South & Central America SMT Equipment Market Forecast to 2031 - Regional Analysis - by Component, Equipment Type, and End User

Description

List of Tables

The South & Central America SMT equipment market was valued at US$ 260.82 million in 2023 and is projected to reach US$ 312.74 million by 2031; it is estimated to record a CAGR of 2.3% from 2023 to 2031 .

Increasing Need for Environment-Friendly Electronic Components Fuels South & Central America SMT Equipment Market

One of the most significant environmental initiatives in SMT assembly is the transition to lead-free soldering. Traditional solder alloys containing lead pose significant health and environmental risks due to their toxicity. To mitigate these risks, the electronics industry has widely adopted lead-free solder alloys, such as tin-silver-copper (SAC) and tin-copper (SnCu), which are more environmentally friendly and comply with various global regulations. There are various government laws and regulations regarding restricting the use of certain hazardous substances in electrical and electronic equipment.

SMT assembly processes, particularly reflow soldering, can be energy-intensive. However, advancements in equipment design and process optimization have led to more energy-efficient SMT assembly lines. Modern reflow ovens and other machinery are designed to minimize energy consumption while maintaining precise process control, reducing the overall environmental footprint of SMT manufacturing. SMT equipment can progress in addressing environmental concerns. Efforts can be taken to improve sustainability practices further. This includes exploring more eco-friendly materials, implementing closed-loop recycling systems, and adopting renewable energy sources to power SMT assembly lines. Thus, the growing need for environmentally friendly electronic components is expected to create an opportunity for the growth of the South & Central America SMT equipment market.

South & Central America SMT Equipment Market Overview

The South & Central America SMT equipment market is segmented into Brazil, Argentina, and the Rest of South & Central America. The electronics industry in SAM is still developing, and it faces several barriers, such as low levels of innovation, limited access to financing, and dependence on imports. Governments across the region are taking initiatives in the development of the semiconductor chip industry; for example, in February 2024, Brazil's Ministry of Science, Technology and Innovation allocated US$ 20 million in nonrefundable subsidies to local chip firms as part of its Mais Inovacao program. The Semiconductors Scheme is intended to stimulate development projects in semiconductor design, production, and testing. It is part of a larger industrial stimulus program that includes 11 subsidy notifications for various industries totaling US$ 400 million. Moreover, the region witnesses the manufacturing of various electronic products such as smartphones and smartwatches. For example, in February 2023, Chinese tech giant Xiaomi established a production base in Tierra del Fuego, Argentina. Xiaomi will produce smartphones in this country. The establishment of electronic manufacturing facilities across the region creates the need for the growth of SMT equipment. The SMT equipment contributes to the fabrication of sleek and aesthetically pleasing electronic components. Thus, the growing electronic production in the region is propelling the growth of the South & Central America SMT equipment market.

South & Central America SMT Equipment Market Revenue and Forecast to 2031 (US$ Million)

South & Central America SMT Equipment Market Segmentation

The South & Central America SMT equipment market is categorized into component, equipment type, end user, and country.

Based on component, the South & Central America SMT equipment market is bifurcated into passive component and active component. The active component segment held a larger market share in 2023.

In terms of equipment type, the South & Central America SMT equipment market is categorized into inspection equipment, placement equipment , soldering equipment, screen printing equipment, cleaning equipment, and others. The placement equipment segment held the largest market share in 2023.

By end user, the South & Central America SMT equipment market is segmented into consumer electronics, telecommunication, aerospace and defense, automotive, industrial, and others . The consumer electronics segment held the largest market share in 2023.

By country, the South & Central America SMT equipment market is segmented into Brazil, Argentina, and the Rest of South & Central America. Brazil dominated the South & Central America SMT equipment market share in 2023.

FUJI CORPORATION; Hitachi High-Tech Corp; JUKI CORPORATION; KLA Corp; Mycronic; Nordson Corp; SAKI CORPORATION; Viscom AG; and Yamaha Motor Co., Ltd, are some of the leading companies operating in the South & Central America SMT equipment market.

Product Code: BMIRE00031033

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. South & Central America 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. South & Central America 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 -South & Central America Analysis

6.1 South & Central America SMT Equipment Market
6.2 SMT Equipment Market Revenue (US$ Million), 2021-2031
6.3 SMT Equipment Market Forecast Analysis

7. South & Central America 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. South & Central America 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 -South & Central America Country Analysis

10.1 South & Central America SMT Equipment Market Overview
- 10.1.1 South & Central America SMT Equipment Market, by Key Countries- Revenue (2023) (US$ Million)
- 10.1.2 South & Central America SMT Equipment Market - Revenue and Forecast Analysis - by Country
  - 10.1.2.1 South & Central America: SMT Equipment Market - Revenue and Forecast Analysis - by Country
  - 10.1.2.2 Brazil: SMT Equipment Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.1.2.2.1 Brazil: SMT Equipment Market Breakdown, by Component
    - 10.1.2.2.2 Brazil: SMT Equipment Market Breakdown, by Equipment Type
    - 10.1.2.2.3 Brazil: SMT Equipment Market Breakdown, by End User
  - 10.1.2.3 Argentina: SMT Equipment Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.1.2.3.1 Argentina: SMT Equipment Market Breakdown, by Component
    - 10.1.2.3.2 Argentina: SMT Equipment Market Breakdown, by Equipment Type
    - 10.1.2.3.3 Argentina: SMT Equipment Market Breakdown, by End User
  - 10.1.2.4 Rest of South & Central America: SMT Equipment Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.1.2.4.1 Rest of South & Central America: SMT Equipment Market Breakdown, by Component
    - 10.1.2.4.2 Rest of South & Central America: SMT Equipment Market Breakdown, by Equipment Type
    - 10.1.2.4.3 Rest of South & 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 Yamaha Motor Co., 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 Nordson Corp
- 13.3.1 Key Facts
- 13.3.2 Business Description
- 13.3.3 Products and Services
- 13.3.4 Financial Overview
- 13.3.4 SWOT Analysis
- 13.3.5 Key Developments
13.4 KLA Corp
- 13.4.1 Key Facts
- 13.4.2 Business Description
- 13.4.3 Products and Services
- 13.4.4 Financial Overview
- 13.4.5 SWOT Analysis
- 13.4.6 Key Developments
13.5 FUJI CORPORATION
- 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 Mycronic
- 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 JUKI CORPORATION
- 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

14. Appendix

14.1 Glossary
14.2 About The Insight Partners