Press release
Opportunity map analysis for in-depth understanding of Global Lead Frame Market
Lead Frame MarketLead Frame Market
Increasing demand for semiconductor and integrated circuit (IC) packaging is a major factor driving growth of the global lead frame market. Lead frames are primarily used in semiconductor packages.
This technique is simple and enables low-cost packaging for many applications. Many types of packages are based on lead frames such as QFN, QFP, LQFP, TQFP, PLCC, SOIC, and TSOP
Other factors driving growth of the global market is the growing light-emitting diode (LED) industry which has various end-user applications. LEDs are used in various applications such as automotive lighting, general lighting, and many more.
The market in China is expected to account for highest share in terms of revenue in the global lead frame market, expanding at a CAGR over 3% from 2017 to 2026.
Moreover, presence of large number of consumer electronic manufacturing units in the country is another factor driving growth of the global market.
The market in North America is expected to witness significant growth over the forecast period in the global lead frame market. This can be attributed to the increasing penetration of mobile phones and tablets especially among the younger generation, rising consumer base of consumer electronics, and significant growth of the LED industry especially in the US and Canada.
Based on application, consumer electronics equipment, commercial electronics equipment, industrial electronics equipment, and others. The consumer electronics equipment segment in the global lead frame market is estimated to be valued at US$ 818.7 Mn in 2017.
Key players operating in the global lead frame market include Precision Micro Ltd., Sumitomo Corporation, Hitachi, Ltd., ENOMOTO Co., Ltd., STATS ChipPAC Pte. Ltd., Mitsui High-tec, Inc.
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The report offers insightful and detailed information regarding the various key players operating in the global lead frame market, their financials, technological innovations, key developments, apart from future strategies, SWOT analysis, acquisitions & mergers, and market footprint.
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