Global Selective Soldering Market Is Projected To Register A Substantial CAGR Of 6.5% By 2026

Global selective soldering market is projected to register a substantial CAGR of 6.5% in the forecast period of 2019-2026 due to increase in the intense research and development and rise in the lead free solders act as a catalyst.

Global Selective Soldering Market By Product (Lead-free Solders, Lead Solders), End-User (Networking and Communication, Consumer Electronics, Automotive, Medical, Industrial, and Instrumentation, Aerospace and Defense, Others), Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa) – Industry Trends and Forecast to 2026 – Industry Trends and Forecast to 2026.

Market Analysis: Global Selective Soldering Market

Global selective soldering market is projected to register a substantial CAGR of 6.5% in the forecast period of 2019-2026 due to increase in the intense research and development and rise in the lead free solders act as a catalyst.

Market Definition: Global Selective Soldering Market

Soldering is a process of joining two or more components by melting or adding a filler metal. The process of selectively soldering components on a printed circuit board (PCBs) through surface mount technology (SMT) which is damaged by the heat is defined as selective soldering. A great precision is required while using selective soldering to avoid damaging. The factors enhancing the growth of selective soldering market are simplification in programming, flexibility in innovations and increase in complexity of PCBs etc.

 

Market Drivers:

  • Increase in the intense research and development of selective soldering
  • Rise in the lead free solders act as a catalyst
  • Simplified programming and innovations has driven the market
  • Rise in demand from the automobile industry due to decrease in interest rate for auto loans

Market Restraints:

  • Intense competition due to presence of alternatives might hamper the market
  • High cost of selective soldering machines can hinder the market
  • Adoption of advanced soldering processes is slow in developing countries which may act as a restraint to market

Segmentation: Global Selective Soldering Market

By Product

  • Lead-free Solders
  • Lead Solders

By End-User

  • Networking and Communication
  • Consumer Electronics
  • Automotive, Medical, Industrial, and Instrumentation
  • Aerospace and Defense
  • Others

Key Developments in the Market

  • In February 2017, InterSelect GmbH which is a designer and manufacturer of selective soldering had been acquired by the Nordson Corporation. Nordson Corporation aimed to broaden its selective soldering capabilities for the electronics assembly customers through the acquisition.
  • In January 2017, Nordon Corporation acquired the assets of ACE Production Technologies Inc. ACE would operate a new line of segment under the Nordon Corporation by serving the same customers. Together they would penetrate more in the electronics market such as aerospace, industrial automation, and appliances.

Competitive Analysis

Global selective soldering market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of selective soldering market for Global, Europe, North America, Asia Pacific and South America.

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Major Market Competitors/Players

Few of the major competitors currently working global selective soldering market are RPS Automation, SEHO Systems GmbH, Pillarhouse International, manncorp.com, Nordson Corporation, SMTnet, Juki Americas, BLUNDELL PRODUCTION EQUIPMENT LTD, Illinois Tool Works Inc., DDM Novastar Inc, JAPAN UNIX, JUKI CORPORATION, Shenzhen JT Automation Equipment Co. Ltd., Tai’an Puhui Electric Technology Co. Ltd., Tamura-HA.com  and others.

 

About Data Bridge Market Research 12189 Articles
Hi, I am Ravi Kumar, a Blogger, Freelancer, SEO Consultant, an Internet Marketer, I am a research analyst who loves to evaluate data relating to Manufacturing industry, Management of companies and enterprises, Finance and insurance, Wholesale trade, Management, scientific, and technical consulting services

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