-
- News
- Books
Featured Books
- smt007 Magazine
Latest Issues
Current IssueSolder Printing
In this issue, we turn a discerning eye to solder paste printing. As apertures shrink, and the requirement for multiple thicknesses of paste on the same board becomes more commonplace, consistently and accurately applying paste becomes ever more challenging.
A Culture of Thriving
One cannot simply command thriving; it must be nurtured, developed, and encouraged. In this issue, we explore strategies to improve your working relationship model—both internally and externally. In this culture of thriving, your business will grow in the process.
Certifications
Certifications have historically been seen as a cost of doing business, but how do we turn them into a positive ROI and a value to both customer and vendor?
- Articles
- Columns
Search Console
- Links
- Events
||| MENU - smt007 Magazine
SMT Market to be Worth $4.7B by 2020
November 20, 2015 | MarketsandMarketsEstimated reading time: 1 minute
![](https://iconnect007.com/application/files/3816/3116/2722/dollar_up_chart.jpg)
The surface mount technology (SMT) market is expected to be worth $4.73 billion by 2020 at an estimated CAGR of 9.84%, mainly driven by the increasing electronic manufacturing activity, rising demand miniaturization of components, and growth in consumer electronics, according to a new report by industry analyst MarketsandMarkets.
The SMT placement equipment segment accounted for the largest market share of around 46% in 2014. This market is expected to grow at a CAGR of 8.97% between 2015 and 2020. SMT placement equipment represents the largest product market driven by the miniaturization trend, which has resulted in need for higher accuracy in the placement of semiconductor active components such as transistors and diodes among others. Moreover, the surface mount technology market for placement equipment is benefiting from rise in product innovation and component miniaturization for smartphones and tablets.
Meanwhile, the market for inspection equipment is expected to grow at a CAGR of 12.76% between 2015 and 2020, mainly due to an increase in use of small-sized components and optoelectronics, which would force the electronics assemblers to invest in inspection equipment during the forecast period.
APAC to lead market
The SMT market in the Asia Pacific accounted for the largest share of around 52% in 2014 and is expected to grow at a high CAGR of 11% between 2015 and 2020. An increase in manufacturing activities combined with the region's emergence as a cost-effective production hub is expected to drive the surface mount technology market in this region.
Suggested Items
Koh Young Welcomes Chris Treadway to Lead Sales in Key Regions of the U.S.
09/04/2024 | Brent Fischthal, Koh Young AmericaKoh Young Technology has announced the addition of Chris Treadway to its sales team in the United States. Chris will play a crucial role in our continued market expansion as he leads a team of sales partners in his new role as Regional Sales Manager for the Central and Northwest regions of the United States.
NEOTech Enhances Manufacturing Edge with New Integrated Microelectronics and SMT Assembly Expansion
08/28/2024 | NEOTechNEOTech, a leading provider of electronic manufacturing services (EMS), design engineering, and supply chain solutions in the high-tech industrial, medical device, and aerospace/defense markets, is proud to announce the expansion of its microelectronics clean room and assembly line.
Adam Klett, KYZEN Director of Science, Re-elected to SMTA Board
08/21/2024 | KYZEN'KYZEN, the global leader in innovative environmentally responsible cleaning chemistries is proud to announce the re-election of Adam Klett, KYZEN Director of Science, to the SMTA Global Board of Directors. During his first term on the SMTA Global Board of Directors from 2021-2024, Klett lead the Students and Young Professionals Committee in addition to serving on the Strategic Development Committee. He is currently chair of the Nominating Committee for 2024.
American Standard Circuits to Exhibit at Ohio Valley Expo and Tech Forum 2024
08/19/2024 | American Standard CircuitsAmerican Standard Circuits will once again be exhibiting at this year’s Ohio Valley Expo and Tech Forum 2024 to be held on Thursday, August 29th at the Embassy Suites by Hilton Cleveland-Rockside.
ROCKA Solutions CEO Rodrigo Cacho Selected for SMTA 40 Under 40
08/14/2024 | ROCKA SolutionsROCKA Solutions is proud to announce that its CEO Rodrigo Cacho has been selected for the prestigious SMTA 40 Under 40 program. This recognition comes as part of the SMTA’s 40th Anniversary celebration, honoring young leaders who have demonstrated outstanding success and contributions in the electronics manufacturing industry.