North America Semiconductor Assembly and Testing Services Market
No. of Pages: 113 | Report Code: TIPRE00022167 | Category: Electronics and Semiconductor
No. of Pages: 113 | Report Code: TIPRE00022167 | Category: Electronics and Semiconductor
The developed countries in the region are known for adopting advanced technologies, high standards of living, and developed infrastructure. Several industries, such as automotive, transportation, electronics, and telecommunications, in the region are expanding their production scale to cater consumer demands. High disposable incomes and technological advancements have been propelling the growth of the consumer electronics industry. Smartphones, personal computers, tablets, music players, washing machines, and TVs have a broader user base in North America. A strong demand for semiconductor assembly and testing services and rising manufacturing of consumer electronics equipment are the key factors for the growth of the semiconductor assembly and testing services market. According to the Edison Electric Institute’s report, published in April 2019, ~1.18 million electric vehicles (EVs) were on road in the US by March 31, 2019. The advent of connected and autonomous cars in North America is propelling the growth of the semiconductor assembly and testing services market by creating demand for microchips. In 2018, National Highway Safety Association (NHSA) approved the Google’s proposal for self-driving car without a human driver inside. Goggle currently owns 50 driverless cars, and they are being tested on the roads of Mountain View (California) and Austin (Texas). The increasing adoption of electric, autonomous, and connected vehicles needs advanced electronic devices such as advanced driver-assistance systems (ADAS), AI support, 5G antennas, and advanced processors, which use microchip and components. The integration of these devices is done using semiconductor devices, which drives the adoption of technology in automotive sector. With the evolution of on-board diagnostic (OBD) platforms equipped with microelectronics, the demand for semiconductor assembly and testing services is increasing.
In case of COVID-19, the North American market suffered a huge loss in the first half of 2020 owing to the high number of cases, specifically in the US. Post lockdown, the market witnessed increasing demand for digital devices. North America is among the eminent regions in adopting smart or IoT-based devices due to favorable infrastructure that support high-speed internet services. The adoption of 5G network has driven the market growth post lockdown. The COVID-19 outbreak has a major impact on manufacturing facilities as production capacities were lowered. As the demand for electronics remained constant, it helped the market to resume the growth. For instance, in December 2020, Qualcomm Inc, a leading manufacturer of microprocessors, predicted that the shipments of 5G smartphones will double in 2022 owing to increasing 5G network deployment. Such increasing adoption of 5G smartphones is lowering the COVID- 19 impact for the post lockdown period; while in lockdown, it certainly hampered the market growth in a negative manner.
Strategic insights for the North America 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$ 14,780.58 Million |
| Market Size by 2028 | US$ 21,948.28 Million |
| Global CAGR (2021 - 2028) | 5.2 % |
| Historical Data | 2018-2019 |
| Forecast period | 2021-2028 |
| Segments Covered |
By Services
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The geographic scope of the North America 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 North America semiconductor assembly and testing services market is expected to grow from US$ 14,780.58 million in 2020 to US$ 21,948.28 million by 2028; it is estimated to grow at a CAGR of 5.2 % from 2021 to 2028. Semiconductors are being widely accepted in the automotive sector due to emerging technologies such as autonomous driving and other electronic equipment used. The adoption of safety-related electronics systems has grown rapidly. Semiconductor component manufacturers are continuously focusing on manufacturing advanced systems. Automotive semiconductor vendors get benefited from a surge in demand for multiple semiconductor devices, such as microcontrollers, sensors, and memory, used in cars. Apart from this, electrification, automation, digital connectivity, and security systems result in the addition of more semiconductor equipment into automotive electronics. The consumption of automotive electronic components for navigation, safety, and fuel efficiency will accentuate in coming years due to more electronic equipment being used in advanced safety features such as advanced driver-assistance systems (ADAS) added to the vehicles. This would drive the demand for integrated circuits, microcontrollers, and sensors. Therefore, with the increase in the usage of semiconductors in the automotive sector, there will more opportunities for semiconductor assembly and testing services across North America region.
In terms of services, the assembly & packaging services segment accounted for the largest share of the North America semiconductor assembly and testing services market in 2020. In terms of application, the consumer electronics segment held a larger market share of the North America semiconductor assembly and testing services market in 2020.
A few major primary and secondary sources referred to for preparing this report on the North America 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; Integra Technologies; Integrated Micro-Electronics, Inc.; JCET Group Co., Ltd.; Siliconware Precision Industries Co., Ltd.; Teledyne Technologies Incorporated; and Unisem Group.
The North America Semiconductor Assembly and Testing Services Market is valued at US$ 14,780.58 Million in 2020, it is projected to reach US$ 21,948.28 Million by 2028.
As per our report North America Semiconductor Assembly and Testing Services Market, the market size is valued at US$ 14,780.58 Million in 2020, projecting it to reach US$ 21,948.28 Million by 2028. This translates to a CAGR of approximately 5.2 % during the forecast period.
The North America 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 North America Semiconductor Assembly and Testing Services Market report:
The North America 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 North America Semiconductor Assembly and Testing Services Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Semiconductor Assembly and Testing Services Market value chain can benefit from the information contained in a comprehensive market report.
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