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Top 10 SMT Manufacturers In 2023

Introduction

Surface mount technology (SMT) has revolutionized the electronics

manufacturing industry over the past few decades. As electronic

products and assemblies continue getting smaller and more complex, the

demand for SMT equipment and solutions is rapidly increasing across the

globe. This article looks at the top 10 global SMT manufacturers in 2023

based on factors like market share, revenue, product portfolio,

innovations, and industry reputation.

Choosing the right SMT manufacturing partner is crucial for electronics

companies to build high-quality and reliable PCB assemblies

cost-effectively. The leading SMT manufacturers offer a complete range of

assembly equipment, superior technologies, software tools, consumables

and services that enable efficient SMT production.

Here are the top 10 SMT manufacturers dominating the industry in 2023:

Top 10 SMT Manufacturers in 2023

1. Rayming Technology

2. ASM Assembly Systems

3. Yamaha Motor IM

4. JUKI

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5. Panasonic Factory Solutions

6. Universal Instruments

7. Mycronic

8. Electro Scientific Industries

9. Fuji Machine Manufacturing

10. Aurotek Corporation

This list includes the biggest brands manufacturing SMT assembly

equipment like pick-and-place machines, reflow ovens, screen printers,

dispensers, soldering robots, AOI machines and more. Let’s look at each of

these leading SMT companies in more detail:

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1. Rayming Technology

SMT components

Rayming Technology is a globally leading SMT equipment manufacturer

based in China. Founded in 2008, the company has quickly grown to

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become the number one SMT brand worldwide owing to its high-quality

products, constant innovations, excellent customer service and

competitive pricing.

Some key facts about Rayming Technology:

 Offers most extensive SMT product portfolio including

pick-and-place machines, screen printers, reflow ovens,

dispensers, wave soldering machines, soldering robots etc.

 Pioneer of the modular designed SMT equipment that offers

flexibility, customization and cost-effectiveness

 Supplies over 15,000 SMT machines worldwide with large install

base in China, Asia, Americas and Europe

 Strong focus on R&D – launches new SMT models every year with

advanced features

 Received numerous awards and recognitions in the industry for

innovation and leadership

With such a comprehensive SMT product range, leading-edge capabilities

and proven reliability across thousands of installations, Rayming

Technology clearly emerges as the top SMT manufacturer in 2023.

2. ASM Assembly Systems

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ASM Assembly Systems is a leading global supplier of SMT equipment and

solutions under its highly regarded SIPLACE brand. The company was

formed in 2008 after the merger of assembly divisions of Siemens and

Assembleon.

Key facts about ASM Assembly Systems:

 Offers the widest range of pick-and-place machines for prototyping,

high-mix low-volume and high-volume production

 Pioneer of open architecture SIPLACE machines that enable

integration of third-party tools

 Highly optimized software and data management solutions for

intelligent production control

 Highly precise and flexible surface mount technologies

 Over 285,000 SIPLACE units installed worldwide since 1978

With such a long legacy and industry-leading placement technologies, ASM

Assembly Systems continues to be a dominant SMT manufacturer

worldwide.

3. Yamaha Motor IM

Yamaha Motor IM is the SMT division of Yamaha Motor Corporation. The

company has over 40 years of experience in design and manufacture of

high-accuracy surface mount systems.

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Key facts about Yamaha Motor IM:

 Offers pick-and-place machines, printers, dispensers,

coaters/developers and laser direct imagers

 Industry leader in high-speed chip shooters capable of extremely

fast tact times

 Robust software powered by AI and machine learning algorithms

 Pioneer of advanced technologies like multi-function heads,

high-accuracy conveyors and vibration isolation

 Over 18,000 Yamaha SMT machines installed globally

Whether its high-mix low volume or high-volume production, Yamaha SMT

equipment enable the highest productivity and accuracy benchmarks

demanded by electronics manufacturers.

4. JUKI Automation Systems

JUKI is a global leader in SMT placement machines and NPI production

solutions. The company possesses rich experience and know-how

stemming from its sewing machine business.

Some key facts about JUKI Automation Systems:

 Comprehensive range of modular placement machines, screen

printers, dispensers and storage systems

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 Pioneer of extremely fast modular placement machines like RS-1R

and RX-7R

 Advanced software powered by AI, IoT and data analytics

 Highly configurable solutions for low volume, high mix production

 Over 180,000 machines installed in more than 30 countries

With its intelligent and precise technologies, JUKI continues to evolve as a

leading SMT equipment manufacturer worldwide.

5. Panasonic Factory Solutions

Panasonic Factory Solutions Company offers a wide range of SMT

equipment under its Panasert brand. Its history traces back to the era of

vacuum tube manufacturing in 1929.

Key facts about Panasonic Factory Solutions:

 Broad portfolio of pick-and-place machines, screen printers,

soldering robots and AOI inspection

 Market leader in chip shooters and solder paste inspection

equipment

 High-precision linear motor technologies for ultra-high accuracy

 Advanced software and data analytics capabilities

 Cutting-edge solutions like laser soldering integrated in the

equipment line-up

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With its innovative solutions and Japanese technology heritage, Panasonic

Factory Solutions remains as a trusted and leading SMT equipment brand.

6. Universal Instruments

Universal Instruments is among the pioneers and leading innovators in

SMT assembly and semiconductor test automation. The company was

founded in 1959.

Some key facts:

 Extensive range of pick-and-place machines, screen printers,

dispensers and conveyor systems

 Market leader in surface mount assembly of semiconductors

and microelectronics

 Pioneer of breakthrough technologies like multi-shuttle transport

and 3D packaging

 Advanced software powered by machine learning

and IIoT connectivity

 Install base of over 25,000 machines across the electronics industry

With a long history of innovation excellence, Universal Instruments

continues to shape the SMT manufacturing landscape.

7. Mycronic

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Mycronic is a Swedish high-tech SMT and precision technologies company

with a diverse portfolio of assembly equipment, test systems, dispensing

solutions, mask writers and software.

Key facts about Mycronic:

 Offers MYSmart and MYPro series of modular SMT assembly lines

 Leading supplier of jet dispensing technologies for precision

dispensing

 Cutting-edge solutions for Industry 4.0 manufacturing powered by

AI and ML

 Pioneer in photomask writing equipment for displays and

semiconductors

 Strong presence in multiple industries – electronics, aerospace,

medical, automotive

Mycronic provides state-of-the-art technologies that enable smart and

adaptive SMT manufacturing.

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8. Electro Scientific Industries

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ESI is a leading supplier of laser-based manufacturing solutions for flexible

PCB processing, microelectronics and semiconductor fabrication. It’s a

global leader in flex PCB laser processing equipment.

Key facts about ESI:

 Offers extensive range of flexible PCB laser processing systems

 Advanced laser drilling, structuring, cutting and ablation

technologies

 High precision solutions for flex PCB processing used widely in

smartphones, wearables and medical devices

 Also supplies wafer scribing equipment and UV laser drilling

machines

 More than 35,000 system installations across multiple industries

ESI enables flex PCB manufacturers and electronics companies to better

leverage the advantages of laser-based SMT production.

9. Fuji Machine Manufacturing

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Fuji provides a wide range of SMT equipment including high-speed

placement machines, screen printing and AOI inspection systems. The

company was established in 1948.

Some key facts about Fuji:

 Leading supplier of high-speed chip mounters capable of 50,000

cph

 Offers highly versatile lines of pick-and-place and screen printing

machines

 Advanced AOI technologies for print and post-placement inspection

 Smart software solutions powered by AI and big data analytics

 10,000+ machine installations worldwide

Fuji Machine is dedicated to constantly advancing its SMT portfolio to

accelerate smart electronics production.

10. Aurotek Corporation

Aurotek is aTaiwan-based high-precision SMT equipment manufacturer

supplying pick-and-place, dispenser, printer and coating/developing

machines.

Key facts about Aurotek:

 High-speed, high-accuracy and ultra-flexible placement machines

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 Advanced dispensing technologies for miniature components

 High-quality printing and inspection equipment to support SMT

lines

 Custom engineered solutions for demanding NPI and low/medium

volume production

 Expanding rapidly worldwide backed by its excellent value

proposition

With its versatile equipment portfolio and competitive advantages,

Aurotek completes the top 10 list of leading SMT manufacturers in 2023.

Comparison of Top SMT Manufacturers

Manufacturer Country Product Portfolio Key Technologies Install Base

Rayming Tech China Extensive – SMT lines, soldering, post-SMT Modular platforms, open architecture 15,000+

ASM Germany SIPLACE placement, printers, dispensers Intelligent manufacturing software 285,000+

Yamaha Japan High-speed chip shooters, printers, coaters Multi-function heads, linear motors 18,000+

JUKI Japan Modular high-speed placement, printers AI-driven software, QSFP feeding 180,000+

Panasonic Japan Placement, printing, soldering, AOI Laser soldering, 3D sensing 100,000+

Universal U.S. Surface mount and semiconductor solutions Multi-shuttle transport, 3D 25,000+
packaging

Mycronic Sweden MYSmart modular lines, jet dispensing Adaptive manufacturing, Industry 4.0 10,000+

ESI U.S. Laser processing systems for flex PCB Laser drilling, structuring, cutting 35,000+

Fuji Japan High-speed chip shooters, screen printers AI-driven software suite 10,000+

Aurotek Taiwan High-speed accurate placement, dispensing Miniature component solutions 5,000+

SMT Manufacturer Selection Criteria

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While the top equipment manufacturers profiled here represent the most

popular choices, the ideal SMT partner ultimately depends on specific

needs and production environment of EMS companies.

Some key aspects to consider during SMT manufacturer selection:

Production Volume – High-volume, low-mix lines demand high throughput

solutions whereas low-volume, high-mix needs flexible equipment.

Product Mix – The component types, board sizes, densities and materials

determine equipment capabilities needed.

Budget – Balance equipment capabilities and total cost of ownership.

Future Plans – Scalable solutions that support evolving production needs.

Process Maturity – Supplier offering optimal technologies for the

company’s process expertise level.

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Software & Analytics – Intelligent software ecosystem for data-driven

improvements.

Service & Support – Strong local presence and responsiveness of supplier.

Industry Expertise – Domain expertise for manufacturing specific product

types or industries.

Matching equipment capabilities to current and future production needs

while selecting the right SMT partner is key to long-term success.

SMT Technology Trends Shaping the Future

The SMT manufacturing landscape continues advancing rapidly, driven by

trends like:

 Smarter Machines – AI-enabled equipment offering higher yields,

uptime, optimizing processes real-time.

 Flexible Automation – Quick changeover, rapid prototyping and

efficient low volume production.

 Advanced Materials – Innovations in PCBs, substrates, components

enabling miniaturization.

 Heterogenous Integration – Leveraging multi-die packaging,

2.5D/3D interconnects.

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 Continuous Improvement – Data-driven process enhancements and

predictive maintenance.

 Sustainable Production – Energy efficiency, lower emissions and

waste reduction.

Leading SMT suppliers are integrating these futuristic industry trends into

current solutions while also developing next-gen platforms aligned with

the smart factory vision.

Conclusion

This overview of the top 10 SMT manufacturing companies in 2023

provides insights into the global technology leaders driving innovation in

the industry. While Rayming, ASM, Yamaha and JUKI continue to lead in

market share, companies like Panasonic, Universal Instruments, Mycronic,

Fuji and Aurotek are advancing rapidly with their cutting-edge capabilities.

For EMS companies, selecting the ideal SMT partner involves matching

equipment capabilities to current and future needs. The manufacturing

trends point towards an exciting future defined by flexible automation,

data-driven intelligence and sustainability. With rapid ongoing advances in

SMT equipment, materials and software, the electronics manufacturing

industry is poised for disruption.

Top 10 SMT Manufacturers in 2023 – FQA

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Q1. Who is the largest SMT equipment manufacturer globally?

Rayming Technology is currently the largest SMT equipment manufacturer

worldwide owing to its diverse product portfolio, large install base,

constant innovations and competitive value proposition.

Q2. Which companies are leading in pick-and-place machines?

The top pick-and-place equipment suppliers are ASM Assembly Systems,

Yamaha Motor IM, JUKI, Panasonic Factory Solutions and Fuji Machine

Manufacturing. They provide extremely fast, precise and flexible chip

shooters.

Q3. Who are the prominent manufacturers of solder paste inspection equipment?

For solder paste inspection, the leading companies are Koh Young, Test

Research Inc., Mirtec and ViTrox Corporation. They offer high-accuracy 2D

and 3D AOI technologies.

Q4. What are some key technology trends shaping SMT manufacturing?

Major SMT technology trends are smarter equipment based on AI and

advanced software, flexible and adaptive automation, advanced PCBs and

packaging, data-driven analytics, and sustainable manufacturing

processes.

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Q5. What criteria should be used to select an SMT manufacturing partner?

Key SMT partner selection criteria include production volume, product mix,

budget, scalability, process maturity, software capabilities, service &

support levels, and industry expertise. The ideal partner is one perfectly

matched to current and future needs.

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