SMT Placement Equipment Market is Driven by Increasing Demand for Electronics Product

Surface Mount Technology (SMT) is an integral part of telecommunication devices, consumer electronics and computing equipment. Increasing demand for smartphones and tablets, consumer goods and electronics is spurring the market for SMT placement equipment market. Improved efficiency, machinery speed, communication and networking algorithms, and accuracy are the reasons behind increasing usage of SMT Placement equipment market.

Suppliers of SMT Placement equipment market are presently focusing on joint ventures, partnership, mergers and acquisition to improve the customer base and provide wide range of offerings. Electronics assembly such as Printed circuit boards (PCBs) final assembly is the integral part of SMT equipment and is our focus area in this report.

Keeping all above factors in mind, Quadrant Knowledge Solutions realizes the importance of SMT Placement. According to the latest market outlook research “SMT Placement Equipment Market Outlook – Market Forecast, Trends, and Analysis Through 2020” the market is expected to grow at a CAGR of 6.7% from 2016-2020. The SMT placement market is expected to reach nearly $6.00 billion by 2020. Regionally majority of this growth is expected to come from Asia region owning to the increased demand for electronic productsaccording to Quadrant Knowledge Solutions.

The SMT Placement market outlook study provides detailed information about market trendsand challenges. In addition to strategic insights, the study provides market forecast analysis by key geographical regions, industry verticals, technology segments, customer type, and sales channel. This research provides strategic analysis and competitive positioning of the key technology suppliers.

Rapid Workflow and Flexibility Accompanied by Responsive Manufacturing Drives SMT Placement Equipment Market

The current electronic industry expects a rapid workflow in order to meet the instant requirement of the customers. The recent improvements in the SMT line automation had increased the yield rates and the quality of the product. The flexibility during setting ups and changing the production runs by maintaining the product quality is expected by the OEM/ODM which increases the demand SMT. During the product start-up phase, the customers require a small volume of test run and it is necessary to provide a quick and flexible service. This rapid workflow allows the customers to get a high-quality product sample and also provides a quick time to market capability. The demand for more responsive manufacturing and the improved flexibility drives the SMT market.

Miniaturization drives the growth of Surface Mount Technology

The highly accurate and automated products requirements are in high demand due to the need for miniature components. The smaller components and its systems had led to the highly optimized wireless communication. The performance is increased due to its smaller size and it also provides a high-cost reduction. The customers always request high- performance components which are smaller in size and provide a high-quality assurance. The expectation of the customers can be met by the usage of SMT placement machines which has an increased capability of using linear motors on both the axes and enhance the speed accuracy.

Surface Mount Technology (SMT) Placement Equipment Market Outlook – Market Forecast, Trends, and Analysis Through 2020 is a part of Semiconductor & Electronics (S&E) research of Quadrant Knowledge Solutions.

For more information about this market outlook research, please write to info@Quadrant- Solutions.com. You can also visit SMT Placement Equipment Market Research for more information of market research contents.

Keywords: Surface Mount Technology Placement, SMT, Printed circuit boards, PCBs, OEM, ODM, Market Research, Market Size, Market Share, Competitive Strategy, Market Forecast, Key Trends, Market Drivers, Market Restraints, Market Challenges

For more information, please write to info@Quadrant-Solutions.com

Source:

- Quadrant Knowledge Solutions

- Market Research

About Quadrant Knowledge Solutions:

Quadrant Knowledge Solutions is a global advisory and consulting firm focused on helping clients in achieving business transformation goals with Strategic Business, and Growthadvisory services.

Our Strategic Business, and Growth Advisory services are organized specifically to help clients develop and validate strategies based on global mega trends, understand the business potential and untapped opportunities, and strategies for growth.