China’s SMT Placement Machine Market To Reach ¥220 Billion in 2023, Driven By 5G And Automotive Electronics

China's SMT placement machine market grew to ¥210 billion in 2022 and is projected to exceed ¥220 billion in 2023, fueled by 5G infrastructure expansion and rising demand for automotive electronics. Domestic manufacturers like Shanghai Modern Technology and Shenzhen Xingtu Tech are expanding production, though high-end machines remain import-dependent