The Surface Mount Technology Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Surface Mount Technology Market?
The historical trend in the Surface Mount Technology Global Market Report 2025 shows strong growth. The market size increased from $5.68 billion in 2024 to $6.21 billion in 2025, which represents a compound annual growth rate (CAGR) of 9.4%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Surface Mount Technology Industry?
The Surface Mount Technology Global Market is projected to reach $8.98 billion by 2029, with a compound annual growth rate (CAGR) of 9.7%.
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What are the Key Growth Drivers Fueling the Surface Mount Technology Market?
The key drivers in the surface mount technology market are:
• Rising prominence of Internet of Things (IoT) and flexible, wearable electronics
• Increase in adoption of advanced material applications
• Integration of artificial intelligence into manufacturing processes
• Growth of the electric vehicle (EV) manufacturing sector
Global Market Segmentation: Identifying Major Surface Mount Technology Industry Segments
The surface mount technology market covered in this report is segmented –
1) By Equipment: Placement, Inspection, Coating Equipment, Solder Equipment, Cleaning Agents, Rework And Repair Equipment
2) By Components: Transistor And Diodes, Integrated Circuits
3) By Industry Vertical: Telecommunication, Consumer Electronics, Automotive, Aerospace And Defense, Healthcare
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What are the Emerging Trends Shaping the Future of the Surface Mount Technology Market?
The key trends in the surface mount technology market are:
• The advancement and adoption of package-on-package (PoP) technology is shaping the future of the market.
• The implementation of 5G technology is an emerging trend in the sector.
• Technological progress in pick-and-place systems is gaining traction within the industry.
• The rise of smart manufacturing and industry 4.0, and lead-free soldering technologies are becoming significant trends.
Who Are the Top Competitors & Leading Players in the Surface Mount Technology Market?
Major companies in the surface mount technology market are:
• 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
Regional Dominance: Which Area Leads the Global Template Market?
Asia-Pacific was the largest region in the surface mount technology market in 2024
