Asia Pacific SMT Equipment Market Forecast to 2031 - Regional Analysis - by Component (Passive Component and Active Component), Equipment Type (Inspection Equipment, Placement Equipment, Soldering Equipment, Screen Printing Equipment, Cleaning Equipment, and Others), and End User (Consumer Electronics, Telecommunication, Aerospace and Defense, Automotive, Industrial, and Others)
The Asia Pacific SMT equipment market was valued at US$ 2,891.80 million in 2023 and is projected to reach US$ 4,951.52 million by 2031; it is estimated to record a CAGR of 7.0% from 2023 to 2031.
Growing Industrial Automation Boosts Asia Pacific SMT Equipment Market
Industrial automation offers a number of benefits over traditional manual labor. Hence, it is used to improve productivity, quality, and safety in manufacturing and other industrial applications.
Industrial automation uses robotics, industrial sensors, machines, and control systems to perform tasks that human workers traditionally carried out. PCBs are essential in industrial automation because they provide a platform for integrating various electronic components. PCBs play a vital role in controlling robotic arms to coordinate complex manufacturing processes; they form the backbone of automation systems. The PCBs contain the placement of complex components such as BGA, CSP, QFP, DFN, and POP, which are used in industrial automation. SMT equipment can smoothly place these complex components on PCBs. Thus, the growing industrial automation is expected to create an opportunity for the growth of the Asia Pacific SMT equipment market.
Asia Pacific SMT Equipment Market Overview
The Asia Pacific SMT equipment market is segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. The SMT equipment market in Asia is expected to grow significantly, driven by the rising demand for printed circuit board assemblies (PCBA) in various industries, including automotive, consumer electronics, and aerospace. Various global players are expanding in Asia Pacific to provide SMT equipment to meet the demands of these growing industries and provide cutting-edge technology, solutions, and experience. For example, in April 2024, Essemtec AG expanded its network of demo centers in Asia to meet the growing demand for SMT equipment. Essemtec and its partners operate six demo centers in Asia, with a seventh center slated to open in Q3 2024. The establishment of these demo centers is part of Essemtec's strategic collaboration with its partners, a partnership designed to amplify Essemtec's reach and deliver advanced solutions to a wider customer base. The current demo centers are in Lumpur, Bangkok, Pune, Shenzhen, and Shanghai (2 centers).
In addition, Asia Pacific is home to pioneering 5G markets, such as Australia, Japan, Singapore, and South Korea, where the technology has become mainstream. The region has a few of the fastest-growing 5G markets, such as India, which is set to expand tens of millions of 5G connections in 2023. Per the Global System for Mobile Communications (GSMC), by the end of 2030, there will be ~1.4 billion 5G connections in Asia Pacific, equivalent to 41% of total mobile connections. In mobile manufacturing, SMT equipment is used to mount electrical components directly onto the surface of a printed circuit board (PCB). Thus, the growing penetration of mobile and telecommunication is fueling the growth of the market.
Asia Pacific SMT Equipment Market Revenue and Forecast to 2031 (US$ Million)
Asia Pacific SMT Equipment Market Segmentation
The Asia Pacific SMT equipment market is categorized into component, equipment type, end user, and country.
Based on component, the Asia Pacific SMT equipment market is bifurcated into passive component and active component. The active component segment held a larger market share in 2023.
In terms of equipment type, the Asia Pacific SMT equipment market is categorized into inspection equipment, placement equipment, soldering equipment, screen printing equipment, cleaning equipment, and others. The placement equipment segment held the largest market share in 2023.
By end user, the Asia Pacific SMT equipment market is segmented into consumer electronics, telecommunication, aerospace and defense, automotive, industrial, and others. The consumer electronics segment held the largest market share in 2023.
By country, the Asia Pacific SMT equipment market is segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. China dominated the Asia Pacific SMT equipment market share in 2023.
ASMPT Ltd, FUJI CORPORATION, Hitachi High-Tech Corp, JUKI CORPORATION, KLA Corp, Mycronic, Nordson Corp, SAKI CORPORATION, Viscom AG, and Yamaha Motor Co Ltd are some of the leading companies operating in the Asia Pacific SMT equipment market.
TABLE OF CONTENTS
1. Introduction
1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Secondary Research
3.2 Primary Research
3.2.1 Hypothesis formulation:
3.2.2 Macro-economic factor analysis:
3.2.3 Developing base number:
3.2.4 Data Triangulation:
3.2.5 Country level data:
4. Asia Pacific SMT Equipment Market Landscape
4.1 Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.3.1 List of Vendors in the Value Chain
5. Asia Pacific SMT Equipment Market - Key Market Dynamics
5.1 SMT Equipment Market - Key Market Dynamics
5.2 Market Drivers
5.2.1 Growing Consumer Electronics Industry
5.2.2 Increasing Miniaturization of Electronic Products
5.3 Market Restraints
5.3.1 High Initial Investments
5.4 Market Opportunities
5.4.1 Increasing Need for Environment-Friendly Electronic Components
5.4.2 Growing Industrial Automation
5.5 Future Trends
5.5.1 Evolution of 3D Packaging and Through Silicon Via (TSV) Technologies
5.6 Impact of Drivers and Restraints:
6. SMT Equipment Market - Asia Pacific Analysis
6.1 Asia Pacific SMT Equipment Market
6.2 SMT Equipment Market Revenue (US$ Million), 2021-2031
6.3 SMT Equipment Market Forecast Analysis
7. Asia Pacific SMT Equipment Market Analysis - by Component
7.1 Passive Component
7.1.1 Overview
7.1.2 Passive Component: SMT Equipment Market - Revenue and Forecast to 2031 (US$ Million)
7.2 Active Component
7.2.1 Overview
7.2.2 Active Component: SMT Equipment Market - Revenue and Forecast to 2031 (US$ Million)
8. Asia Pacific SMT Equipment Market Analysis - by Equipment Type
8.1 Inspection Equipment
8.1.1 Overview
8.1.2 Inspection Equipment: SMT Equipment Market - Revenue and Forecast to 2031 (US$ Million)
8.2 Placement Equipment
8.2.1 Overview
8.2.2 Placement Equipment: SMT Equipment Market - Revenue and Forecast to 2031 (US$ Million)
8.3 Soldering Equipment
8.3.1 Overview
8.3.2 Soldering Equipment: SMT Equipment Market - Revenue and Forecast to 2031 (US$ Million)
8.4 Screen Printing Equipment
8.4.1 Overview
8.4.2 Screen Printing Equipment: SMT Equipment Market - Revenue and Forecast to 2031 (US$ Million)
8.5 Cleaning Equipment
8.5.1 Overview
8.5.2 Cleaning Equipment: SMT Equipment Market - Revenue and Forecast to 2031 (US$ Million)
8.6 Others
8.6.1 Overview
8.6.2 Others: SMT Equipment Market - Revenue and Forecast to 2031 (US$ Million)
9. Asia Pacific SMT Equipment Market Analysis - by End User
9.1 Consumer Electronics
9.1.1 Overview
9.1.2 Consumer Electronics: SMT Equipment Market - Revenue and Forecast to 2031 (US$ Million)
9.2 Telecommunication
9.2.1 Overview
9.2.2 Telecommunication: SMT Equipment Market - Revenue and Forecast to 2031 (US$ Million)
9.3 Aerospace and Defense
9.3.1 Overview
9.3.2 Aerospace and Defense: SMT Equipment Market - Revenue and Forecast to 2031 (US$ Million)
9.4 Automotive
9.4.1 Overview
9.4.2 Automotive: SMT Equipment Market - Revenue and Forecast to 2031 (US$ Million)
9.5 Industrial
9.5.1 Overview
9.5.2 Industrial: SMT Equipment Market - Revenue and Forecast to 2031 (US$ Million)
9.6 Others
9.6.1 Overview
9.6.2 Others: SMT Equipment Market - Revenue and Forecast to 2031 (US$ Million)
10. Asia Pacific SMT Equipment Market -Country Analysis
10.1 Asia Pacific SMT Equipment Market Overview
10.1.1 Asia Pacific: SMT Equipment Market, by Key Countries- Revenue (2023) (US$ Million)
10.1.2 Asia Pacific: SMT Equipment Market - Revenue and Forecast Analysis - by Country
10.1.2.1 Asia Pacific: SMT Equipment Market - Revenue and Forecast Analysis - by Country
10.1.2.2 China: SMT Equipment Market - Revenue and Forecast to 2031 (US$ Million)
10.1.2.2.1 China: SMT Equipment Market Breakdown, by Component
10.1.2.2.2 China: SMT Equipment Market Breakdown, by Equipment Type
10.1.2.2.3 China: SMT Equipment Market Breakdown, by End User
10.1.2.3 Japan: SMT Equipment Market - Revenue and Forecast to 2031 (US$ Million)
10.1.2.3.1 Japan: SMT Equipment Market Breakdown, by Component
10.1.2.3.2 Japan: SMT Equipment Market Breakdown, by Equipment Type
10.1.2.3.3 Japan: SMT Equipment Market Breakdown, by End User
10.1.2.4 South Korea: SMT Equipment Market - Revenue and Forecast to 2031 (US$ Million)
10.1.2.4.1 South Korea: SMT Equipment Market Breakdown, by Component
10.1.2.4.2 South Korea: SMT Equipment Market Breakdown, by Equipment Type
10.1.2.4.3 South Korea: SMT Equipment Market Breakdown, by End User
10.1.2.5 India: SMT Equipment Market - Revenue and Forecast to 2031 (US$ Million)
10.1.2.5.1 India: SMT Equipment Market Breakdown, by Component
10.1.2.5.2 India: SMT Equipment Market Breakdown, by Equipment Type
10.1.2.5.3 India: SMT Equipment Market Breakdown, by End User
10.1.2.6 Australia: SMT Equipment Market - Revenue and Forecast to 2031 (US$ Million)
10.1.2.6.1 Australia: SMT Equipment Market Breakdown, by Component
10.1.2.6.2 Australia: SMT Equipment Market Breakdown, by Equipment Type
10.1.2.6.3 Australia: SMT Equipment Market Breakdown, by End User
10.1.2.7 Rest of APAC: SMT Equipment Market - Revenue and Forecast to 2031 (US$ Million)
10.1.2.7.1 Rest of APAC: SMT Equipment Market Breakdown, by Component
10.1.2.7.2 Rest of APAC: SMT Equipment Market Breakdown, by Equipment Type
10.1.2.7.3 Rest of APAC: SMT Equipment Market Breakdown, by End User
11. Competitive Landscape
11.1 Heat Map Analysis by Key Players
11.2 Company Positioning & Concentration
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 Product Development
13. Company Profiles
13.1 Hitachi High-Tech Corp
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 ASMPT Ltd
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Yamaha Motor Co., Ltd.
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Nordson Corp
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 KLA Corp
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Viscom AG
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 FUJI CORPORATION
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 SAKI CORPORATION
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Mycronic
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 JUKI CORPORATION
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 Glossary
14.2 About The Insight Partners
List of Tables
Table 1. SMT Equipment Market Segmentation
Table 2. List of Vendors
Table 3. SMT Equipment Market - Revenue and Forecast to 2031 (US$ Million)
Table 4. SMT Equipment Market - Revenue and Forecast to 2031 (US$ Million) - by Component
Table 5. SMT Equipment Market - Revenue and Forecast to 2031 (US$ Million) - by Equipment Type
Table 6. SMT Equipment Market - Revenue and Forecast to 2031 (US$ Million) - by End User
Table 7. Asia Pacific: SMT Equipment Market - Revenue and Forecast to 2031 (US$ Million) - by Country
Table 8. China: SMT Equipment Market - Revenue and Forecast to 2031 (US$ Million) - by Component
Table 9. China: SMT Equipment Market - Revenue and Forecast to 2031 (US$ Million) - by Equipment Type
Table 10. China: SMT Equipment Market - Revenue and Forecast to 2031 (US$ Million) - by End User
Table 11. Japan: SMT Equipment Market - Revenue and Forecast to 2031 (US$ Million) - by Component
Table 12. Japan: SMT Equipment Market - Revenue and Forecast to 2031 (US$ Million) - by Equipment Type
Table 13. Japan: SMT Equipment Market - Revenue and Forecast to 2031 (US$ Million) - by End User
Table 14. South Korea: SMT Equipment Market - Revenue and Forecast to 2031 (US$ Million) - by Component
Table 15. South Korea: SMT Equipment Market - Revenue and Forecast to 2031 (US$ Million) - by Equipment Type
Table 16. South Korea: SMT Equipment Market - Revenue and Forecast to 2031 (US$ Million) - by End User
Table 17. India: SMT Equipment Market - Revenue and Forecast to 2031 (US$ Million) - by Component
Table 18. India: SMT Equipment Market - Revenue and Forecast to 2031 (US$ Million) - by Equipment Type
Table 19. India: SMT Equipment Market - Revenue and Forecast to 2031 (US$ Million) - by End User
Table 20. Australia: SMT Equipment Market - Revenue and Forecast to 2031 (US$ Million) - by Component
Table 21. Australia: SMT Equipment Market - Revenue and Forecast to 2031 (US$ Million) - by Equipment Type
Table 22. Australia: SMT Equipment Market - Revenue and Forecast to 2031 (US$ Million) - by End User
Table 23. Rest of APAC: SMT Equipment Market - Revenue and Forecast to 2031 (US$ Million) - by Component
Table 24. Rest of APAC: SMT Equipment Market - Revenue and Forecast to 2031 (US$ Million) - by Equipment Type
Table 25. Rest of APAC: SMT Equipment Market - Revenue and Forecast to 2031 (US$ Million) - by End User
List of Figures
Figure 1. SMT Equipment Market Segmentation, by Country
Figure 2. PEST Analysis
Figure 3. Ecosystem Analysis
Figure 4. Impact Analysis of Drivers and Restraints
Figure 5. SMT Equipment Market Revenue (US$ Million), 2021-2031
Figure 6. SMT Equipment Market Share (%) - by Component (2023 and 2031)
Figure 7. Passive Component: SMT Equipment Market - Revenue and Forecast to 2031 (US$ Million)
Figure 8. Active Component: SMT Equipment Market - Revenue and Forecast to 2031 (US$ Million)
Figure 9. SMT Equipment Market Share (%) - by Equipment Type (2023 and 2031)
Figure 10. Inspection Equipment: SMT Equipment Market - Revenue and Forecast to 2031 (US$ Million)
Figure 11. Placement Equipment: SMT Equipment Market - Revenue and Forecast to 2031 (US$ Million)
Figure 12. Soldering Equipment: SMT Equipment Market - Revenue and Forecast to 2031 (US$ Million)
Figure 13. Screen Printing Equipment: SMT Equipment Market - Revenue and Forecast to 2031 (US$ Million)
Figure 14. Cleaning Equipment: SMT Equipment Market - Revenue and Forecast to 2031 (US$ Million)
Figure 15. Others: SMT Equipment Market - Revenue and Forecast to 2031 (US$ Million)
Figure 16. SMT Equipment Market Share (%) - by End User (2023 and 2031)
Figure 17. Consumer Electronics: SMT Equipment Market - Revenue and Forecast to 2031 (US$ Million)
Figure 18. Telecommunication: SMT Equipment Market - Revenue and Forecast to 2031 (US$ Million)
Figure 19. Aerospace and Defense: SMT Equipment Market - Revenue and Forecast to 2031 (US$ Million)
Figure 20. Automotive: SMT Equipment Market - Revenue and Forecast to 2031 (US$ Million)
Figure 21. Industrial: SMT Equipment Market - Revenue and Forecast to 2031 (US$ Million)
Figure 22. Others: SMT Equipment Market - Revenue and Forecast to 2031 (US$ Million)
Figure 23. Asia Pacific: SMT Equipment Market, by Key Countries- Revenue (2023) (US$ Million)
Figure 24. Asia Pacific: SMT Equipment Market Breakdown, by Key Countries, 2023 and 2031 (%)
Figure 25. China: SMT Equipment Market - Revenue and Forecast to 2031 (US$ Million)
Figure 26. Japan: SMT Equipment Market - Revenue and Forecast to 2031 (US$ Million)
Figure 27. South Korea: SMT Equipment Market - Revenue and Forecast to 2031 (US$ Million)
Figure 28. India: SMT Equipment Market - Revenue and Forecast to 2031 (US$ Million)
Figure 29. Australia: SMT Equipment Market - Revenue and Forecast to 2031 (US$ Million)
Figure 30. Rest of APAC: SMT Equipment Market - Revenue and Forecast to 2031 (US$ Million)
Figure 31. Heat Map Analysis by Key Players
Figure 32. Company Positioning & Concentration
- ASMPT Ltd
- FUJI CORPORATION
- Hitachi High-Tech
- JUKI CORPORATION
- KLA Corp
- Mycronic
- Nordson Corp
- SAKI CORPORATION
- Viscom AG
- Yamaha Motor Co Ltd
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Asia Pacific SMT equipment market.
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the Asia Pacific SMT equipment market, thereby allowing players across the value chain to develop effective long-term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the Asia Pacific SMT equipment market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution.