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According to a market report by Lucintel, the future of the surface mount technology carrier tape market looks promising with opportunities in consumer electronic, communication, healthcare, automotive, and industrial applications. The global surface mount technology carrier tape market is expected to reach an estimated $203.7 million by 2028 with a CAGR of 8.6% from 2023 to 2028. The major drivers for this market are rising demand for consumer electronics, significant growth in the automotive industry, and increasing trend of miniaturization in electronic devices across the globe.



In this market, plastic tape and paper tape are the two major product type segments. Lucintel forecasts that plastic tapes will remain a larger product type segment over the forecast period because they are widely used in the electronic industry as they are cost-effective and are available in conductive versions so as to protect electrostatically sensitive components.



Within this market, consumer electronics is expected to remain the largest application segment due to the increasing use of these tapes in electronic devices, such as refrigerators, induction cookers, and washing machines, in order to deliver heat resistance and enhance durability.



APAC will remain the largest region due to increasing automotive production and growing demand for consumer electronics and communication products in countries, such as China, India, Japan, South Korea, and Taiwan.

3M, Advantek, Taiwan Carrier Tape, Oji F-Tex, C-Pak Pte, Laser Tek Taiwan, and Nihon Matai are the major suppliers in the global surface mount technology carrier tape market.  



Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global surface mount technology carrier tape market by product type, application, and region. Lucintel has compiled a comprehensive research report entitled “Growth Opportunities in the Global Surface Mount Technology Carrier Tape Market 2023-2028: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global surface mount technology carrier tape market by product type, application, and region, as follows:

 

This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or email us at helpdesk@lucintel.com.

 

Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. Lucintel offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

 

Q.1. What are some of the most promising, high-growth opportunities for the global surface mount technology carrier tape market by product type (plastic tape and paper tape), application (consumer electronics, communication, healthcare, automotive, industrial, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last five years and what has its impact been on the industry?