Press release
Semiconductor Assembly And Testing Services Market Expectations and Growth, Trends Highlighted Until 2028
The Semiconductor Assembly And Testing Services Market was valued at US$ 51,906.3 million in 2021 to reach US$ 71,784.6 million by 2028; it is estimated to grow at a CAGR of 4.7% from 2021 to 2028.With continuous growth in advanced technologies such as autonomous driving, 5G, artificial intelligence (AI), and Internet of Things (IoT); and rising research and development investments by semiconductor designing and manufacturing companies worldwide, the global semiconductor industry is anticipated to witness a robust growth over the forecast period of 2021 to 2028.
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Analysis of the Top Market Players:
1. Amkor Technology
2. ASE Group
3. Chipbond Technology Corporation
4. Integrated Micro-Electronics, Inc
5. JCET Group Co., Ltd
6. Integra Technologies
7. Powertech Technology Inc
8. Siliconware Precision Industries Co., Ltd
9. Teledyne Technologies
10. Unisem Group
In this report, the market has been segmented on the basis of:
Services (Assembly & Packaging Services and Testing Services)
Application (Consumer Electronics, Automotive, Medical, Industrial, and Other Applications)
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Asia Pacific is the key region that is driving majority of global semiconductor growth and countries like China, Taiwan (Province of China), Japan, and South Korea are major players in global semiconductor industry. Moreover, the growing nature of economies in the region coupled with high demand for telecom infrastructure and consumer electronics is fueling the growth of the semiconductor assemble, packaging, and testing market in the APAC region. North America is another key region that is driving the semiconductor sales growth with rising demand of industrial automation, vehicle electrification, autonomous driving, 5G, IoT, and digital connectivity across countries like the US and Canada. The growing demand for advanced semiconductor in industries such as consumer electronics, automotive, and telecom among others is anticipated to boost the growth of semiconductor assembly and testing services market worldwide from 2021 to 2028.
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