The WLCSP Electroless Plating Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s WLCSP Electroless Plating Global Market Report 2024, The WLCSP electroless plating market size has grown rapidly in recent years. It will grow from $2.22 billion in 2023 to $2.45 billion in 2024 at a compound annual growth rate (CAGR) of 10.3%. The growth in the historic period can be attributed to semiconductor industry growth, miniaturization trends, consumer electronics demand, automotive electronics, high-performance computing.
The WLCSP electroless plating market size is expected to see rapid growth in the next few years. It will grow to $3.61 billion in 2028 at a compound annual growth rate (CAGR) of 10.2%. The growth in the forecast period can be attributed to advancements in automotive electronics, 5G technology integration, IoT growth, rising demand for wearables, expansion of AI devices, energy-efficient electronics. Major trends in the forecast period include focus on high-speed and high-frequency applications, demand for enhanced thermal management, rise in 5G technology implementation, customization for specific industry requirements, focus on environmental sustainability.
A rise in the impending need for circuit miniaturization and microelectronic devices is the major factor driving the growth of the WLCSP electroless plating market going forward. Electronics miniaturization refers to a set of circuit design procedures that reduce the size of the electronics in a device by making them denser and, in some cases, partitioning them differently to reduce the overall number of components. WLCSP electroless plating helps circuit miniaturization and microelectronic devices by offering better shielding than conventional plating processes and cost-effectiveness. For instance, in 2021, according to the U.S. Department of Energy, an executive department of the U.S. federal government allocated nearly $54 million for 10 new projects led by DOE’s national laboratories to increase energy efficiency in microelectronics design and production. Therefore, the rise in the impending need for circuit miniaturization and microelectronic devices is driving the WLCSP electroless plating market.
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The WLCSP electroless plating market covered in this report is segmented –
1) By Type: Nickel, Copper, Composites, Other Types
2) By Application: Corrosion Resistance, Wear Resistance, Appearance, Solderability, Others (including Enhanced Conductivity)
3) By End-User: Automotive, Electronics, Aerospace, Machinery, Other End Users
Major companies operating in the WLCSP electroless plating market are focusing on facility expansion, to better meet the needs of their existing consumers. A manufacturing facility is a building or complex where raw materials are transformed into finished goods. For instance, in October 2023, Amkor Technology, Inc., a US-based WLCSP electroless plating company, announced the construction of a new facility in Vietnam. This Vietnam campus is on track to become Amkor’s largest factory, encompassing a mammoth 57-acre expanse within the Yen Phong 2C Industrial Park. Amkor also said it has invested US$1.6 billion in the project’s first two phases for facilities, machinery, and equipment. This revolutionary manufacturing in Vietnam will enable Amkor to deliver an unequaled geographic footprint to its clients, serving both global and regional supply chains. It’s the type of safe and dependable supply chain the clients in communications, automobiles, high-performance computing, and other critical sectors want.
The wlcsp electroless plating market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
Major Players:
- Heraeus Holding GmbH
- DuPont de Nemours Inc.
- Olin Corporation
- Rockwell Automation Inc.
- Shanghai Aiko Chemical Co Ltd.
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