Semiconductor Assembly and Testing Services Market Segmented By Assembly & Packaging Services, Testing Services in Communication, Computing & Networking, Consumer Electronics, Industrial, Automotive Electronics Application
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 (SATS) market.
In a new Persistence Market Research report, the semiconductor assembly and testing services (SATS) market is projected to expand at a healthy CAGR of close to 6% during the forecast period of 2021 to 2031,with the market valued at approximately US$ 32.5 Bn at present.
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.
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Key Takeaways from Market Study
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 SATS.
Market Leaders Hold More than 50% 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 50-60% market share.
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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 SATS market, along with business and marketing strategies of emerging market players. Some market players included in the report are
Learn More about Report Inclusions
A new market research report published by Persistence Market Research on the global SATS market includes global industry analysis for 2016-2020 and opportunity assessment for the 2021-2031.
This report provides a valuable analysis of the global semiconductor assembly and testing services market through three different categories – service (assembly & packaging services that also include copper wire & gold wire bonding, flip chips, wafer level packaging, TSV, and others, and testing services) and application (communication, computing & networking, consumer electronics, industrial, and automotive electronics), across seven major regions of the world.
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Market Segmentation
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Persistence Market Research is a U.S.-based full-service market intelligence firm specializing in syndicated research, custom research, and consulting services.
Jun 14, 2023
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