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How large is the advanced chip packaging market, and what is its growth trajectory?
The advanced chip packaging market size has grown rapidly in recent years. It will grow from $12.41 billion in 2024 to $14.71 billion in 2025 at a compound annual growth rate (CAGR) of 18.5%. The growth in the historic period can be attributed to the demand for smaller, more powerful consumer electronics, the rise of mobile devices and smartphones, the growth of high-speed data networks, increasing automotive electronics, and the evolution of computing needs.
The advanced chip packaging market size is expected to see rapid growth in the next few years. It will grow to $28.69 billion in 2029 at a compound annual growth rate (CAGR) of 18.2%. The growth in the forecast period can be attributed to the proliferation of 5G technology, the growth of the Internet of Things (IoT) devices, the rise of artificial intelligence (AI) and machine learning, the expansion of wearable technology. Major trends in the forecast period include the growing adoption of 3D packaging technologies, advanced thermal management, advancements in high-density interconnect technologies, expansion of fan-out wafer-level packaging technologies, and development of flexible and stretchable packaging technologies.
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What are the key forces behind the advanced chip packaging market’s growth in recent years?
The growing demand for consumer electronic devices is expected to propel the growth of the advanced chip packaging market going forward. A consumer electronic device is electronic equipment intended for everyday use, typically in private homes. With the expansion of the internet and wireless networks and the demand for devices such as smartphones, tablets, and laptops, there is a growing demand for consumer electronics. Advanced chip packaging technologies enable the integrating multiple functions into compact designs, crucial for high-performance consumer electronics. These packaging technologies enhance processing power, efficiency, and heat dissipation, supporting the development of feature-rich, compact devices. For instance, in May 2023, according to a report published by Japan Electronics and Information Technology Industries Association, a Japan-based trade association for the electronics and IT industries, consumer electronics production reached $209.50 million in May 2023, marking a 127% increase from the previous year. Therefore, the growing demand for consumer electronic devices is driving the growth of the advanced chip packaging market.
What are the major segments of the advanced chip packaging market?
The advanced chip packaging market covered in this report is segmented –
1) By Packaging: Ball Grid Array (BGA), Quad Flat Package (QFP), Chip Scale Package (CSP), Wafer-Level Chip Scale Package (WLCSP)
2) By Technology: Five-Dimensional (5D) Packaging, Three-Dimensional (3D) Packaging, Fan-Out Wafer-Level Packaging, Flip-Chip Packaging, System-In-Package Solutions
3) By End-Use Industry: Electronics, Automotive, Telecommunications, Industrial, Healthcare, Aerospace And Defense
Subsegments:
1) By Ball Grid Array (BGA): Micro BGA, Tape BGA, Plastic BGA (PBGA), Ceramic BGA (CBGA)
2) By Quad Flat Package (QFP): Thin QFP (TQFP), Plastic QFP (PQFP), Low-Profile QFP (LQFP), Heat Sink QFP (HQFP)
3) By Chip Scale Package (CSP): Flip-Chip CSP, Wafer-Level CSP, Fan-In CSP, Fan-Out CSP
4) By Wafer-Level Chip Scale Package (WLCSP): Flip-Chip WLCSP, Redistribution Layer (RDL) WLCSP, Fan-Out WLCSP, Bumped WLCSP
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Which companies dominate the advanced chip packaging market?
Major companies operating in the advanced chip packaging market are Samsung Electronics Co. Ltd., Advanced Micro Devices Inc., Advanced Semiconductor Engineering Inc, Henkel Group, Texas Instruments Incorporated, Lam Research Corporation, NXP Semiconductors, Onsemi, Amkor Technology, Nordson Corporation, Siliconware Precision Industries Co. Ltd., Kulicke and Soffa Industries Inc., ChipMOS Technologies Inc., SUSS MicroTec SE, EV Group, Indium Corporation, Palomar Technologies, Brewer Science Inc., MacDermid Alpha Electronics Solutions, Universal Instruments Corporation, CHIPBOND Technology Corporation
What major trends will shape the advanced chip packaging market during the forecast period?
Major companies operating in the advanced chip packaging market are developing advanced chip-scale package technology to enhance semiconductor device performance, miniaturization, and reliability. Chip scale package (CSP) technology is an integrated circuit (IC) packaging technology where the package is almost the same size as the semiconductor chip itself. For instance, in September 2022, Bridgelux Inc., a US-based LED innovative company, launched Chip scale package (CSP) LEDs ranging from 1800K to 6500K, CRI 70 to CRI 95, and RGB color to full spectrum. It uses flip-chip technology with a phosphor coating, eliminating the need for bond wires and plastic molds. This leads to improved heat management and increased luminous flux production. The CSP2727 model delivers an industry-leading efficacy of 209 lm/W at 350 mA and 190 lm/W at 700 mA, making it ideal for commercial lighting applications. The CSP LEDs provide smooth and flexible board assembly, allowing for the construction of customer-specific Chip-on-Board (COB) modules for commercial, entertainment, industrial, and outdoor lighting.
What are the key regional dynamics of the advanced chip packaging market, and which region leads in market share?
Asia-Pacific was the largest region in the advanced chip packaging market in 2023. The regions covered in the advanced chip packaging market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Advanced Chip Packaging Market Report 2025 Offer?
The advanced chip packaging market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Advanced chip packaging refers to the advanced processes and technologies used to encapsulate and connect semiconductor devices (chips) to their external environment, which are commonly found within electronic devices. Advanced packaging provides design flexibility, allowing for the creation of unique solutions tailored to specific applications and performance needs.
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