Press release
Semiconductor Lead Frame Market to Reach USD 5.10 Billion by 2030
Semiconductor Lead Frame Market
The global Semiconductor Lead Frame market, valued at USD 3.58 billion in 2023, is anticipated to grow at a Compound Annual Growth Rate (CAGR) of 5.2%, reaching nearly USD 5.10 billion by 2030. This growth is propelled by the escalating demand for electronic devices, miniaturization of components, and advancements in automotive electronics.
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✦ Semiconductor Lead Frame Market Growth Opportunities in Vietnam
Vietnam is emerging as a significant player in the semiconductor industry, attracting investments from major companies. In November 2023, Amkor Technology announced plans to expand its manufacturing footprint in Vietnam to support customer needs for advanced packaging solutions.
✦ Consolidation Trends in Thailand
Thailand is witnessing consolidation in the semiconductor sector, with companies like Acter expanding their operations. Acter's Southeast Asian business surged by 50% in 2023, highlighting Thailand's growing importance in the electronics assembly and semiconductor packaging industries.
Innovation Growth in Japan
Japan continues to invest in semiconductor innovation. Japan Advanced Semiconductor Manufacturing (JASM), a joint venture between TSMC, Sony, Denso, and Toyota, is constructing a $23 billion semiconductor factory in Kumamoto. The facility aims to produce semiconductors for image sensors and automotive applications, enhancing Japan's semiconductor capabilities.
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Digital Advancements in South Korea
South Korea is making significant investments to bolster its semiconductor industry. The government announced plans to invest approximately $470 billion over the next 23 years to build the world's largest semiconductor cluster near Seoul. This initiative aims to increase the self-sufficiency ratio of essential materials, parts, and equipment for chip production to 50% by 2030.
Market Updation in Singapore
Singapore is positioning itself as a strategic hub for semiconductor operations. Topco Scientific, a supplier to major chipmakers, is using Singapore as a base to expand and serve markets in Malaysia, Thailand, and Vietnam. This expansion reflects Singapore's growing role in the semiconductor supply chain.
Growth Trends in the United States
The United States is experiencing growth in the semiconductor lead frame market through strategic acquisitions. In December 2023, Concentric, a US-based provider of industrial power solutions, acquired Jantech, a manufacturer of semiconductor lead frames. This acquisition enhances Concentric's capabilities to serve mission-critical sectors, including data centers and hospitals.
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Strategic Developments in Europe
Europe is witnessing strategic developments in the semiconductor sector. Topco Scientific has selected Prague as its first European base to tap into the growing demand for onshore semiconductor production. This move aims to strengthen Europe's semiconductor supply chain and reduce dependency on external sources.
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✦ Semiconductor Lead Frame Market Segmentation:
by Type
Stamping Process Lead Frame
Etching Process Lead Frame
Others
by Application
Integrated Circuits (IC)
Discrete Device
Others
✦ Semiconductor Lead Frame Market Key Players for Asia Pacific
1. Toppan Inc.- Japan
2. SHINKO ELECTRIC INDUSTRIES CO. LTD.- Japan
3. Mitsui High-tec Inc.- Japan
4. QPL Electronics Factory- China
5. Ningbo Kangqiang Electronics Co. LTD.- China
6. Chang Wah Technology Co. Ltd- Taiwan
7. Haesungds- South Korea
8. Wuxi Huajing Leadframe Co. Ltd- China
9. Dynacraft Industries Sdn Bhd- Malaysia
10. ASM Pacific Technology- Hong Kong
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