The Fan Out Packaging Market size is estimated at USD 2.94 billion in 2024, and is expected to reach USD 6.30 billion by 2029, growing at a CAGR of 16.5% during the forecast period (2024-2029).
The expansion of this market is being driven by technological advancements in semiconductor-based technologies and rapidly expanding demand in various sectors.
The market is moderately fragmented, with the presence of numerous players. Some of the major players operating in the global fan-out packaging market include Taiwan Semiconductor Manufacturing Company Limited, Jiangsu Changjiang Electronics Tech Co., Amkor Technology Inc., Samsung Electro-Mechanics, and Powertech Technology Inc., among others. These players indulge in product innovation, mergers, and acquisitions, among other developments, in order to increase market share.
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