Surface Mount Technology Market Size, Share, Opportunities, And Trends By Equipment (Screen Print Equipment, Soldering Equipment, Inspection Equipment, Placement Equipment, Cleaning Equipment, Others), By Industry Vertical (Telecommunication, Consumer Electronics, Aerospace And Defense, Automotive, Healthcare, Others), And By Geography - Forecasts From 2025 To 2030

Surface Mount Technology Market Size:

The surface mount technology (SMT) market will grow at a CAGR of 7.30% to be valued at US$8.231 billion in 2030 from US$5.786 billion in 2025.

To learn more about this report, request a free sample copy

Surface Mount Technology Market Overview:

The Surface Mount Technology (SMT) Market is a critical pillar of modern electronics manufacturing, enabling the production of compact, high-performance devices that power consumer electronics, automotive systems, telecommunications, and healthcare innovations. Surface Mount Technology (SMT) involves mounting electronic components directly onto the surface of printed circuit boards (PCBs), offering superior space efficiency and automation capabilities compared to traditional through-hole methods.

The market encompasses the SMT equipment market, which includes placement, soldering, and inspection systems; the SMT services market, covering design, prototyping, and assembly; and the broader PCB assembly market, integral to electronics manufacturing services (EMS). As industries demand smaller, smarter, and more efficient devices, SMT facilitates high-density component integration, supporting applications from 5G infrastructure to electric vehicle (EV) powertrains. The market is shaped by rapid technological advancements, such as AI-driven automation and sustainable manufacturing, but faces challenges like high equipment costs and supply chain complexities.

Surface Mount Technology (SMT) revolutionizes electronics assembly by enabling the placement of miniaturized components, such as resistors, capacitors, and integrated circuits, directly onto PCBs. Unlike through-hole technology, SMT eliminates the need for drilled holes, allowing for denser circuit designs and automated production. The SMT equipment market includes high-precision tools like pick-and-place machines, reflow ovens, and automated optical inspection (AOI) systems, which ensure accuracy and scalability. For instance, Fuji Corporation’s NXTR placement systems support ultra-fine pitch components for EV and 5G applications. The SMT services market provides design, prototyping, and testing, enabling EMS providers to deliver customized solutions. The PCB assembly market integrates these technologies, producing compact boards for smartphones, wearables, and medical devices.

SMT supports Industry 4.0 through AI-enhanced precision and robotics, reducing labor costs and improving quality. In consumer electronics, SMT enables slim, lightweight devices, as seen in Apple’s iPhone 16, which relies on high-density PCBs. In automotive, SMT is critical for advanced driver-assistance systems (ADAS) and EV battery management, with Yamaha Motor’s YSM20R placement machines optimizing high-volume production. The SMT services market also supports rapid prototyping, as demonstrated by Summit Interconnect’s acquisition of Royal Circuit Solutions in 2022, expanding North American PCB assembly capabilities.

As of 2025, the SMT Market is experiencing robust growth, driven by demand for miniaturized electronics and automation. While exact market size varies by source, recent industry developments indicate a strong upward trajectory, fueled by investments in electronics manufacturing services (EMS) and the PCB assembly market. The SMT equipment market is expanding due to demand for high-speed placement and inspection systems, while the SMT services market grows with the rise of outsourcing. The market is projected to grow significantly through 2030, driven by 5G deployment, EV adoption, and IoT proliferation. For instance, the International Federation of Robotics forecasts increased robot installations in electronics manufacturing, supporting SMT growth. By 2030, the market is expected to benefit from advancements in AI, sustainable materials, and regional manufacturing initiatives, particularly in the Asia-Pacific.

The SMT Market serves diverse sectors. In consumer electronics, SMT enables compact PCBs for smartphones and wearables, with Panasonic’s NPM-WX platform supporting high-mix production. In telecommunications, SMT supports 5G infrastructure, with GSMA noting widespread 5G adoption driving demand for high-frequency PCBs. The automotive sector relies on SMT for EV powertrains and ADAS, as seen in Juki’s RS-1R placement systems for automotive electronics. In healthcare, SMT facilitates compact medical devices, with EMS providers like Flex producing wearables using advanced PCB assembly techniques. The SMT services market supports rapid prototyping and testing, critical for innovation in IoT and smart devices.

Several key drivers propel the SMT market growth. First, the demand for miniaturized electronics drives the PCB assembly market, as SMT enables high-density component placement for compact devices. Second, the rise of Industry 4.0 and AI integration in the SMT equipment market enhances precision and automation, as seen in Mycronic’s MY300 systems. Third, government initiatives, like the US CHIPS Act, boost domestic EMS and SMT adoption. Finally, the expansion of 5G and EV markets fuels demand for advanced SMT services and equipment.

The market faces challenges, including high costs in the SMT equipment market, with advanced placement systems requiring significant investment. Supply chain disruptions and semiconductor geopolitical risks also impact component availability, affecting PCB assembly. Additionally, the complexity of SMT services for high-density PCBs increases defect risks, requiring costly inspection systems.

The SMT Market, encompassing the SMT equipment market, SMT services market, PCB assembly market, and EMS, is a dynamic force in electronics manufacturing. Driven by miniaturization, automation, and global connectivity trends, SMT supports cutting-edge applications in consumer electronics, automotive, and telecommunications. Despite challenges like high costs and supply chain complexities, the market’s growth trajectory remains strong, fueled by technological advancements and regional investments. As SMT continues to evolve, it will remain integral to the future of compact, high-performance electronics.

Surface Mount Technology Market Trends

The growing electronics industry and flexible PCB equipment usage are key factors driving the surface mount technology market growth. Miniaturization and defect reduction are boosting equipment demand, though high SMT costs are restraining growth.

The SMT market is evolving rapidly, driven by advancements in Industry 4.0 SMT and AI in SMT, which enhance precision and efficiency in electronics manufacturing. Pick-and-place machines, such as Fuji Corporation’s NXTR series, leverage AI in SMT to optimize component placement for fine-pitch components and high-density interconnect (HDI) PCBs, critical for compact devices like 5G smartphones and wearables. Automated optical inspection (AOI) systems, like Nordson’s YESTECH series, use machine vision to detect defects in HDI PCBs, ensuring quality in high-volume production. Reflow soldering techniques are advancing with precise thermal profiling, as seen in Heller Industries’ Mark 7 ovens, supporting fine-pitch components and reducing thermal stress. The rise of flexible electronics, used in foldable displays and medical wearables, demands Industry 4.0 SMT solutions for non-rigid substrates, with Yamaha Motor’s YSM20R adapting to flexible PCB assembly. These trends, fueled by AI in SMT and automation, align with global demand for miniaturized, high-performance electronics, positioning the SMT market for sustained growth.

Surface Mount Technology Market Drivers

• Growth in Automotive Electronics, SMT, and Wearable Technology Electronics

  The Surface Mount Technology (SMT) Market is propelled by surging demand for automotive electronics SMT and wearable technology electronics, driven by the need for compact, high-performance components. In automotive, SMT supports ADAS and EV battery management systems, requiring fine-pitch components and high-density interconnect (HDI) PCBs. Yamaha Motor’s YSM20R pick-and-place machines enable precise assembly for automotive electronics, ensuring reliability in harsh environments. Wearable technology electronics, such as smartwatches and fitness trackers, rely on SMT for miniaturized PCBs, with Apple’s Watch Series 10 utilizing compact SMT assemblies. The integration of smart factory SMT technologies, including automated optical inspection (AOI), enhances production efficiency for these applications. As EVs and wearables grow, SMT remains critical for delivering robust, space-efficient solutions, boosting the PCB assembly market across these sectors.

• Expansion of 5G Infrastructure, SMT, and IoT Device Manufacturing

  The rapid deployment of 5G infrastructure, SMT, and IoT device manufacturing significantly drives the SMT Market. 5G infrastructure SMT requires high-frequency PCBs for base stations and antennas, with SMT enabling precise placement of fine-pitch components. GSMA reports that global 5G adoption is accelerating, necessitating SMT for compact, reliable telecommunications hardware. IoT device manufacturing, encompassing smart home devices and industrial sensors, relies on SMT for high-density, low-power PCBs. Fuji Corporation’s NXTR systems support IoT applications with flexible, high-speed placement. Smart factory SMT technologies, such as AI in SMT and reflow soldering, ensure scalability and quality, aligning with Industry 4.0 trends. These advancements enable electronics manufacturing services (EMS) to meet growing demand for connected devices, reinforcing SMT’s role in telecommunications and IoT ecosystems.

• Rise of Smart Factory SMT and Automation

  The adoption of smart factory SMT and automation is a key driver for the SMT Market, enhancing efficiency and precision in electronics manufacturing. Industry 4.0 SMT integrates AI in SMT, automated optical inspection (AOI), and pick-and-place machines to streamline PCB assembly. Mycronic’s MY300 systems use AI to optimize component placement, reducing defects in IoT device manufacturing and wearable technology electronics. Reflow soldering advancements, such as Heller Industries’ Mark 7 ovens, ensure precise thermal control for fine-pitch components. Government initiatives, like the US CHIPS Act, support automation investments, boosting SMT equipment market growth. Smart factory SMT enables EMS to meet rising demand for 5G infrastructure SMT and automotive electronics SMT, driving scalability and quality in high-volume production.

Surface Mount Technology Market Restraints

• High Equipment Costs

  High equipment costs pose a significant restraint for the SMT Market, particularly in the SMT equipment market. Advanced pick-and-place machines, automated optical inspection (AOI) systems, and reflow soldering ovens require substantial investment, limiting adoption by small and medium-sized enterprises. For example, ASMPT’s high-speed placement systems, critical for 5G infrastructure SMT and IoT device manufacturing, are costly, impacting affordability in emerging markets ASMPT, 2025. The integration of AI in SMT and smart factory SMT technologies further increases expenses due to sophisticated software and hardware requirements. These costs create barriers for smaller EMS providers, slowing market expansion despite long-term efficiency gains. The US CHIPS Act mitigates this for some, but high capital requirements remain a challenge for widespread SMT adoption.

• Supply Chain Disruptions

  Supply chain disruptions, exacerbated by semiconductor geopolitical risks, significantly restrain the SMT Market. The PCB assembly market relies on a steady supply of components like fine-pitch components and high-density interconnect (HDI) PCBs, but shortages of semiconductors and raw materials disrupt production. U.S.-China trade tensions and export controls limit component availability, impacting EMS. These disruptions affect 5G infrastructure, SMT, and automotive electronics, where timely delivery is critical. Additionally, the complexity of smart factory SMT systems, including automated optical inspection (AOI) and reflow soldering, requires specialized components, increasing dependency on global suppliers. This restraint challenges the flow meter industry outlook and slows growth in SMT services market, necessitating diversified supply chains to ensure stability.

Surface Mount Technology Market Segmentation Analysis

• The demand for Placement Equipment is rising rapidly

  Placement Equipment dominates the SMT equipment market due to its critical role in the SMT Market, enabling high-speed, precise component mounting on printed circuit boards (PCBs). These machines, such as Fuji Corporation’s NXTR series and Yamaha Motor’s YSM20R, utilize AI in SMT to optimize placement of fine-pitch components for HDI PCBs, supporting applications in 5G infrastructure SMT and automotive electronics SMT. Placement Equipment drives efficiency in smart factory SMT, with advanced vision systems ensuring accuracy for IoT device manufacturing and wearable technology electronics. Their ability to handle diverse component sizes and flexible substrates, as seen in Mycronic’s MY300 systems, supports Industry 4.0 SMT by integrating with automated optical inspection (AOI) for real-time quality control. The segment’s leadership is fueled by demand for high-volume, high-precision PCB assembly, particularly in consumer electronics and automotive sectors, making Placement Equipment a cornerstone of EMS.

• By Services, the Manufacturing sector is expected to grow significantly

  The Manufacturing segment leads the SMT services market, as it encompasses the core production processes of PCB assembly, including component placement, reflow soldering, and quality assurance. This segment is vital for EMS, delivering high-volume PCB production for industries like telecommunication and consumer electronics. Companies like Flex and Jabil leverage Manufacturing services to produce compact PCBs for smartphones and medical devices, integrating smart factory SMT technologies for efficiency. AI in SMT enhances Manufacturing by optimizing production workflows, as seen in ASMPT’s SIPLACE systems, which support 5G infrastructure SMT. The segment’s dominance is driven by outsourcing trends, with EMS providers offering scalable solutions for IoT device manufacturing and automotive electronics SMT. Government initiatives like the US CHIPS Act further boost Manufacturing by supporting domestic PCB production. Manufacturing remains central to delivering reliable, high-quality electronics.

• The Consumer Electronics industry is gaining a large market share

  Consumer Electronics dominates the SMT Market due to the massive demand for compact, high-performance devices like smartphones, wearables, and wearable technology electronics. SMT enables high-density interconnect (HDI) PCBs, critical for devices such as Apple’s iPhone 16, which relies on fine-pitch components for slim designs. Smart factory SMT technologies, including Placement Equipment and automated optical inspection (AOI), ensure precision in high-volume production, as seen in Panasonic’s NPM-WX systems. The segment benefits from IoT device manufacturing, with SMT supporting connected devices like smart speakers. AI in SMT and reflow soldering optimizes assembly for Consumer Electronics, meeting consumer demand for smaller, faster devices. The US CHIPS Act and similar initiatives drive domestic production, enhancing PCB assembly capabilities. Consumer Electronics leads due to its scale and innovation-driven requirements.

Surface Mount Technology Market Key Developments

• In early 2025, new high-speed, high-precision pick-and-place machines were introduced to the market. These machines are designed to handle the increasing miniaturization of components, including sub-0.4 mm pitch BGAs and 01005 passive devices. The new models feature faster component placement speeds and advanced vision systems to ensure precise alignment, which is critical for today's high-density printed circuit boards (PCBs).
• Advanced 3D Solder Paste Inspection (SPI) and Automated Optical Inspection (AOI) Systems: In late 2024, new inspection systems were launched that offer improved 3D imaging and analysis capabilities. These systems provide more accurate defect detection for solder paste and component placement, which is crucial for complex, multi-layer PCBs used in 5G and IoT applications. The new inspection equipment also features faster scanning times, allowing for higher throughput in production lines.

Surface Mount Technology Market Segmentations:

Surface Mount Technology Market Segmentation by equipment:

• Screen Print Equipment
• Soldering Equipment
• Inspection Equipment
• Placement Equipment
• Cleaning Equipment
• Repair & Rework Equipment

Surface Mount Technology Market Segmentation by service:

• Design
• Manufacturing
• Supply Chain Services
• Test & Prototype
• Aftermarket Services

Surface Mount Technology Market Segmentation by industry vertical:

• Telecommunication
• Consumer Electronics
• Automotive
• Healthcare
• Others

Surface Mount Technology Market Segmentation by regions:

• Americas (US)
• Europe, the Middle East, and Africa (Germany, the Netherlands, and Others)
• Asia Pacific (China, Japan, Taiwan, South Korea, and Others)

1. EXECUTIVE SUMMARY

2. MARKET SNAPSHOT

2.1. Market Overview

2.2. Market Definition

2.3. Scope of the Study

2.4. Market Segmentation

3. BUSINESS LANDSCAPE

3.1. Market Drivers

3.2. Market Restraints

3.3. Market Opportunities

3.4. Porter’s Five Forces Analysis

3.5. Industry Value Chain Analysis

3.6. Policies and Regulations

3.7. Strategic Recommendations

4. SURFACE MOUNT TECHNOLOGY MARKET BY EQUIPMENT

4.1. Introduction

4.2. Screen Print Equipment

4.3. Soldering Equipment

4.4. Inspection Equipment

4.5. Placement Equipment

4.6. Cleaning Equipment

4.7. Repair & Rework Equipment

5. SURFACE MOUNT TECHNOLOGY MARKET BY INDUSTRY VERTICAL

5.1. Introduction

5.2. Telecommunication

5.3. Consumer Electronics

5.4. Automotive

5.5. Healthcare

5.6. Others

6. SURFACE MOUNT TECHNOLOGY MARKET BY SERVICE

6.1. Introduction

6.2. Design

6.3. Manufacturing

6.4. Supply Chain Services

6.5. Test & Prototype

6.6. Aftermarket Services

7. SURFACE MOUNT TECHNOLOGY MARKET BY GEOGRAPHY

7.1. Introduction

7.2. Americas

7.2.1. USA

7.3. Europe, the Middle East, and Africa

7.3.1. Germany

7.3.2. Netherlands

7.3.3. Others

7.4. Asia Pacific

7.4.1. China

7.4.2. Japan

7.4.3. Taiwan

7.4.4. South Korea

7.4.5. Others

8. COMPETITIVE ENVIRONMENT AND ANALYSIS

8.1. Major Players and Strategy Analysis

8.2. Market Share Analysis

8.3. Mergers, Acquisitions, Agreements, and Collaborations

8.4. Competitive Dashboard

9. COMPANY PROFILES

9.1. Fuji Corporation

9.2. Yamaha Motor Co., Ltd.

9.3. Mycronic AB

9.4. ASMPT Limited

9.5. Panasonic Corporation

9.6. Juki Corporation

9.7. Nordson Corporation

9.8. KLA Corporation

9.9. Koh Young Technology Inc.

9.10. Heller Industries, Inc.

Fuji Corporation

Yamaha Motor Co., Ltd.

Mycronic AB

ASMPT Limited

Panasonic Corporation

Juki Corporation

Nordson Corporation

KLA Corporation

Koh Young Technology Inc.

Heller Industries, Inc.

Sorry, the research methodology content could not be loaded.