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Surface Mount Technology Market Size Projected To Reach USD 8,222.0 Million By 2030

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  San Francisco, 31 July 2023:  The Report  Surface Mount Technology Market  Size, Share & Trends Analysis Report By Equipment (Inspection Equipment, Placement Equipment, Others), By Service, By Application, Regional Outlook, Competitive Strategies, and Segment Forecasts, 2023 - 2030 The global surface mount technology market size is expected to reach USD 8,222.0 million by 2030, expanding at a CAGR of 5.8%, according to a new report by Grand View Research, Inc. Surface mount technology (SMT) is a method of electronic component assembly used to build electronic circuits on printed circuit boards (PCBs). In SMT, electronic components such as resistors, capacitors, and integrated circuits (ICs) are mounted directly onto the surface of the PCB rather than being inserted through holes in the board (as in through-hole technology).In SMT, the components are typically much smaller and more compact than through-hole components, which allows for a greater degree of miniaturization in electr