The global solder preform market size is expected to experience a considerable growth during the forecast period. This is attributable to the rapid-paced industrialization and the rising electronic industry across the globe. This information is published by Fortune Business Insights, in its upcoming report, titled, “Solder Preform Market Size, Share & Industry Analysis, By Type (Lead, Lead-free), By Application (Military & Aerospace, Medical, Semiconductors, Electronics, Others) and Regional Forecast, 2020-2028.”
A solder preform is a type of flat and solid solder that is adopted across several assembly applications. They are available in different types of alloys and standard preform shapes such as squares, rectangles, washers, frames, and discs, among others. They create a fixed link permanently between two or more metal components and further provide accurate deposition of several soldering processes.
The market report includes quantitative and qualitative analysis of several factors such as the key drivers and restraints that will affect the market growth. The report provides insights into the regional analysis that covers different regions, contributing to the growth of the market. It includes the competitive landscape that involves the leading companies. It further mentions the strategies adopted by them, such as to introduce new products, announce partnerships, and collaboration that will contribute to the growth of the market between 2020 and 2028. Moreover, the research analyst has adopted several research methodologies such as PESTEL and SWOT analysis to extract information about the current trends and industry developments that will drive the market growth in the forthcoming years.
Rising Electronics Industry to Promote Growth
According to the data by IPC, the association that helps companies to build better electronic materials, the electronics sector supports over 1.3 million jobs across the United States. The rising electronic industry is leading to create better employment opportunities and further presents a lucrative opportunity for the enterprises to boost their economic and social growth. This is driving the demand for solder preform products across the industry, along with significant technological advancement in R&D activities that is expected to drive the global solder preform market during the forecast period.
Asia-Pacific to Remain Dominant; Rapid Industrialization to Spur Demand
The market in North America is anticipated to showcase a substantial growth owing to the massive technological advancement in R&D activities that boosts the demand for solder preform in the electronic sector between 2020 and 2028.
Among all the regions, Asia-Pacific is expected to hold the highest position in the global solder preform market in the forthcoming years. This is attributable to the rapid-paced industrialization in countries such as China and India that propels the demand for solder preforms across several industrial applications.
Product Launches by Major Companies to Expand Their Product Portfolio
The global solder preform market comprises small, medium, and large companies that are focusing on introducing new solder preform products to maintain stronghold and further expand their product portfolio. Additionally, other key players are striving to maintain market stronghold by adopting strategies such as collaboration and partnership during the forecast period.
October 2020 – Palomar Technologies announced that their wholly owned subsidiary, SST Vacuum Reflow Systems, launched SST 8300 Series Automated Vacuum Pressure Soldering System. According to the company, the solder preform system provides reliable solder connection with better void rate across several commercial and automotive modules.
List of the Companies Operating in the Global Market for Solder Preform:
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