Product Code: 18733
The Global Surface Mount Technology (SMT) Market will grow from USD 7.18 Billion in 2025 to USD 11.69 Billion by 2031 at a 8.46% CAGR. Surface Mount Technology is a production method where electronic components are mounted directly onto the surface of printed circuit boards to create compact and efficient electronic circuits.
| Market Overview |
| Forecast Period | 2027-2031 |
| Market Size 2025 | USD 7.18 Billion |
| Market Size 2031 | USD 11.69 Billion |
| CAGR 2026-2031 | 8.46% |
| Fastest Growing Segment | Healthcare |
| Largest Market | North America |
Key Market Drivers
The rapid expansion of the Electric Vehicle (EV) sector is a primary catalyst propelling the Global Surface Mount Technology (SMT) Market, as manufacturers increasingly rely on high-precision component placement for complex automotive electronics. Modern EVs require sophisticated SMT assemblies for essential systems, including power management units, battery monitoring circuits, and advanced driver-assistance systems (ADAS), which demand high reliability and miniaturization. This surge in automotive electrification significantly boosts the volume of electronic components processed.
Key Market Challenges
The substantial capital investment required for precision placement and inspection machinery presents a formidable barrier to the expansion of the Global Surface Mount Technology (SMT) Market. This financial burden restricts the market entry of smaller manufacturers and stifles the operational agility of existing cost-sensitive firms. When companies cannot afford essential upgrades to automated optical inspection systems or high-speed placement gear, they struggle to maintain the quality and volume standards demanded by rapidly evolving sectors like automotive electronics.
Key Market Trends
The Adoption of Industry 4.0 and Smart Factory Connectivity Standards is fundamentally reshaping the SMT landscape as manufacturers prioritize digital transformation to enhance operational resilience and efficiency. This trend involves the deep integration of artificial intelligence and machine learning into production lines, enabling predictive maintenance and autonomous process adjustments that significantly reduce downtime. Companies are moving beyond isolated pilot projects to deploy these connected technologies at scale, driven by the need to optimize internal workflows and maintain competitiveness in a fluctuating economic environment.
Key Market Players
- Fuji Machine Manufacturing Co., Ltd.
- Yamaha Motor Co., Ltd.
- Panasonic Corporation
- Mycronic AB
- ASM Assembly Systems GmbH & Co. KG
- Nordson Corporation
- Viscom AG
- Siemens AG
- Kurtz Ersa Corporation
- Universal Instruments Corporation
Report Scope:
In this report, the Global Surface Mount Technology (SMT) Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
Surface Mount Technology (SMT) Market, By Component:
- Passive Components (Resistors, Capacitors)
- Active Components (Transistors, Integrated Circuits)
Surface Mount Technology (SMT) Market, By Equipment:
- Inspection
- Placement
- Soldering
- Screen Printing
- Cleaning
- Repair & Rework
Surface Mount Technology (SMT) Market, By Service:
- Supply Chain Services
- Designing
- Aftermarket Services
- Test & Prototype
- Manufacturing
Surface Mount Technology (SMT) Market, By End User Industry:
- Consumer Electronics
- Automotive
- Industrial
- Electronics
- Aerospace & Defense
- Healthcare
- Others
Surface Mount Technology (SMT) Market, By Region:
- North America
- United States
- Canada
- Mexico
- Europe
- France
- United Kingdom
- Italy
- Germany
- Spain
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- South America
- Brazil
- Argentina
- Colombia
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the Global Surface Mount Technology (SMT) Market.
Available Customizations:
Global Surface Mount Technology (SMT) Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to five).
Table of Contents
1. Product Overview
- 1.1. Market Definition
- 1.2. Scope of the Market
- 1.2.1. Markets Covered
- 1.2.2. Years Considered for Study
- 1.2.3. Key Market Segmentations
2. Research Methodology
- 2.1. Objective of the Study
- 2.2. Baseline Methodology
- 2.3. Key Industry Partners
- 2.4. Major Association and Secondary Sources
- 2.5. Forecasting Methodology
- 2.6. Data Triangulation & Validation
- 2.7. Assumptions and Limitations
3. Executive Summary
- 3.1. Overview of the Market
- 3.2. Overview of Key Market Segmentations
- 3.3. Overview of Key Market Players
- 3.4. Overview of Key Regions/Countries
- 3.5. Overview of Market Drivers, Challenges, Trends
4. Voice of Customer
5. Global Surface Mount Technology (SMT) Market Outlook
- 5.1. Market Size & Forecast
- 5.2. Market Share & Forecast
- 5.2.1. By Component (Passive Components (Resistors, Capacitors), Active Components (Transistors, Integrated Circuits))
- 5.2.2. By Equipment (Inspection, Placement, Soldering, Screen Printing, Cleaning, Repair & Rework)
- 5.2.3. By Service (Supply Chain Services, Designing, Aftermarket Services, Test & Prototype, Manufacturing)
- 5.2.4. By End User Industry (Consumer Electronics, Automotive, Industrial, Electronics, Aerospace & Defense, Healthcare, Others)
- 5.2.5. By Region
- 5.2.6. By Company (2025)
- 5.3. Market Map
6. North America Surface Mount Technology (SMT) Market Outlook
- 6.1. Market Size & Forecast
- 6.2. Market Share & Forecast
- 6.2.1. By Component
- 6.2.2. By Equipment
- 6.2.3. By Service
- 6.2.4. By End User Industry
- 6.2.5. By Country
- 6.3. North America: Country Analysis
- 6.3.1. United States Surface Mount Technology (SMT) Market Outlook
- 6.3.1.1. Market Size & Forecast
- 6.3.1.2. Market Share & Forecast
- 6.3.1.2.1. By Component
- 6.3.1.2.2. By Equipment
- 6.3.1.2.3. By Service
- 6.3.1.2.4. By End User Industry
- 6.3.2. Canada Surface Mount Technology (SMT) Market Outlook
- 6.3.2.1. Market Size & Forecast
- 6.3.2.2. Market Share & Forecast
- 6.3.2.2.1. By Component
- 6.3.2.2.2. By Equipment
- 6.3.2.2.3. By Service
- 6.3.2.2.4. By End User Industry
- 6.3.3. Mexico Surface Mount Technology (SMT) Market Outlook
- 6.3.3.1. Market Size & Forecast
- 6.3.3.2. Market Share & Forecast
- 6.3.3.2.1. By Component
- 6.3.3.2.2. By Equipment
- 6.3.3.2.3. By Service
- 6.3.3.2.4. By End User Industry
7. Europe Surface Mount Technology (SMT) Market Outlook
- 7.1. Market Size & Forecast
- 7.2. Market Share & Forecast
- 7.2.1. By Component
- 7.2.2. By Equipment
- 7.2.3. By Service
- 7.2.4. By End User Industry
- 7.2.5. By Country
- 7.3. Europe: Country Analysis
- 7.3.1. Germany Surface Mount Technology (SMT) Market Outlook
- 7.3.1.1. Market Size & Forecast
- 7.3.1.2. Market Share & Forecast
- 7.3.1.2.1. By Component
- 7.3.1.2.2. By Equipment
- 7.3.1.2.3. By Service
- 7.3.1.2.4. By End User Industry
- 7.3.2. France Surface Mount Technology (SMT) Market Outlook
- 7.3.2.1. Market Size & Forecast
- 7.3.2.2. Market Share & Forecast
- 7.3.2.2.1. By Component
- 7.3.2.2.2. By Equipment
- 7.3.2.2.3. By Service
- 7.3.2.2.4. By End User Industry
- 7.3.3. United Kingdom Surface Mount Technology (SMT) Market Outlook
- 7.3.3.1. Market Size & Forecast
- 7.3.3.2. Market Share & Forecast
- 7.3.3.2.1. By Component
- 7.3.3.2.2. By Equipment
- 7.3.3.2.3. By Service
- 7.3.3.2.4. By End User Industry
- 7.3.4. Italy Surface Mount Technology (SMT) Market Outlook
- 7.3.4.1. Market Size & Forecast
- 7.3.4.2. Market Share & Forecast
- 7.3.4.2.1. By Component
- 7.3.4.2.2. By Equipment
- 7.3.4.2.3. By Service
- 7.3.4.2.4. By End User Industry
- 7.3.5. Spain Surface Mount Technology (SMT) Market Outlook
- 7.3.5.1. Market Size & Forecast
- 7.3.5.2. Market Share & Forecast
- 7.3.5.2.1. By Component
- 7.3.5.2.2. By Equipment
- 7.3.5.2.3. By Service
- 7.3.5.2.4. By End User Industry
8. Asia Pacific Surface Mount Technology (SMT) Market Outlook
- 8.1. Market Size & Forecast
- 8.2. Market Share & Forecast
- 8.2.1. By Component
- 8.2.2. By Equipment
- 8.2.3. By Service
- 8.2.4. By End User Industry
- 8.2.5. By Country
- 8.3. Asia Pacific: Country Analysis
- 8.3.1. China Surface Mount Technology (SMT) Market Outlook
- 8.3.1.1. Market Size & Forecast
- 8.3.1.2. Market Share & Forecast
- 8.3.1.2.1. By Component
- 8.3.1.2.2. By Equipment
- 8.3.1.2.3. By Service
- 8.3.1.2.4. By End User Industry
- 8.3.2. India Surface Mount Technology (SMT) Market Outlook
- 8.3.2.1. Market Size & Forecast
- 8.3.2.2. Market Share & Forecast
- 8.3.2.2.1. By Component
- 8.3.2.2.2. By Equipment
- 8.3.2.2.3. By Service
- 8.3.2.2.4. By End User Industry
- 8.3.3. Japan Surface Mount Technology (SMT) Market Outlook
- 8.3.3.1. Market Size & Forecast
- 8.3.3.2. Market Share & Forecast
- 8.3.3.2.1. By Component
- 8.3.3.2.2. By Equipment
- 8.3.3.2.3. By Service
- 8.3.3.2.4. By End User Industry
- 8.3.4. South Korea Surface Mount Technology (SMT) Market Outlook
- 8.3.4.1. Market Size & Forecast
- 8.3.4.2. Market Share & Forecast
- 8.3.4.2.1. By Component
- 8.3.4.2.2. By Equipment
- 8.3.4.2.3. By Service
- 8.3.4.2.4. By End User Industry
- 8.3.5. Australia Surface Mount Technology (SMT) Market Outlook
- 8.3.5.1. Market Size & Forecast
- 8.3.5.2. Market Share & Forecast
- 8.3.5.2.1. By Component
- 8.3.5.2.2. By Equipment
- 8.3.5.2.3. By Service
- 8.3.5.2.4. By End User Industry
9. Middle East & Africa Surface Mount Technology (SMT) Market Outlook
- 9.1. Market Size & Forecast
- 9.2. Market Share & Forecast
- 9.2.1. By Component
- 9.2.2. By Equipment
- 9.2.3. By Service
- 9.2.4. By End User Industry
- 9.2.5. By Country
- 9.3. Middle East & Africa: Country Analysis
- 9.3.1. Saudi Arabia Surface Mount Technology (SMT) Market Outlook
- 9.3.1.1. Market Size & Forecast
- 9.3.1.2. Market Share & Forecast
- 9.3.1.2.1. By Component
- 9.3.1.2.2. By Equipment
- 9.3.1.2.3. By Service
- 9.3.1.2.4. By End User Industry
- 9.3.2. UAE Surface Mount Technology (SMT) Market Outlook
- 9.3.2.1. Market Size & Forecast
- 9.3.2.2. Market Share & Forecast
- 9.3.2.2.1. By Component
- 9.3.2.2.2. By Equipment
- 9.3.2.2.3. By Service
- 9.3.2.2.4. By End User Industry
- 9.3.3. South Africa Surface Mount Technology (SMT) Market Outlook
- 9.3.3.1. Market Size & Forecast
- 9.3.3.2. Market Share & Forecast
- 9.3.3.2.1. By Component
- 9.3.3.2.2. By Equipment
- 9.3.3.2.3. By Service
- 9.3.3.2.4. By End User Industry
10. South America Surface Mount Technology (SMT) Market Outlook
- 10.1. Market Size & Forecast
- 10.2. Market Share & Forecast
- 10.2.1. By Component
- 10.2.2. By Equipment
- 10.2.3. By Service
- 10.2.4. By End User Industry
- 10.2.5. By Country
- 10.3. South America: Country Analysis
- 10.3.1. Brazil Surface Mount Technology (SMT) Market Outlook
- 10.3.1.1. Market Size & Forecast
- 10.3.1.2. Market Share & Forecast
- 10.3.1.2.1. By Component
- 10.3.1.2.2. By Equipment
- 10.3.1.2.3. By Service
- 10.3.1.2.4. By End User Industry
- 10.3.2. Colombia Surface Mount Technology (SMT) Market Outlook
- 10.3.2.1. Market Size & Forecast
- 10.3.2.2. Market Share & Forecast
- 10.3.2.2.1. By Component
- 10.3.2.2.2. By Equipment
- 10.3.2.2.3. By Service
- 10.3.2.2.4. By End User Industry
- 10.3.3. Argentina Surface Mount Technology (SMT) Market Outlook
- 10.3.3.1. Market Size & Forecast
- 10.3.3.2. Market Share & Forecast
- 10.3.3.2.1. By Component
- 10.3.3.2.2. By Equipment
- 10.3.3.2.3. By Service
- 10.3.3.2.4. By End User Industry
11. Market Dynamics
- 11.1. Drivers
- 11.2. Challenges
12. Market Trends & Developments
- 12.1. Merger & Acquisition (If Any)
- 12.2. Product Launches (If Any)
- 12.3. Recent Developments
13. Global Surface Mount Technology (SMT) Market: SWOT Analysis
14. Porter's Five Forces Analysis
- 14.1. Competition in the Industry
- 14.2. Potential of New Entrants
- 14.3. Power of Suppliers
- 14.4. Power of Customers
- 14.5. Threat of Substitute Products
15. Competitive Landscape
- 15.1. Fuji Machine Manufacturing Co., Ltd.
- 15.1.1. Business Overview
- 15.1.2. Products & Services
- 15.1.3. Recent Developments
- 15.1.4. Key Personnel
- 15.1.5. SWOT Analysis
- 15.2. Yamaha Motor Co., Ltd.
- 15.3. Panasonic Corporation
- 15.4. Mycronic AB
- 15.5. ASM Assembly Systems GmbH & Co. KG
- 15.6. Nordson Corporation
- 15.7. Viscom AG
- 15.8. Siemens AG
- 15.9. Kurtz Ersa Corporation
- 15.10. Universal Instruments Corporation
16. Strategic Recommendations
17. About Us & Disclaimer