Surface Mount Technology Equipment Market Expected to Grow at the Rate of More than 8% from 2016 to 2022
The global surface mount technology equipment market is expected to rise at a CAGR of 8% over the forecast period from 2016 to 2022, according to the latest research report published by Market Research Future (MRFR). The global surface mount technology equipment market is mainly driven by the growing demand for printed circuit boards in the automotive industry and consumer electronics. The global surface mount technology equipment market is expected to jump to a valuation of USD 4 billion by 2022, according to MRFR.
The growing demand for printed circuit boards from the global automotive and consumer electronics industries is likely to be the major driver for the surface mount technology equipment market over the forecast period. The growing demand for consumer electronics has been a key feature of the global economy in the last few years, while the growing demand for automotive electronics and enhanced driver assistance systems has driven the demand for printed circuit boards in the automotive industry. The growing demand for smart car technology is likely to be a key driver for the global surface mount technology equipment market.
Competitive Analysis:
Leading players in the global surface mount technology equipment market include Orbotech Ltd., Hitachi High-Technologies Corporation, Nordson Corporation, Assembly Systems, Mycronic AB, Fuji Machine Manufacturing Co. Ltd., and CyberOptics Corporation.
Get Free Sample Report @ https://www.marketresearchfuture.com/sample_request/2248
Segmentation:
The global surface mount technology equipment market is segmented on the basis of equipment, end use, component, and region.
By equipment, the global surface mount technology equipment market is segmented into pick and place, coating equipment, solder equipment, cleaning agents, and rework and repair equipment.
By end use, the global surface mount technology equipment market is segmented into telecommunication, consumer electronics, automotive, and medical.
By component, the global surface mount technology equipment market is segmented into passive surface mount devices, transistor & diodes, and integrated circuits.
Regional Analysis:
The growing consumer electronics manufacturing sector in Asia Pacific is also likely to play a key role in the growth of the surface mount technology equipment market over the forecast period. China, Japan, and South Korea have emerged as leading manufacturers of consumer electronics, including smartphones, laptops, as well as home appliances, leading to a growing demand for effective printed circuit boards. This is likely to be a key driver for the global surface mount technology equipment market over the forecast period.
Major Highlights of TOC Covers:
1. Executive Summary
2. Key Business Trends
3. Regional Trends and Growth
4. Product Trends
5. End-use Trends
6. Definition and Forecast Parameters
7. Surface mount technology equipment Market Segmentation
8. Surface mount technology equipment Market Landscape
9. Vendor Matrix
10. Company Profiles
11. Business Overview
more...
If you have any requirements, let know and we will customize the report according to your need.
FOR MORE DETAILS – https://www.marketresearchfuture.com/reports/surface-mount-technology-equipment-market-2248
About Us:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
Contact Us
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune - 411028
Maharashtra, India
+1 646 845 9312
Email: [email protected]