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SMT software market to hit $558M in 2013

Posted: 15 Jan 2007 ?? ?Print Version ?Bookmark and Share

Keywords:Frost & Sullivan? SMT software?

From $312.4 million revenues in 2006, the market for SMT software is projected to hit $558.3 million in 2013 according to Frost & Sullivan's World SMT Software Markets report.

"The SMT software market has been rejuvenated not only due to increase in equipment sales but also due to increasing automation and technology of the software itself," said Frost & Sullivan senior research analyst Lavanya Ram Mohan. "As the demands for increased integration, communication, quality and factory level optimization rise, these markets are likely to accrue significant revenues in future, moreover, the perception of the industry in general towards SMT software has also undergone a tremendous transformation."

Increasing demand for miniaturization of components and compact products has favored the software market. According to the research firm, demand for quality, throughput, accuracy and integration caused a new surge of demand, given the need to reduce repair and rework down the line. This has then elevated the technology and investment for the software segment. And given that manufacturing processes are undergoing a facelift for leaner, faster and optimized production lines, demand for SMT software is poised for stronger growth.

However, hardware platforms of the machines vary and cannot handle the latest software versions. There are hardware limitations that prevent the integration of new software into existing machines. At present, creating hardware platforms that operate seamlessly with newly integrated software is an issue among manufacturers.

"The inability to integrate new software into legacy machines still remains the main bone of contention for SMT software providers," said Ram Mohan. "While the software prescribed can efficiently meet the industry demands, most customers prefer to update them on their existing machines as opposed to buying the new equipment with the latest software."

Existing SMT machines within the market are also getting obsolete, according to Frost & Sullivan. As a result, the cost of ownership becomes high for customers. This induces increasing purchase of new equipment that can integrate the latest software upgrades. Alternatively, manufacturers must display proactive strategies to anticipate future industry needs and create hardware platforms that can integrate the latest technology.

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