There were 1,714 press releases posted in the last 24 hours and 466,586 in the last 365 days.

Global $41Bn+ Semiconductor Packaging Market Outlook, 2024 - High Adoption Rate in Consumer Electronics to Augment Market Growth

Dublin, July 26, 2019 (GLOBE NEWSWIRE) -- The "Semiconductor Packaging Market - Growth, Trends, and Forecast (2019 - 2024)." report has been added to's offering.

The global semiconductor packaging market was valued at USD 26.12 billion in 2018 and is expected to be worth USD 41.16 billion by 2024, recording a CAGR of 7.96% over the forecast period (2019-2024).

Owing to the growing demand across various end-user verticals of the packaging industry, the industry has witnessed a continuous transformation in terms of characteristics, integration, and energy efficiency of the product. Since packaging is in the early stage in the electronics value chain, the growth of the market studied is directly impacted by the growth of the semiconductor market.

  • The advent of IoT and artificial intelligence (AI) and the proliferation of sophisticated electronics are factors driving the high-end application segment across the consumer electronics and automotive industries that have increased the rate of adoption of the latest semiconductor packaging technologies, to meet the growing demand.
  • Semiconductor packaging technology has evolved to minimize the costs involved and enhance the overall efficacy of ICs. Vendors in the market are under constant pressure to deliver innovative solutions in terms of the size of the packaging, performance, and the time-to-market aspect.
  • Also, the emergence of 2.5D and 3D packaging mechanism, as of mid-2010, has made semiconductor manufacturers extend their flip-chip and wafer-level capabilities, owing to their enhanced functionality.

Key Market Trends

High Adoption Rate in Consumer Electronics Segment to Augment Market Growth

  • The electronics market constantly demands higher power dissipation, faster speeds, and higher pin counts, along with smaller footprints and lower profiles. The miniaturization and integration of semiconductors have given rise to smaller, lighter, and more portable devices, like tablets, smartphones, and the emerging IoT devices.
  • Each new iteration of consumer electronics products is smarter, lighter, and more energy efficient than its predecessors. This advantage creates huge expectations among customers for the next iteration, which is a significant selling point for the producers of consumer electronics.
  • In addition to this, smartphones are one of the most significant contributors to semiconductor consumption in the consumer electronics segment. In recent years, the United States has witnessed consistent growth in smartphone sales. With this trend likely to continue, it is poised to drive the semiconductor demand, in turn, augmenting the packaging market growth.

North America Expected to Hold a Significant Share

  • Countries in the region, such as the United States lead the world in manufacturing, design, and research in the semiconductor industry. The United States is also the frontrunner in semiconductor packaging innovation, boasting of 80 wafer fabrication plants spread across 19 states. Apart from this, investments in the country by major players are set to fuel the semiconductor packaging market.
  • For instance, Intel Corporation in 2017 had planned to invest more than USD 7 billion to complete Fab 42, a semiconductor factory, which is expected to be ready in 3-4 years.
  • Apart from this, the United States is home to some of the major automotive players in the world, which are investing in the electric car segment. This is set to augment the demand for semiconductors in the automotive industry significantly. In turn, it is driving the semiconductor packaging market.
  • For instance, Toyota in 2018 announced CAD 1.4 billion in two factories in central Canada where it plans to build its largest hybrid hub in North America. The government is expected to support the investment with CAD 110 million in Cambridge and Woodstock.

Competitive Landscape

The competitive landscape of the market is moderately fragmented as there are various packaging solution providers for the semiconductor market. Companies are focusing on following a different path, shifting their focus away from performance and price.

Topics Covered

1.1 Study Deliverables
1.2 Study Assumptions
1.3 Market Definition



4.1 Market Overview
4.2 Introduction to Market Drivers and Restraints
4.3 Market Drivers
4.3.1 Growing Consumption of Semiconductor Devices Across Industries
4.3.2 Need for Miniaturization of Semiconductor Devices
4.4 Market Restraints
4.4.1 High Initial Investment and Increasing Complexity of Semiconductor IC Designs
4.5 Industry Attractiveness - Porter's Five Force Analysis
4.5.1 Bargaining Power of Suppliers
4.5.2 Bargaining Power of Buyers/Consumers
4.5.3 Threat of New Entrants
4.5.4 Threat of Substitute Products
4.5.5 Intensity of Competitive Rivalry
4.6 Value Chain Analysis

5.1 By Packaging Platform
5.1.1 Flip Chip
5.1.2 Embedded Die
5.1.3 Fan-in Wafer Level Packaging
5.1.4 Fan-out Wafer Level Packaging
5.2 By End-user Industry
5.2.1 Consumer Electronics
5.2.2 Aerospace & Defense
5.2.3 Medical Devices
5.2.4 Communications & Telecom
5.2.5 Automotive Industry
5.2.6 Energy & Lighting
5.3 Geography
5.3.1 North America
5.3.2 Europe
5.3.3 Asia-Pacific
5.3.4 Latin America
5.3.5 Middle East & Africa

6.1 Company Profiles
6.1.1 ASE Group
6.1.2 Amkor Technology
6.1.3 Jcet/Stats Chippac Ltd.
6.1.4 Siliconware Precision Industries Co. Ltd.
6.1.5 Powertech Technology Inc.
6.1.6 Tianshui Huatian Technology Co. Ltd.
6.1.7 Fujitsu Ltd.
6.1.8 UTAC Group
6.1.9 Chipmos Technologies Inc.
6.1.10 Chipbond Technology Corporation
6.1.11 Intel Corporation
6.1.12 Samsung Electronics Co. Ltd.
6.1.13 Unisem (M) Berhad
6.1.14 Interconnect Systems Inc.
6.1.15 Carsem



For more information about this report visit

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

         Laura Wood, Senior Press Manager
         For E.S.T Office Hours Call 1-917-300-0470
         For U.S./CAN Toll Free Call 1-800-526-8630
         For GMT Office Hours Call +353-1-416-8900
Related Topics: Semiconductor

Primary Logo