|06-18-2018 01:17 PM CET - IT, New Media & Software||
Organic Substrate Market To Reach Value Nearly US$ 13,438.1 Mn Revenues by 2026
Press release from: Fact.MR
With the rapid advancements in technology, leading firms are focusing on offering innovative products and services. In order to offer effective and high-performance electronic products, demand for organic substrates is likely to remain high in the electronic industry. As the need for improved dimensional control in the electronic products persist, demand for organic substrate continues to remain pervasive among electronic manufacturers. Leading companies are focusing on developing products incorporated with advanced technological features to remain on the forefront of the global market. This has led to surge in demand for organic substrate in the electronic industry.
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Leading manufacturers in the electronic industry are also focusing on utilizing organic substrates as an important ingredient for the production of semiconductors. In order to offer enhanced customer experience, leading manufacturers are focusing on adopting PCB technology for manufacturing organic substrate. Through product innovation and differentiation, leading firms are focusing on attaining a competitive edge in the global market.
More Than US$ 13,400 Mn Opportunity in Global Organic Substrate Market
According to Fact.MR, the global organic substrate market is expected to reach a value of over US$ 13,400 Mn by 2026-end. As the need for manufacturing printed circuit boards persists, leading manufacturers are concentrating on utilizing organic substrates. Manufacturers prefer utilizing organic substrates during the manufacturing process of electronic products as it lowers the cost of production. Demand for the organic substrate will also continue to increase among the leading technological companies. With the growing trend of using electronic gadgets such as smartphones and laptops, demand for organic substrates for manufacturing semiconductors will continue to remain high. Leading manufacturers are opting for organic substrates for the production of the flat panel displays. In order to offer innovative technological features in the electronic gadgets, leading firms are focusing on incorporating RF modules for the wireless applications and electronic devices. Growing need for developing innovative products will continue to fuel demand for organic substrates in the electronic industry.
With the increasing production of various consumer electronic gadgets, manufacturers are looking to opt for tape substrates in the global market. In terms of revenue, tape substrates is expected to represent the highest growth in the global market by the end of 2026. Adoption of the small outline packages (SOP) will continue to remain high for fine integrated circuit packaging as it reduces the total volume consumed by the memory components. Small outline packages is expected to generate significant revenues in the global market throughout 2026.
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Demand for organic substrates is projected to remain high for the production of mobile phones. Leading manufacturers are focusing on developing innovative products such as ultra-thin mobile phones and incorporating advanced technological features such as RF module and enhanced functionality. Due to these factors, demand for organic substrates will continue to remain high in the global market. In terms of revenue, mobile phones are expected to witness a significant growth in the global market by the end of 2026.
Leading players in the global market are Hitachi Chemical, Samsung Electronics, Dow Chemicals, BASF, Sumitomo Chemical Co. Ltd., Henkel AG, Amkor Technology, STMicroelectronics, Qualcomm Technologies, Mistubishi Electric, Shinko, and Kyocera.
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