North America Soldering in Electronics Assembly Market Forecast to 2028 -Regional Analysis - by Product (Wire, Paste, Bar, Flux, Bar, and Others)

Description

List of Tables

The North America soldering in electronics assembly market is expected to grow from US$ 603.85 million in 2023 to US$ 769.72 million by 2028. It is estimated to grow at a CAGR of 5.0% from 2023 to 2028.

New Product Developments is Fueling North America Soldering in Electronics Assembly Market

With the growing electronic industry, there is a demand for connecting materials with better thermal conductivity and reduced electrical resistivity. Enhanced features of connectivity materials improve the performance of electronic devices and components. Therefore, due to the rising demand for soldering products, market players are engaged in developing new solder products that offer improved performance and enhanced process efficiency. Some of the new product launches have been done by market players in recent years. For instance, in March 2021, MacDermid Alpha Electronics Solutions unveiled ALPHA OM-220, an ultra-low temperature solder pastes capable of soldering heat-sensitive components. This paste exhibits excellent electrical reliability and low voiding characteristics. It can be used in various applications, such as consumer electronics, automotive, and medical devices. Similarly, In October 2022, KOKI Company Ltd unveiled S3X58-HF1100-3, a halogen-free solder pastes with multi-feature soldering. This solder paste incorporates powerful wetting and flux coagulation techniques, improving the overall soldering performance and making it ideal for general-purpose applications. Such product developments are contributing to the demand for technologically improved products, further propelling the North America soldering in electronics assembly market growth.

North America Soldering in Electronics Assembly Market Overview

Based on country, the North America soldering in electronics assembly market is segmented into the US, Canada, and Mexico. The region homes several electronics manufacturers engaged in the constant innovation and development of new products to increase their market share across the world. This factor is driving the North American market growth. A few major electronics manufacturing companies across the region are Benchmark Electronics, Inc.; Celestica Inc.; Creation Technologies LP; Key Tronic Corporation; and Sanmina Corporation. Soldering plays a crucial role in electronic manufacturing as it helps in keeping several components attached to each other. Thus, the wide presence of electronics manufacturers across North America is fueling the soldering in electronics assembly market growth in the region. North America has a strong medical device manufacturing industry. The region comprises major medical device manufacturers such as Johnson & Johnson, Abbott, Baxter, Danaher, and General Electric. These companies constantly invest in the development of new medical devices to enhance the global healthcare system. In November 2022, Canon Medical Components U.S.A., Inc. announced the launch of its new Canon CXDI-Pro wireless digital radiography systems in the US. The rising medical device manufacturing across North America is propelling the demand for soldering, thereby contributing to the growth of the soldering in electronics assembly market in the region. Additionally, the automotive industry across North America contributes significantly to the region's GDP. North American countries have reported a rise in automotive manufacturing, including electric vehicles and automated vehicles. The following figure shows the increasing vehicle production volume across North America (source: International Organization of Motor Vehicle Manufacturers).

North America Soldering in Electronics Assembly Market Revenue and Forecast to 2028 (US$ Million)

North America Soldering in Electronics Assembly Market Segmentation

The North America soldering in the electronics assembly market is bifurcated into product and country.

Based on the product, the North America soldering in electronics assembly market is segmented into wire, paste, bar, flux, and others. The wire segment held the largest share of the North America soldering in the electronics assembly market in 2023.

Based on country, the North America soldering in electronics assembly market has been categorized into the US, Canada, and Mexico. Our regional analysis states that the US dominated the North America soldering in the electronics assembly market in 2023.

AIM Metals & Alloys LP, Fusion Inc, Indium Corp, KOKI Co Ltd, Lucas-Milhaupt Inc, MacDermid Alpha Electronics Solutions, Nathan Trotter & Co Inc, S-Bond Technologies LLC, and Superior Flux & Manufacturing Co are the leading companies operating in the North America soldering in electronics assembly market.

Reasons to Buy:

Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the North America soldering in electronics assembly market.
Highlights key business priorities to assist companies to realign their business strategies
The key findings and recommendations highlight crucial progressive industry trends in the North America soldering in electronics assembly market, thereby allowing players across the value chain to develop effective long-term strategies
develop/modify business expansion plans by using substantial growth offering developed and emerging markets
Scrutinize in-depth North America market trends and outlook coupled with the factors driving the soldering in electronics assembly market, as well as those hindering it
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution

Product Code: BMIRE00028638

1. Introduction

1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology

3.1 Coverage
3.2 Secondary Research
3.3 Primary Research

4. North America Soldering in Electronics Assembly Market Landscape

4.1 Market Overview
4.2 North America PEST Analysis
4.3 Expert Opinions

5. North America Soldering in Electronics Assembly Market - Key Market Dynamics

5.1 Market Drivers
- 5.1.1 Growth of Electronic Industry
- 5.1.2 New Product Developments
5.2 Market Restraints
- 5.2.1 Increased Cost of Raw Materials
5.3 Market Opportunities
- 5.3.1 Increase in Miniaturization in Electronic Industry
5.4 Future Trends
- 5.4.1 Robotics in Soldering
5.5 Impact Analysis of Drivers and Restraints

6. Soldering in Electronics Assembly Market - North America Analysis

6.1 North America Soldering in Electronics Assembly Market Overview
6.2 North America Soldering in Electronics Assembly Market Revenue Forecast and Analysis

7. North America Soldering in Electronics Assembly Market Analysis - By Product

7.1 Overview
7.2 North America Soldering in Electronics Assembly Market, By Product (2022 and 2028)
7.3 Wire
- 7.3.1 Overview
- 7.3.2 Wire: Soldering in Electronics Assembly Market Revenue and Forecast To 2028 (US$ Million)
7.4 Paste
- 7.4.1 Overview
- 7.4.2 Paste: Soldering in Electronics Assembly Market Revenue and Forecast To 2028 (US$ Million)
7.5 Bar
- 7.5.1 Overview
- 7.5.2 Bar: Soldering in Electronics Assembly Market Revenue and Forecast To 2028 (US$ Million)
7.6 Flux
- 7.6.1 Overview
- 7.6.2 Flux: Soldering in Electronics Assembly Market Revenue and Forecast To 2028 (US$ Million)
7.7 Others
- 7.7.1 Overview
- 7.7.2 Others: Soldering in Electronics Assembly Market Revenue and Forecast To 2028 (US$ Million)

8. North America Soldering in Electronics Assembly Market - Country Analysis

8.1 Overview
- 8.1.1 North America: Soldering in Electronics Assembly Market, by Key Country
  - 8.1.1.1 US: Soldering in Electronics Assembly Market - Revenue and Forecast to 2028 (US$ Million)
    - 8.1.1.1.1 US: Soldering in Electronics Assembly Market, By Product
  - 8.1.1.2 Canada: Soldering in Electronics Assembly Market - Revenue and Forecast to 2028 (US$ Million)
    - 8.1.1.2.1 Canada: Soldering in Electronics Assembly Market, By Product
  - 8.1.1.3 Mexico: Soldering in Electronics Assembly Market - Revenue and Forecast to 2028 (US$ Million)
    - 8.1.1.3.1 Mexico: Soldering in Electronics Assembly Market, By Product

9. Industry Landscape

9.1 Overview
9.2 Market Initiative
9.3 Product Development
9.4 Mergers & Acquisitions

10. Company Profiles

10.1 Lucas-Milhaupt Inc
- 10.1.1 Key Facts
- 10.1.2 Business Description
- 10.1.3 Products and Services
- 10.1.4 Financial Overview
- 10.1.5 SWOT Analysis
- 10.1.6 Key Developments
10.2 S-Bond Technologies LLC
- 10.2.1 Key Facts
- 10.2.2 Business Description
- 10.2.3 Products and Services
- 10.2.4 Financial Overview
- 10.2.5 SWOT Analysis
- 10.2.6 Key Developments
10.3 Fusion Inc
- 10.3.1 Key Facts
- 10.3.2 Business Description
- 10.3.3 Products and Services
- 10.3.4 Financial Overview
- 10.3.5 SWOT Analysis
- 10.3.6 Key Developments
10.4 Indium Corp
- 10.4.1 Key Facts
- 10.4.2 Business Description
- 10.4.3 Products and Services
- 10.4.4 Financial Overview
- 10.4.5 SWOT Analysis
- 10.4.6 Key Developments
10.5 KOKI Co Ltd
- 10.5.1 Key Facts
- 10.5.2 Business Description
- 10.5.3 Products and Services
- 10.5.4 Financial Overview
- 10.5.5 SWOT Analysis
- 10.5.6 Key Developments
10.6 Superior Flux & Manufacturing Co
- 10.6.1 Key Facts
- 10.6.2 Business Description
- 10.6.3 Products and Services
- 10.6.4 Financial Overview
- 10.6.5 SWOT Analysis
- 10.6.6 Key Developments
10.7 MacDermid Alpha Electronics Solutions
- 10.7.1 Key Facts
- 10.7.2 Business Description
- 10.7.3 Products and Services
- 10.7.4 Financial Overview
- 10.7.5 SWOT Analysis
- 10.7.6 Key Developments
10.8 Nathan Trotter & Co Inc
- 10.8.1 Key Facts
- 10.8.2 Business Description
- 10.8.3 Products and Services
- 10.8.4 Financial Overview
- 10.8.5 SWOT Analysis
- 10.8.6 Key Developments
10.9 AIM Metals & Alloys LP
- 10.9.1 Key Facts
- 10.9.2 Business Description
- 10.9.3 Products and Services
- 10.9.4 Financial Overview
- 10.9.5 SWOT Analysis
- 10.9.6 Key Developments

11. Appendix

11.1 About The Insight Partners
11.2 Word Index