Semiconductor Packaging Market 2021-2027 Forecast and COVID-19 Impact on Business, Industry, Revenue and Actionable Insights

The semiconductor packaging market was valued at USD 28.2 billion in 2019 and is expected to be worth USD 44.44 billion by 2025, recording a CAGR of 7.96%

The Global Semiconductor Packaging Market Research Report 2021-2025 is a significant source of keen information for business specialists. It furnishes the business outline with development investigation and historical and futuristic cost analysis, Semiconductor Packaging market income, demand, and supply information (upcoming identifiers). The research analysts give a detailed depiction of the worth chain and its wholesaler examination. The Semiconductor Packaging Market study gives extensive information which upgrades the agreement, degree, and use of this report.

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Top Companies in the Global Semiconductor Packaging Market are - 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)

Key Market Trends On Semiconductor Packaging-

Consumer Electronics Industry to Augment the Market Growth

- The electronics market continually demands higher power dissipation, faster speeds, higher pin counts, and 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 creates huge expectations among customers for the next iteration, which is a major selling point for the producers of consumer electronics.

- The rising penetration of consumer electronics in the high growth regions of the world has led to increased capital investment by several wafer manufacturing companies, in a bid to meet the demand. Therefore, the demand for defect-free chips will drive the growth of this market. Recently SEMICON EUROPA highlighted that there was an estimated increase of 25% in Semiconductor Fabrications Investment in China from 2018 to 2019. China was reported to be followed by the USA at 24% and Taiwan at 15% for the same period.

Competitive Landscape On Semiconductor Packaging Market-

July 2020 - ASE Group completed its strategic agreement with Apple Inc to steadily improve its energy efficiency and steadily shift into the greener production. Moreover, this partnership supports clean energy within the supply chain and its supplier clean energy program. It will also create a vast brand reputation for this company.

- December 2019 - SUSS MicroTec, equipment, and process solutions provider announced to enter a partnership with BRIDG to invest in focused production process technologies, advanced system integration, and 200mm MEMS fabrication to advancing next-generation nanoscale technology.

Regional Analysis On Semiconductor Packaging Market-

North America Expected to Hold a Significant Share

- With the high use of MEMS-based semiconductors in North America across the end-user industries such as in healthcare are expected to drive the demand for semiconductor packaging market in the region. The United States is also the frontrunner in semiconductor packaging innovation, boasting more than 80 wafer fabrication plants spread across 19 states.

- Government entities in the region are also investing extensively in the MEMS-based semiconductor chips' manufacturing facilities for their application in healthcare. For instance, in June 2019, NASA invested USD 125,000 as phase-I funding for the project by Techshot to develop in-Space manufacturing of microfluidic chips for use in biological research aboard the International Space Station.

- Apart from this, major players' investments in the country are set to fuel the semiconductor packaging market. For instance, in 2019, Cree Inc announced plans to invest more than USD 1 billion to open a new semiconductor factory in the USA. This semiconductor factory is expected to be ready by the year 2022. Besides, the growing prominence of Chinese semiconductor products is expected to further push innovations in the region's semiconductor industry.

Prime Takeaways:

The Semiconductor Packaging Market report covers profiling of key market player with overall business operations, news coverage, product portfolio, geographic presence, and financial status.
Value chain analysis, which is combined with competitive landscape of key players of the Semiconductor Packaging
Market size and forecast of the Semiconductor Packaging market for the period from 2021 to 2027.
Global presence of the market, market dynamics and evaluation by upstream and downstream of raw materials.
CAGR% for individual segments in various regional markets for a period from 2021 to 2027.

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All the reports that we list have been tracking the impact of COVID-19 on the market. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check with the sales team.

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