Global Semiconductor Chip Test Handler Market Expected to Reach USD 1,735.5 Million by 2031

According to a recent market study published by Growth Market Reports, titled, “Global Semiconductor Chip Test Handler Market” by Product, by Application, and by region: Size, Share, trends and opportunity Analysis, 2016-2031”, the market was valued at USD 945.8 Million in 2022 and is expected to grow at a growth rate of 7.3% by the year 2031.

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As per Growth Market Reports industry analyst Divjot Singh, “Global Semiconductor Chip Test Handler Market” is anticipated to witness significant growth during the forecast period 2023-2031.

The growth of the semiconductor chip test handler market is driven by several factors such as growing demand from consumer electronics such as smartphones, laptops and wearable devices that require efficiently performing semiconductor chips. Additionally, automotive industry, medical, and industrial sectors are influencing the market growth, in terms of high demand for micro-electrical mechanical systems (MEMS) and logic chips, used in different electronics devices that are applied in respective industries.

The supply chain is a system between a company and its suppliers to manufacture and distribute particular products to the final buyers. This system includes different activities, information, entities, people, and resources. Entities involved in the Semiconductor Chip Test Handler supply chain include manufacturers, suppliers/distributors, and end-users.

Raw materials used for manufacturing Semiconductor Chip Test Handler are Aluminum Frames or Steel Frames, Panels, Mounting Brackets, Screws, Bolts, and more. Semiconductor chip test handlers are manufactured by performing various steps and processes at manufacturing units, with the integration of various components, and testing for quality assurance. Manufacturers are responsible for appropriately inspect the finished semiconductor chip test handler to ensure safe transport and delivery.

The primary as well as secondary research methodology is used for keen observation and study of the Global Semiconductor Chip Test Handler Market. The primary research methodology involves commercial agreements made with the primary respondents as well as consulting partners to extract critical information pertaining to the syndicated as well as consulting projects.

Primary interviews were conducted with the stakeholders across industry verticals on regular intervals in line with the ongoing studies and to keep ourselves abreast with the latest market trends & developments. Validation of the estimated market size, current and future trends done from the key opinion leaders (KOLs). These KOLs are the CXO level people from leading companies in the industry and possess the experience of around 10-20 years in the industry.

On the other-hand the secondary research methodology involves exhaustive desk research undertaken to understand the prevailing market trends & dynamics, market competition, customer insights and other KPIs. Company websites, their SEC filings, annual reports, broker & financial reports and investor presentations are scanned for understanding the competitive scenario, details and developments, and the overall competitive landscape. Regional government and statistical databases analyzed for macro & micro analysis. Research publications and paid data referred to obtain and validate the market estimations, budget, expenditure and other statistical insights.

COVID-19 has slightly negative impact on the market due to the decrease in demand of Semiconductor Chip Test Handler from end use industry. The outbreak of COVID-19 significantly affected many industries, including automotive, electronics, and others. Business and manufacturing units across various countries were closed, owing to an increase in the number of COVID-19 cases.

When coronavirus started to blowout, semiconductor industry strike back to protect supply chains, safeguard employees, and take care of other urgent issues needed at that point of time. The composition of product portfolios, R&D strategy, demand projections, capital expenditures, supply-chain, production choices, and alternatives for mergers and acquisitions were all possible changes to the business model till pandemic arrived. However, due to the pandemic uncertainty, semiconductor companies found it challenging to make strategic choices.

Key Takeaways from the Study

• The players include ADVANTEST CORPORATION, ASMPT, Boston Semi Equipment, Chroma ATE Inc., Cohu,Inc, ENGMATEC Gmbh, HON.PREC, NS Technologies Inc., Pentamaster, SPEA S.p.A., SRM Integration (M) Sdn. Bhd, SYNAX CO.,LTD., TechWing, Inc., TESEC Corporation, Tokyo Weld Co., Ltd., UENO SEIKI CO.,LTD., and YoungTek Electronics Corp.

• Based on product the Global Semiconductor Chip Test Handler Market is segmented into gravity handlers, turret handlers, pick-and-place handlers, and strip handlers. The Turret handler segment is expected to grow at a rapid pace during the forecast period. The turret handler market is undergoing many major changes. One significant trend is the growing demand for high-speed testing solutions. With the increasing complexity and number of semiconductor chips, turret handlers with higher throughput capabilities are required to fulfil the demands of high-volume manufacturing environments

• Based on application, the Semiconductor Chip Test Handler Market is segmented into outsourced semiconductor assembly and test providers (OSAT), and integrated device manufacturers (IDM). The Semiconductor Chip Test Handler market in the outsourced semiconductor assembly and test providers (OSAT), and integrated device manufacturers (IDM) segment is expected to expand at a significant CAGR. This trend is expected to increase the growth opportunities for the market. Keeping the chip testing and handling processes in-house offers better protection of intellectual property and sensitive information for some semiconductor companies, particularly those engaged in the development of proprietary technologies or high-value products

• North America is expected to hold a significant market share during the forecast period. The North America region is home to leading semiconductor manufacturers and various technology companies. The presence of prominent key players in the countries such as US and Canada are expected to be key driving factors to the semiconductor chip test handler market.

Report Scope

Target Audience

• Demand Side: Semiconductor manufacturing companies, and integrated device manufacturers.

• Regulatory Side: Concerned government authorities, and other regulatory bodies.