Surface Mount Technology Equipment Market Overview
Surface Mount Technology Equipment Market Size was estimated at 5.09 (USD Billion) in 2024. The Surface Mount Technology Equipment Market Industry is expected to grow from 5.41 (USD Billion) in 2025 to 10.5 (USD Billion) by 2035. The Surface Mount Technology Equipment Market CAGR (growth rate) is expected to be around 6.22% during the forecast period (2025 - 2035)
Key Surface Mount Technology Equipment Market Trends Highlighted
The Surface Mount Technology Equipment Market is seeing several important trends driven by advancements in technology and increasing demand for efficient manufacturing processes. A key market driver is the growing adoption of automation and smart manufacturing within the electronics sector. As manufacturers aim to increase precision and speed in production, there is a rising reliance on advanced surface mount technology equipment that can seamlessly integrate with automated processes. This trend is critical in improving overall operational efficiency and reducing production costs. Opportunities to be explored within this market include the rising demand for compact and high-performance electronic devices.
The proliferation of smart devices and the Internet of Things (IoT) is creating a significant need for innovative surface mount technology solutions. Manufacturers are challenged to develop equipment that can handle smaller components without compromising quality or reliability, thus opening avenues for research and product development. In recent times, there has also been an emphasis on sustainable manufacturing practices. Companies are increasingly focused on reducing waste and energy consumption during the manufacturing process. This shift is motivating equipment manufacturers to innovate eco-friendly solutions while maintaining productivity.
Additionally, governments around the globe are promoting initiatives to enhance local electronics manufacturing capabilities, offering support for investments in advanced technology deployment. This strategy aims to strengthen national industries and reduce dependency on foreign manufacturing, further propelling growth within the Surface Mount Technology Equipment Market. Overall, the convergence of technological innovation, sustainability, and governmental support underscores a dynamic landscape ripe for further development.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Surface Mount Technology Equipment Market Drivers
Growing Demand for Compact Electronics
The Surface Mount Technology Equipment Market Industry is witnessing significant growth driven by the increasing demand for compact and lightweight electronic devices. As consumers favor smaller gadgets with advanced functionality, manufacturers are compelled to utilize surface mount technology for efficient production. A report from the International Trade Administration indicates that the global compact electronics market is expected to reach astonishing numbers, with smartphone shipments alone projected to increase by approximately 20% over the next five years. Major players like Apple and Samsung have been leading the innovation in small form-factor devices, thus driving the demand for surface mount technology equipment and consequently expanding the Surface Mount Technology Equipment Market. This transition to miniaturization shows how critical surface mount technology has become in meeting consumer demands, highlighting the robust growth prospects for this market in the upcoming years.
Rise in Automation and Industry 4.0
The advancement of automation technologies and the adoption of Industry 4.0 is significantly propelling the Surface Mount Technology Equipment Market Industry. Automated systems enhance production efficiency and quality, leading to cost reductions for manufacturers. According to a report from the World Economic Forum, manufacturing efficiency can improve by up to 30% due to smart automation technologies. Industry leaders like Siemens and Rockwell Automation are investing heavily in upgrading manufacturing processes, resulting in an increased need for surface mount technology equipment to accommodate these sophisticated setups. This growing automation trend indicates strong market opportunities for the Surface Mount Technology Equipment Market as manufacturers seek to optimize their operations.
Expanding Consumer Electronics Market
The increasing proliferation of consumer electronics such as smart home devices, wearables, and IoT gadgets is acting as a significant driver for the Surface Mount Technology Equipment Market Industry. With the global consumer electronics market expected to exceed $1 trillion within the next few years, as reported by the Consumer Technology Association, there is a substantial growth opportunity for surface mount technology equipment to facilitate the production of these devices. Leading technology companies such as Google and Amazon have been investing significantly in consumer electronics, indicating a rising trend in the adoption of advanced manufacturing solutions that depend on surface mount technology. The expansion within the consumer electronics sector suggests a robust growth trajectory for the Surface Mount Technology Equipment Market.
Surface Mount Technology Equipment Market Segment Insights
Surface Mount Technology Equipment Market Application Insights
The Surface Mount Technology Equipment Market has shown significant growth, particularly within the Application segment, which is projected to reach a valuation of 5.41 USD Billion in 2024 and grow to 10.5 USD Billion by 2035. This segment encompasses critical industries such as Consumer Electronics, Automotive, Telecommunications, Aerospace, and Industrial, each contributing uniquely to overall market dynamics and growth trends. The Consumer Electronics sector is a major driving force within the market, valued at 2.02 USD Billion in 2024, it is expected to double to 4.07 USD Billion by 2035, thereby demonstrating a strong demand for advanced electronic devices and components. This growth can be attributed to the increasing consumption of smart devices, home automation systems, and wearable technology, resulting in a majority holding in the market.
The Automotive segment, valued at 1.05 USD Billion in 2024 and projected to reach 2.11 USD Billion by 2035, is also significant as the industry increasingly focuses on electric vehicles and integrated electronic systems. The rise in automotive electronics is driven by advanced driver-assistance systems (ADAS) and infotainment systems that require sophisticated surface mount technology solutions. Furthermore, the Telecommunications industry, with a valuation of 0.89 USD Billion in 2024 and expected growth to 1.79 USD Billion by 2035, is essential as it responds to the increasing demand for faster data transmission and 5G technologies. The integration of advanced surface mount technology in telecommunications infrastructure supports the expansion of high-speed networks, thereby enhancing connectivity on a global scale.
The Aerospace segment, while smaller, valued at 0.66 USD Billion in 2024 and increasing to 1.32 USD Billion by 2035, is significant due to the stringent quality and reliability requirements in aircraft electronics, where surface mount technology plays a critical role in reducing weight and increasing component density. Lastly, the Industrial segment, valued at 1.79 USD Billion in 2024 and projected to reach 3.21 USD Billion by 2035, underscores the growing need for automation and efficiency in manufacturing processes, leading to an increased adoption of sophisticated electronic equipment built with surface mount technology.
Collectively, these sectors reflect the broader trends in the Surface Mount Technology Equipment Market, characterized by continuous innovation and the push for higher performance and efficiency in electronic systems. The market's success is influenced by technological advancements, regulatory changes, and the demand for more complex electronic devices across various applications globally, encapsulating a diverse array of opportunities that drive market growth.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Surface Mount Technology Equipment Market Product Type Insights
The Surface Mount Technology Equipment Market has been witnessing significant developments across various product types that cater to the growing demand in the electronics manufacturing sector. Among these product types, Pick and Place Equipment plays a crucial role as it ensures efficient placement of components onto printed circuit boards, which is essential for high-precision manufacturing. Soldering Equipment is another critical aspect, as it facilitates secure and reliable electrical connections within devices, directly affecting product performance. Inspection Equipment is pivotal in maintaining quality control by detecting defects early in the production process, thus minimizing waste and improving yield rates.
Lastly, Screen Printers are integral for applying solder paste onto circuit boards, a foundational step for effective component placement. The Surface Mount Technology Equipment Market data highlights how advancements in automation and artificial intelligence are driving market growth, while the need for high-quality electronics in various industries such as automotive and consumer electronics create ample opportunities. With a compound annual growth rate of 6.22 percent expected from 2025 to 2035, it is clear that the segment is poised for substantial progress and innovation in the near future.
Surface Mount Technology Equipment Market Use Insights
This segment is characterized by three primary areas: Original Equipment Manufacturers (OEMs), Electronics Manufacturing Services (EMS), and Aftermarket services. OEMs are crucial to the market as they require advanced equipment for high-quality production, influencing trends in technology adoption. EMS providers are significant players, as they increasingly streamline production processes for various clients, creating demand for efficient equipment. The Aftermarket sector also plays a vital role, offering maintenance and upgrade services that contribute to equipment longevity and efficiency. Together, these segments form a substantial part of the Surface Mount Technology Equipment Market industry dynamics.
Market growth is supported by rising electronic device demand, while challenges include the need for continuous innovation and competitive pressure. Opportunities lie in the increasing complexity of electronic components, which drives the need for specialized equipment and services, further enriching the Surface Mount Technology Equipment Market data. The market statistics reflect a growing trend toward automation and enhanced manufacturing capabilities within these use areas.
Surface Mount Technology Equipment Market Component Type Insights
The Component Type segment of the Surface Mount Technology Equipment Market plays a crucial role in the overall landscape of the industry. This segment includes various critical components, among which resistors, capacitors, diodes, and integrated circuits (ICs) are particularly significant. Resistors are essential for controlling current within circuits, while capacitors store and release electrical energy, contributing to improved performance within electronic devices. Diodes, serving as one-way valves for current flow, and integrated circuits, which encapsulate multiple electronic functions in a single compact package, offer advantages in reducing size and enhancing efficiency.
The continuous demand for miniaturized electronic devices drives the need for these components, with advancements in technology further enabling innovative applications across sectors such as consumer electronics, automotive, and telecommunications. As a result, the Surface Mount Technology Equipment Market segmentation reflects a strong growth trajectory, driven by the integration of these components in various industries, unlocking numerous opportunities and challenges for market participants in a rapidly evolving landscape.
Surface Mount Technology Equipment Market Regional Insights
North America holds significant traction with a value of 1.5 USD Billion in 2024, projected to double to 3.0 USD Billion by 2035, largely driven by its advanced electronics manufacturing ecosystem. Europe follows, valued at 1.2 USD Billion in 2024 and anticipated to rise to 2.5 USD Billion, benefiting from strong automotive and industrial electronics sectors. The Asia-Pacific (APAC) region dominates with the highest valuation of 2.3 USD Billion in 2024, demonstrating robust demand from the rapidly growing electronics sector, and is expected to reach 4.5 USD Billion by 2035.
South America and the Middle East and Africa (MEA) represent smaller portions of the market, valued at 0.25 USD Billion and 0.16 USD Billion respectively in 2024. However, both regions show potential for future growth, with South America projected to reach 0.75 USD Billion and MEA 0.75 USD Billion by 2035. Market dynamics such as technological advancements and increasing automation in manufacturing are critical growth drivers for these regions, providing significant opportunities in the Surface Mount Technology Equipment Market.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Surface Mount Technology Equipment Market Key Players and Competitive Insights
The Surface Mount Technology Equipment Market is characterized by rapid technological advancements and competitive dynamics that shape the landscape of electronic manufacturing. This market encompasses a wide range of equipment used in the assembly of surface-mounted devices, including soldering machines, placement machines, inspection systems, and others. The competition is driven by the demand for higher efficiency, precision, and the ability to handle an increasing variety of electronic components. As industries such as consumer electronics, automotive, and telecommunications continue to evolve, companies are investing in research and development to innovate their product offerings, enhance operational capabilities, and expand their market reach. Understanding the competitive landscape involves analyzing the strategies, product portfolios, and strengths of leading players in the market.
Kurtz Ersa stands out in the Surface Mount Technology Equipment Market with a strong reputation for quality and innovation. The company has established a significant market presence through its robust range of soldering and assembly equipment designed for surface mount technology. Kurtz Ersa's strengths lie in its commitment to technological advancements, providing reliable and efficient solutions that meet the changing demands of manufacturers. With a focus on customer-centric solutions and after-sales support, the company has cultivated a loyal customer base worldwide. By continually improving its product design and functionality, Kurtz Ersa has effectively positioned itself to meet competitive challenges and cater to the diverse needs of various sectors within the global market.
Fuji Machine Manufacturing is another notable player in the Surface Mount Technology Equipment Market, recognized for its innovative approach and comprehensive product line that includes high-speed placement machines and advanced automated systems. The company has a strong global market presence, bolstered by its commitment to quality and efficiency in its equipment offerings. Fuji Machine Manufacturing's strengths include cutting-edge technology that facilitates high precision and speed in assembly processes, catering to the evolving needs of manufacturers in different sectors. The company has been active in strategic mergers and acquisitions to enhance its capabilities and expand its product portfolio, which reinforces its competitive edge. By investing in research and development, Fuji Machine Manufacturing continues to lead the way in providing solutions that streamline production processes and improve overall operational efficiency in the global surface mount technology landscape.
Key Companies in the Surface Mount Technology Equipment Market Include
- Kurtz Ersa
- Fuji Machine Manufacturing
- Mirtec
- Nordson
- Siplace
- MPM
- Koh Young Technology
- Juki Corporation
- Asymtek
- Universal Instruments
- Samsung Electric
- ZEVAC
- Yamaha Motor
- Sekisui Chemical
Surface Mount Technology Equipment Industry Developments
The Surface Mount Technology Equipment Market has seen significant developments recently, particularly with companies like Kurtz Ersa, Fuji Machine Manufacturing, and Mirtec, which are expanding their product offerings and enhancing manufacturing capabilities. In September 2023, Siplace launched an innovative pick-and-place machine aimed at improving efficiency and accuracy in production lines. In terms of mergers and acquisitions, in August 2023, Asymtek and Nordson announced their strategic partnership to enhance capabilities in adhesive dispensing technologies; this collaboration is expected to strengthen their market position significantly. Over the last two years, key events such as Juki Corporation's advanced technologies in enhancing robots in April 2022 have also been notable.
Companies are increasingly focusing on Research and Development to adapt to new industry standards and increase their competitive edge. Koch Young Technology introduced developments in inspection technology in March 2023 to minimize errors in production processes. The ongoing growth in market valuation reflects a rising demand for electronics, influencing companies to innovate and expand their operational strategies. Major demands are linked to sectors like automotive and consumer electronics, further driving the advancements in Surface Mount Technology.
Surface Mount Technology Equipment Market Segmentation Insights
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Surface Mount Technology Equipment Market Application Outlook
- Consumer Electronics
- Automotive
- Telecommunications
- Aerospace
- Industrial
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Surface Mount Technology Equipment Market Product Type Outlook
- Pick and Place Equipment
- Soldering Equipment
- Inspection Equipment
- Screen Printers
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Surface Mount Technology Equipment Market End-Use Outlook
-
Surface Mount Technology Equipment Market Component Type Outlook
- Resistors
- Capacitors
- Diodes
- ICs
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Surface Mount Technology Equipment Market Regional Outlook
- North America
- Europe
- South America
- Asia Pacific
- Middle East and Africa
| Report Attribute/Metric Source: |
Details |
| MARKET SIZE 2023 |
5.09 (USD Billion) |
| MARKET SIZE 2024 |
5.41 (USD Billion) |
| MARKET SIZE 2035 |
10.5 (USD Billion) |
| COMPOUND ANNUAL GROWTH RATE (CAGR) |
6.22% (2025 - 2035) |
| REPORT COVERAGE |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| BASE YEAR |
2024 |
| MARKET FORECAST PERIOD |
2025 - 2035 |
| HISTORICAL DATA |
2019 - 2024 |
| MARKET FORECAST UNITS |
USD Billion |
| KEY COMPANIES PROFILED |
Kurtz Ersa, Fuji Machine Manufacturing, Mirtec, Nordson, Siplace, MPM, Koh Young Technology, Juki Corporation, Asymtek, Universal Instruments, Samsung Electric, ZEVAC, Yamaha Motor, Sekisui Chemical |
| SEGMENTS COVERED |
Application, Product Type, End Use, Component Type, Regional |
| KEY MARKET OPPORTUNITIES |
Growing demand for automation, Increasing adoption of IoT devices, Advancements in semiconductor technology, Rising need for miniaturization, Expanding applications in automotive electronics |
| KEY MARKET DYNAMICS |
Technological advancements, Rising demand for automation, Increased miniaturization of components, Growth in consumer electronics, Expanding automotive applications |
| COUNTRIES COVERED |
North America, Europe, APAC, South America, MEA |
Surface Mount Technology Equipment Market Highlights:
Frequently Asked Questions (FAQ) :
The Global Surface Mount Technology Equipment Market is expected to be valued at 5.41 USD Billion in 2024.
By 2035, the market is projected to reach a value of 10.5 USD Billion.
The expected CAGR for the market during this period is 6.22%.
In 2024, the APAC region is expected to hold the largest market share with a value of 2.3 USD Billion.
The projected market value for the Consumer Electronics application segment is 4.07 USD Billion by 2035.
Major players in the market include Kurtz Ersa, Fuji Machine Manufacturing, Mirtec, Nordson, and Samsung Electric.
The market value for the Automotive application segment is projected to be 1.05 USD Billion in 2024.
By 2035, the North America region is expected to reach a market value of 3.0 USD Billion.
The Industrial application segment is expected to be valued at 3.21 USD Billion in 2035.
The market may face challenges such as supply chain disruptions and increased competition among key players.
