Surface Mounting Device (SMD) Market Revenue was valued at USD 12.34 Billion in 2024 and is estimated to reach USD 20.56 Billion by 2033, growing at a CAGR of 7.25% from 2026 to 2033.
The Surface Mounting Device (SMD) market was valued at approximately USD 3.85 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 5.1% from 2023 to 2030. The market growth is primarily driven by increasing demand for compact electronic devices, automotive applications, and consumer electronics, along with the advancements in technology for efficient circuit board designs. The SMD market is experiencing notable traction due to its ability to enhance performance while reducing the size of components, making it essential for industries requiring miniaturization of devices, such as smartphones and wearables.
Regionally, the Asia Pacific (APAC) region dominates the Surface Mounting Device (SMD) market, contributing more than 45% of the global market share in 2022. The rapid industrialization, the expansion of consumer electronics, and increasing investments in automotive and industrial sectors in countries like China, Japan, and South Korea are driving the demand for SMDs in this region. North America and Europe follow closely in market share, with steady growth attributed to strong demand for SMDs in automotive electronics, medical devices, and industrial automation. The Middle East and Africa, along with Latin America, are emerging as key regions offering new growth opportunities due to expanding electronics manufacturing sectors and increasing adoption of automated technologies in various industries.
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Eurocircuits
Maxim Integrated
STMicroelectronics
ROYAL OHM
Borison Automation Limited
ULIKE
Littelfuse
Fujikura
Mini Circuits
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Surface Mounting Device (SMD) Market
Resistor
Capacitor
Inductor
Diode
Transistor
LED
Consumer Electronics
Automotive
Telecommunications
Industrial
Healthcare
Aerospace and Defense
Electronics
Energy
Medical
Automotive
Telecommunication
Reel Packaging
Tray Packaging
Tube Packaging
Single-Sided Mounting
Double-Sided Mounting
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Surface Mounting Device (SMD) Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Surface Mounting Device (SMD) Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Surface Mounting Device (SMD) Market, By Type
6. Global Surface Mounting Device (SMD) Market, By Application
7. Global Surface Mounting Device (SMD) Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Surface Mounting Device (SMD) Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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