The Latin America, Middle East and Africa Surface Mount Technology Market should witness market growth of 10.8% CAGR during the forecast period (2022-2028).
High-frequency applications, thermal management, and stress on the PCB from an incompatible coefficient of thermal expansion are some variables that must be considered when designing the device. The traditional incandescent and fluorescent light sources have been replaced by LEDs. LED lighting has a far longer lifespan and higher power efficiency than incandescent and fluorescent bulbs. The advantages of LEDs' attributes, namely their compact size and low consumption of electricity, are being reaped by the electronics manufacturing sector.
Its business will greatly benefit from the rising demand for integrated modules like system-on-a-chip and multichip. As a result of their central role in the electronics sector, automation will benefit the industry's growth. These products' affordable prices, high levels of availability, and quick turnaround times provide the makers with a sizable profit and boost the market's overall revenue.
In addition, electronic sound equipment has become increasingly prevalent in hospitals and clinics to aid in the early diagnosis of illnesses as well as their efficient treatment and management. A fast rise in the number of end-userindustries has occurred with the introduction of advanced electronic sound components. Moreover, the expanding usage of integrated circuits that contain passive components also increase the demand for surface mount technology devices.
The region's expanding tourist industry and ex-pat community primarily fuel the market. In Israel, numerous large-scale shopping centers andmalls are currently being built due to investments made by the public and private sectors in infrastructure development to support the country's expanding population, burgeoning tourism industry, and rising per capita GDP. Additionally, this has led to demand for numerous lightning systems that use SMT, as well as machinery and equipment that aid in establishing infrastructure. Thus, it is anticipated that the regional demand for various consumer products will drive the growth of the surface mount technology market throughout the forecast period.
The Brazil market dominated the LAMEA Surface Mount Technology Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $126.2 million by 2028. The Argentina market is experiencing a CAGR of 11.4% during (2022-2028). Additionally, The UAE market would display a CAGR of 10.5% during (2022-2028).
Based on Industry, the market is segmented into Consumer Electronics, Telecommunication, Aerospace & Defense, Industrial, Medical, Automotive and Energy & Power Systems. Based on Equipment, the market is segmented into Placement Equipment, Inspection Equipment, Soldering Equipment, Screen Printing Equipment, Cleaning Equipment and Repair & Rework Equipment. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Nordson Corporation, KLA Corporation, Yamaha Motor Co., Ltd., Juki Corporation, Viscom AG, Hitachi High-Tech Corporation (Hitachi, Ltd.), Saki Corporation, Electro Scientific Industries (MKS Instruments, Inc. ), Fuji Machinery Co., Ltd. and Mycronic AB.
High-frequency applications, thermal management, and stress on the PCB from an incompatible coefficient of thermal expansion are some variables that must be considered when designing the device. The traditional incandescent and fluorescent light sources have been replaced by LEDs. LED lighting has a far longer lifespan and higher power efficiency than incandescent and fluorescent bulbs. The advantages of LEDs' attributes, namely their compact size and low consumption of electricity, are being reaped by the electronics manufacturing sector.
Its business will greatly benefit from the rising demand for integrated modules like system-on-a-chip and multichip. As a result of their central role in the electronics sector, automation will benefit the industry's growth. These products' affordable prices, high levels of availability, and quick turnaround times provide the makers with a sizable profit and boost the market's overall revenue.
In addition, electronic sound equipment has become increasingly prevalent in hospitals and clinics to aid in the early diagnosis of illnesses as well as their efficient treatment and management. A fast rise in the number of end-userindustries has occurred with the introduction of advanced electronic sound components. Moreover, the expanding usage of integrated circuits that contain passive components also increase the demand for surface mount technology devices.
The region's expanding tourist industry and ex-pat community primarily fuel the market. In Israel, numerous large-scale shopping centers andmalls are currently being built due to investments made by the public and private sectors in infrastructure development to support the country's expanding population, burgeoning tourism industry, and rising per capita GDP. Additionally, this has led to demand for numerous lightning systems that use SMT, as well as machinery and equipment that aid in establishing infrastructure. Thus, it is anticipated that the regional demand for various consumer products will drive the growth of the surface mount technology market throughout the forecast period.
The Brazil market dominated the LAMEA Surface Mount Technology Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $126.2 million by 2028. The Argentina market is experiencing a CAGR of 11.4% during (2022-2028). Additionally, The UAE market would display a CAGR of 10.5% during (2022-2028).
Based on Industry, the market is segmented into Consumer Electronics, Telecommunication, Aerospace & Defense, Industrial, Medical, Automotive and Energy & Power Systems. Based on Equipment, the market is segmented into Placement Equipment, Inspection Equipment, Soldering Equipment, Screen Printing Equipment, Cleaning Equipment and Repair & Rework Equipment. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Nordson Corporation, KLA Corporation, Yamaha Motor Co., Ltd., Juki Corporation, Viscom AG, Hitachi High-Tech Corporation (Hitachi, Ltd.), Saki Corporation, Electro Scientific Industries (MKS Instruments, Inc. ), Fuji Machinery Co., Ltd. and Mycronic AB.
Scope of the Study
By Industry
- Consumer Electronics
- Telecommunication
- Aerospace & Defense
- Industrial
- Medical
- Automotive
- Energy & Power Systems
By Equipment
- Placement Equipment
- Inspection Equipment
- Soldering Equipment
- Screen Printing Equipment
- Cleaning Equipment
- Repair & Rework Equipment
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Nordson Corporation
- KLA Corporation
- Yamaha Motor Co., Ltd.
- Juki Corporation
- Viscom AG
- Hitachi High-Tech Corporation (Hitachi, Ltd.)
- Saki Corporation
- Electro Scientific Industries (MKS Instruments, Inc. )
- Fuji Machinery Co., Ltd.
- Mycronic AB
Unique Offerings
- Exhaustive coverage
- The highest number of Market tables and figures
- Subscription-based model available
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- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market Overview
Chapter 3. Competition Analysis - Global
Chapter 4. LAMEA Surface Mount Technology Market by Industry
Chapter 5. LAMEA Surface Mount Technology Market by Equipment
Chapter 6. LAMEA Surface Mount Technology Market by Country
Chapter 7. Company Profiles
Companies Mentioned
- Nordson Corporation
- KLA Corporation
- Yamaha Motor Co., Ltd.
- Juki Corporation
- Viscom AG
- Hitachi High-Tech Corporation (Hitachi, Ltd.)
- Saki Corporation
- Electro Scientific Industries (MKS Instruments, Inc. )
- Fuji Machinery Co., Ltd.
- Mycronic AB
Methodology
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About the Surface Mount Technology Market
Surface Mount Technology (SMT) is a method of electronic circuit assembly used in the semiconductor industry. It is a process in which components are mounted directly onto the surface of a printed circuit board (PCB) without the use of through-hole technology. SMT components are typically smaller than their through-hole counterparts, allowing for higher component density and increased circuit board performance. SMT also offers improved electrical performance, as the components are soldered directly Read more
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