LOS ANGELES, April 09, 2019 (GLOBE NEWSWIRE) -- The global surface mount technology (SMT) placement equipment market was worth US$3.8 bn in 2018 and is expected to be worth US$6.3 bn by the end of 2025. The global market is expected to surge at a robust CAGR of 10.64% between 2018 and 2025. Improving manufacturing techniques are expected to play an integral part in driving the global SMT placement equipment market.
Some of the key players operating in the global SMT (placement) equipment market are ASM Pacific Technology (ASMPT), Fuji, Hanwha Precision Machinery, Yamaha Motor, JUKI, Panasonic, Assembleon (K&S), Mycronic, Universal Instruments, Europlacer, Mirae, Autotronik, DDM Novastar, and Beijing Torch amongst others. To stay ahead of the competition, companies are expected to make investments in research and development. Innovation and launching accuracy-driven products will be the key strategies adopted by companies in the global SMT placement equipment market. The analysts have conducted SWOT analysis and Porter’s five forces analysis to provide the readers with detailed information about the shifting competitive landscape.
Global SMT Placement Equipment Market: Drivers
Analysts anticipate that the demand for SMT placement equipment is expected to surge in the coming years. The demand will be driven by the changing attitude toward manufacturing. Launch of new and advanced manufacturing methods and technologically-advanced equipment. Analysts have studied this market in great depth to present a clear picture of the ever-changing market dynamics.
Global SMT Placement Equipment Market: Forecast by Segmentation
On the basis of type, the global SMT placement equipment market is segmented into high-speed type, medium-speed type, and others. In terms of application, the global market includes consumer electronics, medical, automotive, and telecommunications equipment. Analysts anticipate that the consumer electronics market will gain momentum in the near future during increasing expenditure on the same. Rising disposable incomes and rapid pace of industrialization are expected to act in favor of the global SMT placement equipment market.
Request Sample Report and Full Report TOC: https://www.qyresearch.com/sample-form/form/738401/global-smt-placement-equipment-market
Global SMT Placement Equipment Market: Forecast by Region
In terms of region, the global SMT placement equipment market is segmented into North America, Europe, Asia Pacific, the Middle East and Africa, and South and Central America. Analysts anticipate the Asia Pacific will witness a substantial growth in the coming years with due to the lucrative opportunities provided by emerging economies of India and China. Booming pace and upcoming trend of manufacturing in these countries is expected to create demand for SMT placement equipment across Asia Pacific. Government initiatives such as “Make in India” are expected to further boost the demand. On the other hand, North America too is expected to witness a steady demand for SMT placement equipment in the near future.
Global SMT Placement Equipment Market Now, Report delivery time within 24 hours @ https://www.qyresearch.com/settlement/pre/a1bae6ad5638cec6b018ace12355f34e,0,1,Global%20SMT%20Placement%20Equipment%20Market%20Insights,%20Forecast%20to%202025,
For Any Special Requirement and Discount Request @ https://www.qyresearch.com/customize-request/form/738401/global-smt-placement-equipment-market
Sales Contact:
USA Registered Office: QY Research, INC.
17890 Castleton, Suite 218,
City of industry, CA - 91748
USA: +1 6262 952 442
Emails – enquiry@qyresearch.com
Web – www.qyresearch.com