Global Surface Mount Technology (SMT) Equipment market will reach 5990 million US$ by the end of 2025
Published Date: 2019/5/22
Surface-mount technology (SMT) is a method for producing electronic circuits in which the components are mounted or placed directly onto the surface of printed circuit boards (PCBs). An electronic device so made is called a surface-mount device (SMD).
In the coming years there is an increasing demand for Surface Mount Technology (SMT) Equipment in the regions of China that is expected to drive the market for more Surface Mount Technology (SMT) Equipment. Increasing of telecommunications equipment expenditures, more-intense competition, launches in introducing new products, increasing of spending on medical and automotive industry, retrofitting and renovation of old technology, increasing adoption of Surface Mount Technology (SMT) Equipment will drive growth in North America and Europe markets.
The consumption of Surface Mount Technology (SMT) Equipment is related to downstream industries and global economy. As there will always be some uncertain in the global economy in the following years, the growth rate of Surface Mount Technology (SMT) Equipment industry may not keep that fast. But it is surely forecasted that the market of Surface Mount Technology (SMT) Equipment is still promising.
The global Surface Mount Technology (SMT) Equipment market is valued at 4130 million US$ in 2017 and will reach 5990 million US$ by the end of 2025, growing at a CAGR of 4.8% during 2018-2025.
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