Europe Semiconductor Assembly and Testing Services Market
No. of Pages: 118 | Report Code: TIPRE00022165 | Category: Electronics and Semiconductor
No. of Pages: 118 | Report Code: TIPRE00022165 | Category: Electronics and Semiconductor
Europe has the highest adoption of mobile phones in the world. Russia is one of the emerging economies in Europe with the highest mobile penetration rate. Owing to the increased adoption of smartphones, there are considerable changes in the way consumers in countries such as Norway, Sweden, the UK, and the Netherlands access the internet services. As per the Ericsson report, 60% of the internet users utilize smartphones. Rising adoption of smartphones in European region is expected to further increase the production cycle of semiconductor chips, thereby contributing to the growth of the semiconductor assembly and testing services market in Europe. Automotive, aerospace, and machinery and equipment are among the major manufacturing industries in the region. The automotive industry is considered a noteworthy sector in Europe as it contributes significantly to the countries’ Gross Domestic Product (GDP). The growing concerns on increasing the production cycle of batteries such as lithium-ion owing to the rising adoption of electric vehicles, is expected to fuel the growth of the semiconductor assembly and testing services market. Also, the region has a positive outlook for the adoption of IoT-based solution to increase the overall industrial output. Apart from the increasing adoption of advanced electronics, increase in the number of aging population in Europe is also creating demand for advanced healthcare devices. Therefore, the healthcare sector is developing and introducing innovative devices to meet the customer demands. Advanced technologies such as internet of things (IoT) and artificial intelligence (AI) are further creating the demand for microelectronics devices, owing to which the companies are expanding their footprint in the European market.
In case of COVID-19, Germany, France, Italy, and UK are some of the hardest-hit countries by the coronavirus. These countries are expected to suffer an economic hit due to a lack of revenue from various industries. Additionally, with the outbreak of another variant of COVID-19 in key countries such as the UK and Germany, the semiconductor assembly and testing services market’s growth got hampered in a negative manner. The region is a significant manufacturing and industrial hub for sectors such as healthcare, aviation, manufacturing, automotive, and energy & power. Due to COVID-19, many businesses in Europe faced financial challenges as their activities were substantially reduced due to lack of workforce, government-imposed restrictions, and decreasing sales. However, post lockdown market has witnessed healthy growth rate owing to the increasing demand for advanced electronics devices to restart facilities, operations, commercial places, and transportation.
Strategic insights for the Europe 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$ 5,154.93 Million |
| Market Size by 2028 | US$ 6,843.35 Million |
| Global CAGR (2021 - 2028) | 3.8 % |
| Historical Data | 2018-2019 |
| Forecast period | 2021-2028 |
| Segments Covered |
By Services
|
| Regions and Countries Covered | Europe
|
| Market leaders and key company profiles |
The geographic scope of the Europe 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 Europe semiconductor assembly and testing services market is expected to grow from US$ 5,154.93 million in 2020 to US$ 6,843.35 million by 2028; it is estimated to grow at a CAGR of 3.8 % from 2021 to 2028. Developments in semiconductor packaging techniques is expected to upsurge the market growth. The integrated circuit manufacturers incorporate newer chip-packaging options such as 2.5-D integrated circuits and 3-D integrated circuits into their production processes for high performance at low cost. These advanced packaging technologies are in their initial phase claiming greater chip connectivity and lower power consumption over the traditional packaging configurations. With the adoption of advanced packaging technologies, the semiconductor equipment is likely to garner high demand in future. Additionally, in the era of digitalization and the Internet of Things (IoT), the embedded die packaging technology offers advanced electronic devices for consumers. Consumer inclination toward smartwatches and IoT devices is likely to propel the Europe market growth. Smart wearables with new features such as health monitoring, activity monitoring, and internet connectivity are improving through embedded die packaging technology. These advanced packaging technologies will boost the Europe semiconductor assembly and testing services market in the coming years.
In terms of services, the assembly & packaging services segment accounted for the largest share of the Europe semiconductor assembly and testing services market in 2020. In terms of application, the consumer electronics segment held a larger market share of the Europe semiconductor assembly and testing services market in 2020.
A few major primary and secondary sources referred to for preparing this report on the Europe 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; Integrated Micro-Electronics, Inc.; JCET Group Co., Ltd.; Siliconware Precision Industries Co., Ltd.; Teledyne Technologies Incorporated; and Unisem Group.
The Europe Semiconductor Assembly and Testing Services Market is valued at US$ 5,154.93 Million in 2020, it is projected to reach US$ 6,843.35 Million by 2028.
As per our report Europe Semiconductor Assembly and Testing Services Market, the market size is valued at US$ 5,154.93 Million in 2020, projecting it to reach US$ 6,843.35 Million by 2028. This translates to a CAGR of approximately 3.8 % during the forecast period.
The Europe 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 Europe Semiconductor Assembly and Testing Services Market report:
The Europe 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 Europe Semiconductor Assembly and Testing Services Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Semiconductor Assembly and Testing Services Market value chain can benefit from the information contained in a comprehensive market report.
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