Global Selective Soldering Equipment Market 2020-2024
Technavio has been monitoring the selective soldering equipment market and it is poised to grow by $ 42.21 mn during 2020-2024 progressing at a CAGR of 6% during the forecast period. Our reports on selective soldering equipment market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the increasing electronics production, use of multifunctional safety relays for low-cost automation of soldering systems, and growing electronic content in automobiles.
Technavio's selective soldering equipment market is segmented as below:
- Networking and communication
- Consumer electronics
- MI and I
- Aerospace and defense
By Geographic Landscapes
- North America
- South America
This study identifies the growing development of high-speed selective soldering equipment as one of the prime reasons driving the selective soldering equipment market growth during the next few years. Also, the implementation of 5G technology will lead to sizable demand in the market.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our selective soldering equipment market covers the following areas:
- Selective soldering equipment market sizing
- Selective soldering equipment market forecast
- Selective soldering equipment market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading selective soldering equipment market vendors that include 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, and Seika Corp. Also, the selective soldering equipment market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.