Soldering in Electronics Assembly Market Size Report – Global Forecasts 2028

Soldering in Electronics Assembly Market Forecast to 2028 - Global Analysis By Product (Wire, Paste, Bar, Flux, and Others)

  • Report Code : TIPRE00029876
  • Category : Electronics and Semiconductor
  • Status : Published
  • No. of Pages : 119

Soldering in Electronics Assembly Market Size Report – Global Forecasts 2028

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[Research Report] The soldering in electronics assembly market is expected to grow from US$ 2,001.96 million in 2023 to US$ 2,624.71 million by 2028; it is estimated to register a CAGR of 5.6% from 2023 to 2028.

The miniaturization of electronic components plays an important role in the electronic industry. It helps save space so that additional parts or technology can be integrated, or the overall size of consumer electronics, medical devices, automobiles, and more can be reduced. For instance, the reduced size of batteries helps with computer miniaturization. Moreover, miniaturization helps save the cost of the overall material used. For the miniature components, less material is used for the soldering, which helps to save the cost on the material used compared to normal-size components or devices. Such benefits of miniaturization are fueling the demand for this technique in the electronics market. Moreover, the demand for solder pastes with smaller metal particle sizes for miniaturization propels the soldering in electronics assembly market growth. France-based INVENTEC provides Ecorel Free JP32 and Ecorel Free HT 235-16LVD solder paste, which can be used in miniaturization for ultra-fine pitch electronics manufacturing applications. The company is developing more solder paste products due to the growing demand for miniaturization. Thus, an increase in miniaturization in the electronic industry is expected to provide growth opportunities for the soldering in electronics assembly market.

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Soldering in Electronics Assembly Market: Strategic Insights

Soldering in Electronics Assembly Market
  • CAGR
    CAGR (2023 - 2028)
    5.6%
  • Market Size 2023
    US$ 2 Billion
  • Market Size 2028
    US$ 2.62 Billion

Market Dynamics

GROWTH DRIVERS
  • Growth of Electronic Industry
  • New Product Developments
FUTURE TRENDS
  • Robotics in Soldering
OPPORTUNITIES
  • Increase in Miniaturization in Electronic Industry

Key Players

  • Lucas Milhaupt Inc
  • GENMA Europe GmbH
  • S Bond Technology
  • Fusion Incorporated
  • Indium Corporation
  • KOKI Company Ltd
  • SUPERIOR FLUX MFG CO
  • MacDermid Alpha Electronics Solutions
  • Nathan Trotter Co Inc

Regional Overview

Regional Overview
  • North America
  • Europe
  • Asia-Pacific
  • South and Central America
  • Middle East and Africa

Market Segmentation

Market SegmentProduct
  • Wire
  • Paste
  • Bar
  • Flux
  • Others
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

Impact of COVID-19 Pandemic on Soldering in Electronics Assembly Market

The COVID-19 pandemic caused disruptions in manufacturing sectors, impacting every process, from supply chain and operations to capital spending, loans, and long-term strategies. The pandemic disrupted exports of parts and interrupted large-scale manufacturing. According to United Nations Conference on Trade and Development (UNCTAD), global foreign direct investment (FDI) collapsed by 42% in 2020 compared to 2019. The prices of tin and lead surged during the pandemic, leading to a decline in demand for soldering products. On the other hand, the demand for medical devices such as pacemakers, defibrillators, neurostimulators, ultrasound machines, and infusion pumps increased due to the pandemic. In addition, the work-from-home culture and online schooling are a few factors that boosted the demand for laptops and mobiles during the pandemic. For instance, Lenovo registered significant financials in the second quarter of 2020 due to the adoption of the work-from-home model; it increased by 7% on a year-on-year basis. Therefore, the COVID impact has negatively caused disruptions in the business of soldering in electronics assembly market.

Market Insights – Soldering in Electronics Assembly Market

Over the years, China and India have significantly increased their investment to develop their manufacturing sector. These countries have also started initiatives such as Made in China 2025 and Make in India to promote local manufacturing. Additionally, the presence of cheap labor is propelling the rapid development of the manufacturing sector in India and China, making these countries hubs for producing consumer electronics and electronic components such as PCBs, sensors, hard disks, and motherboards. Additionally, the rise in investment by global companies across industries such as medical device manufacturing, electronics, and automotive to set up their production plant across the region is further expected to contribute to the APAC soldering in electronics assembly market growth in the coming years.

Product Insights

Based on product, the soldering in electronics assembly market size is segmented into wire, paste, flux, bar, and others. The wire segment accounted for the largest market share in 2022. Solder wires are available in a range of thicknesses, types, and soldering methods. Manual soldering wire, laser soldering, and automated iron soldering are among the commonly used soldering methods. Based on composition, leaded and lead-free solder wires are available in the market. Lead-free solder wires are used in most applications to comply with RoHS Directive. The lead-free solder wire has strong wetting properties as it contains 3% silver. The silver-free soldering wire saves the operational cost of electronic assembly.

The flux-cored solder wire is used in various processes, including automated and robotic soldering. The CW-818 flux cored wire manufactured by Indium Corporation provides fast wetting speed to minimize cycle times in manual and robotic soldering processes; this wire exhibits heat resistance and low spatter properties of the core flux, thereby providing better assemblies for manual and robotics soldering processes.

Soldering in Electronics Assembly Market Report Scope

Report Attribute Details
Market size in 2023 US$ 2 Billion
Market Size by 2028 US$ 2.62 Billion
Global CAGR (2023 - 2028) 5.6%
Historical Data 2021-2022
Forecast period 2024-2028
Segments Covered By Product
  • Wire
  • Paste
  • Bar
  • Flux
  • Others
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
Europe
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
South and Central America
  • Brazil
  • Argentina
  • Rest of South and Central America
Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East and Africa
Market leaders and key company profiles
  • Lucas Milhaupt Inc
  • GENMA Europe GmbH
  • S Bond Technology
  • Fusion Incorporated
  • Indium Corporation
  • KOKI Company Ltd
  • SUPERIOR FLUX MFG CO
  • MacDermid Alpha Electronics Solutions
  • Nathan Trotter Co Inc
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

The global soldering in electronics assembly market size is segmented based on product. Based on product, the market is segmented into wire, paste, flux, bar, and others. By region, the soldering in electronics assembly market is segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America (SAM).

GENMA Europe GmbH, Indium Corporation, Fusion Incorporated, AIM Metals & Alloys LP, and MacDermid Alpha Electronics Solutions are among the key soldering in electronics assembly market players operating worldwide.

The soldering in electronics assembly market players are mainly focused on the development of advanced and efficient products.

  • In 2021, Electronics manufacturing services provider “Foxconn Technology Group” and semiconductor company “MediaTek” announced a collaboration to develop new 5G solutions for smart manufacturing and Industry 4.0 applications. This collaboration could lead to new advancements in the soldering electronics industry.
  • In 2020, Soldering equipment manufacturer “Metcal” partnered with electronics distributor “Farnell” to expand its product offerings and reach new customers in Europe.
Report Coverage

Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered

Segment Covered

Product

Regional Scope

Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope

Country Scope

Argentina, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Taiwan, United Arab Emirates, United Kingdom, United States

Frequently Asked Questions


Which are the key players holding the major market share of soldering in electronics assembly market?

The key players of soldering in electronics assembly market are encompassed with GENMA Europe GmbH, Indium Corporation, Fusion Incorporated, AIM Metals & Alloys LP, and MacDermid Alpha Electronics Solutions.

What is the estimated global market size for the soldering in electronics assembly market in 2023?

The global soldering in electronics assembly market was valued at US$ 2,001.96 Mn in 2023

Based on product segment, which is the leading method in the soldering in electronics assembly market?

The wire segment led the global soldering in electronics assembly market in 2022.

What are the driving factors impacting the global soldering in electronics assembly market?

The key driving factors impacting soldering in electronics assembly market growth includes:
• Growth of Electronic Industry
• New Product Developments

Which countries are registering a high growth rate during the forecast period?

The US, the UK, India, the UAE, Brazil are the countries registering high growth rate during the forecast period.

Which is the fastest growing regional market during the forecast period?

APAC is the fastest-growing regional market in the global soldering in electronics assembly market between 2023-2028.

The List of Companies - Soldering in Electronics Assembly Market

  1. Lucas-Milhaupt, Inc
  2. GENMA Europe GmbH
  3. S-Bond Technology
  4. Fusion Incorporated
  5. Indium Corporation
  6. KOKI Company Ltd
  7. SUPERIOR FLUX & MFG. CO.
  8. MacDermid Alpha Electronics Solutions
  9. Nathan Trotter & Co., Inc.
  10. AIM Metals & Alloys LP

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