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Advanced Packaging Market in North America to grow at 7% CAGR from 2020 to 2026

May 14, 2022 (Market Insight Reports) --

North America advanced packaging market progress might prove to be spectacular through the forthcoming years, as several advanced packaging technologies such as copper hybrid bonding and wafer level packaging (WPL) continue to evolve. Growing migration toward IoT-connected devices, such as wearables, is accelerating the demand for miniaturized devices with enhanced functionality. This is expected to drive deployment rate across foundries and IDMs.

Wi-Fi, BTLE, and Zigbee applications have also been leveraging the superior power dissipation of advanced packaging solutions at reduced operational costs offered by leading advanced packaging companies. Semi-conductor component companies and foundry suppliers are investing in new production facilities, powering advanced packaging market in North America forecast.

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For instance, during May 2020, TSNC, allocated nearly $12 billion toward the development of a new advanced chip manufacturing facility in Arizona, U.S. The new manufacturing unit is expected to leverage the latest 5nm chip production technology.

The automotive industry has been registering considerable demand in North America advanced packaging market outlook, while other industrial verticals including aerospace & defense, healthcare, and industrial applications are also witnessing a constant uptick in the recent times. Advanced packaging industry share in North America from automotive segment is projected to grow at a 10% CAGR between 2020 and 2026, thanks to the development of advanced vehicle safety systems, alongside the growing need for automotive electronics.

As electric vehicles (EVs) and hybrid electric vehicles (HEVs) are gaining traction across the region due to favorable government policies, advanced packaging chipsets will see high adoption in electric systems and infotainment gadgets. The rising consumption of electric vehicles will translate to higher demand for advanced chipsets, power modules, and sensors in North America advanced packaging market. As per the Global EV Outlook, the electric vehicle stock was recorded at 1.5 million in 2019 as compared with 1.1 million during 2018 in the U.S.

The consumer electronics industry in the region has been another major contributor in North America advanced packaging market forecast. During 2019, it accounted for over 70% of the market share, driven by the trending miniaturization of electronic devices and integration with IoT. Compact smartphones, tablets, and wearable electronics are representing a major opportunity for market growth. Wafer level packaging (WPL) is one of the popular techniques used for electronic products.

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Advanced packaging assists in improving device performance, reducing packaging size, and boosting energy efficiency thereby offering a smaller footprint. A press release by the Consumer Technology Association published in January 2020, states that the US registered sales of consumer technology at $401 billion, with an annual growth of 2.2% during 2019.

Deca Technologies, Powertech Technology, Inc., Siliconware Precision Industries Co., Ltd., Amkor Technology, Inc., ASE Group, Sanmina Corporation, and JCET Group Co., Ltd. are some leading advanced packaging companies in North America.

Table of Contents (ToC) of the report:

Chapter 1 Methodology and Scope

1.1 Research methodology

1.2 List of data sources

1.2.1 Secondary

1.2.2 Primary

Chapter 2 Executive Summary

2.1 North America Advanced Packaging Market snapshot

Chapter 3 North America Advanced Packaging Insights

3.1 Industry coverage

3.2 Industry size, 2016 - 2026

3.3 Impact of COVID-19 pandemic

3.4 Value chain analysis

3.4.1 Company product snapshot

3.5 Innovation landscape

3.6 Regulatory norms & directives

3.7 Drivers & restraints

3.7.1 Market drivers

3.7.2 Market restraints

3.8 Industry analysis – Porter’s

3.9 Competitive benchmarking, 2019

3.9.1 Strategy dashboard

3.10 PESTEL analysis

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About Graphical Research:

Graphical Research is a business research firm that provides industry insights, market forecast and strategic inputs through granular research reports and advisory services. We publish targeted research reports with an aim to address varied customer needs, from market penetration and entry strategies to portfolio management and strategic outlook. We understand that business requirements are unique: our syndicate reports are designed to ensure relevance for industry participants across the value chain. We also provide custom reports that are tailored to the exact needs of the customer, with dedicated analyst support across the purchase lifecycle.

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Graphical Research
Phone: 1-208-273-9852

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