Outsourced Semiconductor Assembly and Testing Market By Process (Sawing, Sorting, Testing, Assembly), By Packaging Type (Ball grid array, Chip scale package, Multi-package, Stacked die, Quad and dual), By Application (Automotive, Consumer electronics, Industrial, Telecommunication, Aerospace and defense, Medical and healthcare, Logistics and transportation): Global Opportunity Analysis and Industry Forecast, 2021-2031
The global outsourced semiconductor assembly and test market was valued at $34,553.5 million in 2021, and is projected to reach $60,334.5 million by 2031, registering a CAGR of 6.32% from 2022 to 2031. Outsourced semiconductor assembly and test (OSAT) are the number of companies that offers third-party IC-packaging as well as test services. IDMs and foundries often outsource a certain percentage of their IC-packaging production to OSATs with internal packaging operations. OSAT mainly emphasizes on providing advanced packaging as well as test solutions for semiconductor companies in various markets such as consumer goods, communications, and computing along with emerging markets such as Internet of Things (IoT), automotive electronics, and wearable devices.
The global outsourced semiconductor assembly and test market is mainly driven by increase in demand for consumer electronics and surge in degree of urbanization. In addition, increase in adoption of smartphones significantly fuels the market growth. However, high cost associated with OSAT services may hamper growth of the market during forecast period. On the other hand, growth in the chip market is anticipated to provide a huge opportunity for OSAT companies.
The assembly segment was the largest revenue contributor in 2021, and is expected to grow at a CAGR of 6.46% from 2022 to 2031. This is attributed to rise in need for effective supply chain management in the semiconductor manufacturing industry. By packaging type, the ball grid array segment was the leading largest contributor of revenue in 2020 and is expected to grow at a CAGR of 5.63% from 2022 to 2031. Technological advancements in the semiconductor industry has led to surge in demand for thinner and lighter electronics products.
This factor primarily drives growth of the ball grid array type of packaging, owing to several miniaturization advantages that it offers. By region, the outsourced semiconductor assembly and test market trends have been analyzed across North America, Europe, Asia-Pacific, and LAMEA. The analysis identified that North America contributed for the maximum revenue in 2021. This is attributed to increase in industrialization as well as rapid development in automotive and telecommunication industries.
The key players profiled in the report include Advanced Silicon S.A., Alphacore Inc., Amkor Technology, Inc., Device Engineering Inc., HiDensity Group (HMT microelectronic AG), Luminar Technologies, Inc. (Black Forest Engineering), Presto Engineering Group, Sencio BV, ShortLink group, and SiFive, Inc. (OpenFive). Market players have adopted various strategies such as product launch, expansion, collaboration, partnership, and acquisition to strengthen their foothold in the outsourced semiconductor assembly and test industry.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the outsourced semiconductor assembly and testing market analysis from 2021 to 2031 to identify the prevailing outsourced semiconductor assembly and testing market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the outsourced semiconductor assembly and testing market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global outsourced semiconductor assembly and testing market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Process
Sawing
Sorting
Testing
Assembly
By Packaging Type
Ball grid array
Chip scale package
Multi-package
Stacked die
Quad and dual
By Application
Automotive
Consumer electronics
Industrial
Telecommunication
Aerospace and defense
Medical and healthcare
Logistics and transportation
By Region
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Italy
Russia
Sweden
Netherlands
Rest Of Europe
Asia-Pacific
China
India
Japan
South Korea
Rest Of Europe
LAMEA
Latin America
Middle East
Africa
Key Market Players
ADVANCED SILICON S.A.
ALPHACORE INC.
AMKOR TECHNOLOGY, INC.
DEVICE ENGINEERING INC.
HIDENSITY GROUP (HMT MICROELECTRONIC AG)
PRESTO ENGINEERING GROUP
Sencio BV
SHORTLINK GROUP
SIFIVE, INC. (OPENFIVE)
LUMINAR TECHNOLOGIES, INC. (BLACK FOREST ENGINEERING)
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