https://cdn.pcbdirectory.com/news/techSMTwall_637544902682974972.jpg712370
According to the latest report by market research experts, Technavio, the SMT placement equipment market is expected to grow by USD 627.46 million during the period 2021-25. This marks a significant market slow down compared to the 2020 growth estimates due to the impact of the COVID-19 pandemic, in the first half of 2020. In addition, the report projects the market to accelerate at a CAGR of about 6%.
The SMT placement equipment market is driven by the surge in demand for PCBs. In addition, the shift toward flexible and responsive manufacturing methods is anticipated to boost the growth of the SMT placement equipment market.
PCB forms the core of every electronic device since it provides an electrically conductive path for several components. As the demand for PCBs increases, EMS providers are expected to invest significantly in SMT equipment. Due to the growing demand for low-power and high-performance semiconductors, vendors are trying to reduce the size of semiconductor nodes to achieve higher performance, higher scalability, and lower production costs.
Manufacturers are implementing different technologies such as FinFET and FD-SOI to carry on the production of PCBs based on lower technology nodes. As a result, there will be a surge in demand for SMT placement equipment to place components on PCBs without overlaps and loose connections during the forecast period.
The Technavio report on SMT Placement Equipment Market features:
View the full report: SMT Placement Equipment Market Analysis Report by End-user (Consumer Electronics, Automotive, Telecom, and Others) and Geography (APAC, Europe, North America, MEA, and South America), and the Segment Forecasts,2021-2025
Explain your requirement *
Our Newsletters keep you up to date with the PCB Industry
Our Newsletters keep up to date with the PCB Update
By signing up for our newsletter you agree to our Terms of Service and acknowledge receipt of our Privacy Policy.
Note: File Size should be less than 10MB.
Create an account on PCB Directory to get a range of benefits.
Login to PCB Directory to download datasheets, white papers and more content.
By creating an account with us you agree to our Terms of Service and acknowledge receipt of our Privacy Policy.
OR