The report forecasts the global SMT placement equipment market to grow at a CAGR of 6.46% during the period 2016-2020.
The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Increased applications of SMT placement equipment will be a key trend for market growth. The healthcare industry is also undergoing rapid evolution. Earlier, medical instruments involved manual operation processes, which are increasingly being replaced by smart medical devices. All medical instruments are now engineered with sensors, smart display devices, and complex circuit boards to increase the accuracy of prediction. In addition, every aspect of the medical field is being digitized, requiring SMT placement equipment for pick-and-place operations.
According to the report, high demand from EMS companies will be a key driver for market growth. The technological innovations will lead to a demand for electronic manufacturing services companies worldwide, and may spur substantial investments in new production lines. We infer that new investments would warrant further investments in SMT placement equipment, expanding the market during the forecast period.
Further, the report states that high investment requirements to implement advanced SMT will be a challenge for the market.
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by end user
PART 07: Geographical segmentation
PART 08: Pricing analysis
PART 09: Market drivers
PART 10: Impact of drivers
PART 11: Market challenges
PART 12: Impact of drivers and challenges
PART 13: Market trends
PART 14: Vendor landscape
PART 15: Appendix
For more information about this report visit http://www.researchandmarkets.com/research/48xmph/global_smt
Related Topics: Semiconductor
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To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/global-smt-placement-equipment-market-to-grow-646-by-2020---increased-applications-of-smt-placement-equipment---research-and-markets-300317687.html
SOURCE Research and Markets