Semiconductor Packaging Market by Packaging Platforms (Flip Chip, Embedded DIE, Fan-in Wafer Level Packaging, Fan-out Wafer Level Packaging), End-user Industries (Consumer Electronics, Aerospace and Defense, Medical Devices, Communications and Telecom, Automotive Industry, and Energy and Lighting), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028
The global semiconductor packaging market size is projected to expand at a considerable CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the increasing demand for consumer electronics in emerging economies.
Semiconductor packaging is a protective case that prevents physical damage to silicon wafers, logic units, and memory during the final stage of semiconductor manufacturing process. It makes chip to connect to circuit easily. Semiconductor devices are thinned, attached, bonded, and encapsulated with materials, enabling the development of innovative packaging technologies.
Semiconductor packaging materials are used to safeguard devices from deterioration and external influence. The outbreak of COVID-19 led to halt of the production for few months in 2020, affecting supply and revenue chain in the market. However, the relaxation on restriction eased the production and trade activities, and is expected to reach pre-COVID level by end of 2021.
Market Trends, Drivers, Restraints, and Opportunities
- Rising demand for various electronic applications is expected to boost the market growth.
- Rapid growth of the electric vehicle (EV) industry can positively influence the growth of the market.
- Chip shortage is anticipated to impede the market growth.
- Increasing cost of raw materials can hinder the growth of the market.
- Growing investments in electronics applications along with low-cost manufacturing, low workforce cost, and easy convenience of the raw materials can create lucrative opportunities for the market players.
Scope of the Report
The report on the global semiconductor packaging market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes |
Details |
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Report Title |
Semiconductor Packaging Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2020 |
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Historic Data |
2018–2019 |
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Forecast Period |
2021–2028 |
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Segmentation |
Packaging Platforms (Flip Chip, Embedded DIE, Fan-in Wafer Level Packaging, Fan-out Wafer Level Packaging), End-user Industries (Consumer Electronics, Aerospace and Defense, Medical Devices, Communications and Telecom, Automotive Industry, and Energy and Lighting) |
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Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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Key Players Covered in the Report |
ASE Group; Amkor Technology; JCET/Stats Chippac Ltd; Siliconware Precision Industries Co. Ltd (SPIL); and Powetech Technology, Inc. |
Semiconductor Packaging Market Segment Insights
Flip chip segment is expected to grow at a rapid pace
Based on packaging platforms, the market is divided into flip chip, embedded die, fan-in wafer level packaging, fan-out wafer level packaging. The flip chip segment is expected to grow at a rapid pace during the forecast period owing to superior electrical and thermal performance. However, the embedded DIE segment is anticipated to hold a key share of the market in the coming years owing to lower electrical & thermal resistivity in package, which improves power performance.
Automotive segment is projected to expand at a considerable CAGR
On the basis of end-user industries, the market is segregated into consumer electronics, aerospace and defense, medical devices, communications and telecom, automotive industry, and energy and lighting. The automotive segment is projected to expand at a considerable CAGR during the forecast period on account of increasing demand for electric cars globally. On the other hand, the medical devices segment is anticipated to account for a major market share during the forecast period owing to increasing demand for medical instruments amidst the pandemic.
North America is anticipated to constitute a key market share
In terms of regions, the global semiconductor packaging market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market in North America is expected to constitute a key share of the market during the projected timeline owing to growing adoption of medical devices in the healthcare industry. However, Asia Pacific is anticipated to expand at a healthy rate during the forecast period owing to relaxation on international trade activities.
2. Assumptions and Acronyms Used
3. Research Methodology
4. Semiconductor Packaging Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Semiconductor Packaging Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Semiconductor Packaging Market - Supply Chain
4.5. Global Semiconductor Packaging Market Forecast
4.5.1. Semiconductor Packaging Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Semiconductor Packaging Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Semiconductor Packaging Market Absolute $ Opportunity
5. Global Semiconductor Packaging Market Analysis and Forecast by Region
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Region
5.2.2. Y-o-Y Growth Projections by Region
5.3. Semiconductor Packaging Market Size and Volume Forecast by Region
5.3.1. North America
5.3.2. Latin America
5.3.3. Europe
5.3.4. Asia Pacific
5.3.5. Middle East and Africa (MEA)
5.4. Absolute $ Opportunity Assessment by Region
5.5. Market Attractiveness/Growth Potential Analysis by Region
5.6. Global Semiconductor Packaging Demand Share Forecast, 2019-2026
6. North America Semiconductor Packaging Market Analysis and Forecast
6.1. Introduction
6.1.1. Basis Point Share (BPS) Analysis by Country
6.1.2. Y-o-Y Growth Projections by Country
6.2. North America Semiconductor Packaging Market Size and Volume Forecast by Country
6.2.1. U.S.
6.2.2. Canada
6.3. Absolute $ Opportunity Assessment by Country
6.4. Market Attractiveness/Growth Potential Analysis
6.4.1. By Country
6.4.2. By Product Type
6.4.3. By Application
6.5. North America Semiconductor Packaging Demand Share Forecast, 2019-2026
7. Latin America Semiconductor Packaging Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.1.3. Latin America Average Pricing Analysis
7.2. Latin America Semiconductor Packaging Market Size and Volume Forecast by Country
7.2.1. Brazil
7.2.2. Mexico
7.2.3. Rest of Latin America
7.3. Absolute $ Opportunity Assessment by Country
7.4. Market Attractiveness/Growth Potential Analysis
7.4.1. By Country
7.4.2. By Product Type
7.4.3. By Application
7.5. Latin America Semiconductor Packaging Demand Share Forecast, 2019-2026
8. Europe Semiconductor Packaging Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Europe Average Pricing Analysis
8.2. Europe Semiconductor Packaging Market Size and Volume Forecast by Country
8.2.1. Germany
8.2.2. France
8.2.3. Italy
8.2.4. U.K.
8.2.5. Spain
8.2.6. Russia
8.2.7. Rest of Europe
8.3. Absolute $ Opportunity Assessment by Country
8.4. Market Attractiveness/Growth Potential Analysis
8.4.1. By Country
8.4.2. By Product Type
8.4.3. By Application
8.5. Europe Semiconductor Packaging Demand Share Forecast, 2019-2026
9. Asia Pacific Semiconductor Packaging Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Asia Pacific Average Pricing Analysis
9.2. Asia Pacific Semiconductor Packaging Market Size and Volume Forecast by Country
9.2.1. China
9.2.2. Japan
9.2.3. South Korea
9.2.4. India
9.2.5. Australia
9.2.6. Rest of Asia Pacific (APAC)
9.3. Absolute $ Opportunity Assessment by Country
9.4. Market Attractiveness/Growth Potential Analysis
9.4.1. By Country
9.4.2. By Product Type
9.4.3. By Application
9.5. Asia Pacific Semiconductor Packaging Demand Share Forecast, 2019-2026
10. Middle East & Africa Semiconductor Packaging Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Middle East & Africa Average Pricing Analysis
10.2. Middle East & Africa Semiconductor Packaging Market Size and Volume Forecast by Country
10.2.1. Saudi Arabia
10.2.2. South Africa
10.2.3. UAE
10.2.4. Rest of Middle East & Africa (MEA)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Market Attractiveness/Growth Potential Analysis
10.4.1. By Country
10.4.2. By Product Type
10.4.3. By Application
10.5. Middle East & Africa Semiconductor Packaging Demand Share Forecast, 2019-2026
11. Competition Landscape
11.1. Global Semiconductor Packaging Market: Market Share Analysis
11.2. Semiconductor Packaging Distributors and Customers
11.3. Semiconductor Packaging Market: Competitive Dashboard
11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
Segments Covered in the Report
The global semiconductor packaging market has been segmented on the basis of
Packaging Platforms
- Flip Chip
- Embedded DIE
- Fan-in Wafer Level Packaging
- Fan-out Wafer Level Packaging
End-user Industries
- Consumer Electronics
- Aerospace and Defense
- Medical Devices
- Communications and Telecom
- Automotive Industry
- Energy and Lighting
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- ASE Group
- Amkor Technology
- JCET/Stats Chippac Ltd
- Siliconware Precision Industries Co. Ltd (SPIL)
- Powetech Technology, Inc.
Key players competing in the global semiconductor packaging market are ASE Group; Amkor Technology; JCET/Stats Chippac Ltd; Siliconware Precision Industries Co. Ltd (SPIL); and Powetech Technology, Inc.
In August 2021, Amkor Technology, a prominent provider of outsourced semiconductor assembly and test (OSAT) services, advanced the evolution of 5G RF module design, characterization and packaging technology, and empowered RF front-end cellular innovations with advanced SIP.
In July 2021, JCET/Stats Chippac Ltd., a provider of packaging and test manufacturing services, completed the acquisition of ADI, a Singapore-based test facility, to enhance the market competitiveness.
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