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Kenneth Research, in its repository of market research reports, have recently added a report on Surface Mount Technology (SMT) Tape Market which emphasizes on the latest trends, key opportunities, drivers, and the challenges associated with the growth of the market during the forecast period, i.e., 2022-2031.
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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REPORT HIGHLIGHT
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%
Market Dynamics
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.
Type Takeaway
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.
Regional Takeaway
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
Latin America
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
Advantek, Inc.
Shin-Etsu Polymer
3M Company
ePAK International
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
TARGET AUDIENCE
Traders, Distributors, and Suppliers
Manufacturers
Government and Regional Agencies
Research Organizations
Consultants
Distributors
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
Consumer Electronics
Healthcare
Automotive
Industrial
Others
MARKET, BY REGION
North America
U.S.
Canada
Europe
Germany
France
Rest of Europe
Asia Pacific
India
China
Rest of APAC
Rest of the World
Middle East and Africa
Latin America
About Kenneth Research
Kenneth Research provides scheduled syndicated reports that help industry professionals and organizations decipher market trends to take significant decisions and plan strategies. We cater to a wide range of industries including healthcare & pharmaceuticals, ICT & telecom, automotive & transportation, energy & power, chemicals, FMCG & food, aerospace & defense, among others. Our research team ensures to track and analyze the industry on a regular basis to offer strategic business consultancy services on a global level. We, at Kenneth Research are adept at capturing descriptive insights on crucial topics to help our clients make their informed decisions.
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