At 3.0% CAGR, the South America Soldering in Electronics Assembly Market is projected to be worth US$ 60.72 million by 2028, says The Business Market Insights

According to the Business Market Insights’ research, the South America soldering in electronics assembly market was valued at US$ 52.38 million in 2023 and is expected to reach US$ 60.72 million by 2028, registering a CAGR of 3.0% from 2023 to 2028. Growth of electronic industry and new product developments are the critical factors attributed to the South America soldering in electronics assembly market expansion.                   

With the introduction of Industry 4.0 in manufacturing, the adoption of automation for mass customizations plays a crucial role in large-scale production in a shorter time. Robots provide precision in soldering products in electronic assembly and improve overall productivity. Market players provide such soldering robots and machinery to reduce the downtime of the production process and provide accurate results. The adoption of robotics for automation in soldering in electronics assembly contributes to the soldering process's production output, propelling the market's growth. Robotic soldering also plays an important role in optimizing printed circuit board (PCB) assembly to reduce and eliminate human error. The controlled and repeatable process increases the productivity and profitability of the PCB assembly process. Thus, there is a rise in the adoption of soldering robots by companies. For instance, Indium Corporation manufactures flux-cored solder wire with the help of soldering robots. In July 2022, Indium Corporation partnered with SAFI-Tech to develop no-heat and low-heat solder and metallic joining products, where the Indium Corporation can use its soldering robots to manufacture the newly developed products. Thus, the adoption of robotics in soldering is expected to be a trend in the South America soldering in electronics assembly market during the forecast period.

On the contrary, increased cost of raw materials hurdles the growth of South America soldering in electronics assembly market.  

Based on the product, the South America soldering in electronics assembly market is segmented into wire, paste, bar, flux, and others. The wire segment held 36.2% share of South America soldering in electronics assembly market in 2023, amassing US$ 18.98 million. It is projected to garner US$ 22.87 million by 2028 to expand at 3.8% CAGR during 2023–2028.         

Based on country, the South America soldering in electronics assembly market has been categorized into Brazil, Argentina, and the Rest of South America. Our regional analysis states that Brazil captured 73.7% share of South America soldering in electronics assembly market in 2023. It was assessed at US$ 38.60 million in 2023 and is likely to hit US$ 45.19 million by 2028, exhibiting a CAGR of 3.2% during the forecast period.                        

Key players dominating the South America soldering in electronics assembly market are AIM Metals & Alloys LP, Fusion Inc, Indium Corp, KOKI Co Ltd, MacDermid Alpha Electronics Solutions, and Superior Flux & Manufacturing Co among others.                 

• In 2021, Soldering equipment manufacturer Weller launched a new soldering station, the WXMT Micro-Soldering Station, which is designed for precision soldering on small components like mobile phone connectors and flex cables.         
• In 2020, Soldering equipment manufacturer Metcal launched a new soldering and rework system, the CV-5200 Connection Validation Soldering System, which uses advanced software and sensors to ensure consistent and reliable solder joints. 

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