Analyst Speak:
“The Global Soldering Robot Market is expected to reach US$ 116.86 Mn by 2025 owing to growth in R&D for the development of newer products”
The global soldering robot market is expected to reach US$ 116.86 Mn by 2025. A Soldering Robot is a fully automated system that performs a designated task, set by a custom program, with the utmost precision and repeatability. The factors which are driving the growth of this global soldering robot market are its applicability in various fields such as consumer electronics, appliances, and automotive electronics. Moreover, their availability in different sizes and affordability is also fueling the market growth. All the industries weather small or big are attracted towards these automated technologies and want to use soldering robot in their production process thus surging the global soldering robot market. These robots also accelerate the process going on in the industries. The major factors which are restricting the growth of this market are high cost of installation, lack of skilled professional and less development in the field of robotics in some region.
Global soldering robot market is segmented on the basis of product type, application, and region.
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Automotive Electronics Dominate the Global Soldering Robot Market
Based on the application, global soldering robot market is segmented automotive electronics, appliances, and consumer electronics. Automotive electronics tends to dominate the global soldering robot market owing to increasing demand of their products. These robots can do a lot of work in less time. There is need for these robots in automotive industries as the raw materials cannot be operated only by humans.
Asia Pacific Leads the Global Soldering Robot Market
PBI’s global soldering robot market report analyses the market in different regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. According to regional analysis, Asia Pacific soldering robot market dominates the global Soldering Robot market. In terms of revenue China accounted for larger revenue share through 2013-2018 and expected to dominate over 2019-2025 owing to their advancement in research and development sector, favorable government initiatives, and their latest technologies. However, Europe, North America and Japan soldering robot market is expected to grow at a good rate over the forecast years due to their increasing demand for these robots in their production plant and shortage of workers. These soldering robots provide both quality vise and quantity wise products (more products in less time).
Launch of newer products, and strategic alliances are the key strategies adopted by market players
Global soldering robot market further reveals that the key players increasingly adopting strategies such as launch of newer products, and long term alliance to improve market revenue share and gaining significant geographic presence across the region. For instance, on June 2018, ABB Ltd launched the 3rd generation IRB 6790 prime robot. It aims at high-pressure water jet cleaning applications in harsh industrial environments. This robot also reduces the maintenance cost by up to 60%.
Key player’s profiles in the report are Japan Unix, Changzhou Quick Soldering Co., Ltd., Apolli Seiko, Tsutsumi Electric Co., Ltd., Hakko Corporation, Janome Sewing Machine Co., Ltd., Cosmic Corporation, Unitechnologies SA, and Rui Chi Robot (Shenzhen) Co., Ltd.
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Precision Business Insights (PBI) in its report titled “Global Soldering Robot Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2013-2018 and Forecast 2019-2025” assesses the market performance over seven years forecast period over 2019-2025. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period.
Detailed Segmentation
By Product Type
6-axis Robot
5-axis Robot
4-axis Robot
3-axis Robot
2-axis Robot
By Application
Consumer Electronics
Appliances
Automotive Electronics
Geography
North America
US
Canada
Europe
Germany
France
UK
Italy
Spain
Russia
Poland
Rest of Europe
Asia-Pacific
Japan
China
India
Australia & New Zealand
ASEAN (Includes Indonesia, Thailand, Vietnam, Philippines, Malaysia, and Others)
South Korea
Rest of Asia-Pacific
Latin America
Brazil
Mexico
Argentina
Rest of Latin America
Middle East and Africa (MEA)
Gulf Cooperation Council (GCC) Countries
Israel
South Africa
Rest of MEA
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