Advanced Packaging Market

WILMINGTON, DELAWARE , UNITED STATES, October 7, 2023 /EINPresswire.com/ -- Allied Market Research published a report on the Advanced Packaging Market by Type, and End Use: Global Opportunity Analysis and Industry Forecast, 2020-2027. 

The global advanced packaging market size was valued at $29.42 billion in 2019 and projected to reach $64.19 billion by 2027, growing at a CAGR of 10.2% from 2020 to 2027.

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Advanced packaging is a supporting case that prevents physical damage and corrosion to silicon wafers, logic units, and memory, during the final stage of semiconductor manufacturing process. Advanced packaging allows the chip to be connected to a circuit board. In addition, it involves grouping of a variety of distinct techniques, which include 2.5D, 3D-IC, fan-out-wafer-level packaging, and system-in-package.

Advanced packaging market is expected to leverage high potential for the consumer electronics and automotive vertical in 2026. The current business scenario is witnessing an increase in the demand for smart consumer electronics, particularly in the developing regions such as China, India, and others, due to an increase in demand for technological advancements in this sector such as adoption of AI and IoT. Companies in this industry are adopting various innovative techniques such as mergers and acquisition activities, to strengthen their business position in the competitive matrix.

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Competitive Analysis: 
The competitive environment of the advanced packaging industry is further examined in the report. It includes details about the key players in the market's strengths, product portfolio, advanced packaging market share and size analysis, operational results, and market positioning. It comprises the actions taken by the players to grow and expand their presence through agreements and entering new business sectors. Mergers and acquisitions, joint ventures, and product launches are some of the other techniques used by players.

Some of the major key players of the advanced packaging industry include:
⦁ Amkor Technology
⦁ Intel Corporation
⦁ Qualcomm Technologies Inc.
⦁ Taiwan Semiconductor Manufacturing Company
⦁ IBM
⦁ Microchip Technology
⦁ Renesas Electronics Corporation
⦁ Texas Instruments
⦁ Analog Devices

The advanced packaging market is steadily gaining traction, owing to rise in demand for enhanced technologies in various industry verticals such as integration of IoT, AI, and surge in demand for smart consumer electronics. Technological development by the emerging economies in Asia-Pacific boosts the advanced packaging market growth. The ambitious project of 100 smart cities in India is projected to surge the adoption of smarter solutions for storage, since the project is based on the concept of using sensors and wireless technology to establish a wide connectivity network.

The global advanced packaging market is highly competitive, owing to the strong presence of the existing vendors. Advanced Packaging vendors who have access to extensive technical and financial resources are anticipated to gain a competitive edge over their rivals, as they have the capacity to cater to the global market requirements. The competitive environment in this market is expected to further intensify with increase in technological innovations, product extensions, and different strategies adopted by the key vendors.

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Key Benefits for Stakeholders:
⦁ This study comprises analytical depiction of the global advanced packaging market size along with the current advanced packaging market trends and future estimations to depict the imminent investment pockets.
⦁ The overall advanced packaging market analysis is determined to understand the profitable trends to gain a stronger foothold.
⦁ The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
⦁ The current advanced packaging market forecast is quantitatively analyzed from 2019 to 2027 to benchmark the financial competency.
⦁ Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the advanced packaging market.

About Us:
Allied Market Research is a top provider of market intelligence that offers reports from leading technology publishers. Our in-depth market assessments in our research reports take into account significant technological advancements in the sector. In addition to other areas of expertise, AMR focuses on the analysis of high-tech systems and advanced production systems. We have a team of experts who compile thorough research reports and actively advise leading businesses to enhance their current procedures. Our experts have a wealth of knowledge on the topics they cover. Also, they use a variety of tools and techniques when gathering and analyzing data, including patented data sources.  

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Allied Market Research
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