Lucintel's latest market report analyzed that surface mount technology carrier tape provides attractive opportunities in consumer electronic, communication, healthcare, automotive, and industrial applications. The surface mount technology carrier tape market is expected to reach $203.7 million by 2028 with a CAGR of 8.6%. In this market, plastic tapes is the largest segment by product type, whereas consumer electronics is largest by application.
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Based on product type, the surface mount technology carrier tape market is segmented into plastic tapes and paper tapes. The plastic tapes segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during 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.
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The Surface Mount Technology Carrier Tape Market is marked by the presence of several big and small players. Some of the prominent players offering surface mount technology carrier tape include 3M, Advantek, Taiwan Carrier Tape, Oji F-Tex, C-Pak Pte, Laser Tek Taiwan, and Nihon Matai.
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