Top SMT players in India

Although Frost & Sullivan’s report estimates Indian SMT market to be around Rs 44.15 billion in 2012, with telecom and automotive being two major sectors driving demand for SMT equipment, the year 2011 was not as exciting for the Indian SMT industry, as was expected. The volatility in the financial markets, the European crisis, the still recovering economy of the US, the weakening rupee, high domestic interest rates, and the strengthening Japanese Yen added to the woes of the domestic electronics manufacturing sector. And, in turn, these economic problems had a profound impact on the SMT equipment market as well. As the fate of the SMT equipment market is closely intertwined with the electronics manufacturing industry, it directly influenced the sale of SMT equipment, narrowing down its growth rate. However, if the draft National Manufacturing Policy is implemented, the SMT industry hopes that 2012 will see some investments coming through in lighting, metering, and automobile industry, and hopefully, in mobile manufacturing as well. This, in turn, may bring some growth to the SMT equipment market. In this issue, Electronics Bazaar attempted to list out the top SMT players in India. In the process, we were faced with a number of difficulties. The editorial team could not procure revenue of majority of the SMT companies from any of the sources. Also, most of the companies in this segment being MNCs, could not share their India revenue with us. Hence, we had no option but to just list out the SMT companies in alphabetical order. While this survey is by no means comprehensive, it does provide a glimpse into many of India’s key SMT players in the market.

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