PUNE, India, Aug. 21, 2017 /PRNewswire/ -- Market Research Future published a half-cooked research report on "Global Semiconductor Assembly and Testing Services Market Research Report - Forecast to 2022"– Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2022.
Advanced Semiconductor Engineering, Inc. (U.S.), Amkor Technology, Inc. (U.S.), Siliconware Precision Industries Co., Ltd. (Taiwan), STATS ChipPAC Ltd (Singapore), Powertech Technology Inc. (Taiwan), CORWIL Technology (U.S.), Chipbond Technology Corporation (U.S.), Integrated Micro-Electronics, Inc. (U.S.), and GlobalFoundries (U.S.) are some of the prominent players profiled in MRFR Analysis and are at forefront of competition in Global Semiconductor Assembly and Testing Services Market.
Semiconductor Assembly and Testing Services Market – Overview
After witnessing a thriving success and valuing over USD 400 Billion; Semiconductor Assembly and Testing Services market is proceeding further towards to mark the indelible heights, fulfilling the augmented demands for smarter and compact devices that can perform reliably at a reasonable or lesser cost. SATS Market is ever growing with the speed. According to a recent study report published by the Market Research Future, the global market of SATS is booming and expected to gain prominence over the forecast period. The global Semiconductor Assembly and Testing Services market is expected to surge up to approx. 43 Billion USD by 2022, at a staggering CAGR of 5% between 2016 and 2022.
Assembly of Semiconductor products plays a very vital role in the pricing of the final product and after assembly; the next big factor which is associated with the quality, reliability and cost is testing. With growing demand for the consumer electronic devices and growing Semiconductor industry, the market of Semiconductor Assembly and Testing Services is expected to rise subsequently. The trend of outsourcing the services for Semiconductor Assembly and Testing is rising which eventually will result in to fostering the market growth during forecast period.
Burgeoning advancement of technology, need of efficient consumer electronic products, changing trends and high adoption automation into the manufacturing process are some of the key drivers for the market of Semiconductor Assembly and Testing Services.
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The thriving success of SATS market attributes to the rising investments and expenditures transpired in the development of new products; the market will continue with the comprehensive growth rate in the coming years. This is the predominant factor which is driving the market of semiconductor assembly and testing services. Additionally, increasing usage of consumer electronic products such as smartphones and tablets have enhanced the demand for advanced packaging technologies, in turn resulting in to revenue generating potential for the global semiconductor assembly and testing services (SATS) market. Growing adoption of safety systems across the automobile industry has further provided impetus to the growth of the global SATS market.
Whereas the factors such as changing technological environment, government rules towards the use of eco-friendly products and e-wastage along with the fluctuations in exchange rates and volatility in the market is projected to hinder the market growth of Semiconductor Assembly and Testing Services during the forecast period. Also, the market demonstrates that to offer a high-end packaging solution a high capital investment is required which may pose as a challenge to the market growth of SATS market.
SATS Market – Competitive Analysis
Characterized by the presence of well-established players; the global market of Semiconductor Assembly and Testing Services appears to be highly competitive. Well established players incorporate acquisition, collaboration, partnership, expansion, and product launch in order to gain competitive advantage in this market and to maintain their market position. Vendors are focusing on improving their market performance and are expanding by acquiring promising companies in the fast-growing markets. SATS Services market demonstrates a high potential for growth opportunities which attracts several entrants which the market will witness a fierce competition during the forecast period.
There is a heightened demand for outsourced services. Over half of the market is accounted for outsourced services. The trend of utilizing outsourced Semiconductor Assembly and Testing Services (OSAT) is anticipated to continue in the future. Some of the top SATS vendors are offering in house testing services which is anticipated to fuel the demand from the market. Further, SATS providers facilitate a more efficient supply chain and are hence preferred by integrated device manufacturers (IDM).
Semiconductor Assembly and Testing Services Market Segments
SATS Market can be segmented in 3 key dynamics for convenience of the report and enhanced understanding;
Segmentation by Services: Comprising Assembly, Packaging, Testing.
Segmentation by Application: Comprising Consumer Electronics, Information Technology, Telecommunications, Automotive Industrial.
Segmentation by Regions: Comprises Geographical regions - North America, Europe, APAC and Rest of the World.
Semiconductor Assembly and Testing Services Market Regional Analysis
Asia Pacific is dominating the market of Semiconductor Assembly and Testing Services. High development in field of manufacturing industry and large presence of semiconductor manufacturing companies gives Asia-Pacific a competitive advantage over other regions. North America stands as second biggest market for Semiconductor Assembly and Testing Services where U.S. is the major contributors in the market growth due to the growing telecommunication and IT industry. Asia-Pacific is also expected to be the fastest growing market during the forecast period. Development of Asian countries is inviting major big players to establish their business unit in Asian Countries. High consumption of products in the different regions is giving huge pressure on the OEMs. As the technology is growing, the average life cycle of products is decreasing due to the availability of substitutes.
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