Demand for Semiconductor Assembly and Testing Services to Grow Healthy, as Sales of Connected Devices Ramp up: PMR
Published On : Dec 18, 2019
Exploding production volumes of semiconductors, memory chips, and wafers for integration in consumer electronic products and wireless/mobile handsets will remain a key booster to the semiconductor assembly and testing services market. In a new Persistence Market Research (PMR) report, the global semiconductor assembly and testing services market is projected for a healthy CAGR of 5.8% during the forecast period of 2019-2029.
The study opines that the semiconductor assembly and testing services market landscape will continue to witness the emergence of multiple revenue generation opportunities with the technological advances such as organic-substrate-interposer technology and silicon-via-interconnection technology.
Key Takeaways - Semiconductor Assembly and Testing Services Market Study
- Sales will be prominent in consumer electronics industry, as the demand for audio/video equipment, cameras, calculators, and smart homes (home safety equipment & accessories) is on a continued upward trend.
- Asia Pacific excluding Japan is expected to create lucrative growth opportunities for semiconductor assembly and testing services providers. This is attributed to rapid growth of semiconductor packaging space and increasing application of semiconductor assembly methodologies in the region.
- Increasing demand for connected devices including smartphones and tablets would propel demand for enhanced packaging technologies, thereby creating growth opportunities for service providers in the semiconductor assembly and testing services market.
Semiconductor assembly and testing services providers can improve revenues by upgrading existing facilities to deliver superior electrical and thermal performance, in addition to exhibiting high input and output capabilities.
Semiconductor assembly and testing services are used in different industries applications such as communication, computing & networking, automotive, consumer electronics. Manufacturers in these industry applications are actively using 3D semiconductor assemblies to reduce their downtime and maximize functionality of their products. Moreover, notable growth of end-use industries such as electronics and semiconductors, automotive, manufacturing, and packaging will offer multiple potential growth opportunities to manufacturers and providers of semiconductor assembly and testing services.
Market Leaders Hold More than 40% Share
The global semiconductor assembly and testing services market is highly competitive due to presence of a large number of medium- and large-sized electronics and semiconductors service providers. Leading market participants in the semiconductor assembly and testing services market are estimated to hold around 40%-45% of the market share. Service development and innovation is a key strategy used by semiconductor service providers in the semiconductor assembly and testing services market to enhance their market presence and end user experience.
This report provides valuable insights at the company level, focusing on services innovation in the semiconductor assembly and testing services market, along with business and marketing strategies of emerging market players. Some market players included in the report are ASE Technology Holding Co., Ltd., Amkor Technology, Inc., Siliconware Precision Industries Co., Ltd., Powertech Technology, Inc., Jiangsu Changjiang Electronics Tech Co, and ChipMOS Technologies Inc.
Learn More About Report Inclusions
A new market research report published by Persistence Market Research (PMR) on the global semiconductor assembly and testing services market includes global industry analysis for 2014-2018 and opportunity assessment for the 2019-2029. This report provides a valuable analysis of the global semiconductor assembly and testing services market through three different categories - services(assembly & packaging services which also includes copper wire & gold wire bonding, flip chip, wafer level packaging, TSV, and others, and testing services), application (communication, computing & networking, consumer electronics, industrial, and automotive electronics), and across seven major regions.
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About PMR’s Expertise in Electronics & Smart Devices
The Electronics & Smart Devices division of PMR offers time-efficient research, and strategic recommendations about the electronics, semiconductor, and ICT industry. The team at Persistence Market Research helps clients with an objective to offer effective insights and accurate results. With a repertoire of over 100+ reports and 1 million plus data points, the team has been analyzing the industry lucidly in 50+ countries for over a decade. The team provides a comprehensive analysis on key trends including competitive landscape, profit margin, and research development efforts.
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