DUBLIN – The global SMT equipment market is expected to grow at a CAGR of 6.37% during the period 2018-2022, according to Research and Markets.
The research firm notes a shift toward flexible and responsive manufacturing methods.
“The latest trend gaining momentum in the market is the continuous technological advances in product offerings,” said an analyst from the research team. “Vendors are increasingly focusing on incorporating flexible and modular gantry systems and improved feeder systems. SMT placement equipment is increasingly being integrated with high-resolution verification cameras and fine adjustment systems to place electronic components accurately and quickly onto a PCB.”
One of the major drivers is the surging demand for PCBs, says Research and Markets, and a factor hindering growth is the high cost of deployment.
The market is divided into the Americas, APAC, and EMEA, and key vendors include ASM Pacific Technology, Europlacer, Fuji, Juki Automation Systems, Mycronic, and Panasonic.