The WLCSP Electroless Plating Global Market Report 2023 by The Business Research Company, provides WLCSP electroless plating market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s WLCSP Electroless Plating Global Market Report 2023, the global WLCSP electroless plating market size grew from $1.98 billion in 2022 to $2.21 billion in 2023 at a compound annual growth rate (CAGR) of 11.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The market size of global WLCSP electroless plating is expected to grow to $3.32 billion in 2027 at a CAGR of 10.7%.
A rise in the impending need for circuit miniaturisation and microelectronic devices is the major factor driving the growth of the WLCSP electroless plating market going forward. Electronics miniaturisation 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 miniaturisation and microelectronic devices by offering better shielding than conventional plating processes and cost-effectiveness.
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The WLCSP electroless plating market 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
Product innovation is a key trend gaining popularity in the WLCSP electroless plating market. Major players operating in the WLCSP electroless platings are developing new products to strengthen their position in the WLCSP electroless plating market. In December 2020, Atotech, a UK-based chemicals and equipment company operating in the WLCSP electroless plating, launched its newest product, DynaSmart. The unique automation design of DynaSmart makes it possible to transfer several product carriers through various plating tanks at once. The unique feature of DynaSmart’s groundbreaking automation architecture makes it possible to transfer several product carriers through various plating tanks at once. It comes in a modular design and is small in size. As a result, it can be used in factories that have already been designed.
The WLCSP electroless plating market report table of contents includes:
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Top Major Players
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