Market Overview

According to fortune business insights, the global surface mount technology market size was valued at USD 6.89 billion in 2025. The market is projected to grow from USD 7.50 billion in 2026 to USD 14.91 billion by 2034, exhibiting a CAGR of 8.96% during the forecast period. North America dominated the surface mount technology market with a market share of 35% in 2025.

Fortune Business Insights™ has deep-dived into these insights in its latest research report, titled “Surface Mount Technology Market, 2026-2034.”

The analysis shows that the Surface Mount Technology Market is a critical segment within the electronics manufacturing ecosystem, enabling efficient assembly of electronic components onto printed circuit boards. The growing demand for compact consumer electronics, automotive electronics, and industrial automation systems is accelerating Surface Mount Technology Market Growth. This trend indicates a strong demand for SMT worldwide.

Major Players Profiled in the Market Report:

• Fuji Corporation (Japan)
• Mycronic AB (Sweden)
• Nordson Corporation (U.S.)
• Viscom AG (Germany)
• KLA Corporation (U.S.)
• Juki Corporation (Japan)
• Hitachi High-Technologies Corporation (Japan)
• ASM Assembly Systems (Germany)
• Yamaha Motor (Japan)
• Saki Corporation (Japan)

Source: [Placeholder for report source link]

Segments

Dominance of Active Components to Propel Segment Growth

Based on component, the market is divided into active components, passive components, and electrochemical components. The active components segment holds the largest market share and dominates the market owing to their essential role in controlling electrical signals within electronic circuits in devices such as smartphones, automotive electronics, and IoT devices.

High Demand for Precision to Drive Placement Equipment Segment Expansion