The global selective soldering equipment market size is poised to grow by USD 30.03 million during 2019-2023, according to a new report by Technavio, progressing at a CAGR of close to 10% during the forecast period.
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Technavio has announced its latest market research report titled global selective soldering equipment market 2019-2023. (Graphic: Business Wire)
Read the 132-page research report with TOC on “Selective Soldering Equipment Market Analysis Report by application (networking and communication, consumer electronics, automotive, medical, industrial, and instrumentation, and aerospace and defense), and geography (APAC, North America, Europe, South America, and MEA) 2019 – 2023″. Request a Free Sample Report
The market is driven by the rise in electronics production across the world. In addition, the growing electronic content in automobiles is expected to further boost the growth of the selective soldering equipment market.
The electronics industry is growing at a significant rate across the world. The increasing demand for advanced electronics equipment is mainly attributed to the need for high-speed processing of vast amounts of data due to advances in IoT. This will lead to the increased adoption of selective soldering equipment as they are used in manufacture of high functionality equipment. Thus, increasing production of electronics will drive the growth of the selective soldering equipment market during the forecast period.
Electronic content is increasingly being adopted in modern vehicles owing to developments in ADAS, telematics, autonomous vehicles, vehicle-to-vehicle, digital cockpit, communication, and electric vehicles. The manufacture of advanced electronic systems used in modern vehicles requires precise and reliable soldering equipment such as selective soldering equipment. Thus, the growth of electronic content in automobiles will further drive the adoption of selective soldering equipment during the forecast period.
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The report includes detailed profiles of the leading companies & prominent vendors of the market:
- EBSO GmbH
- Hentec Industries Inc.
- Illinois Tool Works Inc.
- JAPAN UNIX Co. Ltd.
- Juki Corp.
- Kurtz Holding GmbH & Co. Beteiligungs KG
- Nordson Corp.
- Pillarhouse International Ltd.
- SEHO Systems GmbH
- Seika Corp.
Market Segmentation by Product:
The selective soldering equipment market can be broadly categorized into the following segments:
- Networking and communication
- Consumer electronics
- Medical, industrial, and instrumentation
- Aerospace and defense
Key Regions for the Selective Soldering Equipment Market:
Featuring a breakdown of region-wise market shares until 2019.
- North America
- South America
Some of the key topics covered in the report include:
- Market ecosystem
- Market characteristics
- Market segmentation analysis
- Market definition
- Market size and forecast
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more. Request a free sample report
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