At 5.0% CAGR, the North America Soldering in Electronics Assembly Market is projected to be worth US$ 769.72 million by 2028, says The Business Market Insights

According to the Business Market Insights’ research, the North America soldering in electronics assembly market was valued at US$ 603.85 million in 2023 and is expected to reach US$ 769.72 million by 2028, registering a CAGR of 5.0% from 2023 to 2028. Growth of electronic industry and new product developments are the critical factors attributed to the North America soldering in electronics assembly market expansion.      

Soldering plays a vital role in strengthening the mechanical and electrical bonds of electronic components and devices. The increase in demand for soldering in electronics assembly is directly associated with the growth of the electronic industry. Growing urbanization and rising disposable income in the region contribute to the growth of the consumer electronics market. The growth in individual’s disposable income increases the standard of living that contribute to the strong purchasing power of consumer electronics such as television, refrigerator, and microwave. This factor propels the electronic industry in the region. The rise in government initiatives to boost domestic production output plays a crucial role in driving the electronic industry. Several initiatives by the government attract electronic manufacturers to set up units in the region, fueling the growth of the electronic industry. Soldering is widely used in printed circuit board (PCB) assembly. PCBs are widely used in medical devices, LEDs, consumer electronics, industrial equipment, automotive components, aerospace components, telecommunication equipment, and more. Thus, the growth of the electronics industry contributes to North America soldering in electronics assembly market expansion.  

On the contrary, increased cost of raw materials hurdles the growth of North America soldering in electronics assembly market.  

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 33.9% share of North America soldering in electronics assembly market in 2023, amassing US$ 204.71 million. It is projected to garner US$ 273.84 million by 2028 to expand at 6.0% CAGR during 2023–2028.    

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 captured 71.6% share of North America soldering in electronics assembly market in 2023. It was assessed at US$ 432.22 million in 2023 and is likely to hit US$ 562.20 million by 2028, exhibiting a CAGR of 5.4% during the forecast period.      

Key players dominating the North America soldering in electronics assembly market are 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 among others.      

• In 2021, Soldering equipment manufacturer Weller launched a new soldering station, the WXMT Micro-Soldering Station, which is designed for precision soldering on small components like mobile phone connectors and flex cables.        
• In 2020, Soldering equipment manufacturer Metcal launched a new soldering and rework system, the CV-5200 Connection Validation Soldering System, which uses advanced software and sensors to ensure consistent and reliable solder joints.

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