Surface Mount Technologies Market in APAC 2015-2019

Market outlook of the surface mount technologies market in APAC

The surface mount technology (SMT) is a method of forming an electronic circuit in which electronic components are mounted or placed directly on the electric circuit board. There is an increasing demand for SMT equipment emerging from industries such as consumer electronics, telecommunication, automotive, and healthcare. The surface mount technologies market in the APAC region is expected to grow at a moderate rate during the forecast period, posting a CAGR of over 7%. In 2014, China contributed the majority of the revenue as the country is a major manufacturing center for consumer electronics.

One of the key reasons for the growth of the surface mount technologies market in the APAC region is the increasing demand for compact electronic devices such as notebooks, ultrabooks, tablets, smartphones, and other consumer electronics. For instance, the demand for smartphones in China and other developing countries augmented by 19% from 2013 to 2014.

Segmentation of the surface mount technologies market in APAC by product

• Placement
• Screen print
• Soldering
• Inspection