Reports and Insights freshly added a report titled “Semiconductor Assembly & Testing Services Market: Opportunity Analysis and Future Assessment 2022-2030” in its database of market research reports which offers its readers a detailed and profound analysis on the fresh growth opportunities, trends and growth drivers that are closely linked with the growth of the market. The report further provides crucial insights on the COVID-19 impacts on the Semiconductor Assembly & Testing Services Market along with the compound growth rate (CAGR) of the market for a forecasted period between 2022 and 2030. The report also comprises assessment of the market by employing various analytical tools, such as Porter’s five forces analysis and PESTEL analysis. These tools also offer an in-depth analysis on the micro and macro-environmental factors that are related to the growth of the market over the projected period.
The global semiconductor assembly & testing services market in 2022 is estimated for more than US$ 37,372.9 Mn and expected to reach a value of US$ 53,642.1 Mn by 2030 with a significant CAGR of 4.6%.
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Semiconductor Assembly & Testing Services Introduction
Semiconductor Assembly & Testing Services, or SATS, refers to the packaging of outsourced integrated circuit and testing of the final product before delivering it to the third-party providers. The advancements in the system in packaging or SiP modules and raising the demand for FOWLP solutions are the major trends that are propelling the growth of this market in a new direction. Factor like the increasing consumer demand for well-equipped automotive vehicles with steering assists, GPRS, multimedia systems, and others are also increasing the need for semiconductor assembly and testing services in order to ensure and deliver high-quality end-products.
Semiconductor Assembly & Testing Services Market Dynamics
Factors like advancement in technology along with the high adoption rate of consumer electronic products, like tablet PCs, smartwatches, fitness equipment, etc., are driving the need for SATS in the market. In addition, the fulfillment of efficient supply chain management by the SATS providers and increasing demand for electronic gadgets in the automobile sector serves as add-ons and propels the growth of the Semiconductor Assembly & Testing Services. However, fluctuating prices of electronic components may restrict the growth of SATS up to some extent.
The global Semiconductor Assembly & Testing Services (SATS) market is expected to increase at a significant CAGR over the forecast period owing to the increasing demand for automated control systems technologies, high disposable income, and adoption of cloud computing and IoT services. However, the high capital investment may slow down the demand for SATS.
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Semiconductor Assembly & Testing Services Market Segmentation
The global Semiconductor Assembly & Testing Services (SATS) market is segmented on the basis of services, packaging solutions, applications, and regions.
On the basis of services, the global Semiconductor Assembly & Testing Services (SATS) market can be segmented into assembly & packaging, and testing. On the basis of packaging solutions, the global Semiconductor Assembly & Testing Services (SATS) market can be segmented into copper & gold wire bonding, copper clip, flip chip, wafer-level packaging, and TSV. On the basis of application, the global Semiconductor Assembly & Testing Services (SATS) market can be segmented into automotive electronics, communication, computing & networking, consumer electronics, and industrial.
Semiconductor Assembly & Testing Services Market Key Players
Global Semiconductor Assembly & Testing Services (SATS) market is mainly dominated by Amkor Technology Inc., ASE Group, Chipbond Technology Corporation, CORWIL Technology Corp., Global Foundries Inc., Integrated Microelectronics Inc. (Psi Technologies Inc.), Powertech Technology Inc., Silicon Precision Industries Company Ltd. and STATS chipPAC Ltd. (JCET)
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