Press release
Robust Market Growth Predicted for Advanced Packaging Technologies: Comprehensive Overview of Market Size, Key Players, Drivers, and Trends
Robust Market Growth
Witnessing steady rise within the consumer electronics, the global advanced packaging technologies market is projected to reach new heights, driven by technological integration and persistent market demands.
What Is The Projected Market Size Of The Global Advanced Packaging Technologies Market And Its Growth Rate?
•In 2024, the advanced packaging technologies market size was at $7.24 billion.
•The market is expected to increase to $8.16 billion in 2025 enjoying a compound annual growth rate (CAGR) of 12.6%.
•By 2029, the market size is projected to advance to $14.22 billion, with a significant CAGR of 14.9%.
•Key growth contributors in the historic period include growth in consumer electronics and automotive electronics, development in mobile computing, enhanced thermal management, and environmental considerations.
What Is Driving The Growth In The Advanced Packaging Technologies Market?
The growth in the advanced packaging technologies market is being propelled by the escalating demand for consumer electronics. Non-commercial or professional consumer electronics equip users regularly, extending to gadgets, devices, or electronic equipment, contributing to the demand for advanced packaging which lends sophistication to these products. For instance, in May 2023, the Japan Electronics and Information Technology Industries Association reported that Japan's electronic equipment output surged to 771,457 units. The output for consumer electronics reached 32,099 units, showing an increase from 25,268 units of May 2022. Such buoyant demands for consumer electronics have bolstered the growth of the advanced packaging market.
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Who Are the Key Players Driving Advanced Packaging Technologies Market Growth?
Key players in the advanced packaging technologies market include:
•Samsung Electronics
•Taiwan Semiconductor Manufacturing Company
•Intel Corporation
•International Business Machines
•Qualcomm Technologies
•Advanced Semiconductor Engineering (ASE)
•ASE Technology Holding Co. Ltd.
•Texas Instruments
•Shin-Etsu Chemical Co. Ltd.
•Renesas Electronics Corporation
What Are The Key Trends In The Advanced Packaging Technologies Market?
Key trends projected in the forecast period include:
•Advanced interconnect technologies
•Fan-out wafer-level packaging
•System-in-package
•Thermal management solutions
•Embedded packaging for IoT devices
What Are The Segments Of The Global Advanced Packaging Technologies Market?
The market report segments the advanced packaging technologies:
•By Type: 3D Integrated Circuit, 2D Integrated Circuit, 2.5D Integrated Circuit, Other Types
•By Product: Active Packaging, Smart And Intelligent Packaging
•By End Use Industry: Automotive And Transport, Consumer Electronics, Industrial, IT And Telecommunication, Other End Use Industries
Which Region Leads The Advanced Packaging Technologies Market?
In 2024, Asia-Pacific held the largest region in the global advanced packaging technologies market. The covered regions in the report also incorporate Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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The Advanced Packaging Technologies Market Global Market Report covers these key aspects:
•Market Size Analysis: Analyze the Advanced Packaging Technologies Market size by key regions, countries, product types, and applications.
•Market Segmentation Analysis: Identify various subsegments within the Advanced Packaging Technologies Market for effective categorization.
•Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
•Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
•Market Contribution: Evaluate contributions of different segments to the overall Advanced Packaging Technologies Market growth.
•Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
•Industry Challenges: Analyze challenges and risks affecting the Advanced Packaging Technologies Market.
•Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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