HARRISBURG, NC – The surface mount technology (SMT) equipment market is expected to grow at a CAGR of 8.66% from 2018 to 2021, according to a new report from IndustryDataAnalytics.

The research firm says the market is projected to grow at a CAGR of 3.63% from 2017 to 2021.

Many players have been adopting organic business strategies for business growth, while some of the tier I and tier II companies are focusing on inorganic business strategies to reduce competition and expand their geographical footprint, says IndustryDataAnalytics.

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