A vacuum soldering system is also known as a vacuum pressure soldering system, it is a type of process welding furnace for high-end products. This system improves the quality of solder joints that significantly improves the quality of the soldered product. Growth in the demand for electronic products that generates demand for chips, which directly impact on the growth of the vacuum soldering system market during the forecast period.
Market Scope and Structure Analysis
The global vacuum pressure soldering system market is projected to expand at a rapid pace during the forecast period, due to increase in demand for vacuum pressure soldering systems from end-users. Rise in shift from manual vacuum pressure soldering systems to automated vacuum pressure soldering systems is anticipated to fuel the demand for vacuum soldering system market. Rise in demand for fault-free soldering, increase in demand for soldering of 3D assemblies, and soldering of cased power components on printed circuit boards are also triggering the growth of the vacuum soldering system market.
However, high cost of these systems may hinder the growth of the vacuum soldering system market.
COVID-19 Impact analysis
- COVID-19 pandemic has negatively impacted the production of various products in the vacuum pressure soldering system market attributed to the lockdown in countries worldwide. This has hampered the growth of vacuum pressure soldering system market from the last few months and is likely to continue during 2021.
- COVID-19 has already affected the sales of vacuum pressure soldering system in the first quarter of 2021 and is anticipated to cause a negative impact on the market growth throughout the year.
- The major demand for vacuum pressure soldering system was previously noticed from giant manufacturing countries including the U.S., Germany, Italy, UK, and China, which are positively affected by the spread of the coronavirus, thereby increasing the demand for vacuum pressure soldering system.
- Further, potential impact of the lockdown is currently vague and financial recovery of companies is totally based on its cash reserves. Vacuum pressure soldering system market manufacturers can afford a full lockdown only for a few months, after which the players have to modify their investment plans. For instance, various players in the market halted their production activities for several weeks to reduce the expenses. Whereas few players also adopted employee lay-offs to sustain during the COVID-19 health crisis
- Vacuum pressure soldering system market are expected to focus on protecting their workforce, operations, and supply chains to respond toward immediate crises and find new ways of working after COVID-19. For instance, provision of sanitizers, maintaining social distancing, as well as ensuring the vaccination of every employee in the company can assist in promoting the health & safety of the workforce.
Top Impacting Factors
The report covers key developments in the vacuum soldering system market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players.
- Stringent government regulations regarding workplace safety is anticipated to boost the demand for vacuum pressure soldering systems in end-use industries during the forecast period. For instance, Federal Occupational Safety and Health Administration (OSHA) regulations govern workplace safety and no matter what business someone is in, they should know and comply with the rules that apply to that business.
- Rapid technological advancements have led to opportunities in the global vacuum pressure soldering system market. Market players are gradually focusing on merger and acquisition activities to develop new products and improve their existing product offerings. For instance, in May 2019, SST Vacuum Reflow Systems, a subsidiary company of Palomar Technologies, introduced SST 8300 Series, an automated vacuum pressure soldering system.
- The launch of new products that contain improved capabilities have been launched by leading market players. They have taken necessary steps to improve accuracy of devices and overall functionality as well. For instance, on May 2019 Palomar Technologies, a global leader in total process solutions for advanced photonics and microelectronic device packaging, announced that SST Vacuum Reflow Systems, a wholly owned subsidiary of Palomar Technologies, launched the SST 8300 Series Automated Vacuum Pressure Soldering System. The series, consisted of single and triple chamber systems provides a highly reliable solder connection with a better than industry standard void rate – a key to deliver high-reliability power modules for automotive and commercial applications.
Key Benefits of the Report
- This study presents the analytical depiction of the vacuum pressure soldering system market along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the vacuum pressure soldering system market share.
- The current market is quantitatively analysed to highlight the vacuum pressure soldering system market industry growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed vacuum pressure soldering system market analysis based on competitive intensity and how the competition will take shape in coming years.
Questions answered in the Vacuum pressure soldering system Market Report
- Who are the leading global players in the vacuum pressure soldering system market?
- What are the current trends and predicted trends?
- What is vacuum pressure soldering system?
- What is vacuum pressure soldering system market prediction in the future?
- What are the challenges faced in the vacuum pressure soldering system market?
- What are the driving factors and opportunities in the market?
- What are the key benefits of the vacuum pressure soldering system market report?
Vacuum Pressure Soldering System Market Report Highlights
By Chamber type
Key Market Players
SHINKO SEIKI CO., LTD., iew Induktive Erw, Budatec GmbH, ATV Technologie GmbH, SMT, ASSCON Systemtechnik-Elektronik GmbH, PINK GmbH Thermosysteme, Palomar Technologies, INVACU, Centrotherm International AG