Advanced Packaging Market Size, Trends and Insights By Type (Flip Chip CSP, Flip-Chip Ball Grid Array, Wafer Level CSP, 5D/3D, Fan Out WLP, Others), By End Use Industry (Consumer Electronics, Automotive, Industrial, Healthcare, Aerospace & Defense, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032


Report Code: CMI40422

Published Date: February 2024

Pages: 320+

Category: Packaging & Transport

Report Snapshot

CAGR: 10.2%
34.9B
2022
37.1B
2023
94.4B
2032

Source: CMI

Study Period: 2023-2032
Fastest Growing Market: Asia-Pacific
Largest Market: Europe

Major Players

  • JCET Group
  • Intel Corporation
  • Texas Instruments
  • NXP Semiconductors
  • STMicroelectronics
  • Others

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Reports Description

Global Advanced Packaging Market was valued at USD 37.1 Billion in 2023 and is expected to reach USD 94.4 Billion by 2032, at a CAGR of 10.2% during the forecast period 2023 – 2032.

Advanced packaging refers to innovative and sophisticated techniques used in the semiconductor industry to assemble and encapsulate integrated circuits (ICs) or microchips. This process goes beyond traditional packaging methods and includes technologies such as 3D packaging, system-in-package (SiP), chip-on-chip, and chiplets.

Advanced Packaging Market – Significant Growth Factors

Increase in demand for miniaturization of devices

The surge in demand for device miniaturization is a key driver propelling the advanced packaging market. As consumers and industries alike seek smaller, lighter, and more portable electronic devices, there is an increasing need for advanced packaging solutions that enable the integration of complex components in compact spaces.

Advanced packaging techniques such as 3D packaging, system-in-package (SiP), and chiplets facilitate the miniaturization of semiconductor devices, allowing for higher component density, improved performance, and reduced form factors.

This trend is particularly significant in applications like smartphones, wearables, and IoT devices, where space constraints are critical. The relentless pursuit of smaller and more powerful electronic products fuels innovation in advanced packaging, positioning it as an essential enabler for meeting the evolving demands of modern technology.

For instance, in June 2022, iNPACK™, a provider specializing in miniaturization and advanced packaging solutions launched System-in-Package (SiP), semiconductor packaging, and organic substrates with 25-micron lines and spacing. Additionally, it provides 3D, 2.5D, and 2D packaging solutions, catering to diverse industries such as aerospace, defense, medical, consumer electronics, automotive, energy, and communications.

Ongoing advancements in semiconductor technology

Ongoing advancements in semiconductor technology propel the advanced packaging market by fostering innovation in packaging techniques. As semiconductor devices become smaller, faster, and more complex, there is a growing need for advanced packaging solutions to ensure efficient performance, thermal management, and interconnectivity.

Technologies like 3D packaging and chiplets address these demands, enabling the development of compact, high-performance electronic devices. The continuous evolution of semiconductor technology drives the adoption of advanced packaging, shaping the market to meet the demands of modern electronic applications.

The dynamic synergy between semiconductor advancements and advanced packaging innovations positions the market to meet the demands of cutting-edge electronic applications and drive progress in the broader electronics industry.

For instance, in January 2020, IEEE predicted the semiconductor industry will achieve $542.64 billion in annual revenue by 2022. The semiconductor industry is experiencing a surge of innovation, particularly driven by AI and IoT. These technologies are influencing the way semiconductors are developed and contributing to the evolution of the packaging industry.

Advanced Packaging Market – Restraints

High cost associated with implementing sophisticated packaging technologies

The high cost of implementing sophisticated packaging technologies acts as a significant hindrance to the advanced packaging market. Companies, especially smaller ones, may find it financially challenging to invest in the research, development, and infrastructure required for advanced packaging techniques like 3D packaging or system-in-package (SiP).

This cost barrier limits widespread adoption, constraining the accessibility of advanced packaging solutions and impeding the overall growth potential of the market. Overcoming this financial challenge is crucial for fostering broader integration of advanced packaging technologies.

Stringent rules for approval of Advanced Packaging

Stringent rules for the approval of advanced packaging technologies pose a challenge to the industry. Several key considerations and rules typically govern the approval process:

  • Regulatory Processes and Standards Governing Advanced Packaging: Regulatory processes and standards governing advanced packaging involve comprehensive assessments to ensure compliance with safety, environmental, and quality benchmarks. These guidelines aim to guarantee that advanced packaging technologies, like 3D packaging or system-in-package (SiP), meet established industry and regulatory criteria.
  • Testing Protocols: Thorough testing procedures must be in place to assess the functionality, performance, and reliability of the advanced packaging under various conditions.
  • Environmental Impact: Consideration of the environmental impact, including the use of sustainable materials and adherence to eco-friendly practices, is increasingly becoming a part of approval criteria.
  • Safety Regulations: Compliance with safety regulations is paramount to prevent any risks associated with the use of advanced packaging technologies, especially in consumer electronics and other safety-sensitive applications.

Advanced Packaging Market – Opportunities

Emerging trend of fan-out wafer level packaging

The emerging trend of fan-out wafer level packaging (FOWLP) is driving the advanced packaging market by offering a more compact, cost-effective, and high-performance solution. FOWLP enhances semiconductor device integration, enabling multiple chips to be packaged together with increased interconnect density.

This technology provides better thermal performance, improved signal integrity, and supports heterogeneous integration. As demand grows for smaller, more powerful electronic devices in applications like IoT and 5G, FOWLP meets these requirements, contributing significantly to the evolution of advanced packaging and its expanding role in semiconductor manufacturing.

In comparison to flip-chip ball grid array (FCBGA) or wire bonds, FOWLP offers advantages such as reduced thermal resistance, a more compact package, and the potential for cost savings. This technology represents a significant shift in packaging approaches, emphasizing improved performance, size efficiency, and economic benefits in contrast to traditional methods like FCBGA or wire bonding.

For instance, in April 2023, Samsung Electronics’ former partnership with TSMC for the deployment of fan-out (FO) wafer-level packaging segment. TSMC presently commands a substantial 77% market share in the global FO (Fan-Out) packaging market, securing orders for advanced packaging across mobile and HPC (High-Performance Computing) devices, as reported by advanced backend service providers.

Global Advanced Packaging Market 2023–2032 (By Type)

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Advanced Packaging Market – Segmentation Analysis

The advanced packaging market is segmented by type, end use industry, and region.  Based on type, the market is classified into flip chip CSP, flip-chip ball grid array, wafer level CSP, 5D/3D, fan out WLP and others. Fan-out wafer-level packaging (FOWLP) dominated the market in 2022 with a market share of 35% and is expected to keep its dominance during the forecast period 2024-2032.

Fan-out wafer-level packaging (FOWLP) is a key driver in the advanced packaging market due to its ability to enhance performance and miniaturize electronic devices. FOWLP enables the integration of multiple chips in a compact form, improving energy efficiency and reducing the overall size of semiconductor packages.

This technology facilitates shorter interconnects, minimizing signal delays and enhancing overall system speed. With its cost-effective approach and capability to support heterogeneous integration, FOWLP is increasingly adopted in diverse applications, from consumer electronics to automotive systems, propelling the growth and innovation within the advanced packaging market.

Based on end use industry, the market is classified into consumer electronics, automotive, industrial, healthcare, aerospace & defense and others. The consumer electronics segment dominated the market in 2022 with a market share of 30% and is expected to keep its dominance during the forecast period 2024-2032.

Consumer electronics play a pivotal role in driving the advanced packaging market due to the relentless demand for smaller, more powerful, and feature-rich devices. The constant push for miniaturization and enhanced performance in smartphones, tablets, wearables, and other gadgets necessitates advanced packaging technologies.

Consumers increasingly seek compact, energy-efficient devices with improved functionality. Advanced packaging, such as 3D packaging and system-in-package (SiP), addresses these demands by enabling the integration of diverse functions within a confined space. This not only enhances device performance but also contributes to a sleeker design.

The rapid evolution of consumer electronics, influenced by trends like IoT, AI, and 5G connectivity, further fuels the need for innovative packaging solutions to meet the stringent requirements of these cutting-edge technologies, driving continuous growth and innovation in the advanced packaging market.

Report Scope

Feature of the Report Details
Market Size in 2023 USD 37.1 Billion
Projected Market Size in 2032 USD 94.4 Billion
Market Size in 2022 USD 34.9 Billion
CAGR Growth Rate 10.2% CAGR
Base Year 2022
Forecast Period 2023-2032
Key Segment By Type, End Use Industry and Region
Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options Request tailored purchasing options to fulfil your requirements for research.

Advanced Packaging Market – Regional Insight

By region, advanced packaging market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle East & Africa. The Asia Pacific dominated the global advanced packaging market in 2022 with a market share of 35% in 2022 and is expected to keep its dominance during the forecast period 2024-2032. Asia Pacific propels the advanced packaging market through a convergence of factors.

The region is a manufacturing hub with a robust semiconductor industry, driving demand for innovative packaging solutions. The increasing adoption of advanced technologies, particularly in countries like China, Japan, and South Korea, fuels the need for more sophisticated packaging techniques.

Asia Pacific is a key player in electronics manufacturing amplifies the demand for compact, high-performance devices, pushing the market for advanced packaging. Additionally, favourable government initiatives, investments in research and development, and collaborations with global technology leaders contribute to the region’s influence.

The dynamic consumer electronics market in Asia Pacific further accelerates the adoption of advanced packaging, positioning the region as a significant driver in shaping the landscape of the global advanced packaging market.

Global Advanced Packaging Market 2023–2032 (By Billion)

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Advanced Packaging Market – Recent Developments:

  • In January 2024, Intel opened a new factory in Rio Rancho, New Mexico with a $3.5 billion investment for the manufacturing of advanced semiconductor packaging technologies, which offers flexible options for combining multiple chips optimized for power, performance and cost packaging technologies.
  • In February 2024, South Korean chip manufacturer SK Hynix announced to establish a packaging facility in Indiana, USA. This packaging facility specializes in stacking standard dynamic random access.
  • In November 2023, Amkor Technology announced to building of a new advanced semiconductor packaging and test facility in Arizona.

List of the prominent players in the Advanced Packaging Market:

  • Amkor Technology
  • Advanced Semiconductor Engineering
  • Samsung Electronics
  • Taiwan Semiconductor Manufacturing Company
  • JCET Group
  • Intel Corporation
  • Texas Instruments
  • NXP Semiconductors
  • STMicroelectronics
  • Infineon Technologies
  • Analog Devices
  • Microchip Technology
  • Rohm Semiconductor
  • Qualcomm Technologies Inc.
  • Renesas Electronics
  • TDK Corporation
  • Onsemi
  • ChipMOS Technologies Inc.
  • Toshiba Corporation
  • Powertech Technologies Inc
  • Others

These key players are adopting various growth strategies such as mergers & acquisitions, joint ventures, expansion, strategic alliances, new product launches, etc. to enhance their business operations and revenues.

The Advanced Packaging Market is segmented as follows:

By Type

  • Flip Chip CSP
  • Flip-Chip Ball Grid Array
  • Wafer Level CSP
  • 5D/3D
  • Fan Out WLP
  • Others

By End Use Industry

  • Consumer Electronics
  • Automotive
  • Industrial
  • Healthcare
  • Aerospace & Defense
  • Others

Regional Coverage:

North America

  • U.S.
  • Canada
  • Mexico
  • Rest of North America

Europe

  • Germany
  • France
  • U.K.
  • Russia
  • Italy
  • Spain
  • Netherlands
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • New Zealand
  • Australia
  • South Korea
  • Taiwan
  • Rest of Asia Pacific

The Middle East & Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa

Latin America

  • Brazil
  • Argentina
  • Rest of Latin America

Table of Contents

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market Research Methodology
  • Chapter 2. Executive Summary
    • 2.1 Global Advanced Packaging Market, (2023 – 2032) (USD Billion)
    • 2.2 Global Advanced Packaging Market: snapshot
  • Chapter 3. Global Advanced Packaging Market – Industry Analysis
    • 3.1 Advanced Packaging Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 Increase in demand for miniaturization of devices
      • 3.2.2 Ongoing advancements in semiconductor technology
    • 3.3 Market Restraints
    • 3.4 Market Opportunities
    • 3.5 Market Challenges
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market Attractiveness Analysis By Type
      • 3.7.2 Market Attractiveness Analysis By End Use Industry
  • Chapter 4. Global Advanced Packaging Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global Advanced Packaging Market: company market share, 2022
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, collaboration, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global Advanced Packaging Market – Type Analysis
    • 5.1 Global Advanced Packaging Market Overview: By Type
      • 5.1.1 Global Advanced Packaging Market Share, By Type, 2022 and 2032
    • 5.2 Flip Chip CSP
      • 5.2.1 Global Advanced Packaging Market by Flip Chip CSP, 2023 – 2032 (USD Billion)
    • 5.3 Flip-Chip Ball Grid Array
      • 5.3.1 Global Advanced Packaging Market by Flip-Chip Ball Grid Array, 2023 – 2032 (USD Billion)
    • 5.4 Wafer Level CSP
      • 5.4.1 Global Advanced Packaging Market by Wafer Level CSP, 2023 – 2032 (USD Billion)
    • 5.5 5D/3D
      • 5.5.1 Global Advanced Packaging Market by 5D/3D, 2023 – 2032 (USD Billion)
    • 5.6 Fan Out WLP
      • 5.6.1 Global Advanced Packaging Market by Fan Out WLP, 2023 – 2032 (USD Billion)
    • 5.7 Others
      • 5.7.1 Global Advanced Packaging Market by Others, 2023 – 2032 (USD Billion)
  • Chapter 6. Global Advanced Packaging Market – End Use Industry Analysis
    • 6.1 Global Advanced Packaging Market Overview: By End Use Industry
      • 6.1.1 Global Advanced Packaging Market Share, By End Use Industry, 2022 and 2032
    • 6.2 Consumer Electronics
      • 6.2.1 Global Advanced Packaging Market by Consumer Electronics, 2023 – 2032 (USD Billion)
    • 6.3 Automotive
      • 6.3.1 Global Advanced Packaging Market by Automotive, 2023 – 2032 (USD Billion)
    • 6.4 Industrial
      • 6.4.1 Global Advanced Packaging Market by Industrial, 2023 – 2032 (USD Billion)
    • 6.5 Healthcare
      • 6.5.1 Global Advanced Packaging Market by Healthcare, 2023 – 2032 (USD Billion)
    • 6.6 Aerospace & Defense
      • 6.6.1 Global Advanced Packaging Market by Aerospace & Defense, 2023 – 2032 (USD Billion)
    • 6.7 Others
      • 6.7.1 Global Advanced Packaging Market by Others, 2023 – 2032 (USD Billion)
  • Chapter 7. Advanced Packaging Market – Regional Analysis
    • 7.1 Global Advanced Packaging Market Regional Overview
    • 7.2 Global Advanced Packaging Market Share, by Region, 2022 & 2032 (USD Billion)
    • 7.3. North America
      • 7.3.1 North America Advanced Packaging Market, 2023 – 2032 (USD Billion)
        • 7.3.1.1 North America Advanced Packaging Market, by Country, 2023 – 2032 (USD Billion)
    • 7.4 North America Advanced Packaging Market, by Type, 2023 – 2032
      • 7.4.1 North America Advanced Packaging Market, by Type, 2023 – 2032 (USD Billion)
    • 7.5 North America Advanced Packaging Market, by End Use Industry, 2023 – 2032
      • 7.5.1 North America Advanced Packaging Market, by End Use Industry, 2023 – 2032 (USD Billion)
    • 7.6. Europe
      • 7.6.1 Europe Advanced Packaging Market, 2023 – 2032 (USD Billion)
        • 7.6.1.1 Europe Advanced Packaging Market, by Country, 2023 – 2032 (USD Billion)
    • 7.7 Europe Advanced Packaging Market, by Type, 2023 – 2032
      • 7.7.1 Europe Advanced Packaging Market, by Type, 2023 – 2032 (USD Billion)
    • 7.8 Europe Advanced Packaging Market, by End Use Industry, 2023 – 2032
      • 7.8.1 Europe Advanced Packaging Market, by End Use Industry, 2023 – 2032 (USD Billion)
    • 7.9. Asia Pacific
      • 7.9.1 Asia Pacific Advanced Packaging Market, 2023 – 2032 (USD Billion)
        • 7.9.1.1 Asia Pacific Advanced Packaging Market, by Country, 2023 – 2032 (USD Billion)
    • 7.10 Asia Pacific Advanced Packaging Market, by Type, 2023 – 2032
      • 7.10.1 Asia Pacific Advanced Packaging Market, by Type, 2023 – 2032 (USD Billion)
    • 7.11 Asia Pacific Advanced Packaging Market, by End Use Industry, 2023 – 2032
      • 7.11.1 Asia Pacific Advanced Packaging Market, by End Use Industry, 2023 – 2032 (USD Billion)
    • 7.12. Latin America
      • 7.12.1 Latin America Advanced Packaging Market, 2023 – 2032 (USD Billion)
        • 7.12.1.1 Latin America Advanced Packaging Market, by Country, 2023 – 2032 (USD Billion)
    • 7.13 Latin America Advanced Packaging Market, by Type, 2023 – 2032
      • 7.13.1 Latin America Advanced Packaging Market, by Type, 2023 – 2032 (USD Billion)
    • 7.14 Latin America Advanced Packaging Market, by End Use Industry, 2023 – 2032
      • 7.14.1 Latin America Advanced Packaging Market, by End Use Industry, 2023 – 2032 (USD Billion)
    • 7.15. The Middle-East and Africa
      • 7.15.1 The Middle-East and Africa Advanced Packaging Market, 2023 – 2032 (USD Billion)
        • 7.15.1.1 The Middle-East and Africa Advanced Packaging Market, by Country, 2023 – 2032 (USD Billion)
    • 7.16 The Middle-East and Africa Advanced Packaging Market, by Type, 2023 – 2032
      • 7.16.1 The Middle-East and Africa Advanced Packaging Market, by Type, 2023 – 2032 (USD Billion)
    • 7.17 The Middle-East and Africa Advanced Packaging Market, by End Use Industry, 2023 – 2032
      • 7.17.1 The Middle-East and Africa Advanced Packaging Market, by End Use Industry, 2023 – 2032 (USD Billion)
  • Chapter 8. Company Profiles
    • 8.1 Amkor Technology
      • 8.1.1 Overview
      • 8.1.2 Financials
      • 8.1.3 Product Portfolio
      • 8.1.4 Business Strategy
      • 8.1.5 Recent Developments
    • 8.2 Advanced Semiconductor Engineering
      • 8.2.1 Overview
      • 8.2.2 Financials
      • 8.2.3 Product Portfolio
      • 8.2.4 Business Strategy
      • 8.2.5 Recent Developments
    • 8.3 Samsung Electronics
      • 8.3.1 Overview
      • 8.3.2 Financials
      • 8.3.3 Product Portfolio
      • 8.3.4 Business Strategy
      • 8.3.5 Recent Developments
    • 8.4 Taiwan Semiconductor Manufacturing Company
      • 8.4.1 Overview
      • 8.4.2 Financials
      • 8.4.3 Product Portfolio
      • 8.4.4 Business Strategy
      • 8.4.5 Recent Developments
    • 8.5 JCET Group
      • 8.5.1 Overview
      • 8.5.2 Financials
      • 8.5.3 Product Portfolio
      • 8.5.4 Business Strategy
      • 8.5.5 Recent Developments
    • 8.6 Intel Corporation
      • 8.6.1 Overview
      • 8.6.2 Financials
      • 8.6.3 Product Portfolio
      • 8.6.4 Business Strategy
      • 8.6.5 Recent Developments
    • 8.7 Texas Instruments
      • 8.7.1 Overview
      • 8.7.2 Financials
      • 8.7.3 Product Portfolio
      • 8.7.4 Business Strategy
      • 8.7.5 Recent Developments
    • 8.8 NXP Semiconductors
      • 8.8.1 Overview
      • 8.8.2 Financials
      • 8.8.3 Product Portfolio
      • 8.8.4 Business Strategy
      • 8.8.5 Recent Developments
    • 8.9 STMicroelectronics
      • 8.9.1 Overview
      • 8.9.2 Financials
      • 8.9.3 Product Portfolio
      • 8.9.4 Business Strategy
      • 8.9.5 Recent Developments
    • 8.10 Infineon Technologies
      • 8.10.1 Overview
      • 8.10.2 Financials
      • 8.10.3 Product Portfolio
      • 8.10.4 Business Strategy
      • 8.10.5 Recent Developments
    • 8.11 Analog Devices
      • 8.11.1 Overview
      • 8.11.2 Financials
      • 8.11.3 Product Portfolio
      • 8.11.4 Business Strategy
      • 8.11.5 Recent Developments
    • 8.12 Microchip Technology
      • 8.12.1 Overview
      • 8.12.2 Financials
      • 8.12.3 Product Portfolio
      • 8.12.4 Business Strategy
      • 8.12.5 Recent Developments
    • 8.13 Rohm Semiconductor
      • 8.13.1 Overview
      • 8.13.2 Financials
      • 8.13.3 Product Portfolio
      • 8.13.4 Business Strategy
      • 8.13.5 Recent Developments
    • 8.14 Qualcomm Technologies Inc.
      • 8.14.1 Overview
      • 8.14.2 Financials
      • 8.14.3 Product Portfolio
      • 8.14.4 Business Strategy
      • 8.14.5 Recent Developments
    • 8.15 Renesas Electronics
      • 8.15.1 Overview
      • 8.15.2 Financials
      • 8.15.3 Product Portfolio
      • 8.15.4 Business Strategy
      • 8.15.5 Recent Developments
    • 8.16 TDK Corporation
      • 8.16.1 Overview
      • 8.16.2 Financials
      • 8.16.3 Product Portfolio
      • 8.16.4 Business Strategy
      • 8.16.5 Recent Developments
    • 8.17 Onsemi
      • 8.17.1 Overview
      • 8.17.2 Financials
      • 8.17.3 Product Portfolio
      • 8.17.4 Business Strategy
      • 8.17.5 Recent Developments
    • 8.18 ChipMOS Technologies Inc.
      • 8.18.1 Overview
      • 8.18.2 Financials
      • 8.18.3 Product Portfolio
      • 8.18.4 Business Strategy
      • 8.18.5 Recent Developments
    • 8.19 Toshiba Corporation
      • 8.19.1 Overview
      • 8.19.2 Financials
      • 8.19.3 Product Portfolio
      • 8.19.4 Business Strategy
      • 8.19.5 Recent Developments
    • 8.20 Powertech Technologies Inc
      • 8.20.1 Overview
      • 8.20.2 Financials
      • 8.20.3 Product Portfolio
      • 8.20.4 Business Strategy
      • 8.20.5 Recent Developments
    • 8.21 Others.
      • 8.21.1 Overview
      • 8.21.2 Financials
      • 8.21.3 Product Portfolio
      • 8.21.4 Business Strategy
      • 8.21.5 Recent Developments
List Of Figures

Figures No 1 to 26

List Of Tables

Tables No 1 to 52

Report Methodology

In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:

Preliminary Data Mining

On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.

Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.

Statistical Model

Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.

Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.

Some of the variables taken into account for forecasting are as follows:

• Industry drivers and constraints, as well as their current and projected impact

• The raw material case, as well as supply-versus-price trends

• Current volume and projected volume growth through 2032

We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.

Primary Validation

This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.

Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.

All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:

• Market leaders

• Suppliers of raw materials

• Suppliers of raw materials

• Buyers.

The following are the primary research objectives:

• To ensure the accuracy and acceptability of our data.

• Gaining an understanding of the current market and future projections.

Data Collection Matrix

Perspective Primary research Secondary research
Supply-side
  • Manufacturers
  • Technology distributors and wholesalers
  • Company reports and publications
  • Government publications
  • Independent investigations
  • Economic and demographic data
Demand-side
  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customers


Market Analysis Matrix

Qualitative analysis Quantitative analysis
  • Industry landscape and trends
  • Market dynamics and key issues
  • Technology landscape
  • Market opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2032
  • Market revenue estimates and forecasts up to 2032, by technology
  • Market revenue estimates and forecasts up to 2032, by application
  • Market revenue estimates and forecasts up to 2032, by type
  • Market revenue estimates and forecasts up to 2032, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

Prominent Player

  • Amkor Technology
  • Advanced Semiconductor Engineering
  • Samsung Electronics
  • Taiwan Semiconductor Manufacturing Company
  • JCET Group
  • Intel Corporation
  • Texas Instruments
  • NXP Semiconductors
  • STMicroelectronics
  • Infineon Technologies
  • Analog Devices
  • Microchip Technology
  • Rohm Semiconductor
  • Qualcomm Technologies Inc.
  • Renesas Electronics
  • TDK Corporation
  • Onsemi
  • ChipMOS Technologies Inc.
  • Toshiba Corporation
  • Powertech Technologies Inc
  • Others

FAQs

The restraints of the Advanced Packaging market is high cost associated with implementing sophisticated packaging technologies.

The major driver for the Advanced Packaging market is increase in demand for miniaturization of devices, and ongoing advancements in semiconductor technology.

The “Flip Chip CSP” category dominated the market in 2022.

The key players in the market are Amkor Technology, Advanced Semiconductor Engineering , Samsung Electronics, Taiwan Semiconductor Manufacturing Company, JCET Group, Intel Corporation, Texas Instruments, NXP Semiconductors, STMicroelectronics, Infineon Technologies, Analog Devices, Microchip Technology, Rohm Semiconductor, Qualcomm Technologies Inc., Renesas Electronics, TDK Corporation, Onsemi , ChipMOS Technologies Inc., Toshiba Corporation, Powertech Technologies Inc, Others.

“Asia-Pacific” had the largest share in the Advanced Packaging Market.

The global market is projected to grow at a CAGR of 10.2% during the forecast period, 2023-2032.

The Advanced Packaging Market size was valued at USD 37.1 Billion in 2023.

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