Press release
Antenna-in-Package (AiP) Technology Market to Surge by 2030 | 5G Rollout & Miniaturization Drive Growth
Antenna-In-Package (AiP) Technology Market SizeThe global market for semiconductor was estimated at US$ 579 billion in the year 2022, is projected to US$ 790 billion by 2029, growing at a CAGR of 6% during the forecast period.
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The global market for Antenna-In-Package (AiP) Technology was estimated to be worth US$ million in 2023 and is forecast to a readjusted size of US$ million by 2030 with a CAGR of % during the forecast period 2024-2030.
Although some major categories are still double-digit year-over-year growth in 2022, led by Analog with 20.76%, Sensor with 16.31%, and Logic with 14.46% growth, Memory declined with 12.64% year over year. The microprocessor (MPU) and microcontroller (MCU) segments will experience stagnant growth due to weak shipments and investment in notebooks, computers, and standard desktops. In the current market scenario, the growing popularity of IoT-based electronics is stimulating the need for powerful processors and controllers. Hybrid MPUs and MCUs provide real-time embedded processing and control for the topmost IoT-based applications, resulting in significant market growth. The Analog IC segment is expected to grow gradually, while demand from the networking and communications industries is limited. Few of the emerging trends in the growing demand for Analog integrated circuits include signal conversion, automotive-specific Analog applications, and power management. They drive the growing demand for discrete power devices.
By Type
• Double-sided Package
• Embedded Bare-chip Package
By Application
• Mobile Communication
• AI
• Automotive Electronics
• IoT
Key Companies
Amkor Technology, ASE Technology Holding Co, Powertech Technology, Insight SiP
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