Global IC Trays Market Growth 2023-2029

Global IC Trays Market Growth 2023-2029

IC trays are used for automated handling, protection, shipment and storage of sensitive electronic devices. Such as QFA, BGA, TSOP, and PGA packages. They also provide functions such as thermal resistance.
LPI (LP Information)' newest research report, the “IC Trays Industry Forecast” looks at past sales and reviews total world IC Trays sales in 2022, providing a comprehensive analysis by region and market sector of projected IC Trays sales for 2023 through 2029. With IC Trays sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world IC Trays industry.
This Insight Report provides a comprehensive analysis of the global IC Trays landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on IC Trays portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global IC Trays market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for IC Trays and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global IC Trays.
The global IC Trays market size is projected to grow from US$ 315.5 million in 2022 to US$ 446.4 million in 2029; it is expected to grow at a CAGR of 446.4 from 2023 to 2029.
IC Trays market is relatively fragmented with fierce competition. Daewon is the world-leading player in the global IC Trays market with a market share of about 8% in 2019, in terms of revenue, followed by Kostas, Sunrise, Peak International, SHIMON, Mishima Kosan, HWA SHU and ASE Group. The top 8 companies accounted for nearly 48% of the revenue market share in 2019.
The Asia Pacific is the largest downstream region, occupied about 56% of the market share, in terms of volume. While the Asia Pacific market will continue to be at the forefront of global demand with a market share of around 60% in 2025.
It has MPPE, PES, PS, ABS and other types.
It can apply to electronic products and parts, and others.
This report presents a comprehensive overview, market shares, and growth opportunities of IC Trays market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
MPPE
PES
PS
ABS
Others
Segmentation by application
Electronic Products
Electronic Parts
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Daewon
Kostat
Sunrise
Peak International
SHINON
Mishima Kosan
HWA SHU
ASE Group
TOMOE Engineering
ITW ECPS
Entegris
EPAK
RH Murphy Company
Shiima Electronics
Iwaki
Ant Group
Hiner Advanced Materials
MTI Corporation

Key Questions Addressed in this Report
What is the 10-year outlook for the global IC Trays market?
What factors are driving IC Trays market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do IC Trays market opportunities vary by end market size?
How does IC Trays break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.