Press release
Advanced Semiconductor Packaging Market Size will Escalate Rapidly in the Near Future
Top three emerging trends that are contributing towards the growth of the advanced semiconductor packaging market are the integration of semiconductor in vehicles, changes in the size of wafer, and increasing number of companies moving towards mergers and acquisitions. Increasing demand for automation in vehicles is resulting in the need for semiconductor devices of small size, thus driving the demand for advanced semiconductor packaging solution in the automotive sector. Increasing number of merger and acquisitions are taking place in the semiconductor packaging market. New companies are also using M&A route to compete in already highly competitive market.
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Major companies currently active in the global advanced semiconductor packaging market are ASE Group, Kyocera, Avery Dennison, Sumitomo Chemical Co. Ltd., Infineon, STMicroelectronics, Hitachi Chemical, Amkor Technology, AMD, and Intel Corp.
As per the report by Transparency Market Research (TMR), the global advanced semiconductor packaging market is expected to witness strong growth, registering a CAGR of 10.9% during 2017-2026. The global advanced semiconductor packaging market is also estimated to reach US$ 67,208.2 million revenue by 2026 end.
The global advanced semiconductor packaging market is segmented into application, packaging type, end user, and region. Based on the packaging type, the market is segmented into 2.5D/3D, Flip Chip (FC), Fan-In Wafer-Level Packaging (FI WLP), and Fan-Out Wafer-Level Packaging (FO WLP). Flip Chip (FC) is expected to witness the highest growth during the forecast period.
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By application, Central Processing Units/Graphical Processing Units are anticipated to witness significant growth during 2017-2026.
End Users are further segmented into consumer electronics, medical devices, aerospace and defense, automotive, telecommunications, and other end users. Among these, consumer electronics are expected to be the largest users of advanced semiconductor packaging during the forecast period.
Asia Pacific Excluding Japan (APEJ) is likely to dominate the global advanced semiconductor packaging market from 2017 to 2026. Presence of the major market players in the region is one of the factors driving the market growth. Companies are also investing in countries such as China to develop research and development facility and chip packaging manufacturing facilities. As emerging economies such as China are focusing more on advanced technologies, 2.5D IC and 3D ICs are being used on a large scale for chip packaging. Also, low labor cost and availability of cheap raw material are leading towards the significant growth of advanced semiconductor packaging market.
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Transparency Market Research (TMR) is a next-generation provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations
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