Press release
Semiconductor Assembly Test Services Market is expected to increase to US$ 58 Bn in 2031
Exploding production volumes of semiconductors, memory chips, and wafers for integration in consumer electronic products and wireless/mobile handsets will remain a key booster to the semiconductor assembly and testing services (SATS) market.
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In a new Persistence Market Research report, the semiconductor assembly and testing services (SATS) market is projected to expand at a healthy CAGR of close to 6% during the forecast period of 2021 to 2031,with the market valued at approximately US$ 32.5 Bn at present. The global SATS market is projected to expand at a CAGR of close to 6%and reach a value of US$ 58 Bn in 2031.
The study opines that the semiconductor assembly and testing services market landscape will continue to witness the emergence of multiple revenue generation opportunities with the technological advances such as organic-substrate-interposer technology and silicon-via-interconnection technology.
Company Profiles:
ASE Group, Inc.
Amkor Technology, Inc.
Siliconware Precision Industries Co., Ltd.
Powertech Technology, Inc.
United Test and Assembly Center Ltd.
JCET Group Co Ltd
Chips Technologies, Inc.
Chipbond Technology Corporation.
King Yuan Electronics Co Ltd
Unisem
Key Takeaways from Market Study
Sales will be prominent in consumer electronics industry, as the demand for audio/video equipment, cameras, calculators, and smart homes (home safety equipment & accessories) is on a continued upward trend.
Asia Pacific excluding Japan is expected to create lucrative growth opportunities for semiconductor assembly and testing services providers. This is attributed to rapid growth of semiconductor packaging space and increasing application of semiconductor assembly methodologies in the region.
Increasing demand for connected devices including smartphones and tablets would propel demand for enhanced packaging technologies, thereby creating growth opportunities for service providers in the SATS market.
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Semiconductor assembly and testing services providers can improve revenues by upgrading existing facilities to deliver superior electrical and thermal performance, in addition to exhibiting high input and output capabilities.
Semiconductor assembly and testing services are used in different industries applications such as communication, computing & networking, automotive, consumer electronics. Manufacturers in these industry applications are actively using 3D semiconductor assemblies to reduce their downtime and maximize functionality of their products. Moreover, notable growth of end-use industries such as electronics and semiconductors, automotive, manufacturing, and packaging will offer multiple potential growth opportunities to manufacturers and providers of SATS.
Market Leaders Hold More than 50% Share
The global semiconductor assembly and testing services market is highly competitive due to presence of a large number of medium- and large-sized electronics and semiconductors service providers. Leading market participants in the semiconductor assembly and testing services market are estimated to hold around 50-60% market share.
Service development and innovation is a key strategy used by semiconductor service providers in the semiconductor assembly and testing services market to enhance their market presence and end user experience.
This report provides valuable insights at the company level, focusing on services innovation in the SATS market, along with business and marketing strategies of emerging market players. Some market players included in the report are ASE Technology Holding Co., Ltd., Amkor Technology, Inc., Siliconware Precision Industries Co., Ltd., Powertech Technology, Inc., Jiangsu Changjiang Electronics Tech Co, and ChipMOS Technologies Inc.
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