SMT Equipment Market Size and Forecast, Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Component, Equipment Type, End User, and Geography

List of Tables

The SMT Equipment market size was valued at US$ 6.38 billion in 2023 and is expected to reach US$ 10.19 billion by 2031; it is estimated to record a CAGR of 6.0% from 2023 to 2031.

The SMT Equipment market is segmented into five major regions-North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South & Central America. Asia Pacific dominated the market in 2023, followed by North America and Europe, respectively.

Future electronic device development is expected to be strongly influenced by through-silicon-via technology, a type of vertical interconnect access (VIA) connection used in IC packaging to provide vertical electrical connections between silicon wafers or dies. TSV technology establishes electrical contact with surface-mounted devices while mirrored sidewalls enhance package reflectivity and improve light efficiency.

The Asia Pacific SMT equipment market is segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. The SMT equipment market in Asia is expected to grow significantly, driven by the rising demand for printed circuit board assemblies (PCBA) in various industries, including automotive, consumer electronics, and aerospace. Various global players are expanding in Asia Pacific to provide SMT equipment to meet the demands of these growing industries and provide cutting-edge technology, solutions, and experience. For example, in April 2024, Essemtec AG expanded its network of demo centers in Asia to meet the growing demand for SMT equipment. Essemtec and its partners operate six demo centers in Asia, with a seventh center slated to open in Q3 2024. The establishment of these demo centers is part of Essemtec's strategic collaboration with its partners, a partnership designed to amplify Essemtec's reach and deliver advanced solutions to a wider customer base. The current demo centers are in Lumpur, Bangkok, Pune, Shenzhen, and Shanghai (2 centers).

Based on component, the market is divided into passive component and active component. Passive component held considerable SMT equipment market share 2023. A resistor is an electrical device that resists the flow of electric current. SMT resistors typically have resistance values ranging from 1 ohm to several megaohms. SMT resistors are classified into several types, and each SMT type is used for a specific application. For example, highly precise and stable thin-film resistors are ideal for use in precision applications such as instrumentation. They are commonly available in resistance values ranging from 1 ohm to 3 megaohms, with tolerance levels as low as 0.01%. Thick film resistors are commonly used as less-expensive resistors where precision is not required.

Hitachi High-Tech Corp, Juki Corporation, ASMPT Ltd, Yamaha Motor Co Ltd, Nordson Corp, KLA Corp, Viscom AG, Fuji Corporation, Saki Corporation, and Mycronic are among the key SMT Equipment market players that are profiled in this market study.

The overall SMT Equipment market size has been derived using both primary and secondary sources. Exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the SMT Equipment market size. The process also helps obtain an overview and forecast of the market with respect to all the market segments. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain analytical insights. This process includes industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the SMT Equipment market.

Product Code: TIPRE00018394

1. Introduction

1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation

2. Executive Summary

2.1 Key Insights
2.2 Market Attractiveness

3. Research Methodology

3.1 Secondary Research
3.2 Primary Research
- 3.2.1 Hypothesis formulation:
- 3.2.2 Macro-economic factor analysis:
- 3.2.3 Developing base number:
- 3.2.4 Data Triangulation:
- 3.2.5 Country level data:

4. SMT Equipment Market Landscape

4.1 Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
- 4.3.1 List of Vendors in the Value Chain

5. SMT Equipment Market - Key Market Dynamics

5.1 SMT Equipment Market - Key Market Dynamics
5.2 Market Drivers
- 5.2.1 Growing Consumer Electronics Industry
- 5.2.2 Increasing Miniaturization of Electronic Products
5.3 Market Restraints
- 5.3.1 High Initial Investments
5.4 Market Opportunities
- 5.4.1 Increasing Need for Environment-Friendly Electronic Components
- 5.4.2 Growing Industrial Automation
5.5 Future Trends
- 5.5.1 Evolution of 3D Packaging and Through Silicon Via (TSV) Technologies
5.6 Impact of Drivers and Restraints:

6. SMT Equipment Market - Global Market Analysis

6.1 SMT Equipment Market Revenue (US$ Million), 2021-2031
6.2 SMT Equipment Market Forecast Analysis

7. SMT Equipment Market Analysis - by Component

7.1 Passive Component
- 7.1.1 Overview
- 7.1.2 Passive Component: SMT Equipment Market - Revenue and Forecast to 2031 (US$ Million)
7.2 Active Component
- 7.2.1 Overview
- 7.2.2 Active Component: SMT Equipment Market - Revenue and Forecast to 2031 (US$ Million)

8. SMT Equipment Market Analysis - by Equipment Type

8.1 Inspection Equipment
- 8.1.1 Overview
- 8.1.2 Inspection Equipment: SMT Equipment Market - Revenue and Forecast to 2031 (US$ Million)
8.2 Placement Equipment
- 8.2.1 Overview
- 8.2.2 Placement Equipment: SMT Equipment Market - Revenue and Forecast to 2031 (US$ Million)
8.3 Soldering Equipment
- 8.3.1 Overview
- 8.3.2 Soldering Equipment: SMT Equipment Market - Revenue and Forecast to 2031 (US$ Million)
8.4 Screen Printing Equipment
- 8.4.1 Overview
- 8.4.2 Screen Printing Equipment: SMT Equipment Market - Revenue and Forecast to 2031 (US$ Million)
8.5 Cleaning Equipment
- 8.5.1 Overview
- 8.5.2 Cleaning Equipment: SMT Equipment Market - Revenue and Forecast to 2031 (US$ Million)
8.6 Others
- 8.6.1 Overview
- 8.6.2 Others: SMT Equipment Market - Revenue and Forecast to 2031 (US$ Million)

9. SMT Equipment Market Analysis - by End User

9.1 Consumer Electronics
- 9.1.1 Overview
- 9.1.2 Consumer Electronics: SMT Equipment Market - Revenue and Forecast to 2031 (US$ Million)
9.2 Telecommunication
- 9.2.1 Overview
- 9.2.2 Telecommunication: SMT Equipment Market - Revenue and Forecast to 2031 (US$ Million)
9.3 Aerospace and Defense
- 9.3.1 Overview
- 9.3.2 Aerospace and Defense: SMT Equipment Market - Revenue and Forecast to 2031 (US$ Million)
9.4 Automotive
- 9.4.1 Overview
- 9.4.2 Automotive: SMT Equipment Market - Revenue and Forecast to 2031 (US$ Million)
9.5 Industrial
- 9.5.1 Overview
- 9.5.2 Industrial: SMT Equipment Market - Revenue and Forecast to 2031 (US$ Million)
9.6 Others
- 9.6.1 Overview
- 9.6.2 Others: SMT Equipment Market - Revenue and Forecast to 2031 (US$ Million)

10. SMT Equipment Market - Geographical Analysis

10.1 Overview
10.2 North America
- 10.2.1 North America SMT Equipment Market Overview
- 10.2.2 North America: SMT Equipment Market - Revenue and Forecast to 2031 (US$ Million)
- 10.2.3 North America: SMT Equipment Market Breakdown, by Component
  - 10.2.3.1 North America: SMT Equipment Market - Revenue and Forecast Analysis - by Component
- 10.2.4 North America: SMT Equipment Market Breakdown, by Equipment Type
  - 10.2.4.1 North America: SMT Equipment Market - Revenue and Forecast Analysis - by Equipment Type
- 10.2.5 North America: SMT Equipment Market Breakdown, by End User
  - 10.2.5.1 North America: SMT Equipment Market - Revenue and Forecast Analysis - by End User
- 10.2.6 North America: SMT Equipment Market - Revenue and Forecast Analysis - by Country
  - 10.2.6.1 North America: SMT Equipment Market - Revenue and Forecast Analysis - by Country
  - 10.2.6.2 United States: SMT Equipment Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.2.6.2.1 United States: SMT Equipment Market Breakdown, by Component
    - 10.2.6.2.2 United States: SMT Equipment Market Breakdown, by Equipment Type
    - 10.2.6.2.3 United States: SMT Equipment Market Breakdown, by End User
  - 10.2.6.3 Canada: SMT Equipment Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.2.6.3.1 Canada: SMT Equipment Market Breakdown, by Component
    - 10.2.6.3.2 Canada: SMT Equipment Market Breakdown, by Equipment Type
    - 10.2.6.3.3 Canada: SMT Equipment Market Breakdown, by End User
  - 10.2.6.4 Mexico: SMT Equipment Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.2.6.4.1 Mexico: SMT Equipment Market Breakdown, by Component
    - 10.2.6.4.2 Mexico: SMT Equipment Market Breakdown, by Equipment Type
    - 10.2.6.4.3 Mexico: SMT Equipment Market Breakdown, by End User
10.3 Europe
- 10.3.1 Europe SMT Equipment Market Overview
- 10.3.2 Europe: SMT Equipment Market - Revenue and Forecast to 2031 (US$ Million)
- 10.3.3 Europe: SMT Equipment Market Breakdown, by Component
  - 10.3.3.1 Europe: SMT Equipment Market - Revenue and Forecast Analysis - by Component
- 10.3.4 Europe: SMT Equipment Market Breakdown, by Equipment Type
  - 10.3.4.1 Europe: SMT Equipment Market - Revenue and Forecast Analysis - by Equipment Type
- 10.3.5 Europe: SMT Equipment Market Breakdown, by End User
  - 10.3.5.1 Europe: SMT Equipment Market - Revenue and Forecast Analysis - by End User
- 10.3.6 Europe: SMT Equipment Market - Revenue and Forecast Analysis - by Country
  - 10.3.6.1 Europe: SMT Equipment Market - Revenue and Forecast Analysis - by Country
  - 10.3.6.2 Germany: SMT Equipment Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.3.6.2.1 Germany: SMT Equipment Market Breakdown, by Component
    - 10.3.6.2.2 Germany: SMT Equipment Market Breakdown, by Equipment Type
    - 10.3.6.2.3 Germany: SMT Equipment Market Breakdown, by End User
  - 10.3.6.3 United Kingdom: SMT Equipment Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.3.6.3.1 United Kingdom: SMT Equipment Market Breakdown, by Component
    - 10.3.6.3.2 United Kingdom: SMT Equipment Market Breakdown, by Equipment Type
    - 10.3.6.3.3 United Kingdom: SMT Equipment Market Breakdown, by End User
  - 10.3.6.4 France: SMT Equipment Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.3.6.4.1 France: SMT Equipment Market Breakdown, by Component
    - 10.3.6.4.2 France: SMT Equipment Market Breakdown, by Equipment Type
    - 10.3.6.4.3 France: SMT Equipment Market Breakdown, by End User
  - 10.3.6.5 Italy: SMT Equipment Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.3.6.5.1 Italy: SMT Equipment Market Breakdown, by Component
    - 10.3.6.5.2 Italy: SMT Equipment Market Breakdown, by Equipment Type
    - 10.3.6.5.3 Italy: SMT Equipment Market Breakdown, by End User
  - 10.3.6.6 Russian Federation: SMT Equipment Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.3.6.6.1 Russian Federation: SMT Equipment Market Breakdown, by Component
    - 10.3.6.6.2 Russian Federation: SMT Equipment Market Breakdown, by Equipment Type
    - 10.3.6.6.3 Russian Federation: SMT Equipment Market Breakdown, by End User
  - 10.3.6.7 Rest of Europe: SMT Equipment Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.3.6.7.1 Rest of Europe: SMT Equipment Market Breakdown, by Component
    - 10.3.6.7.2 Rest of Europe: SMT Equipment Market Breakdown, by Equipment Type
    - 10.3.6.7.3 Rest of Europe: SMT Equipment Market Breakdown, by End User
10.4 Asia Pacific
- 10.4.1 Asia Pacific SMT Equipment Market Overview
- 10.4.2 Asia Pacific: SMT Equipment Market - Revenue and Forecast to 2031 (US$ Million)
- 10.4.3 Asia Pacific: SMT Equipment Market Breakdown, by Component
  - 10.4.3.1 Asia Pacific: SMT Equipment Market - Revenue and Forecast Analysis - by Component
- 10.4.4 Asia Pacific: SMT Equipment Market Breakdown, by Equipment Type
  - 10.4.4.1 Asia Pacific: SMT Equipment Market - Revenue and Forecast Analysis - by Equipment Type
- 10.4.5 Asia Pacific: SMT Equipment Market Breakdown, by End User
  - 10.4.5.1 Asia Pacific: SMT Equipment Market - Revenue and Forecast Analysis - by End User
- 10.4.6 Asia Pacific: SMT Equipment Market - Revenue and Forecast Analysis - by Country
  - 10.4.6.1 Asia Pacific: SMT Equipment Market - Revenue and Forecast Analysis - by Country
  - 10.4.6.2 China: SMT Equipment Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.4.6.2.1 China: SMT Equipment Market Breakdown, by Component
    - 10.4.6.2.2 China: SMT Equipment Market Breakdown, by Equipment Type
    - 10.4.6.2.3 China: SMT Equipment Market Breakdown, by End User
  - 10.4.6.3 Japan: SMT Equipment Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.4.6.3.1 Japan: SMT Equipment Market Breakdown, by Component
    - 10.4.6.3.2 Japan: SMT Equipment Market Breakdown, by Equipment Type
    - 10.4.6.3.3 Japan: SMT Equipment Market Breakdown, by End User
  - 10.4.6.4 South Korea: SMT Equipment Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.4.6.4.1 South Korea: SMT Equipment Market Breakdown, by Component
    - 10.4.6.4.2 South Korea: SMT Equipment Market Breakdown, by Equipment Type
    - 10.4.6.4.3 South Korea: SMT Equipment Market Breakdown, by End User
  - 10.4.6.5 India: SMT Equipment Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.4.6.5.1 India: SMT Equipment Market Breakdown, by Component
    - 10.4.6.5.2 India: SMT Equipment Market Breakdown, by Equipment Type
    - 10.4.6.5.3 India: SMT Equipment Market Breakdown, by End User
  - 10.4.6.6 Australia: SMT Equipment Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.4.6.6.1 Australia: SMT Equipment Market Breakdown, by Component
    - 10.4.6.6.2 Australia: SMT Equipment Market Breakdown, by Equipment Type
    - 10.4.6.6.3 Australia: SMT Equipment Market Breakdown, by End User
  - 10.4.6.7 Rest of APAC: SMT Equipment Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.4.6.7.1 Rest of APAC: SMT Equipment Market Breakdown, by Component
    - 10.4.6.7.2 Rest of APAC: SMT Equipment Market Breakdown, by Equipment Type
    - 10.4.6.7.3 Rest of APAC: SMT Equipment Market Breakdown, by End User
10.5 Middle East and Africa
- 10.5.1 Middle East and Africa SMT Equipment Market Overview
- 10.5.2 Middle East and Africa: SMT Equipment Market - Revenue and Forecast to 2031 (US$ Million)
- 10.5.3 Middle East and Africa: SMT Equipment Market Breakdown, by Component
  - 10.5.3.1 Middle East and Africa: SMT Equipment Market - Revenue and Forecast Analysis - by Component
- 10.5.4 Middle East and Africa: SMT Equipment Market Breakdown, by Equipment Type
  - 10.5.4.1 Middle East and Africa: SMT Equipment Market - Revenue and Forecast Analysis - by Equipment Type
- 10.5.5 Middle East and Africa: SMT Equipment Market Breakdown, by End User
  - 10.5.5.1 Middle East and Africa: SMT Equipment Market - Revenue and Forecast Analysis - by End User
- 10.5.6 Middle East and Africa: SMT Equipment Market - Revenue and Forecast Analysis - by Country
  - 10.5.6.1 Middle East and Africa: SMT Equipment Market - Revenue and Forecast Analysis - by Country
  - 10.5.6.2 South Africa: SMT Equipment Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.5.6.2.1 South Africa: SMT Equipment Market Breakdown, by Component
    - 10.5.6.2.2 South Africa: SMT Equipment Market Breakdown, by Equipment Type
    - 10.5.6.2.3 South Africa: SMT Equipment Market Breakdown, by End User
  - 10.5.6.3 Saudi Arabia: SMT Equipment Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.5.6.3.1 Saudi Arabia: SMT Equipment Market Breakdown, by Component
    - 10.5.6.3.2 Saudi Arabia: SMT Equipment Market Breakdown, by Equipment Type
    - 10.5.6.3.3 Saudi Arabia: SMT Equipment Market Breakdown, by End User
  - 10.5.6.4 United Arab Emirates: SMT Equipment Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.5.6.4.1 United Arab Emirates: SMT Equipment Market Breakdown, by Component
    - 10.5.6.4.2 United Arab Emirates: SMT Equipment Market Breakdown, by Equipment Type
    - 10.5.6.4.3 United Arab Emirates: SMT Equipment Market Breakdown, by End User
  - 10.5.6.5 Rest of Middle East and Africa: SMT Equipment Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.5.6.5.1 Rest of Middle East and Africa: SMT Equipment Market Breakdown, by Component
    - 10.5.6.5.2 Rest of Middle East and Africa: SMT Equipment Market Breakdown, by Equipment Type
    - 10.5.6.5.3 Rest of Middle East and Africa: SMT Equipment Market Breakdown, by End User
10.6 South and Central America
- 10.6.1 South and Central America SMT Equipment Market Overview
- 10.6.2 South and Central America: SMT Equipment Market - Revenue and Forecast to 2031 (US$ Million)
- 10.6.3 South and Central America: SMT Equipment Market Breakdown, by Component
  - 10.6.3.1 South and Central America: SMT Equipment Market - Revenue and Forecast Analysis - by Component
- 10.6.4 South and Central America: SMT Equipment Market Breakdown, by Equipment Type
  - 10.6.4.1 South and Central America: SMT Equipment Market - Revenue and Forecast Analysis - by Equipment Type
- 10.6.5 South and Central America: SMT Equipment Market Breakdown, by End User
  - 10.6.5.1 South and Central America: SMT Equipment Market - Revenue and Forecast Analysis - by End User
- 10.6.6 South and Central America: SMT Equipment Market - Revenue and Forecast Analysis - by Country
  - 10.6.6.1 South and Central America: SMT Equipment Market - Revenue and Forecast Analysis - by Country
  - 10.6.6.2 Brazil: SMT Equipment Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.6.6.2.1 Brazil: SMT Equipment Market Breakdown, by Component
    - 10.6.6.2.2 Brazil: SMT Equipment Market Breakdown, by Equipment Type
    - 10.6.6.2.3 Brazil: SMT Equipment Market Breakdown, by End User
  - 10.6.6.3 Argentina: SMT Equipment Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.6.6.3.1 Argentina: SMT Equipment Market Breakdown, by Component
    - 10.6.6.3.2 Argentina: SMT Equipment Market Breakdown, by Equipment Type
    - 10.6.6.3.3 Argentina: SMT Equipment Market Breakdown, by End User
  - 10.6.6.4 Rest of South and Central America: SMT Equipment Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.6.6.4.1 Rest of South and Central America: SMT Equipment Market Breakdown, by Component
    - 10.6.6.4.2 Rest of South and Central America: SMT Equipment Market Breakdown, by Equipment Type
    - 10.6.6.4.3 Rest of South and Central America: SMT Equipment Market Breakdown, by End User

11. Competitive Landscape

11.1 Heat Map Analysis By Key Players
11.2 Company Positioning & Concentration

12. Industry Landscape

12.1 Overview
12.2 Market Initiative
12.3 Product Development

13. Company Profiles

13.1 Hitachi High-Tech Corp
- 13.1.1 Key Facts
- 13.1.2 Business Description
- 13.1.3 Products and Services
- 13.1.4 Financial Overview
- 13.1.5 SWOT Analysis
- 13.1.6 Key Developments
13.2 ASMPT Ltd
- 13.2.1 Key Facts
- 13.2.2 Business Description
- 13.2.3 Products and Services
- 13.2.4 Financial Overview
- 13.2.5 SWOT Analysis
- 13.2.6 Key Developments
13.3 Yamaha Motor Co Ltd
- 13.3.1 Key Facts
- 13.3.2 Business Description
- 13.3.3 Products and Services
- 13.3.4 Financial Overview
- 13.3.5 SWOT Analysis
- 13.3.6 Key Developments
13.4 Nordson Corp
- 13.4.1 Key Facts
- 13.4.2 Business Description
- 13.4.3 Products and Services
  - 13.4.3.1 Financial Overview
- 13.4.4 SWOT Analysis
- 13.4.5 Key Developments
13.5 KLA Corp
- 13.5.1 Key Facts
- 13.5.2 Business Description
- 13.5.3 Products and Services
- 13.5.4 Financial Overview
- 13.5.5 SWOT Analysis
- 13.5.6 Key Developments
13.6 Viscom AG
- 13.6.1 Key Facts
- 13.6.2 Business Description
- 13.6.3 Products and Services
- 13.6.4 Financial Overview
- 13.6.5 SWOT Analysis
- 13.6.6 Key Developments
13.7 FUJI CORPORATION
- 13.7.1 Key Facts
- 13.7.2 Business Description
- 13.7.3 Products and Services
- 13.7.4 Financial Overview
- 13.7.5 SWOT Analysis
- 13.7.6 Key Developments
13.8 SAKI CORPORATION
- 13.8.1 Key Facts
- 13.8.2 Business Description
- 13.8.3 Products and Services
- 13.8.4 Financial Overview
- 13.8.5 SWOT Analysis
- 13.8.6 Key Developments
13.9 Mycronic
- 13.9.1 Key Facts
- 13.9.2 Business Description
- 13.9.3 Products and Services
- 13.9.4 Financial Overview
- 13.9.5 SWOT Analysis
- 13.9.6 Key Developments
13.10 JUKI CORPORATION
- 13.10.1 Key Facts
- 13.10.2 Business Description
- 13.10.3 Products and Services
- 13.10.4 Financial Overview
- 13.10.5 SWOT Analysis
- 13.10.6 Key Developments

14. Appendix

14.1 Glossary
14.2 About The Insight Partners