Europe SMT Equipment Market Forecast to 2031 - Regional Analysis - by Component, Equipment Type, and End User

List of Tables

The Europe SMT equipment market was valued at US$ 1,205.34 million in 2023 and is projected to reach US$ 1,751.01 million by 2031; it is estimated to record a CAGR of 4.8% from 2023 to 2031.

Increasing Miniaturization of Electronic Products Drives Europe SMT Equipment Market

Over the past few decades, the miniaturization of components has been one of the prime factors in the advancement of the electronics industry. Miniaturization has advanced through three technological achievements: the components, the means of interconnection (mainly PCBs), and the methods of assembly. The pursuit of miniaturization remains a driving force in SMT equipment. Component manufacturers are constantly pushing the limits of package sizes, introducing even smaller and more compact designs. Chip-scale packages (CSPs), wafer-level packaging (WLP), and emerging panel-level packaging technologies are enabling unprecedented levels of miniaturization, allowing for higher component densities and more advanced product designs. Further, smartphones, tablets, laptops, televisions, and wearable devices rely heavily on SMT equipment to achieve miniaturization, high component density, and advanced functionality. Various industries are also demanding a highly reliable and compact electronic system. SMT equipment is widely used in the production of avionics, navigation systems, radar systems, and other critical aerospace electronics, where miniaturization, weight reduction, and durability are paramount. SMT equipment allows for the integration of smaller and lighter components onto printed circuit boards (PCBs), enabling the development of compact electronic devices with reduced form factors. SMT-assembled printed circuit boards maximize the use of the space allotted on the surface. That means there is a higher density of key components covering the surface of the circuit board, with little to no space left empty. The maximize use of the circuit board's allotted space ties into the previously covered advantages, which are miniaturization, heightened responsiveness, and signal integrity. Thus, the increasing miniaturization of electronic products is propelling the growth of the Europe SMT equipment market.

Europe SMT Equipment Market Overview

The Europe SMT equipment market is segmented into Germany, France, Italy, the UK, Russia, and the Rest of Europe. Automotive PCBs play a huge role in automobiles, from engine controls and airbag sensors to anti-lock brake management and even GPS support. Further, PCBs manage engines, entertainment systems, digital displays, radar, GPS, power relay timing systems, mirror controls, and a lot more. Germany is recognized worldwide for its outstanding automotive industry and excellence in engineering. The country's world-class R&D infrastructure, extensive industrial value chain integration, and highly qualified personnel have created an internationally unparalleled automotive environment. It facilitates businesses in developing innovative technologies that meet mobility requirements. According to the German Trade and Invest, the German automobile manufacturers produced over 15.6 million vehicles in 2021. Germany also boasts the largest concentration of automotive OEM plants in Europe. There are currently 44 OEM sites located in Germany. Germany's OEM market share in the European Union (EU) was more than 55% in 2021. Moreover, according to the German Association of the Automotive Industry (VDA), as of April 2023, Manufacturers and suppliers in the German car industry are expected to increase their investment in research and development (R&D) to more than US$ 272 billion between 2023 and 2027. Such growth in the automotive industry drives the Europe SMT equipment market.

Europe SMT Equipment Market Revenue and Forecast to 2031 (US$ Million)

Europe SMT Equipment Market Segmentation

The Europe SMT equipment market is categorized into component, equipment type, end user, and country.

Based on component, the Europe 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 Europe 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 Europe 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 Europe SMT equipment market is segmented into Germany, France, Italy, the UK, Russia, and the Rest of Europe. Germany dominated the Europe SMT equipment market share in 2023.

ASMPT Ltd, 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 Europe SMT equipment market.

Product Code: BMIRE00030998

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:
- 3.2.1 Macro-economic factor analysis:
- 3.2.2 Developing base number:
- 3.2.3 Data Triangulation:
- 3.2.4 Country level data:

4. Europe 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. Europe SMT Equipment Market - Key Market Dynamics

5.1 Europe 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 - Europe Analysis

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

7. Europe SMT Equipment Market Analysis - by Component

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

8. Europe SMT Equipment Market Analysis - by Equipment Type

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

9. Europe SMT Equipment Market Analysis - by End User

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

10. Europe SMT Equipment Market- Country Analysis

10.1 Europe SMT Equipment Market Overview
- 10.1.1 Europe SMT Equipment Market, by Key Countries- Revenue (US$ Million) (2023)
- 10.1.2 Europe SMT Equipment Market - Revenue and Forecast Analysis - by Country
  - 10.1.2.1 Europe SMT Equipment Market - Revenue and Forecast Analysis - by Country
  - 10.1.2.2 Germany: Europe SMT Equipment Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.1.2.2.1 Germany: Europe SMT Equipment Market Breakdown, by Component
    - 10.1.2.2.2 Germany: Europe SMT Equipment Market Breakdown, by Equipment Type
    - 10.1.2.2.3 Germany: Europe SMT Equipment Market Breakdown, by End User
  - 10.1.2.3 United Kingdom: Europe SMT Equipment Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.1.2.3.1 United Kingdom: Europe SMT Equipment Market Breakdown, by Component
    - 10.1.2.3.2 United Kingdom: Europe SMT Equipment Market Breakdown, by Equipment Type
    - 10.1.2.3.3 United Kingdom: Europe SMT Equipment Market Breakdown, by End User
  - 10.1.2.4 France: Europe SMT Equipment Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.1.2.4.1 France: Europe SMT Equipment Market Breakdown, by Component
    - 10.1.2.4.2 France: Europe SMT Equipment Market Breakdown, by Equipment Type
    - 10.1.2.4.3 France: Europe SMT Equipment Market Breakdown, by End User
  - 10.1.2.5 Italy: Europe SMT Equipment Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.1.2.5.1 Italy: Europe SMT Equipment Market Breakdown, by Component
    - 10.1.2.5.2 Italy: Europe SMT Equipment Market Breakdown, by Equipment Type
    - 10.1.2.5.3 Italy: Europe SMT Equipment Market Breakdown, by End User
  - 10.1.2.6 Russia: Europe SMT Equipment Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.1.2.6.1 Russia: Europe SMT Equipment Market Breakdown, by Component
    - 10.1.2.6.2 Russia: Europe SMT Equipment Market Breakdown, by Equipment Type
    - 10.1.2.6.3 Russia: Europe SMT Equipment Market Breakdown, by End User
  - 10.1.2.7 Rest of Europe SMT Equipment Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.1.2.7.1 Rest of Europe SMT Equipment Market Breakdown, by Component
    - 10.1.2.7.2 Rest of Europe SMT Equipment Market Breakdown, by Equipment Type
    - 10.1.2.7.3 Rest of Europe 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
- 13.4.4 Financial Overview
- 13.4.5 SWOT Analysis
- 13.4.6 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