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Global Surface Mount Technology (SMT) Equipment Market 2017-2021: Shift Toward Sensor-Based Inspection Systems - Research and Markets

[November 07, 2017]

Global Surface Mount Technology (SMT) Equipment Market 2017-2021: Shift Toward Sensor-Based Inspection Systems - Research and Markets

The "Global Surface Mount Technology (SMT) Equipment Market 2017-2021" report has been added to Research and Markets' offering.

The global surface mount technology (SMT) equipment market is expected to grow at a CAGR of 8.66% during the period 2017-2021.

The report, Global Surface Mount Technology (SMT) Equipment Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

One trend in the market is shift toward sensor-based inspection systems. One of the major trends as identified by Technavio is the transition from manual to sensor-based inspection systems. The use of manual inspection-based systems can result in several errors during the inspection phase of the solder paste application, solder joints, and placement of componets.

According to the report, one driver in the market is growth of the PCB market. The major driver for the global SMT equipment market is the steady growth of the PCB market. PCBs form the core of every electronic device since it provides an electrically conductive path for several components such as resistors, capacitors, transistors, ICs, and diodes. SMT placement equipment is required to place each of the components on the PCB without any overlaps or loose connections. It is necessary to take the growth of the global PCB market into account to validate the growth of the global SMT equipment market.

Key vendors