Semiconductor Packaging Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
The semiconductor packaging market was valued at USD 28.2 billion in 2020 and is expected to reach USD 44.44 billion by 2026, and grow at a CAGR of 7.96% over the forecast period (2021-2026). Packaging has witnessed a continuous transformation in terms of characteristics, integration, and energy efficiency of the product owing to the growing demand across various end-user verticals of the industry,
Key HighlightsThe semiconductor packaging market is moderately fragmented, as there are various packaging solution providers for the semiconductor market. Players adopt strategies like product innovation, expansions, and partnerships to stay ahead of the competition and expand their market reach. Some of the recent developments in the market are:
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