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: Feb 25, 2015, 370 Pages
US$4,950.00
GIA-MCP1236

Surface Mount Technology Equipment Industry Report

This report analyzes the worldwide markets for Surface Mount Technology (SMT) Equipment in US$ Thousands 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 2013 through 2020. Also, a seven-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 63 companies including many key and niche players such as -

ASM Assembly Systems GmbH & Co. KG
Assembléon Netherlands BV
Conceptronic
CyberOptics Corporation
Electro Scientific Industries, Inc.

More information can be obtained upon the request of sample pages.


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 - An Introductory 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 (2013): Percentage Breakdown of Sales for Computers &
       Peripheral, Communication Devices, Consumer Electronic
       Devices, Automotive Electronics, Industrial Electronics, and
       Aerospace/ Defense Sectors (includes corresponding
       Graph/Chart)                                                     II-3

       Table 2: World Market for PCBs (2013): Percentage Share
       Breakdown of Key End-Use Application Markets (includes
       corresponding Graph/Chart)                                       II-3
      Electronic Contract Manufacturers Emerge as Primary Consumer
       Segment for SMT Equipment                                        II-3
       Table 3: Global Market for Electronic Contract Manufacturing
       Services (2008, 2010 & 2013): Breakdown of Annual Revenue
       Figures (in US$ Million) by Region/Country (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-7
        Table 4: Purchasing Managers Index (PMI) in the Euro Area:
        Breakdown of Average Annual PMI Data for Select Countries
        for Years 2012 & 2013 (includes corresponding Graph/Chart)      II-10

        Table 5: Key Business Indicators in the Euro Area for Years
        2011, 2012 & 2013                                               II-10
       US Too Sees Significant Erosion in Demand for SMT Equipment
        in 2012 & 2013                                                  II-10
        Table 6: Purchasing Managers Index (PMI) in the US: Average
        Annual PMI Data for Years 2011, 2012 & 2013 (includes
        corresponding Graph/Chart)                                      II-12

        Table 7: Key Business Indicators in the US for Years 2011,
        2012 & 2013                                                     II-12
       Structural & Cyclical Downturn of Emerging Markets & Its
        Impact on the SMT Equipment Market During 2011-2013             II-13
      Resurgence in Growth Fundamentals Encourages an Optimistic
       Market Outlook for the Year 2014 & Beyond                        II-14
       Table 8: World GDP (2012-2015): Breakdown of Percentage GDP
       Growth by Select Country (includes corresponding Graph/Chart)    II-16
       Steady Acceleration in Global PMI Benefits Augurs Well for
        the Market                                                      II-16
        Table 9: Global Purchasing Managers Index (PMI): Data by
        Select Country for the Year 2012 & 2013 (includes
        corresponding Graph/Chart)                                      II-17

        Table 10: Global Purchasing Managers Index (PMI): Data by
        Select Country for the Year 2013 & 2014 (includes
        corresponding Graph/Chart)                                      II-18
      Outlook                                                           II-18
      Asia-Pacific Continues to be Hotspot for Growth                   II-18
       `The Booming ECMS Sector to Boost Demand for SMT Equipment in
        Asia-Pacific                                                    II-19
       Is China Loosing Sheen?                                          II-19
      Competitive Scenario                                              II-20
       Table 11: 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-21

       Table 12: Leading Players in the Global Automated Optical
       Inspection (AOI) Systems Market (2013): Percentage Share
       Breakdown of Value Share for CyberOptics, Omron, Test
       Research Inc., Viscom, and Others (includes corresponding
       Graph/Chart)                                                     II-22
       Value Added Services Become Key Differentiator                   II-22
       Towards Consolidated Endeavors                                   II-22

  2. NOTEWORTHY TRENDS & GROWTH DRIVERS                                 II-23
      Need for Speed & Flexibility in Electronics Manufacturing
       Industry Spur Growth                                             II-23
      Next Generation Electronics: Opens up Opportunities for SMT       II-23
      Shrinking PCB Size Paints Brighter Prospects                      II-24
      Placement Equipment - The Traditional Revenue Contributor         II-24
       Technological Innovations Set to Drive the Market in SMT
        Placement Equipment Market                                      II-25
       Machine Vision Gains Stronger Roots in SMT Placement
        Equipment Market                                                II-26
       Convergence Playing an Instrumental Role in Placement
        Equipment Market                                                II-26
      Screen Print Equipment - The Fastest Growing Product Segment      II-26
       Market Drivers and Restraints for Various Screen-Printers        II-27
       Jet Printing Competes Stencil Printing in Screen Printer Market  II-27
       SMT Screen Printer Equipment Vendors Go for Integrated Solutions II-28
      SMT Inspection Equipment to Gain Traction in Coming Years as
       Manufacturers Shift Focus from Defect Detection to Defect
        Prevention                                                      II-28
       Rising Adoption of Lead-Free Solder Strengthens Sales of
        Inspection Equipment                                            II-29
       ‘Right Timing’ Influence Sales Patterns for SMT Inspection
        Equipment                                                       II-29
       Repair and Rework also Drives Demand for AXIs                    II-29
       Technological Advancements Spearheading Market Prospects for
        SMT Inspection Equipment                                        II-30
       Growing Package Complexity Driving Business Case for Advanced
        Inspection Equipment                                            II-30
       Drifting from Manual to Sensor-based Inspection Systems          II-31
       3D Inspection Solutions to Drive Growth                          II-31
       Productivity Optimization Drive Opens New Ground for Next
        Generation AOIs                                                 II-32
       AOI Segment Explores New Opportunities                           II-32
       Second Generation AOI Control Solutions: Design is the Key
        for Success                                                     II-33
       Advances in X-Ray Inspection Systems Drive Efficiency            II-34
      SMT Soldering Equipment Sees Strong Growth Prospects              II-34
       Trend-Setting Technologies                                       II-35
       Intensifying R&D to Foster Growth                                II-35
       Lead-Free Solder: Emboldens Growth Opportunities                 II-36
      Slow But Steady Growth Opportunities for SMT Cleaning Equipment   II-36
       Lead-Free Manufacturing Continues to Drive Demand                II-37
        Difficulties Faced in the Cleaning of Lead-free Equipment       II-37
       APT Drives the Market                                            II-37
       Impact of Government Regulations on SMT Cleaning Equipment       II-37
      Repair and Rework Emerge as an Integral Part of EMS - Drive
       Demand for SMT Repair & Rework Equipment                         II-38
       Escalating Assembly Costs Drive Demand for Rework Equipment      II-38
      Growth in Electronic Manufacturing to Boost Market Prospects
       for SMT Equipment                                                II-38
      A Look into Key Electronic Device Markets Driving Demand for
       PCB Assemblies and Therefore Critical to SMT Equipment Demand    II-39
       Recovering Consumer Electronics Market to Spur Growth            II-39
       Opportunity Indicators:                                          II-40
        Table 13: Global Market for Consumer Electronics (2012 &
        2015): Breakdown of Annual Revenue (in US$ Billion) by
        Region/Country - US, Canada, Europe, Asia-Pacific (including
        Japan), Middle East, and Latin American Markets (includes
        corresponding Graph/Chart)                                      II-40

        Table 14: Global Market for Digital Cameras (2012 & 2015):
        Breakdown of Annual Sales Figures (in Thousand Units) by
        Region - North America, Europe, Asia-Pacific (including
        Japan), and Rest of World Markets (includes corresponding
        Graph/Chart)                                                    II-41

        Table 15: Global Market for Home Audio Equipment (2012 &
        2015): Breakdown of Annual Sales Figures (in Thousand Units)
        by Region - North America, Europe, Asia-Pacific (including
        Japan), and Rest of World Markets (includes corresponding
        Graph/Chart)                                                    II-41

        Table 16: Global LCD TV Shipments in Million Units for
        Leading 15 Brands: 2014E (includes corresponding
        Graph/Chart)                                                    II-42
       Continued Craze for Mobile Communications Devices and
        Increase in their Production Augurs Well for the Market         II-42
        Table 17: World Smartphone Penetration for Select Countries
        (as a Percentage of Mobile Phone Users): 2013 (includes
        corresponding Graph/Chart)                                      II-43

        Table 18: World Market for Smartphones (2011, 2013 & 2017P):
        Breakdown of Sales in Thousand Units by Geographic
        Region/Country (includes corresponding Graph/Chart)             II-44

        Table 19: Global Media Tablet Shipments (2010-2018) (in ‘000
        Units) (includes corresponding Graph/Chart)                     II-44
       Growing Adoption of Electronics in Automobiles Signals Prospects II-45
       Opportunity Indicator:                                           II-46
        Table 20: Increasing Electronic Content in Automobiles: A
        Comparative Analysis of Electronic Component & Software
        Value as a Percentage of Total Vehicle Value for Years 1975,
        2000 & 2012 (includes corresponding Graph/Chart)                II-46
       Medical Device Industry Adds to the Demand for Advanced SMT
        Equipment                                                       II-46
        Medical Device Miniaturization to Boost Demand                  II-47
       Aerospace & Defense Sector - Add Another Dimension               II-47
       LED Components Market - A Business Case for SMT Equipment        II-48
      Demand for ‘High-Mix’ Equipment on Rise                           II-48
      Manufacturers Go ‘Green’                                          II-49
      Machine Vision: A Stitch in Time                                  II-49

  3. CHALLENGES AND MARKET RESTRAINTS                                   II-50
      SMT - Not Completely Free of Defects                              II-50
       Table 21: Defects in SMT: Percentage Share Breakdown of Error
       Categories (includes corresponding Graph/Chart)                  II-50
      Purchase Cycles Reward But Also Retard Growth                     II-50
      Commoditization Kills Price Differentials                         II-50
      Skewed Customer Profile Strains the Margins                       II-50
      Used Equipment: The Threat is Real                                II-51
      High Entry Barriers Hinder New Market Entrants                    II-52
      Density Packing Voices Concerns for High Quality Placement and
       Inspection                                                       II-52
      High False Calls and Escape Rates Dent Investor Confidence in
       SMT Inspection Equipment                                         II-52
      Multiple Technologies Cannibalize Sales for SMT Inspection
       Equipment                                                        II-53
      Price Sensitivity: A Major Challenge for SMT Equipment            II-53
       Pricing Undercuts Market Leadership                              II-54

  4. THE TECH PRIMER                                                    II-55
      Surface Mount Technology - A Curtain Raiser                       II-55
       Electronics Packaging Technology Prior to SMT                    II-55
       Packaging Without Holes                                          II-55
       What Drives SMT Market?                                          II-55
       Benefits of Surface Mounting                                     II-56
        Higher Functional Density and Spatial Utilization               II-56
        Substantial Reduction in Costs and Board Weights                II-56
        Superior Electrical Performance                                 II-56
        Shortened Time-to-Market                                        II-57
       Initial Glitches                                                 II-57
       Type I, II and III Surface Mount Assemblies                      II-57
       Types of Surface Mount Packages                                  II-57
        Small Outline Integrated Circuits (SOICs)                       II-57
        Plastic Leaded or Leadless Chip Carriers (PLCCs and LCCs)       II-57
        Chip Scale Packages (CSPs)                                      II-58
        Ball Grid Arrays (BGAs)                                         II-58
        Micro Ball Grid Array (microBGAs)                               II-58
       Fine Pitch Devices                                               II-58
      Surface Mounting - A Concise Overview of the Process              II-58
       Defects - Intimidating Challenges to the Board Quality and
        Performance                                                     II-59
        Sources of Defects                                              II-59
        Description of Process Related Defects                          II-59
        Cost of Defects                                                 II-60
       Surface Mount Design - The First Step                            II-60
        “Designing Entails 80% of the Cost”                             II-60
        What are Land Patterns?                                         II-60
        Some Major Design Considerations                                II-60
         Spatial Considerations                                         II-60
         Component Alignment Considerations                             II-61
         Via Holes                                                      II-61
         Number of Test Nodes                                           II-61
        Prototype Inspection                                            II-61
        Solder Paste Application/Paste Printing - The Blue Print        II-61
         Important Considerations for Good Quality Printing             II-62
         Why Use Solder Paste?                                          II-62
         Which Type of Solder Paste to be Used?                         II-63
         Prerequisites of an Ideal Solder Paste                         II-63
         Regulations on the Usage of Solder Pastes                      II-63
        Component Placement - ‘Mounting’                                II-63
         Prerequisites for Precise Placement                            II-64
        Soldering - Making the Electrical Connections                   II-64
         Reflow Soldering                                               II-65
         Wave Soldering                                                 II-66
         Classification of Solder Joints                                II-66
          Good Solder Joint                                             II-66
          Poor Solder Fillet                                            II-66
          Shorts                                                        II-67
        Cleaning - Wiping off the Contaminants                          II-67
         Impact of Cleaning Processes on Component Choice               II-67
        Inspection - Locating the Defects                               II-67
         Visual/Manual Inspection                                       II-68
         Optical/Laser Inspection                                       II-68
         X-Ray Inspection                                               II-68
        Repair and Rework - Setting the Defects Right                   II-68
        Functional Testing - The Ultimate Step                          II-69
        Emerging Technologies, Challenges and the Roadmap for the
         Future                                                         II-69

  5. PRODUCT OVERVIEW                                                   II-70
      Classification of SMT Equipment                                   II-70
       Low-Range/Entry Level Machinery                                  II-70
       Mid-Range Machinery                                              II-70
       High-Range/High Level Machinery                                  II-70
       Used Equipment                                                   II-71
       New Equipment                                                    II-71
      SMT Screen Print Equipment                                        II-71
       Advantages of Screen Print Equipment                             II-71
       Manual Screen Print Equipment                                    II-72
       Semiautomatic Screen Print Equipment                             II-72
       Automatic Screen Print Equipment                                 II-72
      SMT Placement Equipment                                           II-72
       On Basis of Technology                                           II-73
        Gantry/Cartesian Robots                                         II-73
        Turret Placement Systems                                        II-73
       On Basis of Speed                                                II-73
        High Speed Placement Systems                                    II-73
        Medium Speed Placement Systems                                  II-73
        Low Speed Placement Systems                                     II-74
      SMT Soldering Equipment                                           II-74
       Reflow Ovens                                                     II-74
        Design Considerations                                           II-74
       Wave Ovens                                                       II-74
      SMT Cleaning Equipment                                            II-74
       Aqueous Cleaning Equipment                                       II-74
       Semi-Aqueous                                                     II-75
       Solvent Cleaning Equipment                                       II-75
        Traditional Solvents: Tarnished by Environmental Impact         II-75
       Ultrasonic Cleaning Equipment                                    II-75
      SMT Inspection Equipment                                          II-76
       Optical Inspection Systems: Camera Eyes the SMT Lines            II-76
        Manual Inspection Systems                                       II-76
        Automated Optical Injection                                     II-76
        Automated Optical Inspection Systems                            II-76
        Technological Drivers                                           II-77
         Increasing Circuit Complexity and Density                      II-77
         Improvements in Key Technology Components of AOI Systems       II-77
         Miniaturization Drive                                          II-78
        Advantages of AOIs                                              II-78
        Optical Inspection Systems for Yield Management                 II-78
         Post- Print-Paste Inspection Machines                          II-78
         Post-Placement Inspection Machines                             II-78
         Post-Reflow Inspection Machines                                II-78
         Post Reflow or Post Placement?                                 II-79
       X-Ray Inspection Equipment: X-Ploring the Unseen                 II-79
        Major Design Considerations for Enhanced Performance            II-80
         Focal Spot Size                                                II-80
         Tube Voltage                                                   II-80
         Geometric Magnification                                        II-80
         Tube Lifetime                                                  II-80
        Standalone or Inline..?                                         II-80
        Types of X-Ray Equipment                                        II-81
         Manual X-Ray Inspection Systems                                II-81
         Semi Automated X-Ray Inspection Systems                        II-81
         Automated X-Ray Inspection Systems                             II-81
          How to Improve Functionality of AXIs?                         II-81
          False Failures                                                II-82
          Escape Rates                                                  II-82
          False Failure Rates and Escape Rates: Striking the Balance    II-82
          Benefits of AXIs                                              II-82
           2 Dimensional X-Ray Systems                                  II-83
           3 Dimensional X-Ray Systems                                  II-83
          The Choice of the Ideal System                                II-83
       Laser Inspection Systems                                         II-83
        Prerequisites of Laser Beams for High Precision Inspection      II-84
       Emerging Trends in Inspection Systems                            II-84
        ‘Next Gen’ Inspection Systems ‘Team up’ to ‘Fix’ the Problems   II-84
      SMT Repair and Rework Equipment                                   II-85
       Manual Rework and Repair Equipment                               II-85
       Semi-Automatic Rework and Repair Equipment                       II-85
      SMT Equipment Markets: A Historic Backdrop                        II-85
       After All, It’s the ‘Testing Time’                               II-86

  6. END-USER PROFILE                                                   II-87
      Important End Uses of Surface Mount Technology                    II-87
      Telecommunications Soars Demand                                   II-87
      Healthcare Segment Reinforcing Growth in SMT Equipment Industry   II-88
      Enabling the Electronic Marvel                                    II-88
      From OEMs to CEMs and EMS Providers: Changing Customer Profile    II-88
       Electronic Manufacturing Services Industry: Bitten by Pricing
        Pressures                                                       II-88

  7. PRODUCT INNOVATIONS/INTRODUCTIONS/ IMPROVEMENTS                    II-90
      Europlacer to Introduce New Line-Up of Products                   II-90
      Speedline Unveils Innovative Printer and Dispense System          II-90
      VJE Showcases SRT Micra Rework Platform and Vertex II X-Ray
       Technology                                                       II-90
      PVA Rolls Out Optical Bonding System                              II-90
      ASM Assembly Systems Introduces SIPLACE Di-Series SMT Machines    II-90
      Fuji Machine Launches Hexafeeder and DynaHead                     II-90
      Excelitas Technologies Introduces Surface Mount Pulsed
       Semiconductor Laser                                              II-90
      Fuji Machine Manufacturing Develops AIMEX II All-in-One
       Placement Machine                                                II-91
      ASM Unveils SIPLACE D1i and SIPLACE X3 S Placement Machines       II-91
      Fuji Machine Unveils NXT III                                      II-91
      Equipment Services Introduces SMT Screen Printers in North
       America                                                          II-91
      ASM Assembly Systems Introduces SIPLACE X High-End Platform       II-91
      CyberOptics Unveils QX600™ AOI System and SE500ULTRA™ SPI System  II-91
      Juki Extends Product Line                                         II-91
      Nikon Metrology Launches X-Ray Inspection System                  II-91
      Orbotech Pacific Unveils PCB-Based Solutions                      II-91
      Orbotech Introduces AOI Systems Series                            II-92
      Viscom Introduces X8011 MXI System                                II-92
      Test Research Showcases Closed Loop SPI Solution with Solder
       Paste Printer and Buffer                                         II-92
      Fuji Launches NXTP M35 Printer                                    II-92
      Speedline Technologies Unveils Camalot® Prodigy™ Dispense
       System and MPM Momentum® Printer                                 II-92
      MIRTEC Europe Unveils MV-9 2D/3D In-Line AOI Systems Range        II-92
      Vi Technology Unveils 2K Spectro AOI System                       II-92
      Omron Unveils ptH Bench Top Model and Inline Post-Reflow
       Inspection System                                                II-92
      SMTmax Unveils QM-1500 Pick & Place Machine                       II-92
      BTU International Introduces New Dynamo™ Convection Reflow
       Oven Platform                                                    II-93
      MIRTEC Corporation Introduces MV-9 2D/3D In-Line AOI Machine      II-93
      DEK International Launches ProDEK in Europe                       II-93
      BTU International Unveils New PYRAMAX™ 100A Oven System           II-93
      Fuji Introduces New NXT IIc Scalable Placing Platform             II-93
      Koh Young Technology Develops Closed Loop Interface Process
       Control Software                                                 II-93
      Nordson DAGE Announces New and Enhanced Technical
       Specification for X-Ray Inspection System                        II-93
      Orbotech Releases Discovery™ II AOI Series                        II-93
      Orbotech Unveils Digital Production and Yield- Enhancement
       Solutions                                                        II-93
      Viscom to Introduce New Linkage for X8011 PCB X-Ray Inspection
       Systems                                                          II-94
      Viscom Redesigns X8011 Inspection System                          II-94
      Viscom Completes Development of Latest High- Performance
       Inspection System                                                II-94

  8. RECENT INDUSTRY ACTIVITY                                           II-95
      Nordson Acquires Dima Group                                       II-95
      Hunter Technology Acquires Spectral Response                      II-95
      Plexus Expands Investment in SMT Line                             II-95
      Valtronic Purchases New Surface Mount Assembly Equipment          II-95
      Valtronic Invests in AKS Typhoon - T15-1                          II-95
      Juki Automation Systems Inks Agreement with JT Automation
       Equipment and JT Universal                                       II-95
      SmtXtra Inks Agreement to Acquire Elcoteq Hungary                 II-95
      Shimadzu and Saki Ink Agreement                                   II-96
      Production Solutions and JUKI Automation Systems Sign Agreement   II-96
      Petronics Purchases MY12 Component Placement Machine from MYDATA  II-96
      JUKI Inks MOI with SONY                                           II-96
      Mer-Mar Selects Nordson YESTECH                                   II-96
      Nordson YESTECH Secures Contract from IEC Electronics             II-96
      Rad Communication Deploys 3D Automatic Inspection Machines of
       SAKI                                                             II-96
      Viscom Selects Ostec Corporate Group                              II-96
      LCL Electronics Enhances its Assembly Capacity                    II-97
      Xitek Enhances its SMT capability                                 II-97
      SEMIKRON Selects Viscom’s Automatic Optical Wirebond
       Inspection System                                                II-97
      ASM Assembly Systems to Enter into Collaboration with Technica
       USA                                                              II-97
      PRIDE Industries Installs PYRAMAX™ 125A Reflow Ovens              II-97
      Elekonta Acquires Fusion™ 22 System from Orbotech                 II-97
      Viscom Develops Viscom S3088 SPI System                           II-97
      Smyczek Implements Viscom’s Process Uplink and Solder Paste
       Inspection System                                                II-97
      Torenko and Associates Inks SMT Equipment Account                 II-98
      Rehm Thermal Systems Selects X8011 X-Ray System of Viscom         II-98
      Electro Scientific Industries Takes Over EOLITE Systems           II-98
      ASM Pacific Technology Acquires Siemens Electronics Assembly
       Systems                                                          II-98
      Panasonic Commences Operation of New SMTequipment Plant in China  II-98

  9. FOCUS ON SELECT KEY PLAYERS                                        II-99
      ASM Assembly Systems GmbH & Co. KG (Germany)                      II-99
      Assembléon Netherlands BV (The Netherlands)                       II-99
      Conceptronic (US)                                                 II-99
      CyberOptics Corporation (US)                                      II-99
      Electro Scientific Industries, Inc. (US)                          II-100
      Fuji Machine Manufacturing Co., Ltd. (Japan)                      II-100
      Glenbrook Technologies, Inc. (US)                                 II-101
      Heller Industries, Inc. (US)                                      II-101
      Juki Corporation (Japan)                                          II-101
      Kabushiki Kaisha Hitachi Seisakusho (Hitachi, Ltd) (Japan)        II-102
      Hitachi High Technologies Corporation (Japan)                     II-102
      Koh Young Technology, Inc. (South Korea)                          II-102
      Mycronic AB (Sweden)                                              II-103
      Nikon Metrology NV (Belgium)                                      II-103
      Nordson Corporation (US)                                          II-103
      Omron Corporation (Japan)                                         II-104
      Orbotech, Ltd. (Israel)                                           II-104
      Panasonic Corporation (Japan)                                     II-104
      Saki Corporation (Japan)                                          II-105
      Speedline Technologies Inc. (US)                                  II-105
      Teradyne, Inc. (US)                                               II-105
      Test Research, Inc (Taiwan)                                       II-106
      Universal Instruments Corporation (US)                            II-106
      Viscom AG (Germany)                                               II-106
      YXLON International GmbH (Germany)                                II-107

  10. GLOBAL MARKET PERSPECTIVE                                         II-108
      Table 22: 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 Independently Analyzed with Annual Sales Figures in US$
      Thousand for Years 2013 through 2020 (includes corresponding
      Graph/Chart)                                                      II-108

      Table 23: World Historic Review for Surface Mount Technology
      Equipment by Geographic Region - US, Japan, Europe,
      Asia-Pacific (excluding Japan), and Rest of World
      Independently Analyzed with Annual Sales Figures in US$
      Thousand for Years 2006 through 2012 (includes corresponding
      Graph/Chart)                                                      II-109

      Table 24: World 15-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 for Years 2006, 2014, &
      2020 (includes corresponding Graph/Chart)                         II-110
      Product Group/Segment:                                            II-111
      Screen Print Equipment                                            II-111
       Table 25: World Recent Past, Current & Future Analysis for
       Screen Print Equipment by Geographic Region - US, Japan,
       Europe, Asia-Pacific (excluding Japan), and Rest of World
       Independently Analyzed with Annual Sales Figures in US$
       Thousand for Years 2013 through 2020 (includes corresponding
       Graph/Chart)                                                     II-111

       Table 26: World Historic Review for Screen Print Equipment by
       Geographic Region - US, Japan, Europe, Asia-Pacific
       (excluding Japan), and Rest of World Independently Analyzed
       with Annual Sales Figures in US$ Thousand for Years 2006
       through 2012 (includes corresponding Graph/Chart)                II-112

       Table 27: World 15-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 for Years 2006, 2014, & 2020
       (includes corresponding Graph/Chart)                             II-113

       Table 28: 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 Independently Analyzed with
       Annual Sales Figures in US$ Thousand for Years 2013 through
       2020 (includes corresponding Graph/Chart)                        II-114

       Table 29: World Historic Review for Screen Print Equipment by
       Product Segment - Manual Screen Print Equipment,
       Semiautomatic Screen Print Equipment and Automatic Screen
       Print Equipment Independently Analyzed with Annual Sales
       Figures in US$ Thousand for Years 2006 through 2012 (includes
       corresponding Graph/Chart)                                       II-115

       Table 30: World 15-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 2006, 2014, & 2020 (includes corresponding Graph/Chart)    II-116

       Table 31: 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 Independently Analyzed with Annual Sales Figures in US$
       Thousand for Years 2013 through 2020 (includes corresponding
       Graph/Chart)                                                     II-117

       Table 32: World Historic Review for Manual Screen Print
       Equipment by Geographic Region - US, Japan, Europe,
       Asia-Pacific (excluding Japan), and Rest of World
       Independently Analyzed with Annual Sales Figures in US$
       Thousand for Years 2006 through 2012 (includes corresponding
       Graph/Chart)                                                     II-118

       Table 33: World 15-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 for Years 2006, 2014, & 2020
       (includes corresponding Graph/Chart)                             II-119

       Table 34: 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 Independently Analyzed with Annual Sales Figures in
       US$ Thousand for Years 2013 through 2020 (includes
       corresponding Graph/Chart)                                       II-120

       Table 35: World Historic Review for Semiautomatic Screen
       Print Equipment by Geographic Region - US, Japan, Europe,
       Asia-Pacific (excluding Japan), and Rest of World
       Independently Analyzed with Annual Sales Figures in US$
       Thousand for Years 2006 through 2012 (includes corresponding
       Graph/Chart)                                                     II-121

       Table 36: World 15-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 for Years 2006, 2014, &
       2020 (includes corresponding Graph/Chart)                        II-122

       Table 37: 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 Independently Analyzed with Annual Sales Figures in US$
       Thousand for Years 2013 through 2020 (includes corresponding
       Graph/Chart)                                                     II-123

       Table 38: World Historic Review for Automatic Screen Print
       Equipment by Geographic Region - US, Japan, Europe,
       Asia-Pacific (excluding Japan), and Rest of World
       Independently Analyzed with Annual Sales Figures in US$
       Thousand for Years 2006 through 2012 (includes corresponding
       Graph/Chart)                                                     II-124

       Table 39: World 15-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 for Years 2006, 2014, &
       2020 (includes corresponding Graph/Chart)                        II-125
      Placement Equipment                                               II-126
       Table 40: World Recent Past, Current & Future Analysis for
       Placement Equipment by Geographic Region - US, Japan, Europe,
       Asia-Pacific (excluding Japan), and Rest of World
       Independently Analyzed with Annual Sales Figures in US$
       Thousand for Years 2013 through 2020 (includes corresponding
       Graph/Chart)                                                     II-126

       Table 41: World Historic Review for Placement Equipment by
       Geographic Region - US, Japan, Europe, Asia-Pacific
       (excluding Japan), and Rest of World Independently Analyzed
       with Annual Sales Figures in US$ Thousand for Years 2006
       through 2012 (includes corresponding Graph/Chart)                II-127

       Table 42: World 15-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 for Years 2006, 2014, & 2020 (includes
       corresponding Graph/Chart)                                       II-128

       Table 43: 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 Independently Analyzed with Annual Sales
       Figures in US$ Thousand for Years 2013 through 2020 (includes
       corresponding Graph/Chart)                                       II-129

       Table 44: World Historic Review for Placement Equipment by
       Product Segment - High-Speed Placement Equipment,
       Medium-Speed Placement Equipment and Low-Speed Placement
       Equipment Independently Analyzed with Annual Sales Figures in
       US$ Thousand for Years 2006 through 2012 (includes
       corresponding Graph/Chart)                                       II-130

       Table 45: World 15-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 2006,
       2014, & 2020 (includes corresponding Graph/Chart)                II-131

       Table 46: 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 Independently Analyzed with Annual Sales Figures in US$
       Thousand for Years 2013 through 2020 (includes corresponding
       Graph/Chart)                                                     II-132

       Table 47: World Historic Review for High-Speed Placement
       Equipment by Geographic Region - US, Japan, Europe,
       Asia-Pacific (excluding Japan), and Rest of World
       Independently Analyzed with Annual Sales Figures in US$
       Thousand for Years 2006 through 2012 (includes corresponding
       Graph/Chart)                                                     II-133

       Table 48: World 15-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 for Years 2006, 2014, & 2020
       (includes corresponding Graph/Chart)                             II-134

       Table 49: 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 Independently Analyzed with Annual Sales Figures in US$
       Thousand for Years 2013 through 2020 (includes corresponding
       Graph/Chart)                                                     II-135

       Table 50: World Historic Review for Medium-Speed Placement
       Equipment by Geographic Region - US, Japan, Europe,
       Asia-Pacific (excluding Japan), and Rest of World
       Independently Analyzed with Annual Sales Figures in US$
       Thousand for Years 2006 through 2012 (includes corresponding
       Graph/Chart)                                                     II-136

       Table 51: World 15-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 for Years 2006, 2014, &
       2020 (includes corresponding Graph/Chart)                        II-137

       Table 52: 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 Independently Analyzed with Annual Sales Figures in US$
       Thousand for Years 2013 through 2020 (includes corresponding
       Graph/Chart)                                                     II-138

       Table 53: World Historic Review for Low-Speed Placement
       Equipment by Geographic Region - US, Japan, Europe,
       Asia-Pacific (excluding Japan), and Rest of World
       Independently Analyzed with Annual Sales Figures in US$
       Thousand for Years 2006 through 2012 (includes corresponding
       Graph/Chart)                                                     II-139

       Table 54: World 15-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 for Years 2006, 2014, & 2020
       (includes corresponding Graph/Chart)                             II-140
      Soldering Equipment                                               II-141
       Table 55: World Recent Past, Current & Future Analysis for
       Soldering Equipment by Geographic Region - US, Japan, Europe,
       Asia-Pacific (excluding Japan), and Rest of World
       Independently Analyzed with Annual Sales Figures in US$
       Thousand for Years 2013 through 2020 (includes corresponding
       Graph/Chart)                                                     II-141

       Table 56: World Historic Review for Soldering Equipment by
       Geographic Region - US, Japan, Europe, Asia-Pacific
       (excluding Japan), and Rest of World Independently Analyzed
       with Annual Sales Figures in US$ Thousand for Years 2006
       through 2012 (includes corresponding Graph/Chart)                II-142

       Table 57: World 15-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 for Years 2006, 2014, & 2020 (includes
       corresponding Graph/Chart)                                       II-143

       Table 58: World Recent Past, Current & Future Analysis for
       Soldering Equipment by Product Segment - Reflow Oven and Wave
       Oven Independently Analyzed with Annual Sales Figures in US$
       Thousand for Years 2013 through 2020 (includes corresponding
       Graph/Chart)                                                     II-144

       Table 59: World Historic Review for Soldering Equipment by
       Product Segment - Reflow Oven and Wave Oven Independently
       Analyzed with Annual Sales Figures in US$ Thousand for Years
       2006 through 2012 (includes corresponding Graph/Chart)           II-145

       Table 60: World 15-Year Perspective for Soldering Equipment
       by Product Segment - Percentage Breakdown of Dollar Sales for
       Reflow Oven and Wave Oven for Years 2006, 2014, & 2020
       (includes corresponding Graph/Chart)                             II-146

       Table 61: 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 Independently Analyzed with Annual Sales Figures in US$
       Thousand for Years 2013 through 2020 (includes corresponding
       Graph/Chart)                                                     II-147

       Table 62: World Historic Review for Reflow Oven Soldering
       Equipment by Geographic Region - US, Japan, Europe,
       Asia-Pacific (excluding Japan), and Rest of World
       Independently Analyzed with Annual Sales Figures in US$
       Thousand for Years 2006 through 2012 (includes corresponding
       Graph/Chart)                                                     II-148

       Table 63: World 15-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 for Years 2006, 2014, & 2020
       (includes corresponding Graph/Chart)                             II-149

       Table 64: 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 Independently Analyzed with Annual Sales Figures in US$
       Thousand for Years 2013 through 2020 (includes corresponding
       Graph/Chart)                                                     II-150

       Table 65: World Historic Review for Wave Oven Soldering
       Equipment by Geographic Region - US, Japan, Europe,
       Asia-Pacific (excluding Japan), and Rest of World
       Independently Analyzed with Annual Sales Figures in US$
       Thousand for Years 2006 through 2012 (includes corresponding
       Graph/Chart)                                                     II-151

       Table 66: World 15-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 for Years 2006, 2014, & 2020
       (includes corresponding Graph/Chart)                             II-152
      Cleaning Equipment                                                II-153
       Table 67: World Recent Past, Current & Future Analysis for
       Cleaning Equipment by Geographic Region - US, Japan, Europe,
       Asia-Pacific (excluding Japan), and Rest of World
       Independently Analyzed with Annual Sales Figures in US$
       Thousand for Years 2013 through 2020 (includes corresponding
       Graph/Chart)                                                     II-153

       Table 68: World Historic Review for Cleaning Equipment by
       Geographic Region - US, Japan, Europe, Asia-Pacific
       (excluding Japan), and Rest of World Independently Analyzed
       with Annual Sales Figures in US$ Thousand for Years 2006
       through 2012 (includes corresponding Graph/Chart)                II-154

       Table 69: World 15-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 for Years 2006, 2014, & 2020 (includes corresponding
       Graph/Chart)                                                     II-155
      Inspection Equipment                                              II-156
       Table 70: World Recent Past, Current & Future Analysis for
       Inspection Equipment by Geographic Region - US, Japan,
       Europe, Asia-Pacific (excluding Japan), and Rest of World
       Independently Analyzed with Annual Sales Figures in US$
       Thousand for Years 2013 through 2020 (includes corresponding
       Graph/Chart)                                                     II-156

       Table 71: World Historic Review for Inspection Equipment by
       Geographic Region - US, Japan, Europe, Asia-Pacific
       (excluding Japan), and Rest of World Independently Analyzed
       with Annual Sales Figures in US$ Thousand for Years 2006
       through 2012 (includes corresponding Graph/Chart)                II-157

       Table 72: World 15-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 for Years 2006, 2014, & 2020 (includes
       corresponding Graph/Chart)                                       II-158

       Table 73: World Recent Past, Current & Future Analysis for
       Inspection Equipment by Product Segment - Optical Inspection
       Equipment, X-Ray Inspection Equipment and Laser Inspection
       Equipment Independently Analyzed with Annual Sales Figures in
       US$ Thousand for Years 2013 through 2020 (includes
       corresponding Graph/Chart)                                       II-159

       Table 74: World Historic Review for Inspection Equipment by
       Product Segment - Optical Inspection Equipment, X-Ray
       Inspection Equipment and Laser Inspection Equipment
       Independently Analyzed with Annual Sales Figures in US$
       Thousand for Years 2006 through 2012 (includes corresponding
       Graph/Chart)                                                     II-160

       Table 75: World 15-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 2006, 2014, & 2020
       (includes corresponding Graph/Chart)                             II-161

       Table 76: World Recent Past, Current & Future Analysis for
       Optical Inspection Equipment by Geographic Region - US,
       Japan, Europe, Asia-Pacific (excluding Japan), and Rest of
       World Independently Analyzed with Annual Sales Figures in US$
       Thousand for Years 2013 through 2020 (includes corresponding
       Graph/Chart)                                                     II-162

       Table 77: World Historic Review for Optical Inspection
       Equipment by Geographic Region - US, Japan, Europe,
       Asia-Pacific (excluding Japan), and Rest of World
       Independently Analyzed with Annual Sales Figures in US$
       Thousand for Years 2006 through 2012 (includes corresponding
       Graph/Chart)                                                     II-163

       Table 78: World 15-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 for Years 2006, 2014, & 2020
       (includes corresponding Graph/Chart)                             II-164

       Table 79: 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
       Independently Analyzed with Annual Sales Figures in US$
       Thousand for Years 2013 through 2020 (includes corresponding
       Graph/Chart)                                                     II-165

       Table 80: World Historic Review for X-Ray Inspection
       Equipment by Geographic Region - US, Japan, Europe,
       Asia-Pacific (excluding Japan), and Rest of World
       Independently Analyzed with Annual Sales Figures in US$
       Thousand for Years 2006 through 2012 (includes corresponding
       Graph/Chart)                                                     II-166

       Table 81: World 15-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 for Years 2006, 2014, & 2020
       (includes corresponding Graph/Chart)                             II-167

       Table 82: World Recent Past, Current & Future Analysis for
       Laser Inspection Equipment by Geographic Region - US, Japan,
       Europe, Asia-Pacific (excluding Japan), and Rest of World
       Independently Analyzed with Annual Sales Figures in US$
       Thousand for Years 2013 through 2020 (includes corresponding
       Graph/Chart)                                                     II-168

       Table 83: World Historic Review for Laser Inspection
       Equipment by Geographic Region - US, Japan, Europe,
       Asia-Pacific (excluding Japan), and Rest of World
       Independently Analyzed with Annual Sales Figures in US$
       Thousand for Years 2006 through 2012 (includes corresponding
       Graph/Chart)                                                     II-169

       Table 84: World 15-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 for Years 2006, 2014, & 2020
       (includes corresponding Graph/Chart)                             II-170
      Repair and Rework Equipment                                       II-171
       Table 85: 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
       Independently Analyzed with Annual Sales Figures in US$
       Thousand for Years 2013 through 2020 (includes corresponding
       Graph/Chart)                                                     II-171

       Table 86: World Historic Review for Repair and Rework
       Equipment by Geographic Region - US, Japan, Europe,
       Asia-Pacific (excluding Japan), and Rest of World
       Independently Analyzed with Annual Sales Figures in US$
       Thousand for Years 2006 through 2012 (includes corresponding
       Graph/Chart)                                                     II-172

       Table 87: World 15-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 for Years 2006, 2014, & 2020
       (includes corresponding Graph/Chart)                             II-173

       Table 88: 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 Independently Analyzed with Annual Sales
       Figures in US$ Thousand for Years 2013 through 2020 (includes
       corresponding Graph/Chart)                                       II-174

       Table 89: World Historic Review for Repair and Rework
       Equipment by Product Segment - Manual Repair and Rework
       Equipment and Semiautomatic Repair and Rework Equipment
       Independently Analyzed with Annual Sales Figures in US$
       Thousand for Years 2006 through 2012 (includes corresponding
       Graph/Chart)                                                     II-175

       Table 90: World 15-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 2006,
       2014, & 2020 (includes corresponding Graph/Chart)                II-176

       Table 91: 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 Independently Analyzed with Annual Sales Figures in US$
       Thousand for Years 2013 through 2020 (includes corresponding
       Graph/Chart)                                                     II-177

       Table 92: World Historic Review for Manual Repair and Rework
       Equipment by Geographic Region - US, Japan, Europe,
       Asia-Pacific (excluding Japan), and Rest of World
       Independently Analyzed with Annual Sales Figures in US$
       Thousand for Years 2006 through 2012 (includes corresponding
       Graph/Chart)                                                     II-178

       Table 93: World 15-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 for Years 2006, 2014, &
       2020 (includes corresponding Graph/Chart)                        II-179

       Table 94: 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 Independently Analyzed with Annual Sales
       Figures in US$ Thousand for Years 2013 through 2020 (includes
       corresponding Graph/Chart)                                       II-180

       Table 95: World Historic Review for Semiautomatic Repair and
       Rework Equipment by Geographic Region - US, Japan, Europe,
       Asia-Pacific (excluding Japan), and Rest of World
       Independently Analyzed with Annual Sales Figures in US$
       Thousand for Years 2006 through 2012 (includes corresponding
       Graph/Chart)                                                     II-181

       Table 96: World 15-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 for Years 2006, 2014, &
       2020 (includes corresponding Graph/Chart)                        II-182


 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 in the
           Nation                                                       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-2
        Product Launches                                                III-3
        Strategic Corporate Developments                                III-4
        Select Key Players                                              III-5
      B.Market Analytics                                                III-9
        Table 97: The 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) Independently Analyzed with Annual Sales
        Figures in US$ Thousand for Years 2013 through 2020
        (includes corresponding Graph/Chart)                            III-9

        Table 98: The 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)
        Independently Analyzed with Annual Sales Figures in US$
        Thousand for Years 2006 through 2012 (includes corresponding
        Graph/Chart)                                                    III-10

        Table 99: The US 15-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) for Years
        2006, 2014, & 2020 (includes corresponding Graph/Chart)         III-11

  2. JAPAN                                                              III-12
      A.Market Analysis                                                 III-12
        Current & Future Analysis                                       III-12
        Product Launches                                                III-12
        Strategic Corporate Developments                                III-13
        Select Key Players                                              III-13
      B.Market Analytics                                                III-16
        Table 100: 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)
        Independently Analyzed with Annual Sales Figures in US$
        Thousand for Years 2013 through 2020 (includes corresponding
        Graph/Chart)                                                    III-16

        Table 101: 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) Independently Analyzed with Annual Sales
        Figures in US$ Thousand for Years 2006 through 2012
        (includes corresponding Graph/Chart)                            III-17

        Table 102: Japanese 15-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) for Years
        2006, 2014, & 2020 (includes corresponding Graph/Chart)         III-18

  3. EUROPE                                                             III-19
      A.Market Analysis                                                 III-19
        Current & Future Analysis                                       III-19
        European Market in Year 2014 & Beyond: Hopes for a Recovery
         Despite Volatility & Risks of a Relapse                        III-19
         Table 103: Purchasing Managers Index (PMI) in the Euro
         Area: Breakdown of Quarterly PMI Data for Select Countries
         for the Year 2014 (includes corresponding Graph/Chart)         III-21
        Nearshoring Trend to Revive Demand for European Smt
         Equipment Market in Coming Years                               III-22
         Revival in SMT Reflow Soldering Equipment Demand in Europe -
          A Case in Point                                               III-22
        Product Launches                                                III-23
        Strategic Coprorate Developments                                III-24
        Select Key Players                                              III-26
      B.Market Analytics                                                III-29
        Table 104: 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)
        Independently Analyzed with Annual Sales Figures in US$
        Thousand for Years 2013 through 2020 (includes corresponding
        Graph/Chart)                                                    III-29

        Table 105: 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) Independently Analyzed with Annual Sales
        Figures in US$ Thousand for Years 2006 through 2012
        (includes corresponding Graph/Chart)                            III-30

        Table 106: European 15-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) for Years
        2006, 2014, & 2020 (includes corresponding Graph/Chart)         III-31

  4. ASIA-PACIFIC                                                       III-32
      A.Market Analysis                                                 III-32
        Current & Future Analysis                                       III-32
        Snapshot of Electronics Industry in Asia-Pacific                III-32
        Well Established ECMS Industry Drives Demand for SMT Equipment  III-32
        R&D Investment by Asian Electronic Manufacturing Companies
         Shoots Up - Drives Focus on SMT Technologies                   III-33
        Price-based Competition                                         III-33
        Review of Key Regional Markets                                  III-33
         China                                                          III-33
          Market overview                                               III-33
          Chinese SMT Equipment Market during Global Recession          III-34
          PCB Industry in China                                         III-34
          Challenges Encountered by the Chinese PCB Market              III-35
         India                                                          III-35
          An Emerging Market with Vast Potential                        III-35
          Benefiting from Growing prominence of PCBs                    III-36
           Government Initiatives Bode Well for the Market              III-37
           Telecom and Automotive Sectors to Drive India’s SMT Market   III-37
           Technological Advancements Reinforcing Growth                III-37
           A Look into Future                                           III-38
           Shrinking Electronics System Size Revive Momentum in SMT
            Market                                                      III-38
           Rework and Automated Board Handling Equipment Gaining Ground III-38
           SMT Printers to Drive Growth                                 III-38
           Market Deterrents                                            III-38
           Used Equipment Market Thrives - Threatens Market
            Prospects for New Equipment                                 III-39
           Regulatory Scenario                                          III-39
        Product Launches                                                III-39
        Strategic Corporate Developments                                III-40
        Select Key Players                                              III-40
      B.Market Analytics                                                III-41
        Table 107: 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 2013 through 2020
        (includes corresponding Graph/Chart)                            III-41

        Table 108: 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 2006 through 2012 (includes corresponding
        Graph/Chart)                                                    III-42

        Table 109: Asia-Pacific 15-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 2006, 2014, &
        2020 (includes corresponding Graph/Chart)                       III-43

        Table 110: 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)
        Independently Analyzed with Annual Sales Figures in US$
        Thousand for Years 2013 through 2020 (includes corresponding
        Graph/Chart)                                                    III-44

        Table 111: 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) Independently Analyzed with Annual Sales
        Figures in US$ Thousand for Years 2006 through 2012
        (includes corresponding Graph/Chart)                            III-45

        Table 112: Asia-Pacific 15-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)
        for Years 2006, 2014, & 2020 (includes corresponding
        Graph/Chart)                                                    III-46

  5. REST OF WORLD                                                      III-47
      A.Market Analysis                                                 III-47
        Current & Future Analysis                                       III-47
        Product Launches                                                III-47
        Strategic Corporate Developments                                III-47
        Orbotech, Ltd. - A Key Israeli Player                           III-48
      B.Market Analytics                                                III-49
        Table 113: 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)
        Independently Analyzed with Annual Sales Figures in US$
        Thousand for Years 2013 through 2020 (includes corresponding
        Graph/Chart)                                                    III-49

        Table 114: 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) Independently Analyzed with Annual Sales
        Figures in US$ Thousand for Years 2006 through 2012
        (includes corresponding Graph/Chart)                            III-50

        Table 115: Rest of World 15-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)
        for Years 2006, 2014, & 2020 (includes corresponding
        Graph/Chart)                                                    III-51


 IV. COMPETITIVE LANDSCAPE

     Total Companies Profiled: 63 (including Divisions/Subsidiaries - 79)

     The United States (40)
     Japan (10)
     Europe (23)
     - France (3)
     - Germany (7)
     - The United Kingdom (7)
     - Rest of Europe (6)
     Asia-Pacific (Excluding Japan) (4)
     Middle East (2)
Additional Information:
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Date of Publication:
Feb 25, 2015
Number of Pages:
370 Pages
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