Top 5 Vendors in the Surface Mount Technology Equipment Market from 2017 to 2021


has announced the top five leading vendors in their recent global
surface mount technology (SMT) equipment
report. This research
report also lists five other prominent vendors that are expected to
impact the market during the forecast period.

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Technavio has published a new report on the global surface mount technology (SMT) equipment market f ...

Technavio has published a new report on the global surface mount technology (SMT) equipment market from 2017-2021. (Graphic: Business Wire)

SMT equipment is required to place components such as resistors and
capacitors onto a base, which is usually a printed circuit board (PCB).
The components placed on the PCB are known as surface mount devices
(SMD). Initially, there were two types of SMT equipment used, which
includes chip shooters and precision placement machines.

Competitive vendor landscape

There is an intense competition that exists in the global SMT equipment
market because there is low product differentiation. Although there are
several regional and local manufacturers, the global SMT equipment
market is consolidated due to the presence of top vendors such as FUJI
MACHINE, JUKI, Mycronic, Nordson, and Panasonic.

“The market is characterized by rapid technological changes, which
further increases the competition amongst vendors. For example, the
increasing demand for consumer goods will require several PCBs to be
integrated into the devices. This will compel EMS firms to purchase
several SMT equipment to meet the increasing demand for electronic
says Raghu Raj Singh, a lead semiconductor
research analyst from Technavio.

Since there is barely any product differentiation, key vendors compete
to gain a higher market share. A major factor that Technavio has
considered is the goodwill that exists between vendors and customers.
Since the equipment is highly expensive, goodwill between vendors and
customers plays an important role.

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Top five SMT equipment market vendors


FUJI MACHINE is a reputed name in the SMT equipment market. The company
is one of the top vendors of SMT equipment, which includes
pick-and-place machines, inspection machines, and several others. The
firm operates in the following business segments: robotic solutions,
machine tools, and others.


JUKI is a prominent electric and electronics manufacturing company that
is a major manufacturer of SMT equipment. The firm is a pioneer of the
modular automated assembly line providing mix line solutions, which
makes it convenient for both high- and low-volume production of PCB


Mycronic is a Swedish hi-tech company catering to the electronics
industry. The firm is a major player for production equipment for the
electronics and display manufacturing industry. The firm is one of the
leading vendors in the manufacture of SMT equipment and has the
following reportable business segments: assembly solutions business area
and pattern generator business area.


Nordson is a major vendor of SMT equipment. The firm develops and
manufactures a full line of equipment for several functions such as PCB
and SMT assembly, 3D and wafer level packaging, semiconductor packaging,
case and packaging assembly, LED assembly, and camera module assembly.


Panasonic is a multinational electronics corporation that operates in
mainly four business areas: Consumer electronics, Housing, Automotive,
and Business to Business (B2B). The firm offers an extensive number of
SMT equipment, the sales of which are reported under the automotive and
industrial systems segment.

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