Additionally, it has resulted in increasing market share concentration among the few market participants who have strategically positioned products to serve end users in the tough scenario. The SMT placement market is focusing more on the flexibility segment to survive the economic downturn.
New analysis from Frost & Sullivan (smt.frost.com), Global Surface-Mount Technology Placement Equipment Markets, finds that the market earned revenues of $1,740.5 million in 2008 and estimates this to reach $2,498.5 million in 2015. The markets covered in this research are total SMT placement equipment, low-speed SMT placement equipment, medium-speed SMT placement equipment and high-speed SMT placement equipment.
“The strategic focus of SMT placement equipment manufacturers has increasingly been on producing flexible machines which cater to the unpredictable volume and scenarios of electronics assemblers,” says Frost & Sullivan Research Analyst Harish Natesan. “This approach would help them fully utilise their existing installed capacity and reduce manufacturing costs.”
The placement equipment market has been one of the worst affected SMT segments due to the global economic slump. There has been a steep fall in the demand globally for SMT placement equipment, particularly due to the reluctant spending patterns of electronic manufacturers and tightening credit from financial institutions.
“Introducing innovative products to cater to the changing demands of electronics manufacturers will be the key to survival in the current situation,” advises Natesan. ”Moreover, extending financial help to electronics manufacturers as well as offering value-added features will also be critical to overcoming the ongoing economic slowdown.”
Global Surface-Mount Technology Placement Equipment Markets is part of the Surface-Mount Technologies Growth Partnership Services programme, which also includes research in the following markets: World SMT Glue Dispensers Market, World SMT Screen Printer Markets, and Global Surface Mount Technology Inspection Equipment Markets. All research services included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants.
If you are interested in more information on this study, send an email to Joanna Lewandowska, Corporate Communications, at joanna.lewandowska[.]frost.com with your full name, company name, title, telephone number, company email address, company website, city, state and country.
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Global Surface Mount Technology Placement Equipment Markets / M45C