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North America Soldering in Electronics Assembly Market Forecast to 2028 -Regional Analysis

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    Report

  • 145 Pages
  • July 2023
  • Region: North America
  • The Insight Partners
  • ID: 5888105
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.

Table of Contents

1. Introduction
1.1 Study Scope
1.2 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 Publisher
11.2 Word Index
List of Tables
Table 1. North America Soldering in Electronics Assembly Market Revenue and Forecast to 2028 (US$ Million)
Table 2. US: Soldering in Electronics Assembly Market, By Product - Revenue and Forecast to 2028 (US$ Million)
Table 3. Canada: Soldering in Electronics Assembly Market, By Product - Revenue and Forecast to 2028 (US$ Million)
Table 4. Mexico: Soldering in Electronics Assembly Market, By Product - Revenue and Forecast to 2028 (US$ Million)
Table 5. List of Abbreviation
List of Figure
Figure 1. North America Soldering in Electronics Assembly Market Segmentation
Figure 2. North America Soldering in Electronics Assembly Market Segmentation - By Country
Figure 3. North America Soldering in Electronics Assembly Market Overview
Figure 4. North America Soldering in Electronics Assembly Market, by Product
Figure 5. North America Soldering in Electronics Assembly Market, by Country
Figure 6. North America - PEST Analysis
Figure 7. North America Soldering in Electronics Assembly Market: Impact Analysis of Drivers and Restraints
Figure 8. North America Soldering in Electronics Assembly Market Revenue Forecast and Analysis (US$ Million)
Figure 9. North America Soldering in Electronics Assembly Market, By Product (2022 and 2028)
Figure 10. Wire: North America Soldering in Electronics Assembly Market Revenue and Forecast to 2028 (US$ Million)
Figure 11. Paste: North America Soldering in Electronics Assembly Market Revenue and Forecast to 2028 (US$ Million)
Figure 12. Bar: North America Soldering in Electronics Assembly Market Revenue and Forecast to 2028 (US$ Million)
Figure 13. Flux: North America Soldering in Electronics Assembly Market Revenue and Forecast to 2028 (US$ Million)
Figure 14. Others: North America Soldering in Electronics Assembly Market Revenue and Forecast to 2028 (US$ Million)
Figure 15. North America: Soldering in Electronics Assembly Market, by Key Country - Revenue (2022) (US$ \'Million)
Figure 16. North America: Soldering in Electronics Assembly Market Revenue Share, by Key Country (2022 & 2028)
Figure 17. US: Soldering in Electronics Assembly Market - Revenue and Forecast to 2028 (US$ Million)
Figure 18. Canada: Soldering in Electronics Assembly Market - Revenue and Forecast to 2028 (US$ Million)
Figure 19. Mexico: Soldering in Electronics Assembly Market - Revenue and Forecast to 2028 (US$ Million)

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • 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
  • Superior Flux & Manufacturing Co

Table Information