The North America Surface Mount Technology Market would witness market growth of 7.3% CAGR during the forecast period (2022-2028).
The advantages of switching to surface mount technology are increased speed, cost efficiency, and reliability. These benefits are helpful throughout the assembly process since the production processes are simpler and the execution is less difficult. In addition, SMT is a considerable upgrade from the traditional leaded components used in electronics. Traditional leaded components on printed circuit boards can be replaced by surface-mount technology components, which are faster, more lightweight, and more dependable.
Because of surface-mount technology components in printed circuit boards (PCBs), businesses that produce and design goods have been empowered to cut costs considerably. Growing demand for electric vehicles has led to increased sales and manufacturing of electric cars. This market, therefore, has significant potential for growth. The vast majority of the electronic systems that go into electric vehicles are produced with surface-mount technology. This method provides higher mechanical efficiency when subjected to stress and vibration.
The market will expand as a result of several growth factors, including an increase in one-person households, an emergence in the popularity of smart homes, and an increase in the population of millennials. Innovations are a major driver of the Canadian home appliances market's growth. The preference for energy-efficient items that use less electricity and water is increasing among the younger populace. In addition, consumers are giving more weight and wide acclaim to products with smart features and multi-utility that seem straightforward yet attractive. Therefore, the surface mount technology market in the region is propelled by all these factors.
The US market dominated the North America Surface Mount Technology Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,762.3 million by 2028. The Canada market is poised to grow at a CAGR of 9.7% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 8.8% during (2022 - 2028).
Based on Industry, the market is segmented into Consumer Electronics, Telecommunication, Aerospace & Defense, Industrial, Medical, Automotive and Energy & Power Systems. Based on Equipment, the market is segmented into Placement Equipment, Inspection Equipment, Soldering Equipment, Screen Printing Equipment, Cleaning Equipment and Repair & Rework Equipment. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Worldwide Surface Mount Technology Market is Projected to reach USD 8.6 Billion by 2028, at a CAGR of 8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Nordson Corporation, KLA Corporation, Yamaha Motor Co., Ltd., Juki Corporation, Viscom AG, Hitachi High-Tech Corporation (Hitachi, Ltd.), Saki Corporation, Electro Scientific Industries (MKS Instruments, Inc. ), Fuji Machinery Co., Ltd. and Mycronic AB.
Scope of the Study
Market Segments Covered in the Report:
By Industry
- Consumer Electronics
- Telecommunication
- Aerospace & Defense
- Industrial
- Medical
- Automotive
- Energy & Power Systems
By Equipment
- Placement Equipment
- Inspection Equipment
- Soldering Equipment
- Screen Printing Equipment
- Cleaning Equipment
- Repair & Rework Equipment
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Nordson Corporation
- KLA Corporation
- Yamaha Motor Co., Ltd.
- Juki Corporation
- Viscom AG
- Hitachi High-Tech Corporation (Hitachi, Ltd.)
- Saki Corporation
- Electro Scientific Industries (MKS Instruments, Inc. )
- Fuji Machinery Co., Ltd.
- Mycronic AB
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Surface Mount Technology Market, by Industry
1.4.2 North America Surface Mount Technology Market, by Equipment
1.4.3 North America Surface Mount Technology Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market composition & scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.2.4 Expansions
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2018-2022)
Chapter 4. North America Surface Mount Technology Market by Industry
4.1 North America Consumer Electronics Market by Country
4.2 North America Telecommunication Market by Country
4.3 North America Aerospace & Defense Market by Country
4.4 North America Industrial Market by Country
4.5 North America Medical Market by Country
4.6 North America Automotive Market by Country
4.7 North America Energy & Power Systems Market by Country
Chapter 5. North America Surface Mount Technology Market by Equipment
5.1 North America Placement Equipment Market by Country
5.2 North America Inspection Equipment Market by Country
5.3 North America Soldering Equipment Market by Country
5.4 North America Screen Printing Equipment Market by Country
5.5 North America Cleaning Equipment Market by Country
5.6 North America Repair & Rework Equipment Market by Country
Chapter 6. North America Surface Mount Technology Market by Country
6.1 US Surface Mount Technology Market
6.1.1 US Surface Mount Technology Market by Industry
6.1.2 US Surface Mount Technology Market by Equipment
6.2 Canada Surface Mount Technology Market
6.2.1 Canada Surface Mount Technology Market by Industry
6.2.2 Canada Surface Mount Technology Market by Equipment
6.3 Mexico Surface Mount Technology Market
6.3.1 Mexico Surface Mount Technology Market by Industry
6.3.2 Mexico Surface Mount Technology Market by Equipment
6.4 Rest of North America Surface Mount Technology Market
6.4.1 Rest of North America Surface Mount Technology Market by Industry
6.4.2 Rest of North America Surface Mount Technology Market by Equipment
Chapter 7. Company Profiles
7.1 KLA Corporation
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.1.4 Research & Development Expenses
7.1.5 Recent strategies and developments:
7.1.5.1 Business Expansions:
7.1.5.2 Acquisition and Mergers:
7.1.5.3 Geographical Expansions:
7.2 Yamaha Motor Co., Ltd.
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental and Regional Analysis
7.2.4 Research & Development Expense
7.2.5 Recent strategies and developments:
7.2.5.1 Business Expansions:
7.2.5.2 Product Launches and Product Expansions:
7.3 Nordson Corporation
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Segmental and Regional Analysis
7.3.4 Research & Development Expense
7.3.5 Recent strategies and developments:
7.3.5.1 Acquisition and Mergers:
7.4 Mycronic AB
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Segmental and Regional Analysis
7.4.4 Research & Development Expenses
7.4.5 Recent strategies and developments:
7.4.5.1 Partnerships, Collaborations, and Agreements:
7.4.5.2 Acquisition and Mergers:
7.5 Juki Corporation
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Segmental and Regional Analysis
7.5.4 Research & Development Expense
7.5.5 Recent strategies and developments:
7.5.5.1 Product Launches and Product Expansions:
7.6 Viscom AG
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Product Category and Regional Analysis
7.6.4 Research & Development Expense
7.7 Electro Scientific Industries, Inc. (MKS Instruments, Inc.)
7.7.1 Company Overview
7.7.2 Financial Analysis
7.7.3 Segmental and Regional Analysis
7.7.4 Research & Development Expenses
7.8 Hitachi High-Tech Corporation (Hitachi, Ltd.)
7.8.1 Company Overview
7.8.2 Financial Analysis
7.8.3 Segmental and Regional Analysis
7.8.4 Research & Development Expenses
7.9 Saki Corporation
7.9.1 Company Overview
7.9.2 Recent strategies and developments:
7.9.2.1 Partnerships, Collaborations, and Agreements:
7.9.2.2 Product Launches and Product Expansions:
7.10. Fuji Machinery Co., Ltd.
7.10.1 Company Overview
TABLE 1 North America Surface Mount Technology Market, 2018 - 2021, USD Million
TABLE 2 North America Surface Mount Technology Market, 2022 - 2028, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Surface Mount Technology Market
TABLE 4 Product Launches And Product Expansions– Surface Mount Technology Market
TABLE 5 Acquisition and Mergers– Surface Mount Technology Market
TABLE 6 expansions – Surface Mount Technology Market
TABLE 7 North America Surface Mount Technology Market by Industry, 2018 - 2021, USD Million
TABLE 8 North America Surface Mount Technology Market by Industry, 2022 - 2028, USD Million
TABLE 9 North America Consumer Electronics Market by Country, 2018 - 2021, USD Million
TABLE 10 North America Consumer Electronics Market by Country, 2022 - 2028, USD Million
TABLE 11 North America Telecommunication Market by Country, 2018 - 2021, USD Million
TABLE 12 North America Telecommunication Market by Country, 2022 - 2028, USD Million
TABLE 13 North America Aerospace & Defense Market by Country, 2018 - 2021, USD Million
TABLE 14 North America Aerospace & Defense Market by Country, 2022 - 2028, USD Million
TABLE 15 North America Industrial Market by Country, 2018 - 2021, USD Million
TABLE 16 North America Industrial Market by Country, 2022 - 2028, USD Million
TABLE 17 North America Medical Market by Country, 2018 - 2021, USD Million
TABLE 18 North America Medical Market by Country, 2022 - 2028, USD Million
TABLE 19 North America Automotive Market by Country, 2018 - 2021, USD Million
TABLE 20 North America Automotive Market by Country, 2022 - 2028, USD Million
TABLE 21 North America Energy & Power Systems Market by Country, 2018 - 2021, USD Million
TABLE 22 North America Energy & Power Systems Market by Country, 2022 - 2028, USD Million
TABLE 23 North America Surface Mount Technology Market by Equipment, 2018 - 2021, USD Million
TABLE 24 North America Surface Mount Technology Market by Equipment, 2022 - 2028, USD Million
TABLE 25 North America Placement Equipment Market by Country, 2018 - 2021, USD Million
TABLE 26 North America Placement Equipment Market by Country, 2022 - 2028, USD Million
TABLE 27 North America Inspection Equipment Market by Country, 2018 - 2021, USD Million
TABLE 28 North America Inspection Equipment Market by Country, 2022 - 2028, USD Million
TABLE 29 North America Soldering Equipment Market by Country, 2018 - 2021, USD Million
TABLE 30 North America Soldering Equipment Market by Country, 2022 - 2028, USD Million
TABLE 31 North America Screen Printing Equipment Market by Country, 2018 - 2021, USD Million
TABLE 32 North America Screen Printing Equipment Market by Country, 2022 - 2028, USD Million
TABLE 33 North America Cleaning Equipment Market by Country, 2018 - 2021, USD Million
TABLE 34 North America Cleaning Equipment Market by Country, 2022 - 2028, USD Million
TABLE 35 North America Repair & Rework Equipment Market by Country, 2018 - 2021, USD Million
TABLE 36 North America Repair & Rework Equipment Market by Country, 2022 - 2028, USD Million
TABLE 37 North America Surface Mount Technology Market by Country, 2018 - 2021, USD Million
TABLE 38 North America Surface Mount Technology Market by Country, 2022 - 2028, USD Million
TABLE 39 US Surface Mount Technology Market, 2018 - 2021, USD Million
TABLE 40 US Surface Mount Technology Market, 2022 - 2028, USD Million
TABLE 41 US Surface Mount Technology Market by Industry, 2018 - 2021, USD Million
TABLE 42 US Surface Mount Technology Market by Industry, 2022 - 2028, USD Million
TABLE 43 US Surface Mount Technology Market by Equipment, 2018 - 2021, USD Million
TABLE 44 US Surface Mount Technology Market by Equipment, 2022 - 2028, USD Million
TABLE 45 Canada Surface Mount Technology Market, 2018 - 2021, USD Million
TABLE 46 Canada Surface Mount Technology Market, 2022 - 2028, USD Million
TABLE 47 Canada Surface Mount Technology Market by Industry, 2018 - 2021, USD Million
TABLE 48 Canada Surface Mount Technology Market by Industry, 2022 - 2028, USD Million
TABLE 49 Canada Surface Mount Technology Market by Equipment, 2018 - 2021, USD Million
TABLE 50 Canada Surface Mount Technology Market by Equipment, 2022 - 2028, USD Million
TABLE 51 Mexico Surface Mount Technology Market, 2018 - 2021, USD Million
TABLE 52 Mexico Surface Mount Technology Market, 2022 - 2028, USD Million
TABLE 53 Mexico Surface Mount Technology Market by Industry, 2018 - 2021, USD Million
TABLE 54 Mexico Surface Mount Technology Market by Industry, 2022 - 2028, USD Million
TABLE 55 Mexico Surface Mount Technology Market by Equipment, 2018 - 2021, USD Million
TABLE 56 Mexico Surface Mount Technology Market by Equipment, 2022 - 2028, USD Million
TABLE 57 Rest of North America Surface Mount Technology Market, 2018 - 2021, USD Million
TABLE 58 Rest of North America Surface Mount Technology Market, 2022 - 2028, USD Million
TABLE 59 Rest of North America Surface Mount Technology Market by Industry, 2018 - 2021, USD Million
TABLE 60 Rest of North America Surface Mount Technology Market by Industry, 2022 - 2028, USD Million
TABLE 61 Rest of North America Surface Mount Technology Market by Equipment, 2018 - 2021, USD Million
TABLE 62 Rest of North America Surface Mount Technology Market by Equipment, 2022 - 2028, USD Million
TABLE 63 Key Information – KLA Corporation
TABLE 64 Key Information – Yamaha Motor Co., Ltd.
TABLE 65 Key Information – Nordson Corporation
TABLE 66 Key Information – Mycronic AB
TABLE 67 Key Information – JUKI CORPORATION
TABLE 68 Key Information – Viscom AG
TABLE 69 Key Information – Electro Scientific Industries, Inc.
TABLE 70 Key Information – Hitachi High-Tech Corporation
TABLE 71 key Information – Saki Corporation
TABLE 72 Key Information – Fuji Machinery Co., Ltd.
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2018-2022)
FIG 4 Recent strategies and developments: KLA Corporation
FIG 5 Recent strategies and developments: Yamaha Motor Co., Ltd.