MUMBAI, April 10 /PRNewswire/ --     A major thrust for electronics manufacturing in recent years
has paved the way for a significant influx of original equipment
manufacturers and electronic manufacturing services (EMS) companies in India.
Today most of the global majors in EMS have a presence in the country. The
growing demand in manufacturing of electronic products directly influences
the sale of surface mount technologies (SMT) equipment. The SMT equipment
market is witnessing steady growth bolstered by the demand from various end
user sectors such as communications, consumer, industrial, automotive and
medical where electronics penetration has been on the rise.

New analysis from Frost & Sullivan (http://www.smt.frost.com),
Indian Surface Mount Technologies Market, finds that the market earned
revenues of $54.1 million in 2008 and estimates this to reach $88.8 million
in 2012 growing at a CAGR of 13.2 percent.

If you are interested in a virtual brochure, which provides a
brief synopsis of the research and a table of contents, then send an e-mail
to Ravinder Kaur/ Nimisha Iyer, Corporate Communications, at
ravinder.kaur@frost.com/ niyer@frost.com, with your full name, company name,
title, telephone number, company e-mail address, company website, city, state
and country. Upon receipt of the above information, a brochure will be sent
to you by e-mail.

The Electronics and Security Practice at Frost & Sullivan will
also be hosting a complimentary Analyst Briefing on the SMT Equipment Market
in the Electronics Manufacturing Process. The presentation will be held on
Thursday, 16th April 2009 at 3 p.m. IST. If you are interested in attending
this Analyst briefing then send an e-mail to Ravinder Kaur, Corporate
Communications, at ravinder.kaur@frost.com, with your full name, company
name, title, telephone number, company e-mail address, company website, city,
state and country.

"Availability of cost effective and skilled labor is
positioning India as a preferred destination for EMS and OEM companies,"
explains Frost & Sullivan Research Analyst Bharath K. "With an increase in
the perks awarded to foreign direct investments (FDI) by the government of
India, many of the global companies are anticipated to set up their
manufacturing facilities in the country, thereby augmenting the demand for
SMT equipment."

Telecom and automotive are the most prominent industries in
India, contributing significantly to the country's GDP, and this expected to
continue in the coming years. The mobile revolution and increasing
attractiveness of technologies such as WiMax, and VOIP is necessitating
indigenous manufacturing of the various telecom products such as handsets,
base stations, modems and VOIP phones thus creating demand for SMT equipment.

The automotive industry too is replacing its older technology
equipment with more advanced technology that includes numerous electronic
components and control units. The local manufacturing of the automotive
electronic products is seen as further driving the need for SMT equipment to
improve efficiency in the production process.

However, increase in the usage of miniature printed circuit
boards (PCBs) in various application segments forces the SMT equipment
vendors to develop and offer cost effective and high technology solutions to
their OEM and EMS customers. The continuous evolution of the electronics
manufacturing processes compels SMT equipment suppliers to keep themselves
abreast of these developments and upgrade their products accordingly. This
makes the market more challenging as SMT equipment suppliers need to provide
the most advanced equipment but at competitive prices.

Value added services are a major differentiator in the SMT
market enabling equipment suppliers to keep their prices at a marginal
premium while being a major selection criterion that customers look for.

"SMT equipment vendors need to strike the right balance
between technology and price in order to gain a competitive edge," explains
Bharath. "The best strategy in pricing lies in being cost effective while
ensuring provision of value adding services for customers."

Despite the recent slowdown in demand caused by global
economic conditions and technology upgrades, the SMT equipment markets in
India are expected to rebound. There are ample indicators for strong growth
in the SMT placement, screen printers, soldering, and inspection equipment
product markets.

Indian Surface Mount Technologies Market is part of the
Surface Mount Technology Growth Partnership Services program, which also
includes research in the following markets: Indian SMT Placement Equipment
Market, Indian SMT Inspection Equipment Market, Indian SMT Soldering
Equipment Market, Indian SMT Screen Printers & Glue Dispensers Equipment
Market. Indian SMT Cleaning Equipment Market. All research services included
in subscriptions provide detailed market opportunities and industry trends
that have been evaluated following extensive interviews with market
participants. Interviews with the press are available.

Frost & Sullivan, the Growth Partnership Company, enables
clients to accelerate growth and achieve best in class positions in growth,
innovation and leadership. The company's Growth Partnership Service provides
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partnering with Global 1000 companies, emerging businesses and the investment
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please visit http://www.frost.com.

Indian Surface Mount Technologies Market

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Contact:
    Ravinder Kaur
    Corporate Communications - South Asia
    P: +91-44-42044760
    F: +91-44-24314264
    E: ravinder.kaur@frost.com

    Tanu Chopra
    Corporate Communications - Middle East
    P: +91-22-4001-3437
    F: +91-22-2832-4713
    E: tanuc@frost.com

    Nimisha Iyer
    Corporate Communications - South Asia & Middle East
    P: +91-22-40013400
    F: +91-22-2832 4713
    E: niyer@frost.com

    http://www.frost.com