Surface Mount Technology (SMT) is an integral part of telecommunication devices, consumer electronics and computing equipment. Increasing usage of these devices has spurred the market of SMT. Reliability and quality assurance for SMT equipment is further driving the SMT Inspection market. SMT Inspection plays a vital role in ensuring the robust algorithms and mechanical designs. Suppliers of SMT Inspection are presently focusing on joint ventures, partnership, mergers and acquisition to improve the customer base and provide wide range of offerings. Electronics assembly such as Printed circuit boards (PCBs) final assembly are the integral part of SMT equipment and is our focus area in this report.
Keeping all above factors in mind, Quadrant Knowledge Solutions realizes the importance of SMT Inspection. According to the latest market outlook research “SMT Inspection Market Outlook – Market Forecast, Trends, and Analysis Through 2020” the market is expected to grow at a CAGR of 7.4% from 2016-2020. The SMT inspection market is expected to reach nearly $1.37 billion by 2020.
On equipment type, X-ray Inspection Equipment is expected to growth at a higher rate compared to Automated Optical Inspection (AOI) and Solder Paste Inspection (SPI) Equipment. Regionally majority of this growth is expected to come from Asia region owning to the increased demand for electronic products according to Quadrant Knowledge Solutions.
The SMT Inspection market outlook study provides detailed information about market trends and challenges. In addition to strategic insights, the study provides market forecast analysis by key geographical regions, industry verticals, technology segments, customer type, and sales channel. This research provides strategic analysis and competitive positioning of the key technology suppliers.
Impact of Industry 4.0 and Internet of Things will Drive SMT Inspection Market
The original equipment manufacturers (OEMs) are a part of Industry 4.0 which expects for an Overall Equipment Effectiveness (OEE) and this had led to the growth of the SMT inspection equipment market. Due to high competitions, the demand of the customers of the electronic industry had continuously grown in the past. They completely look for an ultra-flexible technology which provides a high performance, practically secure and are absolutely reliable. The smart factory technology can be achieved through advanced inspection types of equipment which can provide an excellent quality and high precise of product deliverable. The smart part assembly and the defect detection are the basic requirements to deliver high-quality products which are implemented by the introduction of SMT inspection equipment technology.
The Internet of things is highly influencing the day to day life of the people and this simultaneously increasing the demand for the SMT technology. The electronic industry manufacturers are constantly striving hard to produce innovative electronic devices that will create a revolution in the consumer product market. This had led to the invention of smaller miniaturized components which has the combination of reduced cost and weight. This, in turn, had boosted the growth of the SMT inspection equipment market.
SMT Inspection Market Outlook – Market Forecast, Trends, and Analysis Through 2020 is a part of Semiconductor & Electronics (S&E) research of Quadrant Knowledge Solutions.
For more information about this market outlook research, please write to info@Quadrant-Solutions.com. You can also visit SMT Inspection Market Research for more information of market research contents.
Keywords: Surface Mount Technology Inspection, SMT, Automated Optical Inspection, AOI, Solder Paste Inspection, SPI, X-ray Inspection, Printed Circuit Boards, PCBs, OEM, ODM, Market Research, Market Size, Market Share, Competitive Strategy, Market Forecast, Key Trends, Market Drivers, Market Restraints, Market Challenges, Internet of Things, Industry 4.0, Smart Manufacturing
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