Innovative Electronic Products Drives Market for Surface Mount Technology Placement Market


Posted April 5, 2016 by PiyushD

Surface Mount Technology (SMT) is an integral part of telecommunication devices, consumer electronics and computing equipment.

 
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 Surface Mount Technology (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 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 "Surface Mount Technology (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 products according to Quadrant Knowledge Solutions.

The SMT Placement market outlook study provides detailed information about market trends and 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 demands SMT
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 startup 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 2020is a part of Semiconductor & Electronics (S&E) research of Quadrant Knowledge Solutions.

For more information about this market outlook research, please write to [email protected]

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 visit http://quadrant-solutions.com/. For available market research studies, please visit: http://quadrant-solutions.com/market-research.php

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 Growth advisory 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.

Our Market Research service is designed to satisfy your entire market intelligence requirement for all of your products and services in one customized package. Our experts can map your entire offerings and suitably recommend your custom Market Research package.

Market Research service provides details on Market Structure, Market Size, Market Share, Competitive Strategy, Market Forecast, Key Trends, Market Drivers, Market Restraints, Market Challenges, and such others
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Contact Email [email protected]
Issued By Quadrant Knowledge Solutions
Website INCREASED DEMAND FOR ELECTRONICS PRODUCT DRIVES THE MARKET FOR SURFACE MOUNT TECHNOLOGY (SMT) PLACEMENT MARKET
Phone (+1) 978-605-1066
Business Address 35 Village Road, Suite 100, Middleton,
MA 01949, USA
Country United States
Categories Business , Marketing , Research
Tags market drivers , market research , odm , oem , pcbs , printed circuit boards , smt , surface mount technology placement
Last Updated April 5, 2016