The Middle East & Africa SMT equipment market was valued at US$ 355.38 million in 2023 and is projected to reach US$ 471.60 million by 2031; it is estimated to record a CAGR of 3.6% from 2023 to 2031.
Evolution of 3D Packaging and Through Silicon Via (TSV) Technologies Bolsters Middle East & Africa SMT Equipment Market
Future electronic device development is expected to be strongly influenced by through-silicon-via technology, a type of vertical interconnect access (VIA) connection used in IC packaging to provide vertical electrical connections between silicon wafers or dies. TSV technology establishes electrical contact with surface-mounted devices while mirrored sidewalls enhance package reflectivity and improve light efficiency.
Due to the growing need for small and compact electronic devices, semiconductor firms are focusing on developing three-dimensional (3D) SIP technology to create 3D ICs. TSV is the core technology underpinning these 3D integrated circuits. To solve the problems of miniaturization and performance, the industry is looking at novel 3D packaging options. Through Silicon Via (TSV) technology allows vertical stacking of several dies or chips, resulting in high-density 3D integrated circuits (3D ICs). This method not only decreases the total package footprint but also shortens interconnect lengths and increases signal integrity and performance. The evolution of 3D packaging and TSV is expected to be a trend in the Middle East & Africa SMT equipment market.
Middle East & Africa SMT Equipment Market Overview
The Middle East & Africa SMT equipment market is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. The governments across the region are attracting various world-class experts in semiconductor manufacturing. For example, in June 2024, Saudi Arabia established a National Semiconductor Hub to entice chip manufacturers to the nation. The new program, backed by a deep tech venture capital fund worth more than US$ 266 million, intends to bring at least 50 semiconductor design companies to the kingdom by 2030. The hub will attract over 25 world-class professionals in the industry through a premium residency program and plans to train over 5,000 engineers in semiconductor design by 2030. The development in the semiconductor industry creates the need for SMT equipment.
South Africa is committed to creating a competitive environment for the electronics industry. Government support is focused on programs that promote and support domestic manufacturing, research and development (R&D), and the development of safety standards to support the electrical and electronics manufacturing sector. For example, in October 2023, South Africa established the Microelectronics and Nanotechnology Centre at the Council for Scientific and Industrial Research (CSIR), a research and development (R&D) facility focusing on semiconductor and chip production, in Pretoria.
Middle East & Africa SMT Equipment Market Revenue and Forecast to 2031 (US$ Million)
Middle East & Africa SMT Equipment Market Segmentation
The Middle East & Africa SMT equipment market is categorized into component, equipment type, end user, and country.
Based on component, the Middle East & Africa SMT equipment market is bifurcated into passive component and active component. The active component segment held a larger market share in 2023.
In terms of equipment type, the Middle East & Africa SMT equipment market is categorized into inspection equipment, placement equipment, soldering equipment, screen printing equipment, cleaning equipment, and others. The placement equipment segment held the largest market share in 2023.
By end user, the Middle East & Africa SMT equipment market is segmented into consumer electronics, telecommunication, aerospace and defense, automotive, industrial, and others. The consumer electronics segment held the largest market share in 2023.
By country, the Middle East & Africa SMT equipment market is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. The UAE dominated the Middle East & Africa SMT equipment market share in 2023.
FUJI CORPORATION; Hitachi High-Tech Corp; JUKI CORPORATION; KLA Corp; Mycronic; Nordson Corp; SAKI CORPORATION; Viscom AG; and Yamaha Motor Co., Ltd, are some of the leading companies operating in the Middle East & Africa SMT equipment market.
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ 355.38 Million |
| Market Size by 2031 | US$ 471.60 Million |
| CAGR (2023 - 2031) | 3.6% |
| Historical Data | 2021-2022 |
| Forecast period | 2024-2031 |
| Segments Covered |
By Component
|
| Regions and Countries Covered |
Middle East and Africa
|
| Market leaders and key company profiles |
|
The Middle East & Africa SMT Equipment Market is valued at US$ 355.38 Million in 2023, it is projected to reach US$ 471.60 Million by 2031.
As per our report Middle East & Africa SMT Equipment Market, the market size is valued at US$ 355.38 Million in 2023, projecting it to reach US$ 471.60 Million by 2031. This translates to a CAGR of approximately 3.6% during the forecast period.
The Middle East & Africa SMT Equipment Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Middle East & Africa SMT Equipment Market report:
The Middle East & Africa SMT Equipment Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Middle East & Africa SMT Equipment Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Middle East & Africa SMT Equipment Market value chain can benefit from the information contained in a comprehensive market report.
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