Surface Mount Technology Equipment Market is a new market research publication announced by Reportstack. The surface mount technology equipment market is likely to grow during the forecast period of 2017-2025 with industrial and automotive being the major segment for growth. This technology is a specific method that is used for the production of electronic circuits where components are mounted directly on the surface of printed circuit boards or PCBs.
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Devices used for applications of these systems has extremely small components that usually contain shorter pins in different styles along with flat contacts or terminations in the body of components. This global market has been segmented on the basis of equipment type, application, and geography. This equipment has growing applications in the integrated circuit manufacturing industry. Along with this, the rise in demand for small gadgets and growth of semiconductor manufacturing industry has been some other factors that have contributed to the growth of this market globally.
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