Reading time ( words)
The global market for Selective Soldering estimated at US$149.1 Million in the year 2022, is projected to reach a revised size of US$214.8 Million by 2030, growing at a CAGR of 4.7% over the analysis period 2022-2030.
Networking & Communication, one of the segments analyzed in the report, is projected to record a 5.5% CAGR and reach US$71.7 Million by the end of the analysis period.
Taking into account the ongoing post pandemic recovery, growth in the Medical, Industrial, & Instrumentation segment is readjusted to a revised 5% CAGR for the next 8-year period.
The U.S. Market is Estimated at $43.6 Million, While China is Forecast to Grow at 4.3% CAGR
The Selective Soldering market in the U.S. is estimated at US$43.6 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$37.7 Million by the year 2030 trailing a CAGR of 4.3% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.3% and 3.8% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.4% CAGR.
Nolan Johnson, I-Connect007
Digi-Key’s Mike Slater is vice president of global business development and responsible for supplier and customer business development around the world. After his presentation at the EMS Leadership Summit at IPC APEX EXPO 2023, Nolan Johnson reached out for additional market perspective. Here, Mike talks about the current component supply chain and what to expect in the upcoming years. He provides insight for assemblers and OEM design teams alike.
Pete Starkey, I-Connect007
Pete Starkey talks with Kevin Domancich at Essemtec at electronica 2022 about the company integration within Nano Dimension and how the two companies have pioneered an exciting new end-to-end manufacturing solution that helps customers speed up production, cut costs, and keep their proprietary materials secure. In a world where time to market has become a priority consideration, this universal system has the potential to revolutionize the industry.
Real Time with...SMTAI
Bryce Timms, managing director, gives Nolan Johnson a tutorial on Essemtec’s position in the market, how Essemtec (as a division of Nano Dimension) fits not only into the additive manufacturing space but also in the more traditional EMS market.