SMT global market to exceed $6.5 bn by 2017

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As per reports from Global Industry Analysts, Inc, the global market for surface mount technology (SMT) equipment is likely to exceed US$ 6.5 billion by 2017. With the global economy rebounding from the financial crisis in 2010, the SMT equipment market has also bounced back. With the increased confidence of investors, OEMs and other electronics assemblers are lining up plans for new capital equipment, capacity expansion and technological upgradation, suggesting promising opportunities for the growth of the SMT sector.

Availability of low cost infrastructure, technical expertise and manpower in countries such as India and China, coupled with high economic growth, is luring electronics manufacturers and original design manufacturing businesses to set up shop in the region, which, in turn, is enhancing the demand for SMT equipment.

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