Global Surface Mount Technology (SMT) Carrier Tape Market Size By Type (Plastic Tape, Paper Tape), By Application (Consumer electronics, Communication), By Geographic Scope And Forecast

Surface Mount Technology (SMT) Carrier Tape Market Size And Forecast

Surface Mount Technology (SMT) Carrier Tape Market size was valued at USD 113.5 Million in 2021 and is projected to reach USD 235.7 Million by 2030, growing at a CAGR of 8.4% from 2022 to 2030.

Increasing demand for electronic components in the manufacturing sector including automotive, consumer electronics, medical devices, and industrial automation is expected to fuel market growth in the near future. The Global Surface Mount Technology (SMT) Carrier Tape Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Surface Mount Technology (SMT) Carrier Tape Market Definition

Surface mount technology (SMT) carrier tape is a type of tape used to present pick-and-place machines for automatic placement on printed circuit boards. Provides protection to integrated circuits and other devices from physical and electrostatic discharge (ESD) damage during shipping and storage. SMT refers to the technology of mounting electrical components directly on the surface of a printed circuit board. An important part of this process is the carrier tape that holds and transports the surface mount components.

Think of surface mount technology (SMT) carrier tape like a tiny conveyor belt for teeny electronic parts! It's a lifesaver in manufacturing, holding those surface mount components safe and sound as they travel to be automatically placed on printed circuit boards. This clever method not only saves precious space but also means we need fewer capacitors. Plus, carrier tape acts like a bodyguard, protecting sensitive integrated circuits and other devices from bumps, bruises, and even harmful electrostatic discharge (ESD) during shipping and storage. SMT, the tech behind mounting components directly on circuit boards, relies heavily on this little tape. Basically, SMT carrier tape is essential for efficiently and safely making all those electronic gadgets we love.

Global Surface Mount Technology (SMT) Carrier Tape Market Overview

Increasing demand for electronic components in the manufacturing sector including automotive, consumer electronics, medical devices, and industrial automation is expected to fuel market growth in the near future. In addition, the growing preference for electric vehicles (EVs) in major economies including Germany and China due to rising concerns about harmful emissions is expected to boost the demand for passive components, thereby fueling the market growth. Raw materials such as paper and thermoplastics including polycarbonate and polystyrene are used to produce SMT tapes.

Rising manufacturing activities in end-user industries such as consumer electronics, medical devices, and automotive are expected to fuel market growth in the coming years. In addition, the growing trend of Industry 4.0 and automation in the manufacturing sector is positively influencing the growth of the market. In addition, the growing demand for smart consumer electronics such as smartphones, smart TVs, and intelligent assistance systems is further increasing the need for surface mount technology (SMT) carrier tapes. However, fluctuations in raw material prices could hinder market growth over the forecast period.

Global Surface Mount Technology (SMT) Carrier Tape MarketSegmentation Analysis

The Global Surface Mount Technology (SMT) Carrier Tape Market is segmented on the basis of Type, Application, and Geography.

Surface Mount Technology (SMT) Carrier Tape Market, By Type

• Plastic Tape
• Paper Tape

Based on Type, the market is divided into Plastic Tape and Paper Tape. Plastic tapes stacked a major share in the development of the Global Surface Mount Technology (SMT) Carrier Tape Market. Plastic tapes are mainly made from polymers including polystyrene and polycarbonate. Polystyrene carrier tapes are a widely used material and offer sufficient protection. In addition, they are cost-effective and available in conductive versions to protect electrostatically sensitive components. Paper backing tapes are cheaper than plastic products and offer basic protection for electronic components. efficient and safe production of electronic devices.

 Surface Mount Technology (SMT) Carrier Tape Market, By Application

• Consumer electronics
• Communication
• Healthcare
• Automotive
• Industrial
• Others

Based on Application, the market is divided into Consumer electronics, Communication, Healthcare, Automotive, Industrial, and Others. Consumer electronics stacked a major share in the development of the Global Surface Mount Technology (SMT) Carrier Tape Market. The increasing use of electronic devices such as induction cookers and washing machines in developing countries including India, Brazil, and China is expected to increase the demand for passive components including resistors and capacitors, which in turn will boost the SMT Carrier Tape Market growth in the coming years.

Surface Mount Technology (SMT) Carrier Tape Market, By Geography

• North America
• Europe
• Asia Pacific
• Rest of the world

Based on Regional Analysis, the Global Surface Mount Technology (SMT) Carrier Tape Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. Asia Pacific leads the global market due to the expanding manufacturing sector in the automotive, consumer electronics, and medical device industries in countries such as China, India, Taiwan, Singapore, Japan, and Indonesia. Favorable government policies support the production of electronic components, thereby increasing the demand for regional products. For example, the Chinese government provides subsidies to Taiwanese manufacturers if they hire local workers.

Key Players

The ” Global Surface Mount Technology (SMT) Carrier Tape Market” study report will offer useful information with a focus on the global market. The major players in the market are ITW ECPS, C-Pak Pte, 3M, Advantek, Inc., Oji F-Tex, Laser Tek Taiwan, Taiwan Carrier Tape, and Carrier Tech Precision.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Ace Matrix Analysis

The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.

Market Attractiveness

The image of market attractiveness provided would further help to get information about the region that is majorly leading in the Global Surface Mount Technology (SMT) Carrier Tape Market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.

Porter’s Five Forces

The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. The porter’s five forces model can be used to assess the competitive landscape in the Global Surface Mount Technology (SMT) Carrier Tape Market, gauge the attractiveness of a certain sector, and assess investment possibilities.

Report Scope

Top Trending Reports

Research Methodology of Market Research

To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our .

Reasons to Purchase this Report

We'll dive into the market using both numbers and detailed observations, breaking it down by things like money and even culture. You'll get the scoop on market size in dollar terms (USD Billion) for every slice of the market we identify. Plus, we'll pinpoint which areas and segments are likely to explode with growth and rule the roost. Our geographical breakdown shows you where products and services are being used and what's influencing the market in each area. Get the lowdown on the competition, including the top players ranked, new offerings, alliances, growth moves, and takeovers from the last five years. We'll also give you detailed company profiles, packed with overviews, insights, product comparisons, and even SWOT analyses of the major market players. Finally, we look at today's market and predict the future, spotting opportunities, growth drivers, hurdles, and limitations in both new and established markets. Includes in-depth analysi