PUBLISHER: SkyQuest | PRODUCT CODE: 1448367
PUBLISHER: SkyQuest | PRODUCT CODE: 1448367
Global Advanced Packaging Market size was valued at USD 30.60 billion in 2022 and is poised to grow from USD 33 billion in 2023 to USD 60.36 billion by 2031, growing at a CAGR of 7.84% during the forecast period (2024-2031).
Advanced packaging plays a crucial role as a protective enclosure safeguarding silicon wafers, logic units, and memory from physical damage and corrosion during semiconductor manufacturing's final stage, while also facilitating chip connection to circuit boards through innovative techniques like 2.5D, 3D-IC, fan-out-wafer-level packaging, and system-in-package. The market for advanced packaging, particularly fan-out wafer level packaging, has experienced rapid expansion driven by the surging demand for smartphones, IoT devices, and high-end products, prompting industry suppliers to develop cost-effective processes for improved operational efficiency. Despite currently being predominantly utilized for high-end and niche-market applications due to higher operational costs, advanced packaging holds significant potential for accommodating the diverse packaging needs of various integrated circuits (ICs), offering growth opportunities that surpass traditional packaging methods. With expectations to surpass conventional packaging solutions in capabilities, advanced packaging is poised to foster lucrative market trends and further advancements in the field in the forthcoming years.
Top-down and bottom-up approaches were used to estimate and validate the size of the Global Advanced Packaging Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Global Advanced Packaging Market Segmental Analysis
The Global Advanced Packaging Market is segmented on the basis of Type, End - Use, and Region. By Type the market is segmented into Flip Chip CSP, Flip-Chip Ball Grid Array. By End - User, the market is segmented into Consumer Electronics, Automotive. By Region, the market is segmented into North America, Europe, Latin America, Asia- Pacific, Middle East and Africa.
Drivers of the Global Advanced Packaging Market
In today's electronics landscape, the ongoing push for miniaturization underscores the vital role of advanced packaging methods. These techniques are indispensable for seamlessly integrating numerous components into a singular package, thereby enhancing the device's performance and functionality on a comprehensive scale.
Restraints in the Global Advanced Packaging Market
Intellectual property issues, coupled with the absence of uniform advanced packaging solutions, can introduce uncertainties and impede market expansion by deterring companies from committing to proprietary technologies.
Market Trends of the Global Advanced Packaging Market
Fan-Out Wafer-Level Packaging (FOWLP) has surged in popularity thanks to its capacity for producing thinner, more economical packages, rendering it an appealing option for mobile devices and high-performance applications.