Global Surface Mount Technology (SMT) Carrier Tape Market Research Report 2024(Status and Outlook)
Global Surface Mount Technology (SMT) Carrier Tape Market Research Report 2024(Status and Outlook)
The global Surface Mount Technology (SMT) Carrier Tape market size was valued at US$ 985.4 million in 2024 and is projected to reach US$ 1.42 billion by 2030, at a CAGR of 6.3% during the forecast period 2024-2030.
The United States Surface Mount Technology (SMT) Carrier Tape market size was valued at US$ 215.6 million in 2024 and is projected to reach US$ 298.7 million by 2030, at a CAGR of 5.6% during the forecast period 2024-2030.
SMT Carrier Tape is a packaging material used in the electronics manufacturing industry to hold and transport surface mount components during the automated assembly process, ensuring proper orientation and protection of components for pick-and-place machines.
The global SMT Carrier Tape market is growing steadily, driven by the expanding electronics manufacturing sector, increasing adoption of automation in PCB assembly, and the trend towards miniaturization in electronic devices. In 2023, global production of SMT carrier tape reached approximately 425 billion linear inches, with Asia-Pacific dominating the market with a 70% share of production and consumption. The consumer electronics sector remains the largest end-user, accounting for 40% of demand, followed by automotive electronics at 25% and industrial electronics at 20%. The market benefited from the continued growth in smartphone and wearable device production, leading to a 12% increase in demand for ultra-thin carrier tapes for miniature components in 2023. Technological advancements have focused on improving tape precision, enhancing ESD protection, and developing eco-friendly materials, with new products offering pocket dimensional accuracy within
