Surface Mount Technology (SMT) Market Forecast 2030 | Strategic Decision-Making Insights
Oliviahunter18 Mar, 2024Business
The Surface Mount Technology (SMT) Market size was valued at USD 5.9 billion in 2022 and is expected to grow to USD 10.83 billion by 2030 and grow at a CAGR of 7.9% over the forecast period of 2023-2030. The development of surface-mount technology, which saw widespread adoption in the 1980s. They were utilized in the majority of expensive PCB assembly. The design of conventional electronic parts was altered to incorporate metal tabs or end caps that could be mounted directly to the board surface.
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