Report Description

Forecast Period

2025-2029

Market Size (2023)

USD 352.10 Million

Market Size (2029)

USD 536.76 Million

CAGR (2024-2029)

7.12%

Fastest Growing Segment

Automotive

Largest Market

Northern & Central Region

Market Overview

Saudi Arabia Surface Mount Technology Market was valued at USD 352.10 million in 2023 and is anticipated to project robust growth in the forecast period with a CAGR of 7.12% through 2029. Surface Mount Technology (SMT) refers to a crucial segment of the electronics manufacturing industry where electronic components are mounted or soldered directly onto the surface of printed circuit boards (PCBs). This innovative technology has revolutionized the production of electronic devices by replacing traditional through-hole components with smaller, more compact, and highly efficient surface-mounted components.

In the SMT market, the primary focus is on optimizing the assembly and manufacturing processes of various electronic products, including consumer electronics, automotive components, medical devices, and more. SMT offers several advantages, such as reduced PCB size, improved electrical performance, and enhanced production efficiency, which have made it the preferred choice for modern electronic manufacturing.

The SMT market encompasses a wide range of equipment, materials, and services, including soldering machines, pick-and-place machines, solder paste, and inspection systems. It plays a pivotal role in meeting the demands of today's fast-paced and technologically advanced electronics industry. As consumer preferences and industry standards evolve, the SMT market continues to adapt and innovate, driving progress in the world of electronics manufacturing.

Key Market Drivers

Technological Advancements in SMT

Technological advancements have been a significant driver of growth in the Saudi Arabia Surface Mount Technology (SMT) market. As a vital component of the electronics manufacturing industry, SMT has witnessed continuous innovation and development. These advancements have led to improvements in SMT equipment, materials, and processes, making it an essential part of the Kingdom's burgeoning electronics industry.

In recent years, the Saudi Arabian government has focused on diversifying its economy, with a particular emphasis on the technology and electronics sector. This has encouraged local and international manufacturers to invest in cutting-edge SMT equipment and processes. Advanced robotic soldering, high-speed pick-and-place machines, and 3D inspection systems have become standard in the industry. The integration of Artificial Intelligence (AI) and Internet of Things (IoT) technologies has further enhanced the precision, speed, and efficiency of SMT production.

To equipment, materials used in SMT, such as solder paste and adhesives, have also seen advancements. Lead-free soldering has become a global standard due to environmental regulations, and Saudi Arabia has embraced this change. New solder paste formulations have been developed to enhance solder joint reliability and reduce defects. These technological improvements ensure that SMT manufacturers in Saudi Arabia remain competitive on a global scale.

Growing Electronics Manufacturing Sector

Saudi Arabia's electronics manufacturing sector has been experiencing significant growth, serving as another driver of the SMT market. The country has attracted investments from international electronics companies looking to establish manufacturing facilities within the Kingdom. These companies have recognized the strategic location of Saudi Arabia, its skilled labor force, and the potential for large-scale electronics production.

The local demand for electronic products, from consumer electronics to automotive components, has also contributed to the expansion of the electronics manufacturing sector. This burgeoning industry has a direct impact on the demand for SMT equipment and services.

Favorable Government Initiatives

Saudi Arabia's government has played a crucial role in driving the SMT market forward. Initiatives aimed at diversifying the economy and promoting technological advancement have been key drivers. The Saudi Vision 2030 plan, for instance, emphasizes the development of a robust technology and electronics manufacturing sector, which includes significant investments in SMT infrastructure.

The government has introduced incentives such as tax breaks, reduced import tariffs on SMT equipment, and support for research and development activities. These incentives have attracted foreign investors and encouraged local companies to invest in modern SMT technologies.

Expansion in Automotive and Aerospace Industries

The growth of the automotive and aerospace industries in Saudi Arabia has had a positive impact on the SMT market. As these industries expand and diversify, the demand for advanced electronics in vehicles and aircraft has risen significantly. SMT plays a vital role in manufacturing the complex electronic components required for these applications. This has led to a surge in demand for SMT services and equipment in Saudi Arabia.

Increasing Consumer Electronics Demand

Consumer electronics, including smartphones, tablets, and home appliances, continue to be in high demand in Saudi Arabia. As consumer preferences evolve and technologies advance, manufacturers in this sector require increasingly sophisticated SMT solutions to meet market demands. The SMT market is driven by the need for high-quality, reliable, and compact electronic components used in these devices.

Exports and International Competitiveness

Saudi Arabia is positioning itself as an electronics manufacturing hub for the Middle East and North Africa (MENA) region. The SMT market benefits from the export-oriented approach of the country's electronics manufacturers. With a focus on producing high-quality electronic products for both domestic consumption and export, Saudi Arabia aims to compete on a global scale. This drive towards international competitiveness has fueled the demand for advanced SMT technologies and services, enabling manufacturers to meet international standards and gain a competitive edge.

The Saudi Arabia Surface Mount Technology market is being driven by a combination of technological advancements, a growing electronics manufacturing sector, government support, the expansion of key industries, consumer electronics demand, and the country's drive for international competitiveness. These factors collectively contribute to the rapid development of the SMT market in the Kingdom.



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Government Policies are Likely to Enhance the Market in the Upcoming Years.

Saudi Vision 2030 - Technology and Innovation

Saudi Vision 2030 is the overarching blueprint for the Kingdom's transformation. At its core, the Vision seeks to diversify the Saudi economy and reduce its reliance on oil revenue. A critical component of this Vision is the development of a robust technology and innovation sector. This policy focuses on the promotion of technology-driven industries, including SMT. Saudi Vision 2030 encourages investment in research and development, technological advancements, and fostering an environment conducive to innovation.

Under this policy, the Saudi government has set specific goals to increase the contribution of the technology and electronics manufacturing sector to the national GDP. Initiatives include the establishment of technology parks and innovation hubs, as well as financial incentives for companies engaged in technology-driven manufacturing. These measures not only support the SMT market but also attract foreign investment and expertise.

Saudization and Labor Regulations

Saudization, also known as "Nitaqat," is a key government policy aimed at increasing the participation of Saudi citizens in the labor force. It has implications for the SMT market as it encourages the hiring of Saudi nationals in various roles, including those in electronics manufacturing. Employers in the SMT industry must adhere to Saudization quotas, which require a certain percentage of their workforce to be Saudi citizens.

This policy promotes skill development and training programs to ensure that Saudi workers are equipped to meet the demands of the SMT industry. Companies are also encouraged to invest in the professional development of their Saudi employees, helping to create a more skilled and competitive workforce.

Tax Incentives and Investment Promotion

To attract foreign investment and stimulate the growth of the SMT market, the Saudi government has introduced a range of tax incentives and investment promotion policies. These incentives include reduced corporate tax rates, customs duty exemptions for importing SMT equipment, and financial incentives for companies that invest in research and development.

The government has also established investment promotion agencies to assist foreign investors in navigating the regulatory landscape and establishing their businesses in Saudi Arabia. These policies are designed to make Saudi Arabia a more attractive destination for SMT manufacturers looking to establish operations in the country.

Environmental and Regulatory Compliance

In line with global environmental standards, Saudi Arabia has implemented policies to ensure that the SMT industry complies with strict environmental regulations. This includes adhering to lead-free soldering practices and implementing measures to reduce electronic waste and promote recycling.

Regulatory bodies work closely with SMT manufacturers to ensure that their processes and materials meet safety and quality standards. Compliance with these policies not only ensures environmental sustainability but also maintains the reputation of the Saudi SMT industry in international markets.

Intellectual Property Protection

Intellectual property protection is a vital component of government policy in Saudi Arabia. It is especially relevant to the SMT industry, which relies heavily on innovation and technology. The government has taken measures to strengthen intellectual property rights, making it more appealing for companies to invest in research and development activities in the country.

These policies provide legal mechanisms for the protection of patents, trademarks, and copyrights, ensuring that companies' innovations are safeguarded. By promoting intellectual property protection, the government fosters an environment where technology-driven sectors like SMT can thrive.

Trade Agreements and Export Promotion

Saudi Arabia has entered into various trade agreements and partnerships to promote the export of electronics and SMT products. These agreements reduce trade barriers and facilitate the movement of goods, benefiting SMT manufacturers looking to access global markets.

The government actively supports export-oriented companies, providing incentives and resources to expand their international reach. This policy encourages SMT manufacturers to produce high-quality electronic components for both domestic consumption and export, helping the industry gain a competitive edge in the global electronics market.

Government policies in Saudi Arabia are instrumental in shaping the growth and competitiveness of the Surface Mount Technology market. These policies range from overarching economic development plans to specific regulations and incentives designed to create a conducive environment for the SMT industry to thrive.


Key Market Challenges

Skilled Labor Shortage in SMT Industry

The foremost challenges confronting the Saudi Arabia SMT market is the shortage of skilled labor. As the country strives to diversify its economy and develop a robust electronics manufacturing sector, the demand for qualified professionals in SMT has grown substantially. However, there is a noticeable gap between the demand for skilled SMT workers and the available workforce.

Several factors contribute to this challenge. First, while the government has implemented Saudization policies, which aim to increase the employment of Saudi nationals, the SMT industry requires highly specialized skills and training that are not readily available locally. As a result, companies often rely on expatriate workers with the necessary expertise, which may be a temporary solution but doesn't address the long-term need for local talent.

The educational infrastructure in Saudi Arabia faces challenges in keeping pace with the evolving demands of the SMT industry. The curriculum and training programs in technical institutes and universities may not be adequately aligned with the rapidly changing technological landscape of SMT. There's a need for a stronger emphasis on SMT-related education and training to equip Saudi nationals with the skills required to excel in the industry.

The Saudi government, in collaboration with educational institutions and industry stakeholders, should invest in comprehensive training and retraining programs. This could include partnerships with international SMT training organizations to ensure that Saudi workers are up-to-date with the latest technology and methodologies. Furthermore, incentivizing the private sector to participate in vocational training and apprenticeship programs can help bridge the skills gap.

Global Competition and Quality Standards

Another significant challenge faced by the Saudi Arabia SMT market is the intense global competition and the need to meet international quality standards. While the Kingdom seeks to position itself as an electronics manufacturing hub, it competes with established manufacturing giants in the industry. This competition places pressure on local SMT manufacturers to maintain high levels of quality and innovation.

Global customers, including multinational corporations and international markets, demand that electronic components manufactured in Saudi Arabia meet stringent quality standards. Deviations from these standards can lead to costly recalls, damage to reputation, and loss of business opportunities.

Export-oriented SMT manufacturers must align their practices with international regulations and industry norms, including environmental standards such as lead-free soldering. Compliance with these standards can be challenging, requiring ongoing investment in equipment, materials, and quality control measures.

The Saudi government must continue its support of SMT manufacturers in their pursuit of international certifications and quality standards. This support can include financial incentives for adopting and maintaining quality control systems, as well as assistance in navigating complex international regulations.

The SMT industry in Saudi Arabia must prioritize research and development to keep pace with global competitors. Investment in innovation, efficiency improvements, and sustainable manufacturing practices can enhance the market's ability to meet international quality standards and stand out in the global market.

The Saudi Arabia SMT market faces significant challenges related to the shortage of skilled labor and the need to meet global competition and quality standards. Overcoming these challenges requires a collaborative effort between the government, industry stakeholders, and educational institutions to ensure a skilled and competitive workforce while maintaining high-quality manufacturing practices in line with global standards.


Key Market Trends

Adoption of Advanced Surface Mount Technology (SMT) Equipment

In recent years, the Saudi Arabia Surface Mount Technology (SMT) market has witnessed a significant trend towards the adoption of advanced SMT equipment. This trend is driven by several factors, including the demand for higher efficiency, increased production capacity, and the pursuit of enhanced product quality in various industries such as electronics, automotive, and telecommunications.

key drivers behind the adoption of advanced SMT equipment is the relentless pursuit of miniaturization and higher component density in electronic devices. With consumer preferences shifting towards smaller, sleeker gadgets, manufacturers are under pressure to produce electronics that are not only compact but also feature-packed. Advanced SMT equipment, equipped with state-of-the-art technology such as high-speed placement systems, precise soldering techniques, and advanced inspection capabilities, enables manufacturers to achieve tighter component placement and finer pitch sizes, thereby facilitating the production of smaller and more sophisticated electronic devices.

The automotive industry in Saudi Arabia is experiencing rapid growth, driven by government initiatives, increasing consumer purchasing power, and rising demand for vehicles. As automotive electronics become more complex with the integration of advanced safety, infotainment, and connectivity features, there is a growing need for advanced SMT equipment capable of handling the intricate assembly requirements of modern automotive electronic systems.

The Kingdom's ambitious Vision 2030 agenda, aimed at diversifying the economy and fostering innovation, is expected to drive investments in sectors such as information technology, renewable energy, and smart infrastructure. These investments are likely to fuel the demand for advanced SMT equipment, as companies strive to stay ahead of the curve and leverage cutting-edge technology to gain a competitive edge in the market.

The adoption of advanced SMT equipment is a prominent trend in the Saudi Arabia Surface Mount Technology market, driven by the pursuit of higher efficiency, increased production capacity, and enhanced product quality across various industries. As the Kingdom continues to embrace technological innovation and diversify its economy, the demand for advanced SMT equipment is expected to remain robust, presenting lucrative opportunities for market players.

Segmental Insights

Type Insights

The Pick and Place segment emerged as the dominant segment in 2023.  Pick and Place machines are at the core of SMT assembly processes. They are responsible for accurately and rapidly picking up surface-mounted components and placing them on printed circuit boards (PCBs). The precision and speed of this equipment significantly impact the overall efficiency and quality of the assembly process. The electronics manufacturing sector, including the production of consumer electronics, automotive components, and more, often requires high-speed, high-precision assembly of components. This has led to a consistent demand for Pick and Place machines to meet production targets. Pick and Place technology has evolved over the years, with machines becoming increasingly sophisticated. Modern Pick and Place machines are capable of handling a wide range of component sizes and shapes, offering advanced vision systems for accurate placement, and supporting complex assembly requirements. Using Pick and Place machines reduces manual labor, leading to improved efficiency and cost savings. They can work continuously and with high accuracy, reducing the risk of errors and rework, which can be costly in the electronics manufacturing process. Pick and Place machines have become a standard in the global electronics manufacturing industry. Many manufacturers, both international and domestic, rely on these machines for their assembly processes. This standardization may carry over to the Saudi Arabian market. Pick and Place machines are increasingly integrated into Industry 4.0 and Internet of Things (IoT) systems, allowing for real-time monitoring and data analysis. This integration helps in improving overall manufacturing efficiency and quality control. In regions where electronics manufacturing is a priority, governments often provide support, incentives, and initiatives to encourage the growth of the industry. This support can lead to increased investments in advanced SMT equipment, including pick-and-place machines.


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Regional Insights

Northern & Central Region

The Northern & Central Region held the largest market share in 2023. The dominance of the Northern & Central Region in the Saudi Arabia Surface Mount Technology (SMT) market can be attributed to the concentration of manufacturing infrastructure in these areas. As the most populous and economically developed regions in the Kingdom, the Northern & Central Region boast a diverse industrial landscape, including electronics manufacturing, automotive production, and consumer goods assembly. One of the key factors driving the dominance of these regions in the SMT market is the presence of established industrial clusters and manufacturing hubs. These clusters serve as focal points for SMT activities, attracting investment from domestic and international players looking to leverage the region's strategic location, infrastructure, and skilled workforce. Companies operating within these clusters benefit from economies of scale, shared resources, and collaborative partnerships, creating a conducive environment for SMT innovation and growth.

The Northern & Central Region are home to major cities such as Riyadh, Jeddah, and Dammam, which serve as commercial and logistical hubs connecting the Kingdom's domestic market with regional and global trade networks. The strategic location of these cities facilitates the efficient distribution of SMT equipment, components, and finished goods to domestic and international markets, further bolstering the region's competitive advantage in the SMT market. The Northern & Central Region benefit from favorable government policies and initiatives aimed at promoting industrial development, fostering innovation, and attracting foreign investment. The Saudi government's Vision 2030 agenda, in particular, emphasizes the importance of diversifying the economy, enhancing the competitiveness of the manufacturing sector, and fostering a knowledge-based economy driven by innovation and technology. As a result, the government has implemented various incentive programs, tax breaks, and infrastructure projects to support the growth of the SMT industry in the Northern & Central Region.

The presence of leading educational and research institutions in these regions plays a pivotal role in nurturing talent, fostering R&D collaboration, and driving technological innovation in the SMT sector. Universities, technical colleges, and research centers offer specialized programs in engineering, electronics, and advanced manufacturing, providing a skilled workforce equipped with the knowledge and expertise required to excel in the SMT industry. The dominance of the Northern & Central Region in the Saudi Arabia Surface Mount Technology market can be attributed to the concentration of manufacturing infrastructure, the presence of established industrial clusters, favorable government policies, and the availability of skilled talent. As these regions continue to evolve as key hubs for SMT innovation and production, they are poised to maintain their leadership position in the Kingdom's rapidly expanding SMT market.

Recent Developments

  • In March 2022, Foxconn Technology Group, the primary assembler of iPhones for Apple Inc., engaged in discussions with Saudi Arabia regarding a potential collaboration to construct a versatile plant valued at USD9 billion. This facility aims to manufacture a range of products, including microchips, components for electric vehicles, and various electronic devices like displays, as disclosed by reliable sources familiar with the matter.

Key Market Players

  • Fuji Corporation
  • Yamaha Motor Co. Ltd
  • Mycronic AB
  • ASM Assembly Systems GmbH & Co. KG
  • Panasonic Corporation
  • Nordson Corporation
  • Juki Corporation
  • Hanwha Corporation
  • Zhejiang Neoden Technology Co. Ltd
  • Electronic Manufacturing Services Group Inc.

By Type

By Application

By Region

  • Coating Equipment
  • Inspection
  • Pick and Place
  • Solder Equipment
  • Cleaning Agents
  • Rework
  • Repair Equipment
  • Telecommunication
  • Consumer Electronics
  • Automotive
  • Aerospace & Defense
  • Healthcare
  • Northern & Central Region
  • Western Region
  • Eastern Region
  • Southern Region    


Report Scope:

In this report, the Saudi Arabia Surface Mount Technology Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Saudi Arabia Surface Mount Technology Market, By Type:

o   Coating Equipment

o   Inspection

o   Pick and Place

o   Solder Equipment

o   Cleaning Agents

o   Rework

o   Repair Equipment   

  • Saudi Arabia Surface Mount Technology Market, By Application:

o   Telecommunication

o   Consumer Electronics

o   Automotive

o   Aerospace & Defense

o   Healthcare      

  • Saudi Arabia Surface Mount Technology Market, By Region:

o   Northern & Central Region

o   Western Region

o   Eastern Region

o   Southern Region     

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Saudi Arabia Surface Mount Technology Market.

Available Customizations:

Saudi Arabia Surface Mount Technology Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Saudi Arabia Surface Mount Technology Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.         Product Overview

1.1.    Market Definition

1.2.    Scope of the Market

1.2.1.Markets Covered

1.2.2.Years Considered for Study

1.2.3.Key Market Segmentations

2.         Research Methodology

2.1.    Objective of the Study

2.2.    Baseline Methodology

2.3.    Formulation of the Scope

2.4.    Assumptions and Limitations

2.5.    Sources of Research

2.5.1.Secondary Research

2.5.2.Primary Research

2.6.    Approach for the Market Study

2.6.1.The Bottom-Up Approach

2.6.2.The Top-Down Approach

2.7.    Methodology Followed for Calculation of Market Size & Market Shares

2.8.    Forecasting Methodology

2.8.1.Data Triangulation & Validation

3.         Executive Summary

4.         Voice of Customer

5.         Saudi Arabia Surface Mount Technology Market Overview

6.         Saudi Arabia Surface Mount Technology Market Outlook

6.1.    Market Size & Forecast

6.1.1.By Value

6.2.    Market Share & Forecast

6.2.1.By Type (Coating Equipment, Inspection, Pick and Place, Solder Equipment, Cleaning Agents, Rework, Repair Equipment)

6.2.2.By Application (Telecommunication, Consumer Electronics, Automotive, Aerospace & Defense, Healthcare)

6.2.3.By Region (Riyadh, Makkah, Eastern Province)

6.3.    By Company (2022)

6.4.     Market Map

7.         Northern & Central Region Surface Mount Technology Market Outlook

7.1.    Market Size & Forecast

7.1.1.By Value

7.2.    Market Share & Forecast

7.2.1.By Type

7.2.2.By Application

8.         Western Region Surface Mount Technology Market Outlook

8.1.    Market Size & Forecast

8.1.1.By Value

8.2.    Market Share & Forecast

8.2.1.By Type

8.2.2.By Application

9.         Eastern Region Surface Mount Technology Market Outlook

9.1.    Market Size & Forecast

9.1.1.By Value

9.2.    Market Share & Forecast

9.2.1.By Type

9.2.2.By Application

10.      Southern Region Surface Mount Technology Market Outlook

10.1. Market Size & Forecast

10.1.1.     By Value

10.2. Market Share & Forecast

10.2.1.     By Type

10.2.2.     By Application

11.      Market Dynamics

11.1. Drivers

11.2. Challenges

12.      Market Trends and Developments

13.      Company Profiles

13.1. Fuji Corporation

13.1.1.     Business Overview

13.1.2.     Key Revenue and Financials  

13.1.3.     Recent Developments

13.1.4.     Key Personnel/Key Contact Person

13.1.5.     Key Product/Services Offered

13.2. Yamaha Motor Co. Ltd

13.2.1.     Business Overview

13.2.2.     Key Revenue and Financials  

13.2.3.     Recent Developments

13.2.4.     Key Personnel/Key Contact Person

13.2.5.     Key Product/Services Offered

13.3. Mycronic AB

13.3.1.     Business Overview

13.3.2.     Key Revenue and Financials  

13.3.3.     Recent Developments

13.3.4.     Key Personnel/Key Contact Person

13.3.5.     Key Product/Services Offered

13.4. ASM Assembly Systems GmbH & Co. KG

13.4.1.     Business Overview

13.4.2.     Key Revenue and Financials  

13.4.3.     Recent Developments

13.4.4.     Key Personnel/Key Contact Person

13.4.5.     Key Product/Services Offered

13.5. Panasonic Corporation

13.5.1.     Business Overview

13.5.2.     Key Revenue and Financials  

13.5.3.     Recent Developments

13.5.4.     Key Personnel/Key Contact Person

13.5.5.     Key Product/Services Offered

13.6. Nordson Corporation

13.6.1.     Business Overview

13.6.2.     Key Revenue and Financials  

13.6.3.     Recent Developments

13.6.4.     Key Personnel/Key Contact Person

13.6.5.     Key Product/Services Offered

13.7. Juki Corporation

13.7.1.     Business Overview

13.7.2.     Key Revenue and Financials  

13.7.3.     Recent Developments

13.7.4.     Key Personnel/Key Contact Person

13.7.5.     Key Product/Services Offered

13.8. Hanwha Corporation

13.8.1.     Business Overview

13.8.2.     Key Revenue and Financials  

13.8.3.     Recent Developments

13.8.4.     Key Personnel/Key Contact Person

13.8.5.     Key Product/Services Offered

13.9. Zhejiang Neoden Technology Co. Ltd

13.9.1.     Business Overview

13.9.2.     Key Revenue and Financials  

13.9.3.     Recent Developments

13.9.4.     Key Personnel/Key Contact Person

13.9.5.     Key Product/Services Offered

13.10. Electronic Manufacturing Services Group Inc.

13.10.1.     Business Overview

13.10.2.     Key Revenue and Financials  

13.10.3.     Recent Developments

13.10.4.     Key Personnel/Key Contact Person

13.10.5.     Key Product/Services Offered

14.      Strategic Recommendations

15.   About Us & Disclaimer

Figures and Tables

Frequently asked questions

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The market size of the Saudi Arabia Surface Mount Technology Market was USD 352.10 million in 2023.

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In 2023, the Pick and Place segment asserted its dominance within the market landscape. These segments are integral components within Surface Mount Technology (SMT) assembly operations, playing a pivotal role in swiftly and accurately handling surface-mounted components, subsequently positioning them onto printed circuit boards (PCBs).

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In 2023, the Telecommunication segment is poised for significant expansion. Within Saudi Arabia, telecommunications stands as a pivotal industry, propelled by the nation's burgeoning digital economy and the escalating requisites for communication technology.

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Increasing demand for smaller and lighter electronic devices and government initiatives to promote the growth of the electronics industry are the major drivers of the Saudi Arabia Surface Mount Technology Market.

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Sakshi Bajaal

Business Consultant
Press Release

Saudi Arabia Surface Mount Technology Market is expected to grow at a 7.12% CAGR through 2029

Jun, 2024

Increasing demand for smaller and lighter electronic devices and government initiatives to promote the growth of the electronics industry are driving the Saudi Arabia Surface Mount Technology Market