DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/x53729/surface_mount) has announced the addition of the "Surface Mount Technologies Market in APAC 2015-2019" report to their offering.
The surface mount technologies market in APAC to grow at a CAGR of 7.06% over the period 2014-2019.
Surface Mount Technologies Market in APAC 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report presents the vendor landscape and a corresponding detailed analysis of the major vendors in the market. In addition, it discusses the major drivers that influence the growth of the market. It also outlines the challenges faced by vendors and the market at large, as well as the key trends emerging in the market. To calculate the market size, the report covers the revenue generated from placement, screen printing, soldering, and inspection.
Consumers often look for electronic devices that are small, compact, and economical. This has encouraged electronic device manufacturers to reduce the size of their products, which is possible with miniaturization of passive components. Apart from developing countries, developed nations like the US and Japan and European countries are also seeing increased demand for more compact, portable electronic devices with enhanced features.
According to the report, the proliferating use of electronic devices in vehicles and medical equipment along with continuous growth of smartphones and tablets in APAC will drive the market during the forecast period. Miniaturization of electronic products will also force SMT equipment manufacturers to continue developing innovative products so that they can sustain in the market.
Further, the report states that the electronic industry, which is the major end-user of SMT equipment, is highly fragmented with most of the vendors being small and medium-sized enterprises. These vendors do not have sufficient capital to afford highly priced SMT equipment. To drive the sales of SMT equipment, vendors provide several additional features in the machine so that it is differentiated from their competitors.
- Fuji Machine
Other prominent vendors
- Koh Young Technology
- Speedline Technologies
- Test Research
- Universal Instruments
For more information visit http://www.researchandmarkets.com/research/x53729/surface_mount