The key drivers behind the development of the global SMT inspection equipment market are the rising demand for semiconductors, the adoption of artificial intelligence (A.I.) and 5G wireless technologies, and the explosive growth of the automotive and electrical industries. Additionally, it is predicted that throughout the forecast period Furthermore, as leading manufacturers increasingly embrace high-speed and economical AOI technology, the market's profitability is anticipated to reach new heights in the years to come. The market for SMT inspection equipment is expanding favorably due to the expanding production of medical devices, ventilators, and other essential equipment and the present trend of miniaturizing products with improved performance and cheaper configuration costs.
COVID-19 IMPACT
Nearly every business has been impacted by the dangerous global pandemic known as COVID-19. The rapidly spreading coronavirus has severely impacted the world's commercial operations. The effects of the supply chain disruption are evident in the global economy. The extended lockdown and commercial halt it has significantly affected the consumer electronics and automotive industries. After the electronics and automotive sectors reopen worldwide, market participants who work in surface mount technology are anticipated to see growth prospects. Products like computers, laptops, smartphones, and other items are in more demand.
DRIVING FACTORS
Demand for SMT PCBs in the Consumer Electronics Sector Will Drive Market
The printed circuit board (PCB) industry has been rapidly expanding in recent years, owing primarily to the ongoing development of consumer electronics devices and the increased demand for miniature PCBs in electronics and electrical equipment. These electronic devices come in a variety of shapes, forms, and sizes, and are designed to meet the needs of the application. Thus, an electronic device's processing lifecycle travels through the entire surface mount technology equipment from printed circuit board to finished electronic device. The Internet of Things (IoT) provides new opportunities for consumer electronics and wearable device manufacturers. The PCB industry is projected to be considerably impacted by innovations in wearable device designs, such as smart watches that combine flexible sensors and circuits.
RESTRAINING FACTORS
Surface Mount Technology (SMT) Inspection Equipment Repair Complexity Limits the Market Growth
One issue is the complexity of repairing surface mount technology (SMT) inspection equipment. The size of the electronic components on boards is the primary cause. Another significant difficulty is their tremendous density. Since traditional soldering methods won't function, this device requires inventive repairers. When fixing this equipment, they must employ specialist methods. Thus, this is limiting the growth of the SMT inspection equipment market over the forecast period.
SEGMENTATION
By System
Based on the system, the SMT inspection equipment market is segmented into automatic optical inspection (AOI), automated x-ray inspection (AXI), solder paste inspection (SPI), flying probe test and others (in-circuit test (ICT), manual X-ray inspection (MXI), etc.). The automatic optical inspection (AOI) category dominated the market in 2021. An automated optical inspection is a form of automated visual inspection used to produce printed circuit boards. A camera autonomously scans the tested product to look for quality and catastrophic flaws. Because it is a non-contact test method, it is frequently employed in manufacturing.
By Dimension
By dimension, the market is segmented into 2D and 3D. The 3D category dominated the market in 2021. Compared to 2D inspection, 3D SMT inspection equipment has enabled more precise measurements and a more stable inspection process. Only a few years old, 3D SMT inspection technology is now being used by increasingly skilled and knowledgeable electronics manufacturing companies. In the PCB assembly process, the key benefit of a 3D inspection over a 2D inspection is that it offers accurate volumetric height data.
By Phase
By phase, the market is segmented into incoming inspection, in-process inspection and product inspection & rework. The product inspection & rework category dominated the market in 2021. During SMT assembly, process inspection and rework are used to evaluate the functionality, examine, and address flaws, such as solder paste printing, chip mounting, and reflow soldering.
By Configuration
By configuration, the market is segmented into inline and offline. The inline category dominated the market in 2021. Electronic boards can be checked while still on the assembly line using inline SMT inspection equipment. This kind of inspection equipment is crucial for the finished product to meet all quality standards. Inline SMT inspection tools come in a wide range of varieties, each with its own characteristics and advantages. The SMT line incorporates inline systems that verify each PCB as it travels by on the conveyor.
By End User
By end user, the market is segmented into integrated device manufacturer (IDM), outsourced semiconductor assembly and test (OSAT), and foundry. The integrated device manufacturer (IDM) category dominated the market in 2021. A semiconductor business, an integrated device manufacturer (IDM), creates, produces, and markets integrated circuit (I.C.) goods. When a business manages semiconductor manufacturing internally, it is referred to as an IDM instead of a fabless semiconductor company, which outsources production to a different semiconductor fabrication facility.
REGIONAL INSIGHTS
The Asia Pacific is projected to hold the largest share of the SMT inspection equipment market over the forecast period due to the region's substantial manufacturing hubs and big client base. The market for SMT inspection equipment in Asia Pacific is anticipated to be driven by rising consumer electronics demand, demand for autonomous and safety features in automobiles, and penetration of 5G and IoT in several industries. In 2021, China held a sizable portion of the market in the area. 60% of China's automatic placement machines were imported by OEMs, ODMs, EMS providers, PCB producers, component suppliers, and semiconductor assembly firms from significant SMT (mounting) and FCB (bonding) equipment vendors between 2016 and 2019.
On the other hand, the North American SMT inspection equipment market is anticipated to grow significantly over the forecast period. Demand is rising as a result of increased digitization and a developing electronics sector. Electronic device manufacturers around the region increasingly depend on SMT to expedite manufacturing as a result of the rising demand for electronic products such as smartphones, medical devices, wearables, laptops, P.C.s, and other home appliances.
LIST OF KEY COMPANIES PROFILED:
- Omron Corporation
- Koh Young
- Test Research
- Yxlon International
- SAKI Corporation
- Jutze Intelligence
- Pemtron Corporation
- PARMI Co., Ltd.
- Camtek
- ViTechnology
- Machine Vision Products (MVP)
- CKD Corporation
- GÖPEL electronic GmbH
- MIRTEC CO., LTD
- ViTrox
- AOI Systems Ltd
- HIOKI E.E. CORPORATION
- Acculogic Inc.
- Mycronics (atg Luther & Maelzer)
- Seica
- JOINT STARS TECHNOLOGY CO., LTD
- TAKAYA
- SPEA
KEY INDUSTRY DEVELOPMENTS:
- March 2022: Test Research, Inc. Released the TR8100H SII high-density pin count in-circuit tester (ICT) with vacuum fixture for full coverage testing. The most recent high-performance board test system, the TR8100H SII, is made for testing both big, complex PCBAs and low-voltage components.
| Attributes | Details |
| Study Period | 2016-2030 |
| Base Year | 2021 |
| Estimated Year | 2023 |
| Forecast Period | 2023-2030 |
| Historical Period | 2016-2020 |
| Unit | Revenue (USD Million) and Volume (Kilo Tons) |
| Segmentation | By System, By Dimension, By Phase, By Configuration, By End User and By Geography |
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