Surface Mount Technology (SMT) Market Worth $8.4 Billion by 2028
The surface mount technology (SMT) market is projected to grow from USD 5.8 billion in 2023 to reach USD 8.4 billion by 2028; it is expected to grow at a CAGR of 7.8% during the forecast period according to a new report by MarketsandMarkets™. Some of the major driving factors for the growth of this market include the increased demand for miniaturized consumer electronics products and the increasing adoption of electric vehicles.
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