Global Surface Mount Technology (SMT) Placement Equipment Market
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Transcript of Global Surface Mount Technology (SMT) Placement Equipment Market
Global Surface Mount Technology (SMT) Placement Equipment Market( ) q p
N988-28
August 2011
Disclaimer
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© 2011 Frost & Sullivan. All rights reserved. This document contains highly confidential information and is the sole property of Frost & Sullivan. No part of it may be circulated, quoted, copied or otherwise reproduced without the written approval of Frost & Sullivan.
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Table of Contents
Research Methodology 18
Market Segments 19
Definitions 20-21
M k t O i 22Market Overview 22
Overview 23
Market Engineering Measurement Analysis 24
Competitive Factors 25-26
Evolution of SMT Placement Equipment Market 27
New Growth Opportunities 28
Evolution in Manufacturing Process 29
Evolving Customer Needs 30
SMT Placement Equipment Market 31
Impact Mapping of Key Industry Challenges 32
Industry Challenges 33-38
Market Drivers 39-52
Market Restraints 53-56
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Revenue Forecast 57
Table of Contents
Unit Shipments Forecast 58
Used Equipment Market 59-60
Impact of Top Vertical Markets—Demand Analysis 61
Vertical Market Analysis 62-63
Percentage of Revenue by Geographic Region 64
Americas 65-66
Western Europe 67-68
Central and Eastern Europe 69-70
China 71-72
Rest of Asia 73-74
Rest of World 75-76
Pricing Trends 77-78g
Distribution Analysis 79
Competitive Structure 80
Market Share Analysis 81-82
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Market Share Analysis 81 82
Market Ranking Analysis—by Geography 83
Table of Contents (Contd….)
Growth Excellence Matrix 84
Low Speed Placement Equipment Market 85
Market Engineering Measurement Analysis 86
Revenue Forecast Analysis 87
Unit Shipments Forecast Analysis 88
Revenue Forecast by Geography 89
Americas 90-91
Western Europe 92-93
Central and Eastern Europe 94-95p
China 96-97
Rest-of-Asia 98-99
Rest-of-World 100-101 Rest of World 100 101
Market Share Analysis 102
Medium Speed Placement Equipment Market 103
Market Engineering Measurement Analysis 104
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Market Engineering Measurement Analysis 104
Revenue Forecast Analysis 105
Table of Contents (Contd….)
Unit Shipments Forecast Analysis 106
Revenue Forecast by Geography 107
Americas 108-109
Western Europe 110-111
Central and Eastern Europe 112-113
China 114-115
Rest-of-Asia 116-117
Rest-of-World 118-119
Market Share Analysis 120y
High Speed Placement Equipment Market 121
Market Engineering Measurement Analysis 122
Revenue Forecast Analysis 123 Revenue Forecast Analysis 123
Unit Shipments Forecast Analysis 124
Revenue Forecast by Geography 125
Americas 126 127
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Americas 126-127
Western Europe 128-129
Table of Contents (Contd….)
Central and Eastern Europe 130-131
China 132-133
Rest-of-Asia 134-135
Rest-of-World 136-137
Market Share Analysis 138
Future Outlook 139
Conclusion 140
DSD Tables 141
Semiconductor Market and Semiconductor Equipment Market 142q p
Printed Circuit Board Sales 143
Electronic Components Contribution to Electronics Industry 144-145
Medical and Industrial Equipment Contribution to Electronics Industry 146-147 Medical and Industrial Equipment Contribution to Electronics Industry 146-147
Telecommunications Contribution to Electronics Industry 148-149
Consumer Electronics Contribution to Electronics Industry 150-151
About Frost & Sullivan 152 156
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About Frost & Sullivan 152-156
Research Methodology
Study Period: 2007-2017
Base Year: 2010
Forecast Period: 2011-2017
Research Methodology
o Primary researchy
o Frost & Sullivan published research services
o Decision Support Databases
P i t d t bo Proprietary databases
o Secondary research
o Company presentations
o Webcasts
o Annual reports
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Market SegmentsSurface Mount Technology (SMT) Placement Equipment Market: Market Segments (Global), 2010
Segmentation Based on Geographic Regions
Segmentation Based on Geographic Regions
Vertical Market SegmentationVertical Market Segmentation
Global Surface Mount Technology (SMT)
Placement Equipment
Geographic Regions
• Americas• Western Europe• Central and Eastern Europe
Geographic Regions
• Americas• Western Europe• Central and Eastern Europe
• Consumer Electronics• Telecommunication• Computing and Storage• Automotive
• Consumer Electronics• Telecommunication• Computing and Storage• AutomotivePlacement Equipment
Market• Central and Eastern Europe• China• Rest of Asia• Rest of World
• Central and Eastern Europe• China• Rest of Asia• Rest of World
• Automotive• Others (Medical, Aerospace
and Defense (A&D), Industrial, and Renewable Energy)
• Automotive• Others (Medical, Aerospace
and Defense (A&D), Industrial, and Renewable Energy)
Product SegmentationProduct Segmentation
Medium-Speed Placement Equipment
Medium-Speed Placement Equipment
High-Speed Placement Equipment
High-Speed Placement Equipment
Low-Speed Placement Equipment
Low-Speed Placement Equipment
Product SegmentationProduct Segmentation
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Source: Frost & Sullivan analysis.
Overview• The SMT placement market is rebounding from the recent economic downturn. The market is now trending as it was prior to
the economic downturn in 2009. The market earned a revenue of $3,550.5 million in 2010. The compound annual growth rate (CAGR) is expected to be 8.8 percent during the forecast period and generate $6.395.6 million by 2017.
• The increasing global manufacturing capacity available funds to purchase equipment and new product enhancements and• The increasing global manufacturing capacity, available funds to purchase equipment, and new product enhancements and features are key drivers for this growth. The other drivers for increased demand are flexibility, speed, and improved accuracy of placing components.
• The market is also returning to pre-2008 capacity utilization levels, when the capacity rates were 90 percent to 95 percent for several companies Depending on utilization and maintenance levels customers are achieving a positive return onseveral companies. Depending on utilization and maintenance levels, customers are achieving a positive return on investment (ROI) within one to two years, thus increasing demand for SMT placement equipment.
• The SMT placement equipment market is benefiting from an increased focus on product innovation and component miniaturization for smart phones and tablets. Equipment manufacturers are strengthening their product portfolios with strong
l dd d ff i d ft l ti t l ll i d tvalue-added offerings and software solutions to place smaller sized components.
• Customers are stringent with their service requirements. Maximizing output with minimum equipment cost and reduced machine downtime has become the norm in the industry. The need for immediate service response, diagnostics, and availability of parts will continue to play a crucial role in determining the competitive advantage for companies that participate in the SMT placement equipment market.
• The SMT placement equipment market is expected to remain competitive. While price sensitivity should heighten, the demand for high-end equipment and technology innovation is anticipated to offset the impact of price pressures to a small degree.
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• Strategic alliances and mergers and acquisitions will be on the rise as equipment manufacturers compete. Equipment manufacturers will broaden their product portfolios to elevate their market presence.
Competitive FactorsSMT Placement Equipment Market: Competitive Factors (Global), 2010
Long-term Commitment
Flexibility
Price
Competitive Factors
Accuracy and Throughput
Brand Image and Customer Loyalty Factors ThroughputCustomer Loyalty
Product InnovationService Integration Capability
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Source: Frost & Sullivan analysis.
Competitive Factors (continued)
High-Speed Placement Equipment
Low-Speed Placement Equipment
Medium-Speed Placement Equipment
Total Points =
15.0
SMT Placement Equipment Market: Dashboard Summary of Key Competitive Factors (Global), 2010
EquipmentEquipment Equipment
Flexibility Low High Low High Low High 12.5
Price Low High1 52 3 4
Low High
1 52 3 4
Low High
1 52 3 4
13.0
I t ti
Flexibility g1 52 3 4
o g1 52 3 4
g1 52 3 4
12.5
Product Innovation Low High
1 52 3 4Low High
1 52 3 4Low High
1 52 3 412.5
Integration Capability
Low High1 52 3 4
Low High1 52 3 4
Low High1 52 3 4
12.0
Long-term Commitment
Low High1 52 3 4
Low High1 52 3 4
Low High1 52 3 4
10.0
Brand Image and CustomerLoyalty
Low High1 52 3 4
Low High1 52 3 4
Low High1 52 3 4
9.0
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Low HighKey : Source: Frost & Sullivan analysis.
Impact Mapping of Key Industry Challenges
Very Certain
SMT Placement Equipment Market: Mapping of Key Industry Challenges (Global), 2011-2017
I i titi i l
Decreasing component sizesHigh-performance metrics
Unimportant Critical
Increasing competitive rivalry
Strong customer loyalty
Integration issues
Very Uncertain
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Source: Frost & Sullivan analysis.
Market Drivers
1-2yrs 3-4yrs 5-7yrs
ImpactDriver
SMT Placement Equipment Market: Market Drivers (World), 2011-2017
1-2yrs 3-4yrs 5-7yrs
Demand for smartphones and tablets spurring sales
Ease of manufacturing flexibility
Proliferation of smaller components
Increasing investments from contract manufacturers
Increasing adoption of hybrid and electric cars
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Impact: Very High High Medium LowImpact: Very High High Medium Low Source: Frost & Sullivan analysis.
Market Drivers
Impact
SMT Placement Equipment Market: Market Drivers (World), 2011-2017
1-2yrs 3-4yrs 5-7yrs
Impact
Driver
Manufacturing expansion in emerging geographies
Improved efficiency and monitoring capacity
Growth of LED market boosting demand
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Impact: Very High High Medium LowImpact: Very High High Medium Low Source: Frost & Sullivan analysis.
Market Restraints
SMT Placement Equipment Market: Market Restraints (World), 2011-2017
1-2yrs 3-4yrs 5-7yrs
ImpactRestraint
Long product lifecycle
High premium price delays adoption
Strong demand for used equipment market
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Source: Frost & Sullivan analysis.Impact: Very High High Medium LowImpact: Very High High Medium Low
New Growth Opportunities
Increased adoption of wireless
products in the connected home
SMT Placement Equipment Market: New Growth Opportunities (Global), 2010-2017
Rising integration of biometrics and
security in consumer devices
connected home
Increasing
consumer devicesIncreasing
demand for OLED displays and
interconnection in medical sector
Growing f f
gconnected devices in vehiclesRising adoption of
LED in lighting, lower power consumption
proliferation of 3-D TVs
p
2010–2013 2014–2017
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Source: Frost & Sullivan analysis.
Revenue Forecast
SMT Placement Equipment Market: Revenue Forecast (World), 2007-2017
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Note: All figures are rounded; the base year is 2010. Source: Frost & Sullivan analysis.
Percentage of Revenue by Geographic Region
SMT Placement Equipment Market: Percentage of Revenue by Geographic Region (World), 2007-2017
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Note: All figures are rounded; the base year is 2010. Source: Frost & Sullivan analysis.Others Includes: medical, A&D, industrial, and renewable energy
Used Equipment Market
SMT Placement Equipment Market: Used Equipment Market (World), 2010
SMT Placement Equipment Market: Used Equipment Market (World), 2017
Used Equipment
Market24.5%
Used Equipment
Market26.5%
New Equipment
75.5%New
Equipment 73.5%
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Note: All figures are rounded; the base year is 2010. Source: Frost & Sullivan analysis.
Market Drivers (continued)w
th
SMT Placement Equipment Market: Key Vertical Market Trends (Global), 2010
Hig
h G
row
> 15
.0%
Mobile PhonesConsumer El t i
Automotive
Mobile Phones and Tablets
Electronics
owth
Rat
e
Gro
wth
0.0%
Automotive
Gro
Low
G<
10
Low High
A&D
Medical
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Potential Potential
Source: Frost & Sullivan analysis.
Market Potential
Impact of Top Vertical Markets—Demand Analysis
High Impact High Growth Impact
SMT Placement Equipment Market: Impact of Top Vertical Markets (World), 2010 and 2017
TelecomCAGR 9.8%
OthersCAGR 9.3%
AutomotiveComputing and Storage
MediumGrowthImpact
ProjectedImpact on SMT
Placement Equipment
Market
CAGR 8.3%
Consumer ElectronicsCAGR 8.0%
CAGR 8.1%
a et
LowGrowthImpact
Low Impact
Ti P i d2010 2017
Impact
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Time Period
Source: Frost & Sullivan analysis.Note: The CAGRs listed above represent growth of the SMT Placement equipment market in specified verticals. Others includes: medical, A&D, industrial, and renewable energy
Future Outlook
• Smartphones, consumer electronics, and automotive markets will be key growth drivers for the SMT placement equipment market in the short-term. SMT placement equipment manufacturers will continue to carve greater penetration within niche markets—such as medical A&D and industrial—
SMT Placement Equipment Market: Future Outlook (World), 2010
continue to carve greater penetration within niche markets such as medical, A&D, and industrialthat can provide them with a greater profit margin.
• Price and functionality will determine future purchasing decisions.
S k t t i t hi ith
Growth Opportunities
Seek strategic partnerships with:• Other SMT equipment manufacturers, including placement, screen printers, etc.• Technology enablers and software vendors
Focus on enhanced ROI for customers:• Cost-effective solutions• Enhanced and flexible placement machines • Increased flexible feeder concept
North America and Western Europe will continue to lead the demand for high-end ,fully-automated, low speed placement equipment. BRIC countries will provide the fastest growth rates, albeit at a lower price point for medi m and high speed placement eq ipment
• Increased placement speed
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price point for medium and high speed placement equipment.
Source: Frost & Sullivan analysis.