The global SMT inspection equipment market is expected to exhibit strong growth, reaching USD 838.9 million by 2028. As per the report titled "SMT Inspection Equipment Market Size, Share & COVID-19 Impact Analysis, By System (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.)), By Dimension (2D and 3D), By Phase (Incoming Inspection, In-Process Inspection and Product Inspection and Rework), By Comfiguration (Inline and Offline), By End User (Integrated Device Manufacturer (IDM), Outsourced Semiconductor Assembly and Test (OSAT), and Foundry) and Regional Forecasts, 2022-2028" observes that the market size in 2021 stood at USD 618.9 million and USD 838.9 million in 2028. The market is expected to exhibit a CAGR of 5.20% during the forecast period.
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Koh Young Technology, Inc. has Made Available their New Meister D+ Semiconductor Inspection System
In October 2021, for chiplets and System-in-Package (SiP) devices, including die and surface mount components, Koh Young Technology, Inc. released their new Meister D+ semiconductor inspection system, Premium True3D Inspection Solution. The new Meister D+ is an addition to the Meister product line, which offers items like solder paste, printed bumps, solder balls, and tiny parts like 0201Ms and highly reflective die.
Increased Use of Electric Vehicles Will Boost the Market
The spread of high-end in-car infotainment systems and the demand for advanced driver assistance systems (ADAS) are some of the main drivers behind integrating electronics in vehicles. An automobile is now more like a computer on wheels than a mechanical device with a few electronics, thanks to the increase in the electronics that go into them. The International Energy Agency projects that 6.6 million electric vehicle sales will be made in 2021, more than tripling their market share from the previous two years. The SMT equipment sector has developed unique machines to create PCBs for electric and driverless vehicles to meet these expectations.
Spread of COVID-19 to Limit Market Growth
Since COVID-19 first came on the international stage in the middle of March 2020, it has altered the nature and maybe the future of the global economy. Some virus victims had to be admitted to the hospital because it was terrible. One percent of these patients passed away as a result. Governments implemented lockdowns and quarantines all around the world because of their concerns. Except for necessary business operations, all company operations came to a virtual halt. The surface mount technology (SMT) inspection equipment market was negatively impacted due to the difficulty in obtaining the raw materials required to produce these goods.
Major Players Develop Acquisition Plans to Boost Brand Image
The leading businesses in the SMT inspection equipment market plan acquisitions to improve their brand recognition globally. For instance, in January 2022, The new V810i S3 AXI system from ViTrox Corporation Berhad was unveiled at the IPC APEX Expo 2022. To deliver improved PCB standards and increase total inspection time by 30%, the new design entailed hardware and system geometry changes. The system has machine Internet of Things (IoT) technologies and integration of artificial intelligence (A.I.) to troubleshoot systems and carry out preventative maintenance procedures in order to reduce production downtime.
Notable Industry Development
November 2021: The creation of the VT-X750-V3 system, a new C.T.-type X-ray inspection tool, was announced by Omron Corporation. To address the expanding demands of electric cars (E.V.s), autonomous driving application goods, and 5G mobile communication systems, the device offers superior 3D inspection of electronic substrates.
List of Key Players Profiled in the Report
PARMI Co., Ltd.
Machine Vision Products (MVP)
GÖPEL electronic GmbH
MIRTEC CO., LTD
AOI Systems Ltd
HIOKI E.E. CORPORATION
Mycronics (atg Luther & Maelzer)
JOINT STARS TECHNOLOGY CO., LTD
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