Surface Mount Technology Equipment Market, By Equipment (Pick and Place, Coating Equipment, Solder Equipment, Cleaning Agents, Rework and Repair Equipment), By End-User Industries (Telecommunication, Consumer electronics, Automotive, Medical), By Components (Transistor & Diodes ,Integrated Circuits) - Forecast 2030

Surface Mount Technology Equipment Market OverviewThe Surface Mount Technology Equipment Market is expected to gain US$12.3 Billion and a CAGR of 9.50% until 2030. The market was at US$1.94 billion in 2022-2030. This technology is a process through which an electronic circuit can produce. In this technology, components of electronic circuits are placed directly onto the surface of printed circuit boards. The electronic device is made up of surface mount technology, which is called a surface-mount device. Presently, all mass-produced electronics hardware is manufactured by utilising surface mount technology.

The rising adoption and increasing use of digital entertainment have been increasing worldwide. Moreover, consumer products such as digital cameras, portable players, game consoles, etc., contributed to the development of the electronic products industry. The market faced issues during the pandemic as there were difficulties in producing raw materials required to manufacture. Miniaturisation, enhancement of functionality, and increased productivity are the primary drivers of its market in the aerospace and defence industries. The rising popularity of smart devices such as Cortana, Alexa, and others creates lucrative opportunities for the market.

COVID-19 Analysis

COVID-19 has changed the nature and perhaps the destiny of the global economy since it first appeared on the global scene in mid-March of 2020. The virus was severe enough to cause some people who contracted it to be hospitalized. A small minority (1%) of these patients died from it.

Governments around the world were concerned enough to institute lockdowns and quarantines. All business activities except for essential business activities came to a near standstill. This adversely affected the surface mount technology equipment market by making the raw materials needed to manufacture these products difficult to procure.

Market Dynamics

• Drivers

More people want to live in a home that does all of the work for them. A good example of this is a door that locks with the press of a button on an iPhone app. After all, people are very mobile, and exerting effort to physically lock the door by themselves is very cumbersome. But other factors are driving growth in the surface mount technology equipment market.

These factors are the increased desire for people to live in homes with technology that’s responsive to their personal needs and greater purchasing power among the global middle classes.

• Opportunities

The growing popularity of smart devices like Alexa and Cortana (available on personal computers and smartphones) presents huge opportunities for the surface mount technology equipment market. Manufacturers of this equipment can now concentrate on research and development.

The goal is to make products that combine the best in WI-FI, Bluetooth, and other related technologies. These products would be activated by the human voice. A virtual assistant would be present in this product (do you remember Siri and Cortana.) This is a feature that is powered by artificial intelligence (AI).

• Restraints

There a few factors that are keeping the surface mount technology equipment market from reaching its full potential. These are the difficulty of repairing the components and the fact that it’s impossible to use the components directly on a breadboard.

• Challenges

One challenge is the difficulty of repairing surface mount technology equipment. The main reason for this is the small size of the electronics parts on boards. Their high density is another key challenge. Since conventional soldering techniques won’t work. People who repair this equipment must be innovative. They must use specialized techniques when repairing this equipment.

• Cumulative growth analysis

The CAGR for Surface Mount Technology Equipment Market is expected to be 9.50% until at least the end of 2030. The Surface Mount Technology Equipment Market is expected to be worth US$12.3 Billion by the end of this period.

• Technology analysis

Nordson Corporation is an industry leader in the surface mount technology equipment market. They have managed to maintain their superior position through research and development. This has allowed them to bring more innovative products to market. Some of these are systems needed to dispense, control, and apply certain strategic substances like adhesives and coatings.

Study Objectives

• Discuss the market insights, segments, and sub-segments, that have a relative impact on the market growth by the end of the forecast period in 2030


• To consider the historic growth, prevailing trends, futuristic approach to determine the market holding by the end of the global forecast period of 2022-2030


• To understand the process of revenue generation of the Surface Mount Technology Equipment Market segments and sub-segments operation on both the regional and global level, along with drawing a competitive graph of them.

Surface Mount Technology Equipment Market Segment Overview

The global growth of the surface mount technology equipment market is based on the performance and reach of the market segments. The Surface Mount Technology Equipment Market is segmented based on the following heads:

By Equipment

The main types of equipment in the surface mount technology equipment markets are pick and place, coating equipment, solder equipment, cleaning agents, and rework and repair equipment.

By End-User Industries

The main industries that use these products are telecommunication, consumer electronics, automotive, medical.

By Component

The main components in Surface Mount Technology Equipment market are passive surface mount devices. Transistor and diodes, and integrated circuits.

Surface Mount Technology Equipment Market Regional analysis

The major regions in this section are the Asia-Pacific region, the North American region, the European Union, and the rest of the world region. The Asia-Pacific region currently enjoys the largest mount technology equipment market size. The Latin American region is the next contender in terms of market size.

In the Asia-Pacific region, China, India, and Japan are the nations that lead the rest of the region in terms of Surface Mount Technology Equipment Market size, market share, and market growth. The main reason for this is because there is a greater pool of skilled labor that companies can hire from. This is especially true in Japan. It’s true to a certain extent in India. Another important reason is the explosion in demand for high-tech devices. This is especially true in India and China with even the poorly educated laborers investing in digital devices like the smartphone.

The higher population in India and China is also creating exponential demand for next-generation sophisticated consumer electronics.

Competitive landscape

The growth of the Surface Mount Technology Equipment Market depends on the performance of the key market players on a regional and global scale. The key players are:

• CyberOptics Corporation (U.S.)


• Orbotech Ltd. (Israel)


• Mycronic AB (Sweden)


• Hitachi High-Technologies Corporation (Japan)


• Nordson Corporation (U.S.)


• Fuji Machine Manufacturing Co., Ltd.(Japan)


• Assembly Systems (Germany)

The surface mount technology equipment market is very competitive despite significant barriers to entry. Nevertheless, new companies are entering the industry. Established and new companies are responding by investing heavily in research and development. They are also entering into strategic partnerships and merging with/acquiring companies that will allow them to easily enter new markets.

Recent Developments

April 2022

Nano Dimension Moves its US Headquarters to Greater Boston Area; Proximity to Strategic Research and Development Institutions.

Nordson Electronics Solutions Offers Latest Dispensing, Conformal Coating, and Selective Technologies at SMTConnect 2022

eight students from the Faculty of Electrical Engineering, Mechanical Engineering, and Naval Architecture make s have designed and startup Alpha Sagittarius and created the VECTOR V-3M unmanned system under the Aero-Navis Systems brand, part of which is an unmanned aerial vehicle of modular design and intended for dual-use that is for civil and military purposes.

March 2022

This May, at SMTconnect 2022 in Nuremberg, Germany, Yamaha Motor Robotics SMT Section will show how its One-Stop Smart Solution is ready to power high-speed, high-quality intelligent manufacturing.

Intended Audience

• Consultancy firms and research teams


• Smart grid integrators, as well as, technology investors


• OEMs - Original equipment mangufacturers


• Providers of component devices


• Distributors of surface mount technology devices

Report Overview

The global surface mount technology equipment research report follows the historic trends and the current scenario to predict the growth of the market by the end of the future forecast in 2030. The report is a detailed analysis of the market functions, and the performance of the segments, and sub-segments on the regional and global level to determine the market valuation. The report also discusses the strategic alliances being undertaken by the key market players to recover the losses incurred during the spread of the global pandemic in 2030, and emerge as dominant forces as the period for the future forecast ends in 2030.