Semiconductor Assembly and Testing Services Market Segmented By Assembly & Packaging Services, Testing Services in Communication, Computing & Networking, Consumer Electronics, Industrial, Automotive Electronics Application
Industry: Semiconductor Electronics
Published Date: January-2023
Format: PPT*, PDF, EXCEL
Delivery Timelines: Contact Sales
Number of Pages: 280
Report ID: PMRREP4786
The market for semiconductors assembly test services amounted to a market value of US$ 33,533.2 Mn in 2022, the value estimated to rise to US$ 35,109.3 Mn in 2023. The semiconductors assembly test services market projected to reach US$ 64,879.0 Mn in 2033, and will grow at a CAGR of 6.3% over the forecast period.
Semiconductor testing services are widely used to ensure that products meet the required quality requirements. Individual components or entire products can be subjected to such tests. Semiconductor assembly (also known as packaging) and testing services are critical components of the semiconductor production process. It includes wafer and part testing as well as high-tech, research-driven packaging.
Nowadays, automobiles are becoming smarter with more advanced experiences, autonomous driving, improved fuel efficiency, and more customised experiences. While there are boundless possibilities for how cars can improve the lives of drivers and travellers to make them safer and more hassle-free, the automobile sector has already identified ways for technologies to catalyse its speedy advancement. Electric and hybrid vehicles are popular because they are not only more environmentally friendly due to lower carbon emissions, but they are also more affordable.
Semiconductor chips turn out to be a substantial part of recent vehicles, as they are used in several functionalities of motor vehicles. advancements of the automobile sector in implementing integrated ICs, advanced microcontrollers, sensors, ADAS, and motor driver ICs, drastically shaping the growth of the semiconductor market.
The market for East Asia held the largest market share for the base year 2022, which was around 23.4%, this was followed by North America that held the second largest market share of 20.4% for 2022.
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Semiconductor Assembly Test Services Market Size (2023) |
US$ 35,109.3 Mn |
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Projected Market Value (2033) |
US$ 64,879.0 Mn |
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Global Market Growth Rate (2023-2033) |
6.3% |
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Assembly & Packaging Services Market Share (2022) |
59.2% |
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India Market Growth Rate (2022) |
7.6% |
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Consumer Electronics Segment Market Share (2022) |
27.1% |
“Development in Technologies Using Electronics and Semiconductors and Manufacturing Will Help Semiconductor Assembly Test Services Market Grow”
The growth of semiconductor manufacturing across regions and countries outside East Asia will act as an opportunity for the semiconductor assembly and test services market. Other factors that could allow the market to expand further include the development of IoT technologies, smart home technologies, and an increase in the number of electric vehicles, as well as technologies such as Lab-on-a-Chip in the healthcare sector.
“Presence of Strong Players Allows US to be a Strong Market”
Due to factors such as increasing utilisation of chips and integrated circuits in various industry verticals, the presence of major market players such as Amkor Technology, Integra Technologies, and so on, the US semiconductor assembly test services market is estimated to hold the share of 17.4% in the global semiconductor assembly test services market.
Furthermore, increasing demand for the electronic devices embedded with the semiconductors, coupled with the rising trend towards electric vehicles, are some of the key factors behind the widespread adoption of the semiconductor assembly testing services in the US region.
“Implementation of the Latest Technologies in Germany Acting as a Driver for the Market”
The semiconductor assembly and testing services market is expanding as a result of factors such as the widespread adoption of 5G technology and the increasing demand for RF modules and system-in-package technology in the telecommunications industry.
Moreover, the rising integration of IoT technology is accelerating the demand for less expensive and more advanced semiconductor devices, which are key factors behind the rapid growth of the semiconductor assembly and test services market in the German region.
“Growth in the Use of Electronic Devices to Boost the Semiconductor Assembly Test Services Market in India”
Due to factors such as the rapid expansion of the electronic industry in the region and increasing governmental initiatives towards the development of smart electronic devices, the purchasing power of people in this country is increasing, as is the level of urbanization. This factor allows the people in this country to spend more money on electronic devices for consumer and industrial purposes.
Additionally, growing demands for the semiconductor chips & wafer due to the rising adoption of e-devices combined with the increased adoption of the cloud services are providing lucrative environment for the growth of semiconductor assembly test services market in the Indian region.
Why do the Assembly and Packaging Services Hold the Larger Market Share by Service?
“Vast Demand for Electronics Cause Assembly and Packaging Services to Hold the Larger Market Share”
Assembly and packaging services were estimated to have the largest market share in 2022, with a market share of 59.2%. The reason is the constant demand for semiconductor devices across sectors and end users. The variety of purposes that electronic devices meet allows the market to provide various different semiconductor assembly and test services.
Why Consumer Electronics Have the Largest Market Share by Application?
“Consumer Electronics Are Widely Used and Come in Various Variety Allowing This Segment to Hold the Largest Market Share”
Consumer electronics are widely used consumer products all over the world. The increased adoption of a broader range of consumer electronics in the residential sector has significantly boosted the global consumer electronics market's growth. Because portable and lightweight electronic goods are becoming more popular among consumers, the demand for semiconductor assembly and testing services in consumer electronics is rapidly increasing.
Mobile phones, laptop computers, televisions, smartphones, refrigerators, home appliances, and wearable devices are among the most popular consumer electronic products.
In 2022, the semiconductor assembly test services market share for consumer electronics was estimated for the global market and accounted for 27.1% of the total market value share.
There is a strong competition in the semiconductor assembly test services market, but this task is often outsourced to different organisations, allowing a growth for such organisations that perform these tasks.
Recent developments related to key players providing semiconductor assembly test services market have been tracked by the analysts at Persistence Market Research, which will be accessible in the full report.
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Details |
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Forecast Period |
2023-2033 |
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Historical Data Available for |
2018-2022 |
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Market Analysis |
US$ Mn for Value |
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Key Regions Covered |
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Key Countries Covered |
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Key Market Segments Covered |
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Key Companies Profiled |
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Pricing |
Available upon Request |
By Service:
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In 2022, demand for semiconductor assembly test services market held a market value of US$ 33,533.2 Mn.
The globally semiconductor assembly test services market is estimated to grow at a CAGR of 6.3% over the forecast period.
The market for the semiconductor assembly test services is forecasted to reach the market value of US$ 64,879.0 Mn by 2033.
Demand for semiconductor assembly test services in India is projected to rise 7.6% CAGR over the forecast period.
In 2022, the East Asia semiconductor assembly test services market held a dominant market share of 23.4%.
