$5190
$4152
The SMT Equipment market size is expected to reach US$ 10.19 billion by 2031 from US$ 6.38 billion in 2023. The market is estimated to record a CAGR of 6.0% from 2023 to 2031. The evolution of 3D packaging and Through Silicon Via (TSV) Technologies is likely to remain a key market trend in the coming years.
SMT Equipment Market Analysis
Electronic devices are getting smaller and more complicated, with ever-shrinking components. SMT equipment is required to handle these tiny components with high precision and speed during assembly processes. The growing consumer electronic industry and miniaturization of electronic products are driving the market. Increasing need for environment-friendly electronic components and growing industrial automation are expected to create growth opportunities for the market.
SMT Equipment Market Overview
Surface mount technology (SMT) equipment are used for inspection equipment, placement equipment, soldering equipment, screen printing equipment, cleaning equipment, and other tasks. SMT is a method for mounting electrical components on the surface of a printed circuit board (PCB). This technology has grown in popularity over time due to its several benefits, including reduced component sizes, higher component density, and increased manufacturing efficiency. It improves electrical performance by shortening the connection routes between components. This results in lower parasitic capacitance and inductance, which improves signal integrity and overall system reliability.
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SMT Equipment Market: Strategic Insights
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SMT Equipment Market: Strategic Insights
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SMT Equipment Market Drivers and Opportunities
Growing Consumer Electronics Industry
Surface mount technology (SMT) has revolutionized electronic assembly, enabling the development of compact designs with higher assembly density, improved performance, and reduced costs. SMT's automated assembly processes reduce labor costs and increase production efficiency. The smaller form factor reduces material costs, making consumer electronics such as televisions and gaming consoles more affordable and accessible. Further, consumers globally are increasingly seeking more powerful and feature-laden devices. Consumer electronics such as smartphones, laptops, tablets, cameras, wearables, and home automation are adopted globally. Smartphones have become an integral part of the lifestyle. With the rising adoption of smartphones, there is a rise in smartphone penetration across the globe. According to the GSMA report, by the end of 2021, smartphones accounted for 83% of mobile connections in North America, with 30 million new smartphone connections expected by 2025.
Smart electronic devices have also gained popularity. For instance, in February 2023, in the Indian market, the shipping of wearable devices, such as fitness-tracking bands, smartwatches, and true-wireless earbuds, achieved a significant milestone by surpassing 100 million devices in a single calendar year. This accomplishment was accompanied by an impressive year-on-year shipment growth rate of 46.2% for the segment. PCBs are widely used in consumer electronics and other electronics; they connect electronic components and are an integral part of the electronics. The growing demand for consumer electronics needs surface mount technology (SMT) equipment where electronic components are directly applied to the surface of a printed circuit board (PCB). This method enables automated production to conduct a more extensive assembly, creating a fully functional circuit board. Thus, the growing consumer electronics industry drives the SMT equipment market
Increasing Need for Environment-Friendly Electronic Components
One of the most significant environmental initiatives in SMT assembly is the transition to lead-free soldering. Traditional solder alloys containing lead pose significant health and environmental risks due to their toxicity. To mitigate these risks, the electronics industry has widely adopted lead-free solder alloys, such as tin-silver-copper (SAC) and tin-copper (SnCu), which are more environmentally friendly and comply with various global regulations. There are various government laws and regulations regarding restricting the use of certain hazardous substances in electrical and electronic equipment. For example, the RoHS directive by the European Union restricts the use of ten substances: lead, mercury, cadmium, hexavalent chromium, polybrominated biphenyls (PBB) and polybrominated diphenyl ethers (PBDE), butyl benzyl phthalate (BBP), bis(2-ethylhexyl) phthalate (DEHP), dibutyl phthalate (DBP), and diisobutyl phthalate (DIBP).
SMT Equipment Market Report Segmentation Analysis
Key segments that contributed to the derivation of the SMT Equipment market analysis are component, equipment type, and end user.
- Based on component, the market is divided into passive component and active component. The active component segment held a larger share of the SMT equipment market in 2023.
- In terms of equipment type, the market is divided into inspection equipment, placement equipment, soldering equipment, screen printing equipment, cleaning equipment, and others. The placement equipment segment held the largest share of the SMT equipment market in 2023.
- Based on end user, the market is segmented into consumer electronics, telecommunication, aerospace and defense, automotive, industrial, and others. The consumer electronics segment held the largest share of the SMT equipment market in 2023.
SMT Equipment Market Share Analysis by Geography
- The SMT equipment market is segmented into five major regions—North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South & Central America. Asia Pacific dominated the market in 2023, followed by North America and Europe.
- The rapid expansion of the electronics business has increased the global demand for SMT equipment. This is driven by the rising demand for 3G and 4G telecom networks, consumer electronics, LED and CFL lighting, LCD/LED monitors and televisions, and other products in the computers, communications, and consumer electronics industries. The Creating Helpful Incentives to Produce Semiconductors (CHIPS) and Science Act, passed in August 2022, authorized subsidies and tax advantages to encourage the development of sophisticated semiconductors in the US. This was followed by broad limitations on the export of chip manufacturing technology to China. The CHIPS and Science Act incentivizes Taiwanese, Korean, and American companies to establish factories in the US. As a result, in April 2024, the US Department of Commerce and TSMC Arizona signed a non-binding preliminary memorandum of terms (PMT) for up to US$ 6.6 billion in direct funding under the CHIPS and Science Act. TSMC also announced plans to build a third fab at TSMC Arizona to meet strong customer demand, leveraging the most advanced semiconductor process technology in the US.
SMT Equipment Market Report Scope
SMT Equipment Market News and Recent Developments
The SMT equipment market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the SMT equipment market are listed below:
- Saki Corporation announced the addition of a new 3D X-ray Automated Inspection System (3D-AXI) to its popular 3Xi-M110 range, bringing further improvements in cycle time and inspection accuracy. The newly developed 3Xi-M110 V3 delivers an impressive 50% cycle-time reduction. Saki's Planar CT technology used in the 3Xi-M110 detects solder joint defects and microstructure abnormalities in high-density PCBs. The automated X-ray inspection system utilizes Real 3D volumetric inspection to clearly identify voids in multi-layer solder, THT assembly BGA head-in-pillow issues, and defective parts based on fillet position and other factors.
(Source: Saki Corporation, Press Release, January 2023)
- KLA Corporation and imec announced the intention to establish the Semiconductor Talent and Automotive Research (STAR) initiative, focusing on developing the talent base and infrastructure necessary to accelerate advanced semiconductor applications for electrification and autonomous mobility and move the automotive industry forward. The initiative builds on over 25 years of collaboration between imec and KLA. This initiative is designed to connect automotive, semiconductor, and innovation research initiatives in Belgium, Michigan (US), and Japan. Each partner will bring relevant expertise to identify and manage programs aligned with the automotive industry and talent development and recruitment.
(Source: KLA Corporation, Press Release, May 2023)
SMT Equipment Market Report Coverage and Deliverables
The "SMT Equipment Market Size and Forecast (2021–2031)" provides a detailed analysis of the market covering the areas mentioned below:
- SMT equipment market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- SMT equipment market trends, as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST and SWOT analysis
- SMT equipment market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the SMT equipment market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
Evolution of 3D packaging and Through Silicon Via (TSV) technologies is the future trends of the SMT equipment market.
The key players, holding majority shares, in SMT equipment market includes ASMPT LTD, Yamaha Motor Co., Ltd., FUJI CORPORATION, Nordson Corporation, and KLA Corporation.
The SMT equipment market was valued at US$ 6.38 billion in 2023 and is projected to reach US$ 10.18 billion by 2031; it is expected to grow at a CAGR of 6.0% during 2023–2031.
Growing consumer electronics industry and increasing miniaturization of electronic products are the driving factors impacting the SMT equipment market.
The Asia Pacific held the largest market share in 2023, followed by North America and Europe.
Asia Pacific is anticipated to grow with the highest CAGR over the forecast period 2024-2031.
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. 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. 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 – Global Market Analysis
6.1 SMT Equipment Market Revenue (US$ Million), 2021–2031
6.2 SMT Equipment Market Forecast Analysis
7. 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. 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. 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. SMT Equipment Market – Geographical Analysis
10.1 Overview
10.2 North America
10.2.1 North America SMT Equipment Market Overview
10.2.2 North America: SMT Equipment Market – Revenue and Forecast to 2031 (US$ Million)
10.2.3 North America: SMT Equipment Market Breakdown, by Component
10.2.3.1 North America: SMT Equipment Market – Revenue and Forecast Analysis – by Component
10.2.4 North America: SMT Equipment Market Breakdown, by Equipment Type
10.2.4.1 North America: SMT Equipment Market – Revenue and Forecast Analysis – by Equipment Type
10.2.5 North America: SMT Equipment Market Breakdown, by End User
10.2.5.1 North America: SMT Equipment Market – Revenue and Forecast Analysis – by End User
10.2.6 North America: SMT Equipment Market – Revenue and Forecast Analysis – by Country
10.2.6.1 North America: SMT Equipment Market – Revenue and Forecast Analysis – by Country
10.2.6.2 United States: SMT Equipment Market – Revenue and Forecast to 2031 (US$ Million)
10.2.6.2.1 United States: SMT Equipment Market Breakdown, by Component
10.2.6.2.2 United States: SMT Equipment Market Breakdown, by Equipment Type
10.2.6.2.3 United States: SMT Equipment Market Breakdown, by End User
10.2.6.3 Canada: SMT Equipment Market – Revenue and Forecast to 2031 (US$ Million)
10.2.6.3.1 Canada: SMT Equipment Market Breakdown, by Component
10.2.6.3.2 Canada: SMT Equipment Market Breakdown, by Equipment Type
10.2.6.3.3 Canada: SMT Equipment Market Breakdown, by End User
10.2.6.4 Mexico: SMT Equipment Market – Revenue and Forecast to 2031 (US$ Million)
10.2.6.4.1 Mexico: SMT Equipment Market Breakdown, by Component
10.2.6.4.2 Mexico: SMT Equipment Market Breakdown, by Equipment Type
10.2.6.4.3 Mexico: SMT Equipment Market Breakdown, by End User
10.3 Europe
10.3.1 Europe SMT Equipment Market Overview
10.3.2 Europe: SMT Equipment Market – Revenue and Forecast to 2031 (US$ Million)
10.3.3 Europe: SMT Equipment Market Breakdown, by Component
10.3.3.1 Europe: SMT Equipment Market – Revenue and Forecast Analysis – by Component
10.3.4 Europe: SMT Equipment Market Breakdown, by Equipment Type
10.3.4.1 Europe: SMT Equipment Market – Revenue and Forecast Analysis – by Equipment Type
10.3.5 Europe: SMT Equipment Market Breakdown, by End User
10.3.5.1 Europe: SMT Equipment Market – Revenue and Forecast Analysis – by End User
10.3.6 Europe: SMT Equipment Market – Revenue and Forecast Analysis – by Country
10.3.6.1 Europe: SMT Equipment Market – Revenue and Forecast Analysis – by Country
10.3.6.2 Germany: SMT Equipment Market – Revenue and Forecast to 2031 (US$ Million)
10.3.6.2.1 Germany: SMT Equipment Market Breakdown, by Component
10.3.6.2.2 Germany: SMT Equipment Market Breakdown, by Equipment Type
10.3.6.2.3 Germany: SMT Equipment Market Breakdown, by End User
10.3.6.3 United Kingdom: SMT Equipment Market – Revenue and Forecast to 2031 (US$ Million)
10.3.6.3.1 United Kingdom: SMT Equipment Market Breakdown, by Component
10.3.6.3.2 United Kingdom: SMT Equipment Market Breakdown, by Equipment Type
10.3.6.3.3 United Kingdom: SMT Equipment Market Breakdown, by End User
10.3.6.4 France: SMT Equipment Market – Revenue and Forecast to 2031 (US$ Million)
10.3.6.4.1 France: SMT Equipment Market Breakdown, by Component
10.3.6.4.2 France: SMT Equipment Market Breakdown, by Equipment Type
10.3.6.4.3 France: SMT Equipment Market Breakdown, by End User
10.3.6.5 Italy: SMT Equipment Market – Revenue and Forecast to 2031 (US$ Million)
10.3.6.5.1 Italy: SMT Equipment Market Breakdown, by Component
10.3.6.5.2 Italy: SMT Equipment Market Breakdown, by Equipment Type
10.3.6.5.3 Italy: SMT Equipment Market Breakdown, by End User
10.3.6.6 Russian Federation: SMT Equipment Market – Revenue and Forecast to 2031 (US$ Million)
10.3.6.6.1 Russian Federation: SMT Equipment Market Breakdown, by Component
10.3.6.6.2 Russian Federation: SMT Equipment Market Breakdown, by Equipment Type
10.3.6.6.3 Russian Federation: SMT Equipment Market Breakdown, by End User
10.3.6.7 Rest of Europe: SMT Equipment Market – Revenue and Forecast to 2031 (US$ Million)
10.3.6.7.1 Rest of Europe: SMT Equipment Market Breakdown, by Component
10.3.6.7.2 Rest of Europe: SMT Equipment Market Breakdown, by Equipment Type
10.3.6.7.3 Rest of Europe: SMT Equipment Market Breakdown, by End User
10.4 Asia Pacific
10.4.1 Asia Pacific SMT Equipment Market Overview
10.4.2 Asia Pacific: SMT Equipment Market – Revenue and Forecast to 2031 (US$ Million)
10.4.3 Asia Pacific: SMT Equipment Market Breakdown, by Component
10.4.3.1 Asia Pacific: SMT Equipment Market – Revenue and Forecast Analysis – by Component
10.4.4 Asia Pacific: SMT Equipment Market Breakdown, by Equipment Type
10.4.4.1 Asia Pacific: SMT Equipment Market – Revenue and Forecast Analysis – by Equipment Type
10.4.5 Asia Pacific: SMT Equipment Market Breakdown, by End User
10.4.5.1 Asia Pacific: SMT Equipment Market – Revenue and Forecast Analysis – by End User
10.4.6 Asia Pacific: SMT Equipment Market – Revenue and Forecast Analysis – by Country
10.4.6.1 Asia Pacific: SMT Equipment Market – Revenue and Forecast Analysis – by Country
10.4.6.2 China: SMT Equipment Market – Revenue and Forecast to 2031 (US$ Million)
10.4.6.2.1 China: SMT Equipment Market Breakdown, by Component
10.4.6.2.2 China: SMT Equipment Market Breakdown, by Equipment Type
10.4.6.2.3 China: SMT Equipment Market Breakdown, by End User
10.4.6.3 Japan: SMT Equipment Market – Revenue and Forecast to 2031 (US$ Million)
10.4.6.3.1 Japan: SMT Equipment Market Breakdown, by Component
10.4.6.3.2 Japan: SMT Equipment Market Breakdown, by Equipment Type
10.4.6.3.3 Japan: SMT Equipment Market Breakdown, by End User
10.4.6.4 South Korea: SMT Equipment Market – Revenue and Forecast to 2031 (US$ Million)
10.4.6.4.1 South Korea: SMT Equipment Market Breakdown, by Component
10.4.6.4.2 South Korea: SMT Equipment Market Breakdown, by Equipment Type
10.4.6.4.3 South Korea: SMT Equipment Market Breakdown, by End User
10.4.6.5 India: SMT Equipment Market – Revenue and Forecast to 2031 (US$ Million)
10.4.6.5.1 India: SMT Equipment Market Breakdown, by Component
10.4.6.5.2 India: SMT Equipment Market Breakdown, by Equipment Type
10.4.6.5.3 India: SMT Equipment Market Breakdown, by End User
10.4.6.6 Australia: SMT Equipment Market – Revenue and Forecast to 2031 (US$ Million)
10.4.6.6.1 Australia: SMT Equipment Market Breakdown, by Component
10.4.6.6.2 Australia: SMT Equipment Market Breakdown, by Equipment Type
10.4.6.6.3 Australia: SMT Equipment Market Breakdown, by End User
10.4.6.7 Rest of APAC: SMT Equipment Market – Revenue and Forecast to 2031 (US$ Million)
10.4.6.7.1 Rest of APAC: SMT Equipment Market Breakdown, by Component
10.4.6.7.2 Rest of APAC: SMT Equipment Market Breakdown, by Equipment Type
10.4.6.7.3 Rest of APAC: SMT Equipment Market Breakdown, by End User
10.5 Middle East and Africa
10.5.1 Middle East and Africa SMT Equipment Market Overview
10.5.2 Middle East and Africa: SMT Equipment Market – Revenue and Forecast to 2031 (US$ Million)
10.5.3 Middle East and Africa: SMT Equipment Market Breakdown, by Component
10.5.3.1 Middle East and Africa: SMT Equipment Market – Revenue and Forecast Analysis – by Component
10.5.4 Middle East and Africa: SMT Equipment Market Breakdown, by Equipment Type
10.5.4.1 Middle East and Africa: SMT Equipment Market – Revenue and Forecast Analysis – by Equipment Type
10.5.5 Middle East and Africa: SMT Equipment Market Breakdown, by End User
10.5.5.1 Middle East and Africa: SMT Equipment Market – Revenue and Forecast Analysis – by End User
10.5.6 Middle East and Africa: SMT Equipment Market – Revenue and Forecast Analysis – by Country
10.5.6.1 Middle East and Africa: SMT Equipment Market – Revenue and Forecast Analysis – by Country
10.5.6.2 South Africa: SMT Equipment Market – Revenue and Forecast to 2031 (US$ Million)
10.5.6.2.1 South Africa: SMT Equipment Market Breakdown, by Component
10.5.6.2.2 South Africa: SMT Equipment Market Breakdown, by Equipment Type
10.5.6.2.3 South Africa: SMT Equipment Market Breakdown, by End User
10.5.6.3 Saudi Arabia: SMT Equipment Market – Revenue and Forecast to 2031 (US$ Million)
10.5.6.3.1 Saudi Arabia: SMT Equipment Market Breakdown, by Component
10.5.6.3.2 Saudi Arabia: SMT Equipment Market Breakdown, by Equipment Type
10.5.6.3.3 Saudi Arabia: SMT Equipment Market Breakdown, by End User
10.5.6.4 United Arab Emirates: SMT Equipment Market – Revenue and Forecast to 2031 (US$ Million)
10.5.6.4.1 United Arab Emirates: SMT Equipment Market Breakdown, by Component
10.5.6.4.2 United Arab Emirates: SMT Equipment Market Breakdown, by Equipment Type
10.5.6.4.3 United Arab Emirates: SMT Equipment Market Breakdown, by End User
10.5.6.5 Rest of Middle East and Africa: SMT Equipment Market – Revenue and Forecast to 2031 (US$ Million)
10.5.6.5.1 Rest of Middle East and Africa: SMT Equipment Market Breakdown, by Component
10.5.6.5.2 Rest of Middle East and Africa: SMT Equipment Market Breakdown, by Equipment Type
10.5.6.5.3 Rest of Middle East and Africa: SMT Equipment Market Breakdown, by End User
10.6 South and Central America
10.6.1 South and Central America SMT Equipment Market Overview
10.6.2 South and Central America: SMT Equipment Market – Revenue and Forecast to 2031 (US$ Million)
10.6.3 South and Central America: SMT Equipment Market Breakdown, by Component
10.6.3.1 South and Central America: SMT Equipment Market – Revenue and Forecast Analysis – by Component
10.6.4 South and Central America: SMT Equipment Market Breakdown, by Equipment Type
10.6.4.1 South and Central America: SMT Equipment Market – Revenue and Forecast Analysis – by Equipment Type
10.6.5 South and Central America: SMT Equipment Market Breakdown, by End User
10.6.5.1 South and Central America: SMT Equipment Market – Revenue and Forecast Analysis – by End User
10.6.6 South and Central America: SMT Equipment Market – Revenue and Forecast Analysis – by Country
10.6.6.1 South and Central America: SMT Equipment Market – Revenue and Forecast Analysis – by Country
10.6.6.2 Brazil: SMT Equipment Market – Revenue and Forecast to 2031 (US$ Million)
10.6.6.2.1 Brazil: SMT Equipment Market Breakdown, by Component
10.6.6.2.2 Brazil: SMT Equipment Market Breakdown, by Equipment Type
10.6.6.2.3 Brazil: SMT Equipment Market Breakdown, by End User
10.6.6.3 Argentina: SMT Equipment Market – Revenue and Forecast to 2031 (US$ Million)
10.6.6.3.1 Argentina: SMT Equipment Market Breakdown, by Component
10.6.6.3.2 Argentina: SMT Equipment Market Breakdown, by Equipment Type
10.6.6.3.3 Argentina: SMT Equipment Market Breakdown, by End User
10.6.6.4 Rest of South and Central America: SMT Equipment Market – Revenue and Forecast to 2031 (US$ Million)
10.6.6.4.1 Rest of South and Central America: SMT Equipment Market Breakdown, by Component
10.6.6.4.2 Rest of South and Central America: SMT Equipment Market Breakdown, by Equipment Type
10.6.6.4.3 Rest of South and Central America: 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
13.4.3.1 Financial Overview
13.4.4 SWOT Analysis
13.4.5 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. North America: SMT Equipment Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 8. North America: SMT Equipment Market – Revenue and Forecast to 2031(US$ Million) – by Equipment Type
Table 9. North America: SMT Equipment Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 10. North America: SMT Equipment Market – Revenue and Forecast to 2031(US$ Million) – by Country
Table 11. United States: SMT Equipment Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 12. United States: SMT Equipment Market – Revenue and Forecast to 2031(US$ Million) – by Equipment Type
Table 13. United States: SMT Equipment Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 14. Canada: SMT Equipment Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 15. Canada: SMT Equipment Market – Revenue and Forecast to 2031(US$ Million) – by Equipment Type
Table 16. Canada: SMT Equipment Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 17. Mexico: SMT Equipment Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 18. Mexico: SMT Equipment Market – Revenue and Forecast to 2031(US$ Million) – by Equipment Type
Table 19. Mexico: SMT Equipment Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 20. Europe: SMT Equipment Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 21. Europe: SMT Equipment Market – Revenue and Forecast to 2031(US$ Million) – by Equipment Type
Table 22. Europe: SMT Equipment Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 23. Europe: SMT Equipment Market – Revenue and Forecast to 2031(US$ Million) – by Country
Table 24. Germany: SMT Equipment Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 25. Germany: SMT Equipment Market – Revenue and Forecast to 2031(US$ Million) – by Equipment Type
Table 26. Germany: SMT Equipment Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 27. United Kingdom: SMT Equipment Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 28. United Kingdom: SMT Equipment Market – Revenue and Forecast to 2031(US$ Million) – by Equipment Type
Table 29. United Kingdom: SMT Equipment Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 30. France: SMT Equipment Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 31. France: SMT Equipment Market – Revenue and Forecast to 2031(US$ Million) – by Equipment Type
Table 32. France: SMT Equipment Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 33. Italy: SMT Equipment Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 34. Italy: SMT Equipment Market – Revenue and Forecast to 2031(US$ Million) – by Equipment Type
Table 35. Italy: SMT Equipment Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 36. Russian Federation: SMT Equipment Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 37. Russian Federation: SMT Equipment Market – Revenue and Forecast to 2031(US$ Million) – by Equipment Type
Table 38. Russian Federation: SMT Equipment Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 39. Rest of Europe: SMT Equipment Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 40. Rest of Europe: SMT Equipment Market – Revenue and Forecast to 2031(US$ Million) – by Equipment Type
Table 41. Rest of Europe: SMT Equipment Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 42. Asia Pacific: SMT Equipment Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 43. Asia Pacific: SMT Equipment Market – Revenue and Forecast to 2031(US$ Million) – by Equipment Type
Table 44. Asia Pacific: SMT Equipment Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 45. Asia Pacific: SMT Equipment Market – Revenue and Forecast to 2031(US$ Million) – by Country
Table 46. China: SMT Equipment Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 47. China: SMT Equipment Market – Revenue and Forecast to 2031(US$ Million) – by Equipment Type
Table 48. China: SMT Equipment Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 49. Japan: SMT Equipment Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 50. Japan: SMT Equipment Market – Revenue and Forecast to 2031(US$ Million) – by Equipment Type
Table 51. Japan: SMT Equipment Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 52. South Korea: SMT Equipment Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 53. South Korea: SMT Equipment Market – Revenue and Forecast to 2031(US$ Million) – by Equipment Type
Table 54. South Korea: SMT Equipment Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 55. India: SMT Equipment Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 56. India: SMT Equipment Market – Revenue and Forecast to 2031(US$ Million) – by Equipment Type
Table 57. India: SMT Equipment Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 58. Australia: SMT Equipment Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 59. Australia: SMT Equipment Market – Revenue and Forecast to 2031(US$ Million) – by Equipment Type
Table 60. Australia: SMT Equipment Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 61. Rest of APAC: SMT Equipment Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 62. Rest of APAC: SMT Equipment Market – Revenue and Forecast to 2031(US$ Million) – by Equipment Type
Table 63. Rest of APAC: SMT Equipment Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 64. Middle East and Africa: SMT Equipment Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 65. Middle East and Africa: SMT Equipment Market – Revenue and Forecast to 2031(US$ Million) – by Equipment Type
Table 66. Middle East and Africa: SMT Equipment Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 67. Middle East and Africa: SMT Equipment Market – Revenue and Forecast to 2031(US$ Million) – by Country
Table 68. South Africa: SMT Equipment Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 69. South Africa: SMT Equipment Market – Revenue and Forecast to 2031(US$ Million) – by Equipment Type
Table 70. South Africa: SMT Equipment Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 71. Saudi Arabia: SMT Equipment Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 72. Saudi Arabia: SMT Equipment Market – Revenue and Forecast to 2031(US$ Million) – by Equipment Type
Table 73. Saudi Arabia: SMT Equipment Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 74. United Arab Emirates: SMT Equipment Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 75. United Arab Emirates: SMT Equipment Market – Revenue and Forecast to 2031(US$ Million) – by Equipment Type
Table 76. United Arab Emirates: SMT Equipment Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 77. Rest of Middle East and Africa: SMT Equipment Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 78. Rest of Middle East and Africa: SMT Equipment Market – Revenue and Forecast to 2031(US$ Million) – by Equipment Type
Table 79. Rest of Middle East and Africa: SMT Equipment Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 80. South and Central America: SMT Equipment Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 81. South and Central America: SMT Equipment Market – Revenue and Forecast to 2031(US$ Million) – by Equipment Type
Table 82. South and Central America: SMT Equipment Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 83. South and Central America: SMT Equipment Market – Revenue and Forecast to 2031(US$ Million) – by Country
Table 84. Brazil: SMT Equipment Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 85. Brazil: SMT Equipment Market – Revenue and Forecast to 2031(US$ Million) – by Equipment Type
Table 86. Brazil: SMT Equipment Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 87. Argentina: SMT Equipment Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 88. Argentina: SMT Equipment Market – Revenue and Forecast to 2031(US$ Million) – by Equipment Type
Table 89. Argentina: SMT Equipment Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 90. Rest of South and Central America: SMT Equipment Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 91. Rest of South and Central America: SMT Equipment Market – Revenue and Forecast to 2031(US$ Million) – by Equipment Type
Table 92. Rest of South and Central America: SMT Equipment Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 93. Company Positioning & Concentration
List of Figures
Figure 1. SMT Equipment Market Segmentation, by Geography
Figure 2. PEST Analysis
Figure 3. PEST 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. SMT Equipment Market Breakdown by Region, 2023 and 2031 (%)
Figure 24. North America: SMT Equipment Market – Revenue and Forecast to 2031(US$ Million)
Figure 25. North America: SMT Equipment Market Breakdown, by Component (2023 and 2031)
Figure 26. North America: SMT Equipment Market Breakdown, by Equipment Type (2023 and 2031)
Figure 27. North America: SMT Equipment Market Breakdown, by End User (2023 and 2031)
Figure 28. North America: SMT Equipment Market Breakdown, by Key Countries, 2023 and 2031 (%)
Figure 29. United States: SMT Equipment Market – Revenue and Forecast to 2031(US$ Million)
Figure 30. Canada: SMT Equipment Market – Revenue and Forecast to 2031(US$ Million)
Figure 31. Mexico: SMT Equipment Market – Revenue and Forecast to 2031(US$ Million)
Figure 32. Europe: SMT Equipment Market – Revenue and Forecast to 2031(US$ Million)
Figure 33. Europe: SMT Equipment Market Breakdown, by Component (2023 and 2031)
Figure 34. Europe: SMT Equipment Market Breakdown, by Equipment Type (2023 and 2031)
Figure 35. Europe: SMT Equipment Market Breakdown, by End User (2023 and 2031)
Figure 36. Europe: SMT Equipment Market Breakdown, by Key Countries, 2023 and 2031 (%)
Figure 37. Germany: SMT Equipment Market – Revenue and Forecast to 2031(US$ Million)
Figure 38. United Kingdom: SMT Equipment Market – Revenue and Forecast to 2031(US$ Million)
Figure 39. France: SMT Equipment Market – Revenue and Forecast to 2031(US$ Million)
Figure 40. Italy: SMT Equipment Market – Revenue and Forecast to 2031(US$ Million)
Figure 41. Russian Federation: SMT Equipment Market – Revenue and Forecast to 2031(US$ Million)
Figure 42. Rest of Europe: SMT Equipment Market – Revenue and Forecast to 2031(US$ Million)
Figure 43. Asia Pacific: SMT Equipment Market – Revenue and Forecast to 2031(US$ Million)
Figure 44. Asia Pacific: SMT Equipment Market Breakdown, by Component (2023 and 2031)
Figure 45. Asia Pacific: SMT Equipment Market Breakdown, by Equipment Type (2023 and 2031)
Figure 46. Asia Pacific: SMT Equipment Market Breakdown, by End User (2023 and 2031)
Figure 47. Asia Pacific: SMT Equipment Market Breakdown, by Key Countries, 2023 and 2031 (%)
Figure 48. China: SMT Equipment Market – Revenue and Forecast to 2031(US$ Million)
Figure 49. Japan: SMT Equipment Market – Revenue and Forecast to 2031(US$ Million)
Figure 50. South Korea: SMT Equipment Market – Revenue and Forecast to 2031(US$ Million)
Figure 51. India: SMT Equipment Market – Revenue and Forecast to 2031(US$ Million)
Figure 52. Australia: SMT Equipment Market – Revenue and Forecast to 2031(US$ Million)
Figure 53. Rest of APAC: SMT Equipment Market – Revenue and Forecast to 2031(US$ Million)
Figure 54. Middle East and Africa: SMT Equipment Market – Revenue and Forecast to 2031(US$ Million)
Figure 55. Middle East and Africa: SMT Equipment Market Breakdown, by Component (2023 and 2031)
Figure 56. Middle East and Africa: SMT Equipment Market Breakdown, by Equipment Type (2023 and 2031)
Figure 57. Middle East and Africa: SMT Equipment Market Breakdown, by End User (2023 and 2031)
Figure 58. Middle East and Africa: SMT Equipment Market Breakdown, by Key Countries, 2023 and 2031 (%)
Figure 59. South Africa: SMT Equipment Market – Revenue and Forecast to 2031(US$ Million)
Figure 60. Saudi Arabia: SMT Equipment Market – Revenue and Forecast to 2031(US$ Million)
Figure 61. United Arab Emirates: SMT Equipment Market – Revenue and Forecast to 2031(US$ Million)
Figure 62. Rest of Middle East and Africa: SMT Equipment Market – Revenue and Forecast to 2031(US$ Million)
Figure 63. South and Central America: SMT Equipment Market – Revenue and Forecast to 2031(US$ Million)
Figure 64. South and Central America: SMT Equipment Market Breakdown, by Component (2023 and 2031)
Figure 65. South and Central America: SMT Equipment Market Breakdown, by Equipment Type (2023 and 2031)
Figure 66. South and Central America: SMT Equipment Market Breakdown, by End User (2023 and 2031)
Figure 67. South and Central America: SMT Equipment Market Breakdown, by Key Countries, 2023 and 2031 (%)
Figure 68. Brazil: SMT Equipment Market – Revenue and Forecast to 2031(US$ Million)
Figure 69. Argentina: SMT Equipment Market – Revenue and Forecast to 2031(US$ Million)
Figure 70. Rest of South and Central America: SMT Equipment Market – Revenue and Forecast to 2031(US$ Million)
Figure 71. Heat Map Analysis by Key Players
The List of Companies - SMT Equipment Market
- Hitachi High-Tech Corp
- ASMPT Ltd
- Yamaha Motor Co Ltd
- Nordson Corp
- KLA Corp
- Viscom AG
- FUJI CORPORATION
- SAKI CORPORATION
- Mycronic
- JUKI CORPORATION
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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