The global Surface Mount Technology (SMT) industry is undergoing a significant transformation, driven by advancements in precision manufacturing, artificial intelligence, and industrial automation. As the demand for high-efficiency production and smart solutions grows, SMT equipment is evolving rapidly to meet new technological standards.

Steady Market Growth Backed by Technology Upgrades

According to the latest 2025 SMT Market Development Trends Report by EMS research firm TechNavio, the global SMT market surpassed USD 8.3 billion in 2024. The report predicts a compound annual growth rate (CAGR) of 6.7% through 2028, with the Asia-Pacific region continuing to lead global expansion.

Chinese SMT Firms Accelerate Global Expansion

Facing a saturated domestic market, Chinese SMT equipment manufacturers—primarily from Shenzhen, Dongguan, and Suzhou—are increasingly exploring international opportunities. Through continuous innovation and localized services, these companies are gaining footholds in Europe, Southeast Asia, and the Americas. Chinese brands, particularly in pick-and-place machines, reflow ovens, and screen printers, have established solid reputations in the mid to low-end market, while some players are now challenging global giants in the high-end sector.

Data from the Shenzhen Electronics Equipment Industry Association shows that China's SMT equipment exports grew by 21.3% in 2024 year-over-year, with Central and Eastern Europe and Latin America emerging as the fastest-growing regions.

Smart Manufacturing: The New Battleground

With initiatives such as “Industry 4.0” and “Made in China 2025,” smart manufacturing has become a critical area of investment. Modern SMT equipment now integrates AI vision systems, MES (Manufacturing Execution Systems), and predictive maintenance solutions to optimize yield, accuracy, and production flexibility.

An executive at a leading SMT equipment company noted:

“Today’s customers look for more than speed and precision—they need smart systems that integrate seamlessly with ERP and MES platforms, analyze data in real time, and enable remote monitoring and proactive maintenance.”

Opportunities and Challenges Ahead

Despite its promising future, the SMT industry faces hurdles, including rising component prices, global trade uncertainties, and IP disputes. The high-end SMT market is still dominated by established players from Japan, South Korea, and Germany. However, with ongoing government support and growing R&D capabilities, Chinese manufacturers are well-positioned to compete on the global stage.