Asia-Pacific Semiconductor Assembly and Testing Services Market
No. of Pages: 125 | Report Code: TIPRE00022161 | Category: Electronics and Semiconductor
No. of Pages: 125 | Report Code: TIPRE00022161 | Category: Electronics and Semiconductor
The APAC semiconductor assembly and testing services market is segmented into Australia, India, China, Japan, South Korea, and Rest of APAC. Growth in the manufacturing industry in Asian countries, such as China, India, Japan, South Korea, and Taiwan, would further create a positive impact on the adoption of semiconductor equipment. Government initiatives such as ‘make in India’ are transforming the Indian manufacturing industries. The evolution in electronics and automotive manufacturing industries is encouraging the manufactures to incline toward adopting advanced systems including semiconductor equipment. Moreover, rising demand for different consumer electronics in Asian economy is boosting the growth of electronics & semiconductor manufacturing, which, in turn will stimulate the adoption of semiconductor assembly and testing services. Additionally, the increasing adoption of smartphones and advanced internet connecting devices is anticipated to support the integration of semiconductor equipment in components such as ICs, RF modules, and processors. APAC countries are characterized by the mass production of electronic devices required for consumer electronics, automotive components, telecommunication devices, and other industrial machineries. Rising number of electronics manufacturing companies in India and China owing to the availability of skilled human resources is driving the growth of the semiconductor assembly and testing services market.
In case of COVID-19, APAC region is highly affected specially India. Countries such as China, India, South Korea, and Japan are moving toward new networking solutions such as 5G, 4G, and VoLTE. China and India are the most prominent manufacturing hubs in the region and have an enhanced focus on industrialization. The growth of the manufacturing industry has been hampered due to lockdowns across several APAC countries in the wake of COVID-19 pandemic. However, the manufacturing industry soon recovered by enhancing the production capabilities in the second half of the year. The demand for advanced electronics such as a smartwatches, smart wearables, and healthcare machines has risen significantly. Also, the development of new airports is rising defense expenditure of countries such as China and India; this is likely to provide growth opportunities to the market. Furthermore, companies in Asia have restructured their capabilities by adopting various strategies such as automation, partnership, and acquisition.
Strategic insights for the Asia-Pacific Semiconductor Assembly and Testing Services provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2020 | US$ 29,883.56 Million |
| Market Size by 2028 | US$ 42,517.76 Million |
| Global CAGR (2021 - 2028) | 4.7 % |
| Historical Data | 2018-2019 |
| Forecast period | 2021-2028 |
| Segments Covered |
By Services
|
| Regions and Countries Covered | Asia-Pacific
|
| Market leaders and key company profiles |
The geographic scope of the Asia-Pacific Semiconductor Assembly and Testing Services refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The APAC semiconductor assembly and testing services market is expected to grow from US$ 29,883.56 million in 2020 to US$ 42,517.76 million by 2028; it is estimated to grow at a CAGR of 4.7 % from 2021 to 2028. Escalating demand for consumer electronics is expected to escalate the APAC semiconductor assembly and testing services market. With heavy usage of smartphones, desktops, digital cameras, tablets, laptops, hard disks, and televisions, among others, the consumer electronics industry has evolved significantly due to several new technological developments. For instance, the rising adoption of 5G networks is creating strong opportunity for the market players across APAC region to develop advanced RF modules using system-in-package technology for connectivity. Additionally, the emergence of smart devices, growing adoption of tablets, surge in demand for devices with large screens, and advancements such as the emergence of IoT across devices is creating high demand for consumer electronics. With the rising need of electronic equipment, the usage for semiconductor devices also increases in multiple digital consumer products including smartphones, televisions, digital cameras, refrigerators, washing machines, and LED bulbs. This is subsequently stirring the need for semiconductor testing services. Therefore, the rising demand for consumer electronics is driving the APAC semiconductor assembly and testing services market.
In terms of services, the assembly & packaging services segment accounted for the largest share of the APAC semiconductor assembly and testing services market in 2020. In terms of application, the consumer electronics segment held a larger market share of the APAC semiconductor assembly and testing services market in 2020.
A few major primary and secondary sources referred to for preparing this report on the APAC semiconductor assembly and testing services market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Amkor Technology; ASE Group; Chipbond Technology Corporation; Integrated Micro-Electronics, Inc.; JCET Group Co., Ltd.; Powertech Technology Inc.; Siliconware Precision Industries Co., Ltd.; and Unisem Group.
The Asia-Pacific Semiconductor Assembly and Testing Services Market is valued at US$ 29,883.56 Million in 2020, it is projected to reach US$ 42,517.76 Million by 2028.
As per our report Asia-Pacific Semiconductor Assembly and Testing Services Market, the market size is valued at US$ 29,883.56 Million in 2020, projecting it to reach US$ 42,517.76 Million by 2028. This translates to a CAGR of approximately 4.7 % during the forecast period.
The Asia-Pacific Semiconductor Assembly and Testing Services Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia-Pacific Semiconductor Assembly and Testing Services Market report:
The Asia-Pacific Semiconductor Assembly and Testing Services Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Asia-Pacific Semiconductor Assembly and Testing Services Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Asia-Pacific Semiconductor Assembly and Testing Services Market value chain can benefit from the information contained in a comprehensive market report.
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