This report segments the surface mount technologies market in the APAC region by product, including placement, screen print, soldering, and inspection. The report also discusses the major trends, drivers, challenges, and the key vendors operating in the market. ASMPT, Assembléon, Fuji Machine, Juki, and Panasonic are the top companies considered in the report.
Technavio’s market research analysts estimate the SMT market in APAC to grow at a CAGR of around 7% between 2015 and 2019. The surface mount technologies (SMT) market in APAC id mainly driven by industries like consumer electronics, automotive, telecommunication, and healthcare. Of late, majority of electronic assemblies is done through SMT because it offers several advantages over traditional through-hole technology. The frequently changing technology and price sensitive nature of customers in APAC have led to increased adoption of SMT in the region.
The new market research report from Technavio provides a breakdown and analysis of the SMT segments by technology.
“The latest trend in the electronic industry is towards the miniaturization of electronic devices, which are slim, compact, and lightweight devices with enhanced features. This has encouraged electronic manufacturers to adopt such SMT equipment that can quickly place different types and sizes of passive components on the PCB. This will not only save the manufacturing expenses but the same SMT equipment will perform multiple functions,” says Navin Rajendra, Lead Abalyst, Industrial Automation, Technavio Research
The SMT placement equipment market leads the global SMT market by occupying around 51% of the total market revenue. It is used to place the active and passive components on the PCBs. It is the most important equipment in surface mounting, and its market is expected to generate revenue worth $1.5 billion during the forecast period.
The leading vendors in the SMT market in APAC include ASMPT, Assembléon, Fuji Machine, Juki, and Panasonic. The market is mature and highly competitive and the presence of many vendors has reduced the profit margins and made it difficult for companies to enter the market. However, the major vendors continue to grow by bringing technologically advanced and industry-specific products for the market.
A more detailed analysis is available in the Technavio report, SMT Market in APAC 2015-2019.
We can customize reports by other regions and specific segments upon request.
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