According to the latest report by market research experts, Technavio, the SMT placement equipment market is expected to grow by USD 627.46 million during the period 2021-25. 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%.

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 forecast period.

The Technavio report on SMT Placement Equipment Market features: 

SMT Placement Equipment Market End-user Outlook (Revenue, USD Million, 2020-2025)

·         Consumer electronics - size and forecast 2020-2025

• Automotive - size and forecast 2020-2025

• Telecom - size and forecast 2020-2025

• Others - size and forecast 2020-2025

SMT Placement Equipment Market Geography Outlook (Revenue, USD Million, 2020-2025)

·         APAC - size and forecast 2020-2025

• Europe - size and forecast 2020-2025

• North America - size and forecast 2020-2025

• MEA - size and forecast 2020-2025

• South America - size and forecast 2020-2025