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SMT Placement Equipment Market to Grow by USD 627.46 Million During 2021-2025|Key Vendor Insights and Forecasts|TechnavioNEW YORK, April 15, 2021 /PRNewswire/ --
The SMT placement equipment market is expected to grow by USD 627.46 million during 2021-2025, according to the new report from Technavio. This marks a significant market slow down compared to the 2020 growth estimates due to the impact of the COVID-19 pandemic, in the first half of 2020. In addition, the report projects the market to accelerate at a CAGR of about 6%. Make confident decisions using our benchmarks and analysis. Read the 120-page report with TOC on "SMT Placement Equipment Market Analysis Report by End-user (Consumer Electronics, Automotive, Telecom, and Others) and Geography (APAC, Europe, North America, MEA, and South America), and the Segment Forecasts,2021-2025". Gain competitive intelligence about market leaders. Track key industry opportunities, trends, and threats. Information on marketing, brand, strategy and market development, sales and supply functions. The SMT placement equipment market is driven by the surge in demand for PCBs. In addition, the shift toward flexible and responsive manufacturing methods is anticipated to boost the growth of the SMT placement equipment market. PCB forms the core of every electronic device since it provides an electrically conductive path for several components. As the demand for PCBs increases, EMS providers are expected to invest significantly in SMT equipment. Due to the growing demand for low-power and high-performance semiconductors, vendors are trying to reduce the size of semiconductor nodes to achieve higher performance, higher scalability, and lower production costs. Manufacturers are implementing different technologies such as FinFET and FD-SOI to carry on the production of PCBs based on lower technology nodes. As a result, there will be a surge in demand for SMT placement equipment to place components on PCBs without overlaps and loose connections during the forcast period. Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free. View market snapshot before purchasing Major Five SMT Placement Equipment Companies: ASM Pacific Technology Ltd offers products such as SIPLACE S Series, SIPLACE SX Series, and other SMT placement equipment products. Beijing Torch Beijing Torch offers a six-head small high-speed visual pack and place machine M6, Automatic solder paste jet printing machine P1 and other SMT placement equipment products. Blakell Europlacer Ltd. Blakell Europlacer Ltd. offers products such as iineo+, atom, and other SMT placement equipment products. FRITSCH GmBH FRITSCH GmBH offers Manual stencil printers such as printALL005L, printALL005, and other SMT placement equipment products. FUJI Corp. FUJI Corp. offers FUJI Smart Factory Platform NXTR, NXTR PM, and other SMT placement equipment products. SMT Placement Equipment Market End-user Outlook (Revenue, USD million, 2020-2025)
SMT Placement Equipment Market Geography Outlook (Revenue, USD million, 2020-2025)
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