Press release
Surface Mount Technology Global Market Explodes to $6.21 Billion by 2025; Growth Boosted by Electrical Vehicle Sales and IoT Developments
Surface Mount Technology Market Size
What Is The Projected Market Size Of The Global Surface Mount Technology Global Market Report 2025 And Its Growth Rate?
• The surface mount technology (SMT) market has witnessed steady growth, expanding its value from $5.68 billion in 2024 to a projected $6.21 billion in 2025, signifying a robust CAGR of 9.4%.
• The growth in the historic period stems from the miniaturization of electronic devices, advancements in component packaging and mass production strategies, superior component density, and escalated electrical performance.
• The market size is anticipated to maintain this impressive trajectory amid the rise of the Internet of Things (IoT), flexible and wearable electronics, the incorporation of advanced materials, integration of artificial intelligence (AI), and the manufacturing of electric vehicles, on track to reach a stunning $8.98 billion in 2029 at a CAGR of 9.7%.
What Is Driving The Growth In The Surface Mount Technology Global Market Report 2025?
The growth of the surface mount technology market is essentially fueled by the rising sales of electric cars. Electric cars, vehicles powered either partially or fully by electricity from a rechargeable battery, extensively utilize SMT to install electrical components directly onto the surface of a printed circuit board (PCB). SMT provides superior mechanical durability under stress and vibration, a vital advantage in the automobile sector. The International Energy Agency, a prestigious France-based intergovernmental organization, anticipates global sales of electric vehicles to surge from 10 million in 2022 to 14 million in 2023. Consequently, this increase in electric car sales is set to significantly propel the growth of the SMT market.
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Who Are the Key Players Driving Surface Mount Technology Global Market Report 2025 Growth?
• Hitachi High-Technologies Corporation
• Panasonic Holdings Corporation
• Assembleon Automation Hanwha Group
• Fuji Corporation
• Yamaha Motor Co Ltd
• Nordson Corporation
• Kulicke and Soffa Industries Inc.
• Speedline Technologies
• ASM Assembly Systems GmbH & Co KG
• Universal Instruments
• Rayming Technology
• Essemtec AG
• CyberOptics Corporation
• Juki Corporation
• Aurotek Corporation
• Electro Scientific Industries Inc.
• GPD Global
• Europlacer
• Koh Young Technology Inc.
• Electronic Manufacturing Services Group Inc.
• Viscom AG
• Mycronic AB
• SSM MYDATA Services
• Zhejiang Neoden Technology Co Ltd
• Kasdon Electronics Limited
• Saki Corporation
• DDM Novastar
• Onetech Smt Solutions Private Limited
What Are The Key Trends In The Surface Mount Technology Global Market Report 2025?
• Advancements in package-on-package (PoP) technology
• Implementation of 5G technology
• Technological advancements in pick-and-place systems
• The rise of smart manufacturing and industry 4.0
• Adoption of lead-free soldering technologies
What Are The Segments Of The Global Surface Mount Technology Global Market Report 2025?
• By Equipment: Placement, Inspection, Coating Equipment, Solder Equipment, Cleaning Agents, Rework And Repair Equipment
• By Components: Transistor And Diodes, Integrated Circuits
• By Industry Vertical: Telecommunication, Consumer Electronics, Automotive, Aerospace And Defense, Healthcare
Which Region Leads The Surface Mount Technology Global Market Report 2025?
Asia-Pacific was the largest region in the surface mount technology market in 2024 and is expected to come out on top in the forecast period as well. The surface mount technology market report covers a broad scope of regions, including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Surface Mount Technology Global Market Report 2025 Global Market Report?
- Market Size Analysis: Analyze the Surface Mount Technology Global Market Report 2025 size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Surface Mount Technology Global Market Report 2025 for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Surface Mount Technology Global Market Report 2025 growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Surface Mount Technology Global Market Report 2025.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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