Semiconductor Packaging Market Outlook, Development and Opportunities in 2021- Tianshui Huatian Technology Co. Ltd., Fujitsu Ltd., UTAC Group

Global Semiconductor Packaging Market This market research provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Research classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.

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The global semiconductor packaging market was valued at USD 26.12 billion in 2018 and is expected to be worth USD 41.16 billion by 2024, recording a CAGR of 7.96% over the forecast period (2019-2024).

Market By Top Companies:

ASE Group, Amkor Technology, Jcet/Stats Chippac Ltd., Siliconware Precision Industries Co. Ltd. (Spil), Powertech Technology, Inc., Tianshui Huatian Technology Co. Ltd., Fujitsu Ltd., UTAC Group, Chipmos Technologies, Inc., Chipbond Technology Corporation, Intel Corporation, Samsung Electronics Co. Ltd., Unisem (M) Berhad, Interconnect Systems, Inc. (ISI), Carsem.

Market Analysis-
Owing to the growing demand across various end-user verticals of the packaging industry, the industry has witnessed a continuous transformation in terms of characteristics, integration, and energy efficiency of the product. Since packaging is in the early stage in the electronics value chain, the growth of the market studied is directly impacted by the growth of the semiconductor market.

- The advent of IoT and artificial intelligence (AI) and the proliferation of sophisticated electronics are factors driving the high-end application segment across the consumer electronics and automotive industries that have increased the rate of adoption of the latest semiconductor packaging technologies, to meet the growing demand.
- Semiconductor packaging technology has evolved to minimize the costs involved and enhance the overall efficacy of ICs. Vendors in the market are under constant pressure to deliver innovative solutions in terms of the size of the packaging, performance, and the time-to-market aspect.
- Also, the emergence of 2.5D and 3D packaging mechanism, as of mid-2010, has made semiconductor manufacturers extend their flip-chip and wafer-level capabilities, owing to their enhanced functionality.

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Industry Outlook:

High Adoption Rate in Consumer Electronics Segment to Augment the Market Growth

- The electronics market constantly demands higher power dissipation, faster speeds, and higher pin counts, along with smaller footprints and lower profiles. The miniaturization and integration of semiconductors have given rise to smaller, lighter, and more portable devices, like tablets, smartphones, and the emerging IoT devices.
- Each new iteration of consumer electronics products is smarter, lighter, and more energy efficient than its predecessors. This advantage creates huge expectations among customers for the next iteration, which is a significant selling point for the producers of consumer electronics.
- In addition to this, smartphones are one of the most significant contributors to semiconductor consumption in the consumer electronics segment. In recent years, the United States has witnessed consistent growth in smartphone sales. With this trend likely to continue, it is poised to drive the semiconductor demand, in turn, augmenting the packaging market growth.

North America Expected to Hold a Significant Share

- Countries in the region, such as the United States lead the world in manufacturing, design, and research in the semiconductor industry. The United States is also the frontrunner in semiconductor packaging innovation, boasting of 80 wafer fabrication plants spread across 19 states. Apart from this, investments in the country by major players are set to fuel the semiconductor packaging market.
- For instance, Intel Corporation in 2017 had planned to invest more than USD 7 billion to complete Fab 42, a semiconductor factory, which is expected to be ready in 3-4 years.
- Apart from this, the United States is home to some of the major automotive players in the world, which are investing in the electric car segment. This is set to augment the demand for semiconductors in the automotive industry significantly. In turn, it is driving the semiconductor packaging market.
- For instance, Toyota in 2018 announced CAD 1.4 billion in two factories in central Canada where it plans to build its largest hybrid hub in North America. The government is expected to support the investment with CAD 110 million in Cambridge and Woodstock.

Latest Update

- December 2018 - Amkor Technology, Inc., a leading provider of outsourced semiconductor assembly and test (OSAT) services, announced the extension of its MEMS and Sensor package platforms to address the growing optical market.
- January 2018 - ASE Group began the construction of its new factory building K25. The building is scheduled to be completed in the year 2020. This was done as a part of the expansion plan.

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Major points covered in this research are:-  

─Semiconductor Packaging Market Overview, Segment by Type (Product Category), by Application, by Region (2020-2024), Competition by Manufacturers

─Global Market Size (Value) of Semiconductor Packaging (2020-2024)

─Global Semiconductor Packaging Capacity, Production, Revenue (Value), Supply (Production), Consumption, Export, Import by Region (2020-2024)

─Global Semiconductor Packaging Production, Revenue (Value), Price Trend by Type

─Global Semiconductor Packaging Market Analysis by Application

─Global Semiconductor Packaging Manufacturers Profiles/Analysis

─Semiconductor Packaging Manufacturing Cost Analysis

─Industrial Chain, Sourcing Strategy and Downstream Buyers

─Marketing Strategy Analysis, Distributors/Traders

─Market Effect Factors Analysis

─Global Semiconductor Packaging Market Forecast (2020-2024)

─Competitive Landscape

─Research Findings and Conclusion

Finally, this Semiconductor Packaging report covers the market scenario and its development prospects over the coming years. Report likewise manages the type analysis, contrasting it with the significant application, recent Semiconductor Packaging product development and gives an outline of the potential Global market.

Irfan Tamboli (Head of Sales) – Market Insights Reports
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irfan@marketinsightsreports.com

MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

This release was published on openPR.