In a recent published report, Kenneth Research has updated the market report for Surface Mount Technology (SMT) Tape Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Surface Mount Technology (SMT) Tape Market products.
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The Surface Mount Technology (SMT) Tape market is estimated to represent a global market of USD 86.6 million by 2017 with growth rate of 7.6%
Tapes are used for packaging surface mount devices (SMDs) by loading them into the individual embossed pockets. The devices are sealed in the embossed carrier tape with cover tape, either by pressure or heat. Embossed carrier tape is wound around the reel for convenient handling and transportation. The global SMT tape market is majorly driven by the rising manufacturing activities in consumer electronics, automotive, healthcare and industrial automation sectors. In addition, rising automation in manufacturing process has also added to the demand for the SMT carrier tape.
This report presents the global market size (revenue) of key companies in Surface Mount Technology (SMT) Tape business. This report presents a comprehensive industry overview, market shares, and growth opportunities of Surface Mount Technology (SMT) Tape market by type, application, key regions and countries and key manufacturers.
The prime objective of this report is to help the user understand the market in terms of Surface Mount Technology (SMT) Tape definition, segmentation, influential trends, market potential, and the challenges that the market is facing. Deep researches and analysis were done during the preparation of the report.
The readers will find this report very helpful in understanding the market in depth. Additionally, this report discusses risks faced by key manufacturers and the market as a whole. It also analyses key emerging trends and their impact on present and future industry development.
Plastic SMT tape accounted for significant revenue share. Plastic carrier tapes are produced primarily from polymers including polycarbonate and polystyrene. Whereas, paper carrier tape is least expensive and offers basic protection for the electronic components. Moreover, polystyrene is more expensive than paper but it provides a superior protection as compared to the later.
Market Segment by Regions, regional analysis covers
North America (U.S. and Canada)
Europe (France and Germany)
Asia Pacific (India and China)
Middle East and Africa
Asia Pacific accounted for significant revenue share of the global market. Growing manufacturing of electronic equipment and vehicles in the region is fuelling the demand for SMT tapes. Furthermore, growth in the telecommunication segment and adoption of internet services in China, India, Vietnam and other Asian nations is anticipated to result in boosting demand for electronic devices and SMT carrier tapes.
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Key Vendor Takeaway
The research report presents the market competition landscape and a corresponding detailed analysis of the major vendors/manufacturers in the market. Market Segment by Manufacturers, this report covers
C-Pak Pte Limited
E&R Engineering Corporation
Erich Rothe Gmbh & Co.
Carrier Tech Precision Company
This fragmented industry comprises of large number of small scale as well as large scale key players. Most of the tape manufacturers have established their manufacturing facilities in China, Taiwan, Singapore, South Korea and Philippines in vicinity of electronic component manufacturers to maintain steady supply.
The market size and forecast for each segment and sub-segments has been considered as below:
Historical Year – 2014 & 2016
Base Year – 2017
Estimated Year – 2018
Projected Year – 2025
Traders, Distributors, and Suppliers
Government and Regional Agencies
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
MARKET, BY TYPE
Plastic SMT Tape
Paper SMT Tape
MARKET, BY APPLICATION
MARKET, BY REGION
Rest of Europe
Rest of APAC
Rest of the World
Middle East and Africa
About Kenneth Research
Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation
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