NEW YORK, March 23, 2022 /PRNewswire/ -- The semiconductor assembly and testing services market size is expected to increase by USD 21.21 billion from 2021 to 2026, registering a CAGR of 6.82% according to the latest research report from Technavio. 56% of the market's growth will originate from APAC during the forecast period. China, Taiwan, Japan, and South Korea are the key markets for the semiconductor assembly and testing services market in APAC. Market growth in this region will be faster than the growth of the market in South America. Growth in the demand for automotive electronics, such as navigation, safety, and multimedia devices will facilitate the semiconductor assembly and testing services market growth in APAC over the forecast period.
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Semiconductor assembly and testing services market - Scope
The semiconductor assembly and testing services market covers the following areas:
- Semiconductor Assembly And Testing Services Market Sizing
- Semiconductor Assembly And Testing Services Market Forecast
- Semiconductor Assembly And Testing Services Market Analysis
Semiconductor assembly and testing services market - Drivers & Challenges
The rising sales of IoT devices is one of the key drivers supporting the semiconductor assembly and testing services market growth. Globally, an estimated 35 billion devices were a part of IoT connected environment in 2021. IoT devices collect data through sensors and actuators, transmitting it to a centralized location on a real-time basis. This empowers the end-user to make informed decisions. Moreover, a major growth avenue for this technology should arise from the manufacturing industry, where the IoT can help in reducing costs while maximizing efficiency using advanced energy and supply chain optimization and by offering predictive maintenance and worker safety. In addition, the Industrial IoT (IIoT) is being touted as the basis of the next generation of manufacturing innovation, also called Industry 4.0. Although the complete integration of manufacturing and networking is still a long way off, the SATS market is expected to witness exponential growth during the forecast period.
However, the rising shortage of semiconductors is one of the factors hindering the semiconductor assembly and testing services market growth. With the rising demand for products enhanced by a growing volume of chips, semiconductors chips will be in short supply throughout 2022. The chip shortage will last for 24 months before it recedes, similar to the situation in the 2008-2009 chip shortage. In mid-2021, customers were waiting between 20 and 52 weeks for multiple kinds of semiconductors, causing manufacturing delays or shutdowns, which led to revenue losses in the tens or even hundreds of billions of dollars. For instance, in 2021, automotive industry manufacturing was shut down due to the shortage of semiconductors. By the end of 2022, lead times will be closer to 10-20 weeks and the industry will be in balance by early 2023. These factors will impact the semiconductor assembly and testing services market during the forecast period.
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Semiconductor assembly and testing services market - Segmentation Analysis
The semiconductor assembly and testing services market is segmented by service type (assembly services and testing services) and geography (APAC, North America, Europe, South America, and the Middle East and Africa).
Technavio report provides an accurate prediction of the contribution of all the segments to the growth of the semiconductor assembly and testing services market size and actionable market insights on each segment.
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Companies Mentioned
The semiconductor assembly and testing services market is fragmented and the vendors are deploying growth strategies such as forming strategic partnerships and acquiring vendors that are actively involved in semiconductor assembly and testing services to compete in the market.
- Amkor Technology Inc.
- ASE Technology Holding Co. Ltd.
- Chipbond Technology Corp.
- ChipMOS TECHNOLOGIES Inc.
- FormFactor Inc.
- Formosa Advanced Technologies Co. Ltd.
- HANA Micron Inc.
- Hero Electronix Pvt. Ltd.
- Integrated Micro Electronics Inc.
- JCET Group Co. Ltd.
- King Yuan Electronic Corp. Ltd.
- Koninklijke Philips NV
- Powertech Technology Inc.
- Rochester Electronics LLC
- Tianshui Huatian Technology Co. Ltd.
- Tongfu Microelectronics Co. Ltd.
- Unisem M Berhad
- UTAC Holdings Ltd.
- Walton Advanced Engineering Inc.
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Semiconductor Assembly And Testing Services Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.82% |
Market growth 2022-2026 |
USD 21.21 billion |
Market structure |
Fragmented |
YoY growth (%) |
6.22 |
Performing market contribution |
APAC at 56% |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
Amkor Technology Inc., ASE Technology Holding Co. Ltd., Chipbond Technology Corp., ChipMOS TECHNOLOGIES Inc., FormFactor Inc., Formosa Advanced Technologies Co. Ltd. , HANA Micron Inc., Hero Electronix Pvt. Ltd., Integrated Micro Electronics Inc., JCET Group Co. Ltd., King Yuan Electronic Corp. Ltd., Koninklijke Philips NV, Powertech Technology Inc., Rochester Electronics LLC, Tianshui Huatian Technology Co. Ltd., Tongfu Microelectronics Co. Ltd., Unisem M Berhad, UTAC Holdings Ltd., and Walton Advanced Engineering Inc. |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Key Topics Covered:
1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Service Type
- Exhibit 06: Executive Summary – Chart on Incremental Growth
- Exhibit 07: Executive Summary – Data Table on Incremental Growth
- Exhibit 08: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 09: Parent market
- Exhibit 10: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 11: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 12: Market segments
- 3.3 Market size 2021
- 3.4 Market outlook: Forecast for 2021-2026
- Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ billion)
- Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ billion)
- Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
- Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)
4 Five Forces Analysis
- 4.1 Five forces summary
- Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
- 4.2 Bargaining power of buyers
- Exhibit 18: Bargaining power of buyers – Impact of key factors in 2021 and 2026
- 4.3 Bargaining power of suppliers
- Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
- 4.4 Threat of new entrants
- Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
- 4.5 Threat of substitutes
- Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
- 4.6 Threat of rivalry
- Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
- 4.7 Market condition
- Exhibit 23: Chart on Market condition - Five forces 2021 and 2026
5 Market Segmentation by Service Type
- 5.1 Market segments
- Exhibit 24: Chart on Service Type - Market share 2021-2026 (%)
- Exhibit 25: Data Table on Service Type - Market share 2021-2026 (%)
- 5.2 Comparison by Service Type
- Exhibit 26: Chart on Comparison by Service Type
- Exhibit 27: Data Table on Comparison by Service Type
- 5.3 Assembly services - Market size and forecast 2021-2026
- Exhibit 28: Chart on Assembly services - Market size and forecast 2021-2026 ($ billion)
- Exhibit 29: Data Table on Assembly services - Market size and forecast 2021-2026 ($ billion)
- Exhibit 30: Chart on Assembly services - Year-over-year growth 2021-2026 (%)
- Exhibit 31: Data Table on Assembly services - Year-over-year growth 2021-2026 (%)
- 5.4 Testing services - Market size and forecast 2021-2026
- Exhibit 32: Chart on Testing services - Market size and forecast 2021-2026 ($ billion)
- Exhibit 33: Data Table on Testing services - Market size and forecast 2021-2026 ($ billion)
- Exhibit 34: Chart on Testing services - Year-over-year growth 2021-2026 (%)
- Exhibit 35: Data Table on Testing services - Year-over-year growth 2021-2026 (%)
- 5.5 Market opportunity by Service Type
- Exhibit 36: Market opportunity by Service Type ($ billion)
6 Customer Landscape
- 6.1 Customer landscape overview
- Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
7 Geographic Landscape
- 7.1 Geographic segmentation
- Exhibit 38: Chart on Market share by geography 2021-2026 (%)
- Exhibit 39: Data Table on Market share by geography 2021-2026 (%)
- 7.2 Geographic comparison
- Exhibit 40: Chart on Geographic comparison
- Exhibit 41: Data Table on Geographic comparison
- 7.3 APAC - Market size and forecast 2021-2026
- Exhibit 42: Chart on APAC - Market size and forecast 2021-2026 ($ billion)
- Exhibit 43: Data Table on APAC - Market size and forecast 2021-2026 ($ billion)
- Exhibit 44: Chart on APAC - Year-over-year growth 2021-2026 (%)
- Exhibit 45: Data Table on APAC - Year-over-year growth 2021-2026 (%)
- 7.4 North America - Market size and forecast 2021-2026
- Exhibit 46: Chart on North America - Market size and forecast 2021-2026 ($ billion)
- Exhibit 47: Data Table on North America - Market size and forecast 2021-2026 ($ billion)
- Exhibit 48: Chart on North America - Year-over-year growth 2021-2026 (%)
- Exhibit 49: Data Table on North America - Year-over-year growth 2021-2026 (%)
- 7.5 Europe - Market size and forecast 2021-2026
- Exhibit 50: Chart on Europe - Market size and forecast 2021-2026 ($ billion)
- Exhibit 51: Data Table on Europe - Market size and forecast 2021-2026 ($ billion)
- Exhibit 52: Chart on Europe - Year-over-year growth 2021-2026 (%)
- Exhibit 53: Data Table on Europe - Year-over-year growth 2021-2026 (%)
- 7.6 South America - Market size and forecast 2021-2026
- Exhibit 54: Chart on South America - Market size and forecast 2021-2026 ($ billion)
- Exhibit 55: Data Table on South America - Market size and forecast 2021-2026 ($ billion)
- Exhibit 56: Chart on South America - Year-over-year growth 2021-2026 (%)
- Exhibit 57: Data Table on South America - Year-over-year growth 2021-2026 (%)
- 7.7 Middle East and Africa - Market size and forecast 2021-2026
- Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
- Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
- Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- 7.8 US - Market size and forecast 2021-2026
- Exhibit 62: Chart on US - Market size and forecast 2021-2026 ($ billion)
- Exhibit 63: Data Table on US - Market size and forecast 2021-2026 ($ billion)
- Exhibit 64: Chart on US - Year-over-year growth 2021-2026 (%)
- Exhibit 65: Data Table on US - Year-over-year growth 2021-2026 (%)
- 7.9 China - Market size and forecast 2021-2026
- Exhibit 66: Chart on China - Market size and forecast 2021-2026 ($ billion)
- Exhibit 67: Data Table on China - Market size and forecast 2021-2026 ($ billion)
- Exhibit 68: Chart on China - Year-over-year growth 2021-2026 (%)
- Exhibit 69: Data Table on China - Year-over-year growth 2021-2026 (%)
- 7.10 Taiwan - Market size and forecast 2021-2026
- Exhibit 70: Chart on Taiwan - Market size and forecast 2021-2026 ($ billion)
- Exhibit 71: Data Table on Taiwan - Market size and forecast 2021-2026 ($ billion)
- Exhibit 72: Chart on Taiwan - Year-over-year growth 2021-2026 (%)
- Exhibit 73: Data Table on Taiwan - Year-over-year growth 2021-2026 (%)
- 7.11 Japan - Market size and forecast 2021-2026
- Exhibit 74: Chart on Japan - Market size and forecast 2021-2026 ($ billion)
- Exhibit 75: Data Table on Japan - Market size and forecast 2021-2026 ($ billion)
- Exhibit 76: Chart on Japan - Year-over-year growth 2021-2026 (%)
- Exhibit 77: Data Table on Japan - Year-over-year growth 2021-2026 (%)
- 7.12 South Korea - Market size and forecast 2021-2026
- Exhibit 78: Chart on South Korea - Market size and forecast 2021-2026 ($ billion)
- Exhibit 79: Data Table on South Korea - Market size and forecast 2021-2026 ($ billion)
- Exhibit 80: Chart on South Korea - Year-over-year growth 2021-2026 (%)
- Exhibit 81: Data Table on South Korea - Year-over-year growth 2021-2026 (%)
- 7.13 Market opportunity by geography
- Exhibit 82: Market opportunity by geography ($ billion)
8 Drivers, Challenges, and Trends
- 8.1 Market drivers
- 8.2 Market challenges
- 8.3 Impact of drivers and challenges
- Exhibit 83: Impact of drivers and challenges in 2021 and 2026
- 8.4 Market trends
9 Vendor Landscape
- 9.1 Overview
- 9.2 Vendor landscape
- Exhibit 84: Overview on Criticality of inputs and Factors of differentiation
- 9.3 Landscape disruption
- Exhibit 85: Overview on factors of disruption
- 9.4 Industry risks
- Exhibit 86: Impact of key risks on business
10 Vendor Analysis
- 10.1 Vendors covered
- Exhibit 87: Vendors covered
- 10.2 Market positioning of vendors
- Exhibit 88: Matrix on vendor position and classification
- 10.3 Amkor Technology Inc.
- Exhibit 89: Amkor Technology Inc. - Overview
- Exhibit 90: Amkor Technology Inc. - Business segments
- Exhibit 91: Amkor Technology Inc. - Key news
- Exhibit 92: Amkor Technology Inc. - Key offerings
- Exhibit 93: Amkor Technology Inc. - Segment focus
- 10.4 ASE Technology Holding Co. Ltd.
- Exhibit 94: ASE Technology Holding Co. Ltd. - Overview
- Exhibit 95: ASE Technology Holding Co. Ltd. - Business segments
- Exhibit 96: ASE Technology Holding Co. Ltd. - Key news
- Exhibit 97: ASE Technology Holding Co. Ltd. - Key offerings
- Exhibit 98: ASE Technology Holding Co. Ltd. - Segment focus
- 10.5 ChipMOS TECHNOLOGIES Inc.
- Exhibit 99: ChipMOS TECHNOLOGIES Inc. - Overview
- Exhibit 100: ChipMOS TECHNOLOGIES Inc. - Business segments
- Exhibit 101: ChipMOS TECHNOLOGIES Inc. - Key offerings
- Exhibit 102: ChipMOS TECHNOLOGIES Inc. - Segment focus
- 10.6 HANA Micron Inc.
- Exhibit 103: HANA Micron Inc. - Overview
- Exhibit 104: HANA Micron Inc. - Business segments
- Exhibit 105: HANA Micron Inc. - Key offerings
- Exhibit 106: HANA Micron Inc. - Segment focus
- 10.7 JCET Group Co. Ltd.
- Exhibit 107: JCET Group Co. Ltd. - Overview
- Exhibit 108: JCET Group Co. Ltd. - Product / Service
- Exhibit 109: JCET Group Co. Ltd. - Key offerings
- 10.8 King Yuan Electronic Corp. Ltd.
- Exhibit 110: King Yuan Electronic Corp. Ltd. - Overview
- Exhibit 111: King Yuan Electronic Corp. Ltd. - Product / Service
- Exhibit 112: King Yuan Electronic Corp. Ltd. - Key offerings
- 10.9 Koninklijke Philips NV
- Exhibit 113: Koninklijke Philips NV - Overview
- Exhibit 114: Koninklijke Philips NV - Business segments
- Exhibit 115: Koninklijke Philips NV - Key news
- Exhibit 116: Koninklijke Philips NV - Key offerings
- Exhibit 117: Koninklijke Philips NV - Segment focus
- 10.10 Powertech Technology Inc.
- Exhibit 118: Powertech Technology Inc. - Overview
- Exhibit 119: Powertech Technology Inc. - Product / Service
- Exhibit 120: Powertech Technology Inc. - Key news
- Exhibit 121: Powertech Technology Inc. - Key offerings
- 10.11 Tianshui Huatian Technology Co. Ltd.
- Exhibit 122: Tianshui Huatian Technology Co. Ltd. - Overview
- Exhibit 123: Tianshui Huatian Technology Co. Ltd. - Product / Service
- Exhibit 124: Tianshui Huatian Technology Co. Ltd. - Key offerings
- 10.12 Unisem M Berhad
- Exhibit 125: Unisem M Berhad - Overview
- Exhibit 126: Unisem M Berhad - Product / Service
- Exhibit 127: Unisem M Berhad - Key offerings
11 Appendix
- 11.1 Scope of the report
- 11.2 Inclusions and exclusions checklist
- Exhibit 128: Inclusions checklist
- Exhibit 129: Exclusions checklist
- 11.3 Currency conversion rates for US$
- Exhibit 130: Currency conversion rates for US$
- 11.4 Research methodology
- Exhibit 131: Research methodology
- Exhibit 132: Validation techniques employed for market sizing
- Exhibit 133: Information sources
- 11.5 List of abbreviations
- Exhibit 134: List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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SOURCE Technavio
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