Global SMT Placement Equipment Market 2018-2022 | Technological Advances in Product Offerings Drive Growth | Technavio
LONDON--(BUSINESS WIRE)--Oct 8, 2018--The global SMT placement equipment market research report by predicts the market to post a CAGR of more than 6% during the period 2018-2022.
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Technavio has published a new market research report on the global SMT placement equipment market for the period 2018-2022. (Graphic: Business Wire)
A key driver for the global SMT placement equipment market is the increase in demand for PCBs. PCBs form the core of electronic devices and provide an electrically conductive path for many components such as resistors, capacitors, transistors, ICs, and diodes. During the forecast period, there will be an increase in demand for SMT placement equipment to place components on PCBs without overlaps and loose connections. The vendors are expected to invest significantly in SMT equipment as the demand for PCBs in increasing.
This research report also provides an analysis of the most important trends expected to impact the market outlook during the period 2018-2022. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.
In this report, Technavio highlights the technological advances in product offerings as one of the key trends in the global SMT placement equipment market:
Global SMT placement equipment market: Technological advances in product offerings
Advanced SMT placement equipment possesses the capability of maximizing throughput and integrating seamlessly with other SMT equipment. The vendors have been increasingly concentrating on incorporating flexible and modular gantry systems and improved feeder systems. Linear motors are employed on the X and Y axes to improve accuracy, speed, and servo-loop stiffness.
“Vendors have been emphasizing on the high servo-loop gain of the SMT equipment because it leads to increased axis acceleration and deceleration and reduced induction motor heating. In addition, the SMT placement equipment is being increasingly integrated with high-resolution verification cameras and fine adjustment systems to place electronic components quickly onto a PCB before soldering,” says a senior research analyst at Technavio.
Global SMT placement equipment market: Segmentation analysis
This SMT placement equipment market analysis report segments the market by end-user industries (consumer electronics, automotive, and telecom) and geography (the Americas, APAC, and EMEA).
The consumer electronics segment held the largest SMT placement equipment market share in 2017, accounting for nearly 43% of the market. This end-user segment is expected to dominate the global market throughout the forecast period.
APAC led the market in 2017 with close to 44% of the market share, followed by EMEA and the Americas respectively. APAC is expected to dominate the market throughout the period 2018-2022.
Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.
Some of the key topics covered in the report include:
Market LandscapeMarket ecosystem Market characteristics Market segmentation analysis
Market SizingMarket definition Market size and forecast
Five Forces Analysis
Geographical SegmentationRegional comparison Key leading countries
Vendor LandscapeVendors covered Vendor classification Market positioning of vendors Competitive scenario
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