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.

Surface mount technology (SMT) carrier tape is used in the manufacturing process to hold and transport surface mount components. The tape represents the components of the device for automatic placement on printed circuit boards. This method saves space and reduces the number of capacitors needed. Carrier tape also 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, which is an important part of the manufacturing process. Overall, SMT carrier tape plays a vital role in ensuring the efficient and safe manufacturing of electronic devices.

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.

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysi