Global Semiconductor Assembly and Testing Services (SATS) Market Revenue to Expand at 4.7% CAGR During 2017–2027; Driven by Growing Demand for Consumer Electronics and Integration of Electronics in the Automotive Industry
Jan 31,2018 | Electronics, Semiconductors, and ICT
Future Market Insights has presented a detailed analysis and revised forecast analysis in its new report titled, “Semiconductor Assembly and Testing Services (SATS) Market: Global Industry Analysis (2012–2016) and Opportunity Assessment (2017–2027)”. The global semiconductor assembly and testing services (SATS) market was valued at US$ 27,700 Mn in 2016, and is expected to register a CAGR of 4.7% from 2017 to 2027. Growing demand of consumer electronics, increasing integration of electronics and connectivity in automotive are major factors driving growth of the global semiconductor assembly and testing services (SATS) market.
Semiconductor industry is highly volatile in nature. Major market participants in this industry are fabless companies that focus on leveraging their resources in designing and utilizing their expertise in enhancing performance of the chipsets or ICs. Therefore, most of the semiconductor assembly, testing, and packaging related services are outsourced by fabless companies to third party providers known as ‘Outsourced Semiconductor Assembly and Test Service Providers’. Moreover, with the shift of semiconductor process technology to the larger wafers and smaller feature sizes, the cost of building a state-of-the-art wafer fabrication factory has increased considerably. Semiconductor assembly and testing services are offered in various end user industries. One of the major applications of semiconductor assembly and testing services is for communication.
Global semiconductor assembly and testing services (SATS) market is categorized on the basis of services, application and region. On the basis of services, the market is segmented as assembly & packaging and testing. The assembly and packaging segment is anticipated to register a CAGR of 5% during the forecast period.
On the basis of application, the global Semiconductor Assembly and Testing Services (SATS) market is segmented into communication, computing & networking, consumer electronics, industrial and automotive. The revenue contribution from the consumer electronics segment is anticipated to expand at a CAGR of 6.3% during the forecast period.
Among the regions, Taiwan is projected to exhibit relatively high growth in the global market, registering a CAGR of 5.6% over the forecast period. Revenue from the Semiconductor Assembly and Testing Services (SATS) Market in North America and APAC (excluding Taiwan) is expected to collectively account for over 40% of the global Semiconductor Assembly and Testing Services (SATS) Market revenue in 2017. Semiconductor Assembly and Testing Services providers can focus on expanding their footprints across several countries in APAC and Europe regions such as India and UK.
For More Detailed Insights on Semiconductor Assembly And Testing Services Market
On the basis of assembly and packaging, the Global Semiconductor Assembly and Testing Services (SATS) Market is segmented into copper wire & gold wire bonding, copper clip, flip chip, wafer level packaging and TSV. The revenue contribution from the wafer level packaging segment is anticipated to expand at a CAGR of 8.8% during the forecast period.
This report also covers trends driving each segment and offers analysis and insights regarding the potential of Semiconductor Assembly and Testing Services (SATS) Market in regions including North America, Latin America, Europe, APAC (excluding Taiwan), Taiwan and Middle East and Africa (MEA).
Some of the top companies identified across the Semiconductor Assembly and Testing Services (SATS) value chain are ASE Group, Amkor Technology, JCET, Powertech Technology Inc., SPIL, UTAC, ChipMOS TECHNOLOGIES INC., Tongfu Microelectronics Co. Ltd., Tianshui Huatian Technology Co., Ltd, King Yuan ELECTRONICS Co. Ltd. And others.
For more insights into the global semiconductor assembly and testing services (SATS) market, write in to Future Market Insights analysts at firstname.lastname@example.org.
About Electronics, Semiconductors, and ICT division of FMI
The electronic, semiconductors, and ICT division at Future Market Insights focuses on tracking and analyzing ever-changing dynamics of the IT and telecommunication industry. The ICT team has also executed several complex projects pertaining to the convergence of healthcare and ICT, rapid adoption of ‘as-a-service’ business model, growth prospects of consumer electronics market, and evolution in design and fabrication of semiconductors. To help clients from all over the globe meet their unique needs, the team offers a variety of customized market research reports and consulting services: reach out to explore how we can help.
About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centres in the U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and take critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously track emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.