The global market for Surface Mount Technology (SMT) Equipment was valued at US$4.3 Billion in 2024 and is projected to reach US$6.3 Billion by 2030, growing at a CAGR of 6.8% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. The report includes the most recent global tariff developments and how they impact the Surface Mount Technology (SMT) Equipment market.
The adoption of SMT equipment has revolutionized electronics manufacturing by enhancing production speed, reducing labor costs, and improving product reliability. SMT enables the production of compact and lightweight electronic devices, which are in high demand in consumer electronics, automotive, telecommunications, and medical devices industries. The ongoing trend towards miniaturization and the increasing complexity of electronic circuits have driven manufacturers to invest in advanced SMT equipment. Innovations such as 3D printing and automation in SMT processes have further streamlined production, enabling manufacturers to meet the growing demand for high-quality electronic products.
The growth in the SMT equipment market is driven by several factors. The rising demand for miniaturized and lightweight electronic devices in consumer electronics and automotive sectors is a significant driver. The continuous advancements in telecommunications, particularly with the rollout of 5G technology, require sophisticated and reliable electronic components, boosting the need for SMT equipment. Additionally, the increasing complexity of electronic circuits in various applications necessitates the use of advanced SMT equipment to ensure precision and efficiency. The trend towards Industry 4.0 and the integration of IoT in manufacturing processes also contribute to the market growth, as manufacturers seek to enhance production capabilities and maintain competitiveness.
Segments: Equipment Type (High-Speed Placement Equipment, Medium-Speed Placement Equipment, Low-Speed Placement Equipment, Automatic Screen Print Equipment, Semiautomatic Screen Print Equipment, Optical Inspection Equipment, X-Ray Inspection Equipment, Other Equipment Types); Application (Consumer Electronics, Telecommunications, Automotive, Medical, Industrial, Other Applications).
Geographic Regions/Countries: World; USA; Japan; China; Europe; Asia-Pacific; South Korea; Taiwan; Rest of Asia-Pacific; Rest of World.
The analysts continuously track trade developments worldwide, drawing insights from leading global economists and over 200 industry and policy institutions, including think tanks, trade organizations, and national economic advisory bodies. This intelligence is integrated into forecasting models to provide timely, data-driven analysis of emerging risks and opportunities.
Abstract:
Global Surface Mount Technology (SMT) Equipment Market to Reach US$6.3 Billion by 2030
The global market for Surface Mount Technology (SMT) Equipment estimated at US$4.3 Billion in the year 2024, is expected to reach US$6.3 Billion by 2030, growing at a CAGR of 6.8% over the analysis period 2024-2030. Consumer Electronics, one of the segments analyzed in the report, is expected to record a 6.4% CAGR and reach US$2.1 Billion by the end of the analysis period. Growth in the Telecommunications segment is estimated at 6.3% CAGR over the analysis period.Global Surface Mount Technology (SMT) Equipment Market - Key Trends & Drivers Summarized
Surface Mount Technology (SMT) equipment plays a critical role in the electronics manufacturing industry, allowing for the efficient placement of electronic components onto printed circuit boards (PCBs). Unlike traditional through-hole technology, SMT mounts components directly onto the surface of PCBs, enabling higher component density and miniaturization of electronic devices. SMT equipment includes a range of machines such as pick-and-place machines, soldering systems, screen printers, and inspection equipment. These machines work in tandem to ensure precise placement, soldering, and inspection of components, resulting in reliable and high-performance electronic assemblies.The adoption of SMT equipment has revolutionized electronics manufacturing by enhancing production speed, reducing labor costs, and improving product reliability. SMT enables the production of compact and lightweight electronic devices, which are in high demand in consumer electronics, automotive, telecommunications, and medical devices industries. The ongoing trend towards miniaturization and the increasing complexity of electronic circuits have driven manufacturers to invest in advanced SMT equipment. Innovations such as 3D printing and automation in SMT processes have further streamlined production, enabling manufacturers to meet the growing demand for high-quality electronic products.
The growth in the SMT equipment market is driven by several factors. The rising demand for miniaturized and lightweight electronic devices in consumer electronics and automotive sectors is a significant driver. The continuous advancements in telecommunications, particularly with the rollout of 5G technology, require sophisticated and reliable electronic components, boosting the need for SMT equipment. Additionally, the increasing complexity of electronic circuits in various applications necessitates the use of advanced SMT equipment to ensure precision and efficiency. The trend towards Industry 4.0 and the integration of IoT in manufacturing processes also contribute to the market growth, as manufacturers seek to enhance production capabilities and maintain competitiveness.
Report Scope
The report analyzes the Surface Mount Technology (SMT) Equipment market, presented in terms of units. The analysis covers the key segments and geographic regions outlined below.Segments: Equipment Type (High-Speed Placement Equipment, Medium-Speed Placement Equipment, Low-Speed Placement Equipment, Automatic Screen Print Equipment, Semiautomatic Screen Print Equipment, Optical Inspection Equipment, X-Ray Inspection Equipment, Other Equipment Types); Application (Consumer Electronics, Telecommunications, Automotive, Medical, Industrial, Other Applications).
Geographic Regions/Countries: World; USA; Japan; China; Europe; Asia-Pacific; South Korea; Taiwan; Rest of Asia-Pacific; Rest of World.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Consumer Electronics segment, which is expected to reach US$2.1 Billion by 2030 with a CAGR of a 6.4%. The Telecommunications segment is also set to grow at 6.3% CAGR over the analysis period.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Surface Mount Technology (SMT) Equipment Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Surface Mount Technology (SMT) Equipment Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Surface Mount Technology (SMT) Equipment Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of players such as Excelitas Technologies Corporation, ASM International NV, Electro Scientific Industries, Inc., CyberOptics Corporation, Accutron, Inc. and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Some of the 112 companies featured in this Surface Mount Technology (SMT) Equipment market report include:
- Excelitas Technologies Corporation
- ASM International NV
- Electro Scientific Industries, Inc.
- CyberOptics Corporation
- Accutron, Inc.
- AEM Components, Inc.
- Air-Vac Engineering Co., Inc.
- BTU International, Inc.
- Alco Holdings Ltd.
- EsiWelma Srl
- Fuji Machine Manufacturing Co., Ltd.
- Autotronik-SMT GmbH
- Florida CirTech
- Beijing Torch SMT Co., Ltd.
- Advanced Mechatronics Solutions, Inc.
Tariff Impact Analysis: Key Insights for 2025
Global tariff negotiations across 180+ countries are reshaping supply chains, costs, and competitiveness. This report reflects the latest developments as of April 2025 and incorporates forward-looking insights into the market outlook.The analysts continuously track trade developments worldwide, drawing insights from leading global economists and over 200 industry and policy institutions, including think tanks, trade organizations, and national economic advisory bodies. This intelligence is integrated into forecasting models to provide timely, data-driven analysis of emerging risks and opportunities.
What’s Included in This Edition:
- Tariff-adjusted market forecasts by region and segment
- Analysis of cost and supply chain implications by sourcing and trade exposure
- Strategic insights into geographic shifts
Buyers receive a free July 2025 update with:
- Finalized tariff impacts and new trade agreement effects
- Updated projections reflecting global sourcing and cost shifts
- Expanded country-specific coverage across the industry
Table of Contents
I. METHODOLOGYMII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISSOUTH KOREATAIWANREST OF ASIA-PACIFICREST OF WORLDIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
JAPAN
CHINA
EUROPE
ASIA-PACIFIC
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Excelitas Technologies Corporation
- ASM International NV
- Electro Scientific Industries, Inc.
- CyberOptics Corporation
- Accutron, Inc.
- AEM Components, Inc.
- Air-Vac Engineering Co., Inc.
- BTU International, Inc.
- Alco Holdings Ltd.
- EsiWelma Srl
- Fuji Machine Manufacturing Co., Ltd.
- Autotronik-SMT GmbH
- Florida CirTech
- Beijing Torch SMT Co., Ltd.
- Advanced Mechatronics Solutions, Inc.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 466 |
| Published | April 2025 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value ( USD | $ 4.3 Billion |
| Forecasted Market Value ( USD | $ 6.3 Billion |
| Compound Annual Growth Rate | 6.8% |
| Regions Covered | Global |
