analytics                                                III-24
        Table 99: European Recent Past, Current & Future Analysis
        for Surface Mount Technology Equipment by Product
        Group/Segment - Screen Print Equipment (Manual,
        Semiautomatic, and Automatic), Placement Equipment
        (High-Speed, Medium-Speed, and Low-Speed), Soldering
        Equipment (Reflow Oven, and Wave Oven), Cleaning Equipment,
        Inspection Equipment (Optical, X-Ray, and Laser), and Repair
        and Rework Equipment (Manual, and Semiautomatic) Markets
        Independently Analyzed with Annual Sales Figures in US$
        Thousand for Years 2015 through 2022 (includes corresponding
        Graph/Chart)                                                    III-24

        Table 100: European Historic Review for Surface Mount
        Technology Equipment by Product Group/Segment - Screen Print
        Equipment (Manual, Semiautomatic, and Automatic), Placement
        Equipment (High-Speed, Medium-Speed, and Low-Speed),
        Soldering Equipment (Reflow Oven, and Wave Oven), Cleaning
        Equipment, Inspection Equipment (Optical, X-Ray, and Laser),
        and Repair and Rework Equipment (Manual, and Semiautomatic)
        Markets Independently Analyzed with Annual Sales Figures in
        US$ Thousand for Years 2009 through 2014 (includes
        corresponding Graph/Chart)                                      III-25

        Table 101: European 14-Year Perspective for Surface Mount
        Technology Equipment by Product Group/Segment - Percentage
        Breakdown of Dollar Sales for Screen Print Equipment
        (Manual, Semiautomatic, and Automatic), Placement Equipment
        (High-Speed, Medium-Speed, and Low-Speed), Soldering
        Equipment (Reflow Oven, and Wave Oven), Cleaning Equipment,
        Inspection Equipment (Optical, X-Ray, and Laser), and Repair
        and Rework Equipment (Manual, and Semiautomatic) Markets for
        Years 2009, 2016, & 2022 (includes corresponding
        Graph/Chart)                                                    III-26

  4. ASIA-PACIFIC                                                       III-27
      A.Market Analysis                                                 III-27
        Current & Future Analysis                                       III-27
        Snapshot of Electronics Industry in Asia-Pacific                III-27
        Well Established ECM Industry Drives Demand for SMT Equipment   III-28
        Screen Print Equipment Market in Southeast Asia                 III-28
        R&D Investment by Asian Electronic Manufacturing Companies
         Shoots Up - Drives Focus on SMT Technologies                   III-29
        Price-based Competition                                         III-29
        Review of Key Regional Markets                                  III-29
         China                                                          III-29
          Market overview                                               III-29
          Chinese SMT Equipment Market during Global Recession          III-30
          PCB Industry in China                                         III-30
          Challenges Encountered by the Chinese PCB Market              III-30
         India                                                          III-31
          An Emerging Market with Vast Potential                        III-31
          Benefiting from Growing prominence of PCBs                    III-32
           Government Initiatives Bode Well for the Market              III-33
           Telecom and Automotive Sectors to Drive India’s SMT Market   III-33
           Technological Advancements Reinforcing Growth                III-33
           A Look into Future                                           III-34
           Shrinking Electronics System Size Revive Momentum in SMT
            Market                                                      III-34
           Rework and Automated Board Handling Equipment Gaining Ground III-34
           SMT Printers to Drive Growth                                 III-34
           Market Deterrents                                            III-35
           Used Equipment Market Thrives - Threatens Market
            Prospects for New Equipment                                 III-35
           Regulatory Scenario                                          III-35
        Strategic Corporate Developments                                III-35
        Key Players                                                     III-36
      B.Market Analytics                                                III-37
        Table 102: Asia-Pacific Recent Past, Current & Future
        Analysis for Surface Mount Technology Equipment by
        Geographic Region - China, South Korea, Taiwan, and Rest of
        Asia-Pacific Markets Independently Analyzed with Annual
        Sales Figures in US$ Thousand for Years 2015 through 2022
        (includes corresponding Graph/Chart)                            III-37

        Table 103: Asia-Pacific Historic Review for Surface Mount
        Technology Equipment by Geographic Region - China, South
        Korea, Taiwan, and Rest of Asia-Pacific Markets
        Independently Analyzed with Annual Sales Figures in US$
        Thousand for Years 2009 through 2014 (includes corresponding
        Graph/Chart)                                                    III-38

        Table 104: Asia-Pacific 14-Year Perspective for Surface
        Mount Technology Equipment by Geographic Region - Percentage
        Breakdown of Dollar Sales for China, South Korea, Taiwan,
        and Rest of Asia-Pacific Markets for Years 2009, 2016, &
        2022 (includes corresponding Graph/Chart)                       III-39

        Table 105: Asia-Pacific Recent Past, Current & Future
        Analysis for Surface Mount Technology Equipment by Product
        Group/Segment - Screen Print Equipment (Manual,
        Semiautomatic, and Automatic), Placement Equipment
        (High-Speed, Medium-Speed, and Low-Speed), Soldering
        Equipment (Reflow Oven, and Wave Oven), Cleaning Equipment,
        Inspection Equipment (Optical, X-Ray, and Laser), and Repair
        and Rework Equipment (Manual, and Semiautomatic) Markets
        Independently Analyzed with Annual Sales Figures in US$
        Thousand for Years 2015 through 2022 (includes corresponding
        Graph/Chart)                                                    III-40

        Table 106: Asia-Pacific Historic Review for Surface Mount
        Technology Equipment by Product Group/Segment - Screen Print
        Equipment (Manual, Semiautomatic, and Automatic), Placement
        Equipment (High-Speed, Medium-Speed, and Low-Speed),
        Soldering Equipment (Reflow Oven, and Wave Oven), Cleaning
        Equipment, Inspection Equipment (Optical, X-Ray, and Laser),
        and Repair and Rework Equipment (Manual, and Semiautomatic)
        Markets Independently Analyzed with Annual Sales Figures in
        US$ Thousand for Years 2009 through 2014 (includes
        corresponding Graph/Chart)                                      III-41

        Table 107: Asia-Pacific 14-Year Perspective for Surface
        Mount Technology Equipment by Product Group/ Segment -
        Percentage Breakdown of Dollar Sales for Screen Print
        Equipment (Manual, Semiautomatic, and Automatic), Placement
        Equipment (High-Speed, Medium-Speed, and Low-Speed),
        Soldering Equipment (Reflow Oven, and Wave Oven), Cleaning
        Equipment, Inspection Equipment (Optical, X-Ray, and Laser),
        and Repair and Rework Equipment (Manual, and Semiautomatic)
        Markets for Years 2009, 2016, & 2022 (includes corresponding
        Graph/Chart)                                                    III-42

  5. REST OF WORLD                                                      III-43
      A.Market Analysis                                                 III-43
        Current & Future Analysis                                       III-43
        Key Player                                                      III-43
      B.Market Analytics                                                III-44
        Table 108: Rest of World Recent Past, Current & Future
        Analysis for Surface Mount Technology Equipment by Product
        Group/Segment - Screen Print Equipment (Manual,
        Semiautomatic, and Automatic), Placement Equipment
        (High-Speed, Medium-Speed, and Low-Speed), Soldering
        Equipment (Reflow Oven, and Wave Oven), Cleaning Equipment,
        Inspection Equipment (Optical, X-Ray, and Laser), and Repair
        and Rework Equipment (Manual, and Semiautomatic) Markets
        Independently Analyzed with Annual Sales Figures in US$
        Thousand for Years 2015 through 2022 (includes corresponding
        Graph/Chart)                                                    III-44

        Table 109: Rest of World Historic Review for Surface Mount
        Technology Equipment by Product Group/ Segment - Screen
        Print Equipment (Manual, Semiautomatic, and Automatic),
        Placement Equipment (High-Speed, Medium-Speed, and
        Low-Speed), Soldering Equipment (Reflow Oven, and Wave
        Oven), Cleaning Equipment, Inspection Equipment (Optical,
        X-Ray, and Laser), and Repair and Rework Equipment (Manual,
        and Semiautomatic) Markets Independently Analyzed with
        Annual Sales Figures in US$ Thousand for Years 2009 through
        2014 (includes corresponding Graph/Chart)                       III-45

        Table 110: Rest of World 14-Year Perspective for Surface
        Mount Technology Equipment by Product Group/Segment -
        Percentage Breakdown of Dollar Sales for Screen Print
        Equipment (Manual, Semiautomatic, and Automatic), Placement
        Equipment (High-Speed, Medium-Speed, and Low-Speed),
        Soldering Equipment (Reflow Oven, and Wave Oven), Cleaning
        Equipment, Inspection Equipment (Optical, X-Ray, and Laser),
        and Repair and Rework Equipment (Manual, and Semiautomatic)
        Markets for Years 2009, 2016, & 2022 (includes corresponding
        Graph/Chart)                                                    III-46


 IV. COMPETITIVE LANDSCAPE

     Total Companies Profiled: 69 (including Divisions/Subsidiaries - 85)

     The United States (44)
     Japan (9)
     Europe (23)
      - France (3)
      - Germany (7)
      - The United Kingdom (7)
      - Italy (1)
      - Rest of Europe (5)
     Asia-Pacific (Excluding Japan) (8)
     Middle East (1)
 
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Date of Publication:
Mar 17, 2017
Number of Pages:
352 Pages