SMT Programming Software Market Size, Share, Growth, and Industry Analysis, By Type (CAD, PCB Scanning, GERBER), By Application (Large Enterprises, SMEs), Regional Insights, and Forecast To 2032

Updated On: 22 April 2024

SMT Programming Software Market Report Overview

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global SMT programming software market size was USD 152.34 million in 2021 and market is projected to touch USD 508.45 million by 2032 at CAGR 11.58% during the forecast period.

The global COVID-19 pandemic has been unprecedented and staggering, with SMT programming software market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market growth and demand returning to pre-pandemic levels once the pandemic is over. 

SMT Programming Software is an essential tool for intelligent and fast programming. Convert CAD/Gerber/BOM data, intelligently modify part angle/polarity/offset, generate batch program/recipe/feeder list/assembly drawing document and convert existing program/recipe to another batch platform. This software minimizes human error, shortens programming and fine-tuning cycles, increases machine utilization and reduces labor costs. Many software have been used in the assembly and manufacture of electronic devices. Better software is needed to prevent errors in the manufacturing process. More enterprises incorporate SMT software with manufacturing execution system, enterprise resource planning system and other factory automation systems. Software integration is a promptly rising field in SMT and many independent software.

Higher potentials to technological improvement, examination and expansion, fast-growing market demand for enterprises at different stages to develop smart manufacturing faster and better. Digital transformation is a big inclination. It is the trend of the times and the process from quantity to quality to realize intelligence through informationization and digitalization. A surge in consumer demand is the main factor influencing the market for SMT Programming Software internationally. Many consumers are utilizing it as a replacement. Global demand for SMT Programming Software has increased during the course of the projected timeframe. Additionally, this research report promotes business expansion. Participating are fixing their efforts on encouraging R&D. Manufacturers need to stay updated with changing market trends and develop products that meet growing consumer needs. Technological development are supporting the regional market growth. Companies coming up with progressive technological solutions for firming their positions.

COVID-19 Impact:  Pandemic hampered the market due to unexpected disruption in the sector

COVID-19 pandemic has extremely affected the whole world. It caused many unexpected disruption and affected the industry. COVID-19 had negative impact on the market due to economic slowdown, unpredictability in financial sector and high unstable market. The pandemic resulted in decreased demand due to a disrupted supply chain, drop in sales of products, delivery schedules. Travel bans imposed affected business collaboration and partnership. Demand had recently reduced due to travel bans and lockdown during the COVID-19 pandemic. The continuous loss in the business due to the lockdown measures is projected to directly influence the growth of the investments in the market.

Latest Trends

"Use of innovative products to boost the market growth "

Technological improvement and development will further enhance the presentation of the product, allowing it to obtain a varied range of requests in the market. Technological advancement will improve performance and propel the market growth. Technological advancement with high demand are increasingly setting a force to increase the productivity. Some players focus on product improvement to meet consumer requirements and likings. Constant innovation in manufacturing of products is anticipated to stimulate product demand.

SMT Programming Software Market Segmentation

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• By Type Analysis

According to type, the market can be segmented into CAD, PCB scanning, GERBER.

CAD will capture the maximum market share through forecast period.

• By Application Analysis

According to application, the market can be segmented into large enterprises, SMEs.

SMT programming software market players cover segment as large enterprises will dominate the market share during forecast period.

Driving Factors

"Increasing consumer demand and upgradation to boost the market growth"

Surge in consumer demand is the main factor influencing the market. With the increasing development of information technology, cloud computing, big data, Internet of Things, 5G, artificial intelligence and other technologies continue to help the transformation and upgrading of traditional manufacturing and traditional industries are further trying to escalate the incorporation of industrialization and information. The demand is motivated by the growth of these industry which is anticipated to enhance market growth.

"Technological advancement and development to upsurge the market."

Technological advancements and innovation activate unique revenue augmenting opportunity which will upsurge the SMT programming software market growth. Growing investment in research and development activities and growing awareness about benefits are expected to deliver profitable opportunities for the market. Constant development are one of the trends in the market in variety of practices.

Restraining Factors

"Production declined due to pandemic which hampers the market growth"

Several major packaging factories in the world have been affected by the pandemic and their production capacity had been unable to be achieved normally. From smart homes to industrial and automotive chips there is a scarcity. Chains of inspirations are not only aimed at finite manufacturers but also the reduction market demand unrevealed delivery date of components, rising prices and others all of which have caused great harm to SMT manufacturers. Technical difficulties will reduce the industry revenue.

SMT Programming Software Market Regional Insights

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"Asia Pacific to dominate the region due to growing SMT Programming"

Asia Pacific is further expected to witness growth in the SMT programming software market share. The region is dominating the market due to rising growth of SMT programming in the region. The rising inhabitants and increasing income levels are also contributing to the development of the market. Upsurge in investments by key market players for the R&D undertakings and enlargement of their production abilities and product portfolios are projected to upsurge the growth. The expansion of regional market is being aided by technological developments.

Key Industry Players

"Key players focus on partnerships to gain competitive advantage."

The key players are dynamically contributing in strategic events that are aimed at maintaining strong market position and increasing market share by merger, partnerships and others. Key players are motivated to introduce new innovative products. They are spending severely on research and development in order to arise with more new technology so that they can maintain and improve their existing market. The market changes are dynamic such as market expansion, partnership and merger.

List of Market Players Profiled

• YAMAHA (Japan)
• SOFtronix (Canada)
• ViTrox (Malaysia)
• ASiemens Digital Industries Software (U.S.)
• DDM Novastar (U.S.)

Report Coverage

The report provides scrutiny and information according to market sectors. Business overview, financial overview, product portfolio, new project launch, recent development enquiry are the factors included in the profile. The report incorporates completely examined and appraised evidence of the noticeable players and their position in the market by methods for various descriptive tools. The report covers national and regional level market size and forecast. The report gives businesses the facility to research new prospect in many areas. The report shows to be an operational tool that players can use to gain a competitive superiority over their opponents and ensure lasting achievement in the market.