Soldering Robot Market Size, Industry Growth Forecast 2022-2028

According to Precision Business Insights (PBI) latest report, the soldering robot market is expected to be worth USD 117.1 million in 2021, growing at a 5.6% CAGR from 2022 to 2028. The rising demand for soldering robots in consumer electronics manufacturing is a major driving factor that would propel the market forward over the forecast period. With technological improvements, the global market for soldering robots will rise as the demand for machine operations will increase in the future years. In the coming years, further advancement in the electronics industry is expected to fuel the global market on a vast scale. With the improvement of technology, the soldering robot market will likely grow at a quicker rate than it does currently. In the coming years, soldering robots will transform the market.

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Three-axis Robot Segment dominates the Soldering Robot Market.
Three-axis robot segment is expected to account for a larger revenue share in the global soldering robot market with a value share in global demand. It is projected to grow at 6.3% CAGR over 2022 and 2028. A three-axis robot is an industrial robot that can move along three axes: the X-axis, the Y-axis, and the Z-axis. Three-axis robots are commonly employed in applications requiring the three-dimensional movement of parts or materials, such as welding, material handling, assembly, and packing. The X-axis is the robot's horizontal axis, which is utilized for back-and-forth and side-to-side motions. The Y-axis is the robot's vertical axis, which allows it to move up and down. The robot's rotating axis is the Z-axis, allowing it to revolve around its center point.

The Asia Pacific Leads Soldering Robot Market
The Asia Pacific is expected to hold the 17.5% market share in the global soldering robot market in the forecast period, and it is projected to grow at a CAGR of 6.7% in the coming years. Rising urbanization in the Asia Pacific region is expected to propel the market forward significantly. China is a prominent electronics manufacturer, which will help the worldwide soldering robot market grow. Japan's technological and electronics manufacturing leadership will have a significant impact on the Asia Pacific market. Factors like as cheap production costs, easy availability of inexpensive labor, lax pollution and safety standards, and the government's pushes for foreign direct investments (FDIs), APAC is positioned to maintain a strong market position in the soldering robotics industry in the near future.

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Strategic New Product Launches, Mergers, Acquisitions, and Agreements are the key strategies adopted by market players:
The global soldering robot market further reveals that the key players increasingly adopting strategies such as the launch of newer products, product launches, and long-term alliances to improve market revenue share and gaining significant geographic presence across the region. For instance, In April 2021, Promation USA and Quick introduced 30+ new robot configurations to the North American market. New for 2021 is PROMATION's new line of Economy Series Soldering Systems from QUICK that allows users to explore the world of robotic soldering automation at a more affordable price.

The soldering robot market is segmented based on product type, application, and geography.
Based on the product type, the market is segmented into the following:
• 6-axis Robot
• 5-axis Robot
• 4-axis Robot
• 3-axis Robot
• 2-axis Robot

Based on the application, the market is segmented into the following:
• Consumer Electronics
• Appliances
• Automotive Electronics

Based on geography, the market is segmented into the following:
• North America
• Europe
• Asia Pacific
• Latin America
• MEA

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Key players in the soldering robot market report are Japan Unix, Quick, Apollo Seiko, Tsutsumi Electric, HAKKO, Janome, Cosmic, Unitechologies, and Flex Robot.

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