According to our (Global Info Research) latest study, the global Surface Mount Technology (SMT) Equipment market size was valued at US$ 5757 million in 2025 and is forecast to a readjusted size of US$ 7987 million by 2032 with a CAGR of 4.8% during review period.
Surface Mount Technology (SMT) Equipment refers to the machinery and systems used in the electronic assembly process for mounting electronic components directly onto the surface of printed circuit boards (PCBs). Key equipment includes pick-and-place machines, solder paste printers, reflow ovens, inspection systems (AOI, SPI), and screen printers. SMT equipment enables high-speed, automated, and precise assembly of complex electronics, making it essential for industries such as consumer electronics, automotive, telecommunications, medical devices, aerospace, and industrial electronics. SMT technology has largely replaced through-hole assembly due to its efficiency, miniaturization capability, and lower production cost.
In 2024, global sales reached approximately 71 K Units, with an average global market price of around K US$ 72.3 per unit.
The SMT equipment market is set for strong, sustained growth as global electronics demand accelerates across industries. The push toward miniaturization, automation, and high-performance devices ensures SMT remains the backbone of PCB assembly. With Asia-Pacific dominating due to large-scale electronics manufacturing in China, Japan, South Korea, and Taiwan, the region will remain the largest SMT equipment hub. However, North America and Europe will see increasing investments in advanced SMT lines for EVs, aerospace, and medical devices. The rise of 5G, IoT, AI, and EV technologies continues to expand the need for precise, reliable, and automated assembly. Manufacturers are also under pressure to comply with RoHS and eco-friendly manufacturing standards, pushing for upgrades to sustainable SMT processes.
Market Trend
The global SMT equipment market is witnessing strong growth driven by increasing demand for miniaturized, high-performance electronics. As industries such as 5G, IoT, EVs, and consumer electronics expand, manufacturers require advanced SMT solutions that deliver high throughput, precision, and flexibility. Automation is a key trend: smart factories and Industry 4.0 are pushing adoption of intelligent SMT systems with integrated sensors, data analytics, and real-time monitoring. AI-powered inspection systems (AOI, SPI) and collaborative robotics are improving defect detection and reducing downtime.
Market Drive
Several factors are driving the SMT equipment market: Electronics Miniaturization: Growing demand for smaller, lighter, and more powerful devices in smartphones, wearables, and IoT pushes manufacturers to adopt advanced SMT solutions. Automotive Electronics: The shift toward electric vehicles (EVs), ADAS, and connected cars requires highly reliable, compact, and high-performance PCB assemblies, boosting SMT equipment demand.
Upstream and Downstream
Upstream, SMT equipment relies on precision components and raw materials, including motors, sensors, conveyors, nozzles, soldering systems, and high-speed cameras. Suppliers include Keyence (sensors), Omron (automation components), Murata (materials), Henkel & Indium Corp. (solder paste), and Asahi Kasei (chemicals). SMT machine manufacturers such as ASMPT, JUKI, Fuji, Panasonic, Yamaha Robotics, and Mycronic integrate these parts into equipment.
Downstream, SMT equipment is used by EMS (Electronics Manufacturing Services) providers like Foxconn, Pegatron, Jabil, Flex, and Celestica, as well as OEMs such as Apple, Samsung, Huawei, Bosch, Siemens, and Intel. These companies use SMT lines to assemble consumer electronics, EVs, telecom, aerospace, and medical devices.
This report is a detailed and comprehensive analysis for global Surface Mount Technology (SMT) Equipment market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
Key Features:
Global Surface Mount Technology (SMT) Equipment market size and forecasts, in consumption value ($ Million), sales quantity (Units), and average selling prices (K US$/Unit), 2021-2032
Global Surface Mount Technology (SMT) Equipment market size and forecasts by region and country, in consumption value ($ Million), sales quantity (Units), and average selling prices (K US$/Unit), 2021-2032
Global Surface Mount Technology (SMT) Equipment market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (Units), and average selling prices (K US$/Unit), 2021-2032
Global Surface Mount Technology (SMT) Equipment market shares of main players, shipments in revenue ($ Million), sales quantity (Units), and ASP (K US$/Unit), 2021-2026
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Surface Mount Technology (SMT) Equipment
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Surface Mount Technology (SMT) Equipment market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Fuji Corporation, ASM Pacific Technology, Panasonic, Yamaha Motor, Koh Young, Mycronic, Juki, Hanwha Precision Machinery, ITW EAE, Kulicke & Soffa, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market Segmentation
Surface Mount Technology (SMT) Equipment market is split by Type and by Application. For the period 2021-2032, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
Placement Equipment
Printer Equipment
Reflow Oven Equipment
Others
Market segment by Application
Consumer Electronics
Telecommunications Equipment
Automotive
Medical Devices
Others
Major players covered
Fuji Corporation
ASM Pacific Technology
Panasonic
Yamaha Motor
Koh Young
Mycronic
Juki
Hanwha Precision Machinery
ITW EAE
Kulicke & Soffa
GKG
Viscom
Mirtec
Universal Instruments
Kurtz Ersa
Test Research (TRI)
Europlacer
BTU International
Parmi
Saki
Heller Industries
Mirae
Beijing Borey
Beijing Torch
Market segment by region, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Surface Mount Technology (SMT) Equipment product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Surface Mount Technology (SMT) Equipment, with price, sales quantity, revenue, and global market share of Surface Mount Technology (SMT) Equipment from 2021 to 2026.
Chapter 3, the Surface Mount Technology (SMT) Equipment competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Surface Mount Technology (SMT) Equipment breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2021 to 2032.
Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2021 to 2032.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2021 to 2026.and Surface Mount Technology (SMT) Equipment market forecast, by regions, by Type, and by Application, with sales and revenue, from 2027 to 2032.
Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Surface Mount Technology (SMT) Equipment.
Chapter 14 and 15, to describe Surface Mount Technology (SMT) Equipment sales channel, distributors, customers, research findings and conclusion.
Summary:
Get latest Market Research Reports on Surface Mount Technology (SMT) Equipment. Industry analysis & Market Report on Surface Mount Technology (SMT) Equipment is a syndicated market report, published as Global Surface Mount Technology (SMT) Equipment Market 2026 by Manufacturers, Regions, Type and Application, Forecast to 2032. It is complete Research Study and Industry Analysis of Surface Mount Technology (SMT) Equipment market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.