Surface Mount Technology Equipment Market ? Present Scenario and the Growth Pros

Posted by RASHMI on March 13th, 2019

Surface mount technology equipment facilitates widespread solution for different end use industry which include automotive, aerospace and defense, consumer electronics, healthcare and industrial among others one of the major factor encouraging the demand and high speed installation of surface mount technology equipment market is its operational effectiveness owing to cost effective processing.

Growing usage of flex circuit in wearable electronics across various sector especially in smart phone and smart card industry is the primary factor predicted to foster the demand and innovation of surface mount technology market during the forecast period from 2018 to 2026.

By equipment type, the surface mount technology equipment market is segmented into placement equipment, inspection equipment, soldering equipment and cleaning equipment among others. Placement equipment held the largest market share in terms of revenue, followed by soldering equipment.

The growing demand for printed circuit board in smartphones in order to fulfill the demand of smartphones is having a positive impact on the market for surface mount technology equipment market. Changes or modification made in the design of printed circuit board files will results in increasing in development cost and would lead to delay in production time.

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Hence, to address these issues, manufacturers are focusing on reducing these costs during the production process. This in turn has increased the installation of PCB SMT equipment. In addition, inspection equipment is bifurcated into AOI, AXI, and SPI. AXI device type, is expected to grow during the forecast period owing to increasing requirement to inspect double-sided solder joints and non-visible solder joints with exact traceability.