June 22, 2022 11:45 ET | Source: Straits Research Straits Research
New York, United States, June 22, 2022 (GLOBE NEWSWIRE) -- Chip packaging has progressed from providing protection and I/O for a single isolated chip to encompass a growing number of ways for interconnecting multiple chips. Advanced packaging has become crucial for integrating additional functionality into a range of electronics, such as cellular phones and self-driving cars, by enabling high device density in a small footprint.
Demand for Advanced Packaging to Skyrocket as Demand for Device Miniaturization Grows
As technology progresses, manufacturers are focusing on offering tiny electronic devices in a variety of industries, including consumer electronics, healthcare, automotive, and semiconductor IC manufacturing. In order to accomplish fine patterning on wafers and chips, these companies are reducing integrated circuits. Furthermore, as wearable and personalized healthcare devices get more sophisticated, demand for nano-sized robotic surgery equipment is increasing in the medical device industry. Designers must extend beyond traditional packaging methods and apply smart packaging as a result of the trend toward compact electronic gadgets.
Thin wafers help to reduce package thickness, which is advantageous for smartphones, portable devices, and other compact electronic devices. Miniaturized electronic devices are in high demand due to emerging applications in semiconductor technology that use ultra-thin and ultra-thin dies, which serves to drive the global advanced packaging market.
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Fan-out Wafer Level Packaging Emerging Trends to Create Lucrative Opportunities in the Advanced Packaging Market
Fan-out wafer-level packaging is a type of integrated circuit packaging that outperforms regular wafer-level packaging. Unlike standard wafer-level packaging, which involves packaging integrated circuits while the wafer is still intact and then chopping, fan-out wafer-level packaging involves packaging integrated circuits while the wafer is still intact and then chopping. Fan-out wafer-level packaging features a smaller package footprint and superior thermal and electrical performance than standard packages. Furthermore, wafer-level packaging that is fanned out encourages multiple wafer interactions while minimizing die size.
Several important factors influence the global adoption of technology. Wafer bumping, flip-chip reflow, increased wafer-level yield, embedded passive device integration, and easier system-in-package and 3D integrated circuits packaging acceptance are just a few of the benefits. These features encourage the use of fan-out level packaging in current packaging solutions and provide the opportunity for successful global market expansion.
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With revenue expected to expand at a CAGR of 10% to USD 80,060 million by 2030, Asia-Pacific dominated the global advanced packaging market.
The Asia-Pacific region is the world's fastest growing. It is the most profitable market for advanced packaging due to the availability of high-end upgrading technologies, growing demand for smart devices, and expansion in manufacturing industries. A number of useful non-profit organizations also contribute to the advancement of packaging technology. These organizations take a variety of steps to strengthen electricity infrastructure, which helps the advanced packaging industry in the region grow.
At a CAGR of 10% estimated to create USD 10,625 million in revenue by 2030, the North American region accounts for the second-largest share of the global advanced packaging market.
North America is made up of the United States, Canada, and Mexico. The increase in disposable affluence of the North American population is driving sales of equipped modern packaging. The requirement for clever and smart equipment and technological platforms has increased the use of creative packaging solutions across several industries. In the energy and power industry, improved technology is promoting the market growth.
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Key Players in the Global Advanced Packaging Market
Some of the key players in the global advanced packaging market are
Global Advanced Packaging Market: Segmentation
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4.2 Value Chain Analysis: Advanced Packaging Market
4.4 Porter’s Five Forces Analysis
4.6 Forecast Factors & Relevance of Impact
4.15.1 Pre and Post Covid-19 Market Scenario Analysis
4.15.2 Market Recovery Timeline and Challenge
4.15.3 Measures Taken by Top Players
4.15.4 Quarterly Market Revenue and Growth Forecast till 2021
4.15.4.4 Central and South America and the Caribbean
4.15.4.5 The Middle East and Africa
5.1.1 Market Size & Forecast (Value & Volume)
5.2.1 Market Size & Forecast (Value & Volume)
5.3.1 Market Size & Forecast (Value & Volume)
5.4.1 Market Size & Forecast (Value & Volume)
5.5.1 Market Size & Forecast (Value & Volume)
5.6.1 Market Size & Forecast (Value & Volume)
5.7.1 Market Size & Forecast (Value & Volume)
6.1.1 Market Size & Forecast (Value & Volume)
6.2.1 Market Size & Forecast (Value & Volume)
6.3.1 Market Size & Forecast (Value & Volume)
6.4.1 Market Size & Forecast (Value & Volume)
6.5.1 Market Size & Forecast (Value & Volume)
6.6.1 Market Size & Forecast (Value & Volume)
6.7.1 Market Size & Forecast (Value & Volume)
7.1.1 Market Size & Forecast (Value & Volume)
7.3 Central and South America and the Caribbean
7.3.6 Rest of Central and South America and the Caribbean
7.6.8 The Rest Of Middle East
8 Competitive Landscape — Manufacturers & Suppliers
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