Surface Mount Technology (SMT) Carrier Tape Market report will make detailed analysis mainly on in-depth research on the development environment, Market size, development trend, operation situation and future development trend of Surface Mount Technology (SMT) Carrier Tape Market on the basis of stating current situation of the industry in 2019.
The global surface mount technology (SMT) carrier tape market size is expected to reach USD 144.0 million by 2025. Increasing demand for electronic components in the manufacturing sector including automotive, consumer electronics, medical devices, and industrial automation is expected to boost the market growth in near future. Furthermore, increasing preference for Electric Vehicles (EVs) in major economies including Germany and China on account of rising concerns regarding harmful emissions is expected to fuel the demand for passive components, thereby augmenting market growth. Raw materials, such as, paper and thermoplastics including polycarbonate and polystyrene are used to manufacture SMT tapes. Crude oil is expected to remain one of the key commodities used in plastic production.
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The prominent players in the global Surface Mount Technology (SMT) Carrier Tape market are 3M, Advantek, Carrier Tech Precision, Taiwan Carrier Tape, Oji F-Tex, ITW ECPS, C-Pak Pte, Laser Tek Taiwan, Nihon Matai, etc.
Rising manufacturing of electronic devices and Electric Vehicles (EVs) in Asia-Pacific is fueling the electronic components industry growth. Furthermore, rapidly expanding telecommunication segment and increasing number of Internet users in India, China, Vietnam, and other Asian nations are anticipated to spur the demand for electronic devices and SMT carrier tapes.
Product Types for Surface Mount Technology (SMT) Carrier Tape Market Plastic Tape, Paper Tape
Applications for Surface Mount Technology (SMT) Carrier Tape Market are Consumer electronics, Communication, Healthcare, Automotive, Industrial, Others
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Market share assessments for the regional and country level segments
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