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Indian Surface Mount Technology Market Report
September 25, 2009 |Estimated reading time: 2 minutes
DUBLIN — Frost & Sullivan’s research service, “Indian Surface Mount Technologies Market,” provides market dynamics and size with forecasts, trends, and competitive analysis. In this research, Frost & Sullivan's analysts examine placement equipment, inspection equipment, soldering equipment, screen printers, glue dispensers, cleaning equipment, and SMT software for various end-use verticals.
Burgeoning OEM and EMS Sectors Fuel SMT Markets in India A major thrust for electronics manufacturing in recent years has paved the way for a remarkable influx of original equipment manufacturers and electronic manufacturing services (EMS) companies in India. Today, most of the major global EMS companies have a presence in the country. The growing demand in manufacturing of electronic products directly influences the sale of surface mount technology (SMT) equipment. The SMT equipment market is witnessing steady growth bolstered by the demand from various end user sectors such as communications, consumer, industrial, automotive, and medical. "Availability of cost-effective and skilled labor has made India a global hub for EMS and OEM companies," explains the analyst. "With an increase in the perks awarded to foreign direct investments (FDI) by the government of India, many of the global companies are anticipated to set up their manufacturing facilities in the country, augmenting demand for SMT equipment."
Increased usage of electronic products in telecom and automotive sectors has boosted demand for SMT equipment in these industries. Telecom and automotive are the most prominent industries in India, contributing significantly to the country's GDP, and this expected to continue for the coming years. The mobile revolution and increasing attractiveness of technologies such as WiMax, and VoIP is necessitating indigenous manufacturing of the various telecom products such as handsets, base stations, modems and VoIP phones thus creating demand for SMT equipment. The automotive industry too is replacing its older technology equipment with more advanced technology that includes numerous electronic components and control units. The local manufacturing of the automotive electronic products is seen as further driving the need for SMT equipment to improve efficiency in the production process.
Cost-effective, High-technology SolutionsIncrease in the usage of miniature PCBs in various application segments forces SMT equipment vendors to develop and offer cost-effective and high-technology solutions to their OEM and EMS customers. The continuous evolution of the electronics manufacturing processes compels SMT equipment suppliers to keep themselves abreast of these developments and upgrade their products accordingly. These incessant changes make the market more challenging as SMT equipment suppliers need to provide the most advanced equipment but at competitive prices. "SMT equipment vendors need to strike the right balance between technology and price in order to gain a competitive edge," notes the analyst. "The major strategy in pricing lies in being cost effective while ensuring provision of value-adding services for customers." Value adding services are a major differentiator in the SMT market enabling equipment suppliers to keep their prices at a marginal premium while being a major selection criterion that customers look for.
There has been a marginal decrease in procurement of SMT equipment since the economic slowdown in India, begun in September 2008. This can be largely attributed to the change in equipment technology and the phase out of SMT cleaning and glue dispenser equipment from the market. Nonetheless, growth is expected to pick up with indications of strong growth in the SMT placement, screen printers, soldering, and inspection equipment markets.
For more information, visit http://www.researchandmarkets.com/product/b377bd/indian_surface_mount_technologies_market.
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