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Improved Production Yields, Cost Boost Electronic Assemblers' Demand for Inspection Equipment, Says Frost & Sullivan
March 17, 2003 |Estimated reading time: 1 minute
San Jose, Calif. -- New analysis from Frost & Sullivan, World Surface Mount Technology (SMT) Inspection Equipment Market, reveals that the industry generated revenues totaling $403 million in 2002. Total market revenues could reach $1.1 billion in 2009.
Continuing integration of machines and software coupled with increasing circuit density on printed circuit boards and finer pitches is driving the need for state-of-the-art SMT inspection equipment. The accelerated trend toward miniaturization and the higher usage of advanced packaging technologies is forcing assembly manufacturers to buy new equipment. Leading original equipment manufacturers and electronic manufacturing service providers are relocating their production facilities to lower cost areas, such as China and Asia-Pacific, and simultaneously rushing to build into the rapidly growing telecommunication infrastructure in these regions. This is boosting the demand for SMT inspection equipment.
However, not all suppliers have the resources to extend their global reach and maintain a presence in new markets. As competition increases and new companies emerge, suppliers are exploring opportunities outside computing and communications, in end-user industries such as automotive, aerospace, medical and defense.
Among the SMT capital equipment markets, inspection equipment has the potential for strongest growth. For now, the market is likely to continue being a recipient of venture capital funding.
Frost & Sullivan is a global leader in strategic growth consulting. For more information, visit www.electronics.frost.com.