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At 8+% CAGR, Surface Mount Technology Market Potentially Worth $5.42 Billion by 2022 Led by Inspection Equipment

PUNE, India, March 12, 2017 /PRNewswire-iReach/ -- The placement equipment expected to hold a major share of the surface mount technology market during the forecast period. Placement equipment is expected to hold a major share of the market by 2022. Placement equipment is one of the most important parts of SMT manufacturing since it places the components reliably and accurately enough to meet the output requirements in an optimized manner. The SMT placement equipment with full component feeders accounted for about 50% of the total capital investment which is required for a medium-volume SMT manufacturing line. Complete report on "Surface Mount Technology Market" spread across 198 pages, profiling 10 companies and supported with 82 tables and 103 figures is now available at http://www.rnrmarketresearch.com/surface-mount-technology-market-by-equipment-soldering-screen-print-placement-inspection-cleaning-repair-rework-by-application-automotive-consumer-electronics-telecommunication-medical-and-region-global-forecast-to-2020-market-report.html .

The market for consumer electronics expected to grow at the highest rate between 2017 and 2022. The consumer electronics market is expected to grow at the highest rate between 2017 and 2022. The growing trend of miniaturization in consumer electronics, higher production speed, introduction of new products on a continuous basis, and increasing spending budgets on consumer electronics are the factors fueling the growth of the SMT technology in the consumer electronics industry.

The surface mount technology market expected to exhibit significant growth potential between 2017 and 2022. However, the factors such as high investment cost for setting up of production units, and the high frequency and need for thermal management are the major factors restraining the growth of this market.

The surface mount technology market in APAC expected to grow at the highest rate during the forecast period. The surface mount technology market in the APAC region is expected to grow at the highest rate between 2016 and 2022. The increasing wireless communication standards and the rising demand for 3G/4G networks are boosting the demand for SMT in the telecommunication sector in this region. China is one of the fastest-growing economies in the world, and its market for SMT is expected to grow primarily because of the vast number of SMT manufacturing companies.

This research study is obliging for following audience:

  1. Integrated circuit designers
  2. Original equipment manufacturers (OEMs)
  3. Product manufacturers
  4. Raw material and manufacturing equipment suppliers
  5. Research organizations and consulting companies
  6. Semiconductor product designers and fabricators
  7. Smart grid integrators
  8. Surface mount component and device distributors and providers
  9. Surface mount devices manufacturing companies
  10. Technology investors
  11. Technology standard organizations, forums, alliances, and associations

The key players in the surface mount technology market include Fuji Machine Manufacturing Co., Ltd. (Japan), Hitachi High-Technologies Corporation (Japan), Mycronic AB (Sweden), Nordson Corporation (U.S.), Orbotech Ltd. (Israel), ASM Assembly Systems GmbH & Co. KG (Germany), CyberOptics Corporation (U.S.), Electro Scientific Industries Inc. (Oregon), Juki Corporation (Japan), and Viscom AG (Germany).Download PDF Brochure "Surface Mount Technology Market by Equipment (Placement, Inspection, Soldering, Screen Printing, Cleaning, Repair & Rework), Application (Consumer Electronics, Automotive, Aerospace & Defense), and Geography - Global Forecast to 2022" research report at http://www.rnrmarketresearch.com/contacts/request-sample?rname=429537 .

In the process of determining and verifying, the market size for several segments and sub segments gathered through secondary research, extensive primary interviews were conducted with key people. In Tier 1 (42%), Tier 2 (33%) and Tier 3 (25%) companies were contacted for primary interviews. The interviews were conducted with various key people such as C-Level (46%), D-Level (35%) and others (19%) from various key organizations operating in the Surface Mount Technology Market. The primary interviews were conducted worldwide covering regions such as North America (49%), Europe (24%), APAC (21%) and RoW (6%).

Research Coverage: The research report analyzes the surface mount technology market based on the following segments - equipment, application, and geography. The market has been segmented on the basis of equipment into screen print, soldering, placement, inspection, cleaning, and repairs & rework equipment. The report covers the market segmented on the basis of the following applications: consumer electronics, telecommunication, aerospace & defense, automotive, medical, industrial, and energy & power systems. The report also covers the market segmented on the basis of four major regions: North America, Europe, APAC, and RoW.

On a related note, another research titled MEMS Oscillator Market Global Forecast to 2022 says, the overall MEMS oscillator market was valued at $79.2 million in 2016 and is expected to reach $802.8 million by 2022, at a CAGR of 46.08% between 2017 and 2022. Market for temperature-compensated MEMS oscillators expected to grow at the highest rate during the forecast period. Wearables and Internet of Things application accounted for the largest share of the MEMS oscillator market during the forecast period. MEMS oscillator market in APAC expected to grow at the highest rate during the forecast period. Companies such as SiTime Corporation (U.S.), Microchip Technology Inc. (U.S.), Vectron International, Inc. (U.S.), Abracon Holdings, LLC (U.S.), Daishhinku Corp. (Japan), Ecliptek Corporation (U.S.), Jauch Quartz GmbH (Germany), IQD Frequency Products Limited (U.K.), ILSI America LLC (U.S.) and Raltron Electronics Corporation (U.S.) have been profiled in this 152 pages research report available at http://www.rnrmarketresearch.com/mems-oscillator-market-by-packaging-type-surface-mount-device-package-and-chip-scale-package-band-mhz-and-khz-general-circuitry-spmo-tcmo-vcmo-fsmo-dcmo-and-ssmo-application-and-geography-global-for-st-to-2022-market-report.html .

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