Pune, India, March 16, 2022 (GLOBE NEWSWIRE) -- The global Semiconductor Assembly and Test Services (SATS) market size hit USD 30.71 billion in 2020. The market valuation is poised to increase from USD 31.86 billion in 2021 to USD 46.24 billion in 2028 at a CAGR of 5.5% during the projected period. The market is slated to garner significant momentum from the expanding consumer tech sector. Additionally, growing advances in automotive electronics and 5G technology will favor the market growth in the forthcoming years, states Fortune Business Insights™ in its report titled “Software-Defined Data Center Market, 2021-2028”.
Semiconductor Assembly and Test Services (SATS), a vital component of the chipmaking process, are experiencing robust demand, as the application scope of electronics continues to expand. This demand is being mainly observed across consumer electronics, automotive, and IT & telecom sectors. Demand for power-efficient devices, portable electronics, cloud-based services, and other digital technologies creates a promising outlook for SATS providers.
Get Sample Brochure for More Details: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/semiconductor-assembly-and-test-services-sats-market-106429
Companies Operating in Semiconductor Assembly and Test Services (SATS) Market
- Amkor Technology (U.S)
- ASE Group (Taiwan)
- Siliconware Precision Industries Co., Ltd. (Taiwan)
- Jiangsu Changjiang Electronics Technology Co., Ltd. (China)
- Unisem (M) Berhad (Malaysia)
- Powertech Technology Inc. (Taiwan)
- Integra Technologies (U.S.)
- UTAC (Singapore)
- Tianshui Huatian Technology Co., Ltd (China)
- King Yuan ELECTRONICS CO., LTD. (Taiwan)
- Chipbond Technology Corporation (Taiwan)
- GLOBALFOUNDRIES U.S. Inc. (U.S.)
- ChipMOS TECHNOLOGIES INC. (Taiwan)
- Walton Advanced Engineering Inc. (Taiwan)
- Lingsen Precision Industries, LTD. (Taiwan)
- Teledyne Technologies Inc. (U.S.)
- Formosa Advanced Technologies Co., Ltd (Taiwan)
Semiconductor Assembly and Test Services (SATS) Market Report Scope & Segmentation
| Report Coverage | Details |
| Forecast Period | 2021 to 2028 |
| Forecast Period 2021 to 2028 CAGR | 5.5% |
| 2028 Value Projection | USD 46.24 Billion |
| Base Year | 2020 |
| Market Size in 2020 | USD 30.17 Billion |
| Historical Data for | 2017 to 2019 |
| No. of Pages | 120 |
| Segments covered | Service type, Application, Geographically |
| Semiconductor Assembly and Test Services (SATS) Market Growth Drivers | Expanding Consumer Electronics Sector to Propel SATS Market Forward |
| Asia Pacific to Record Stellar Growth backed by Robust Semiconductor Industry |
Have Any Query? Speak to our Analyst: https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/semiconductor-assembly-and-test-services-sats-market-106429
COVID-19 Impact
Disruptions in Semiconductor Industry and Chip Shortages Affected Market Growth during 2020
Semiconductor Assembly and Test Services (SATS) market growth experienced a considerable slowdown during the COVID-19 pandemic. The same can be attributed to supply chain uncertainty and the shutdown of electronics manufacturing facilities in most parts of the world, especially during 2020. The International Data Corporation (IDC) reports that the global semiconductor industry revenue declined by approximately 6% in 2020.
However, to address the rising chip shortage, several major electronics companies were seen setting up new assembly and testing facilities. For instance, Tata Sons Private Limited plans to set up new assembly and testing units across three Indian states – Karnataka, Telangana, and Tamil Nadu – with a USD 300 million investment.
To get to know more about the short-term and long-term impact of COVID-19 on this market, please visit: https://www.fortunebusinessinsights.com/semiconductor-assembly-and-test-services-sats-market-106429
Market Segments
On the basis of service type, the market share is bifurcated into assembly and packaging and testing.
In terms of application, the market share is segmented into consumer electronics, automotive electronics, communication, computing and networking, and industrial.
Geographically, the market share is broken down into North America, Europe, South America, the Middle East & Africa, and the Asia Pacific.
Report Coverage
The report offers:
- Major growth drivers, restraints, opportunities, and potential challenges for the market.
- Comprehensive insights into the global as well as regional developments.
- List of key industry players.
- Major strategies adopted by the market players.
- Latest industry developments include product launches, partnerships, mergers, and acquisitions.
Drivers & Restraints
Expanding Consumer Electronics Sector to Propel SATS Market Forward
Continuous technological developments in the consumer electronics sector, fueled by never-ending consumer expectations, remain the major driver for the global Semiconductor Assembly and Test Services (SATS) market growth. Consumer techs such as smartphones, smart wearables, smart home devices as well as household appliances is experiencing rapid adoption worldwide. Additionally, the rising trend of smart homes and home automation are creating favorable opportunities for SATS companies. This is because these advanced technologies and use-cases require efficient, low-power chips. The aforementioned factors along with the expansion of 5G technology will strengthen the market outlook.
However, the high capital investment required to set up assembling and testing facilities could hamper the market expansion to some extent.
Quick Buy - Semiconductor Assembly and Test Services (SATS) Market Research Report: https://www.fortunebusinessinsights.com/checkout-page/106429
Regional Insights
Asia Pacific to Record Stellar Growth backed by Robust Semiconductor Industry
Asia Pacific generated USD 14.54 billion in terms of annual revenue in 2020 and will continue to dominate Semiconductor Assembly and Test Services (SATS) market share during the forecast duration. According to the Semiconductor Industry Association (SIA), about 80% of semiconductor assembly and testing is done in Asian countries. The expanding auto sector in the region along with the proliferating consumer tech sector will drive the regional market.
North America is a highly lucrative market for SATS, led by the presence of some of the world’s major semiconductor manufacturers in the region, especially in the U.S. Meanwhile, the market in Europe will experience notable growth on account of rising 5G adoption.
Industry Development
July 2021: Jiangsu Changjiang Electronics Technology Co., Ltd. unveiled XDFOI - a new line of high-density fanout packaging solutions. These products are reliable, cost-effective, and offer high-integration interconnection of chips to enable cutting-edge semiconductor manufacturing.
Major Table of Contents:
- Introduction
- Definition, By Segment
- Research Methodology/Approach
- Data Sources
- Executive Summary
- Market Dynamics
- Macro and Micro Economic Indicators
- Drivers, Restraints, Opportunities and Trends
- Impact of COVID-19 on Semiconductor assembly and test services (SATS) Market
- Short-term Impact
- Long-term Impact
- Competition Landscape
- Business Strategies Adopted by Key Players
- Consolidated SWOT Analysis of Key Players
- Porter’s Five Forces Analysis
- Global Semiconductor assembly and test services (SATS) Market Share Analysis and Matrix, 2020
- Key Market Insights and Strategic Recommendations
- Profiles of Key Players (Would be provided for 10 players only)
- 6.1. Overview
-
- Key Management
- Headquarters etc.
- Offerings/Business Segments
-
-
- Key Details (Key details are subjected to data availability in public domain and/or on paid databases)
- Employee Size
- Past and Current Revenue
- Geographical Share
- Business Segment Share
- Recent Developments
- Key Details (Key details are subjected to data availability in public domain and/or on paid databases)
- Primary Interview Responses
- Annexure / Appendix
- Global Semiconductor assembly and test services (SATS) Market Analysis, Insights and Forecast (Quantitative Data), By Segments, 2017-2028
- By Service Type (USD Bn)
- Assembly and Packaging
- Testing
- By Application (USD Bn)
- Communication
- Automotive Electronics
- Industrial
- Consumer Electronics
- Computing and Networking
- By Region (USD Bn)
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- South America
- By Service Type (USD Bn)
- North America Semiconductor assembly and test services (SATS) Market Analysis, Insights and Forecast (Quantitative Data), By Segments, 2017-2028
- By Service Type (USD Bn)
- Assembly and Packaging
- Testing
- By Application (USD Bn)
- Communication
- Automotive Electronics
- Industrial
- Consumer Electronics
- Computing and Networking
- By Country (USD Bn)
- U.S.
- By Application
- Communication
- Automotive Electronics
- Industrial
- Consumer Electronics
- Computing and Networking
- By Application
- Canada
- By Application
- Communication
- Automotive Electronics
- Industrial
- Consumer Electronics
- Computing and Networking
- By Application
- Mexico
- By Application
- Communication
- Automotive Electronics
- Industrial
- Consumer Electronics
- Computing and Networking
- By Application
- U.S.
- By Service Type (USD Bn)
- Global Semiconductor assembly and test services (SATS) Market Analysis, Insights and Forecast (Quantitative Data), By Segments, 2017-2028
Ask for Customization of this Report: https://www.fortunebusinessinsights.com/enquiry/customization/semiconductor-assembly-and-test-services-sats-market-106429
Have a Look at Related Research:
Geospatial Analytics Market Size, Share & COVID-19 Impact Analysis, By Component (Solution, Services), By Deployment (Cloud, On-premises), By Enterprise Size (Large Enterprises, SMEs), By Application (Disaster Management and Risk Reduction, Public Safety and Medicine Delivery, Surveying, Climate Change Adaptation, and Others), By End-User (Defense and Internal Security, Retail & Logistics, Government, BFSI, Energy & Utilities, Agriculture, Healthcare & Life Sciences, Infrastructure & Urban Development, and Others), and Regional Forecast, 2021-2028
Livestock Monitoring and Identification Market Size, Share & COVID-19 Impact Analysis, By Component (Hardware, Software, and Services), By End-use (Dairy Farm, Beef Farm, Sheep Farm, Deer Farm, and Goat and Pig Farm), and Regional Forecast, 2020-2027
Customer Self-Service Software Market Size, Share & Industry Analysis, By Component (Solution, Services), By Deployment (On-Premises, Cloud), By Industry Vertical (BFSI, Healthcare, IT and Telecommunication, Government and Public Sectors, Retail and Consumer Goods, Others) Others and Regional Forecast, 2022-2029
Virtual Router Market Size, Share and Global Trend by Component (Software & services), By End User (Telecom Providers, Cloud Providers, Enterprises) and Geography Forecast till 2022-2029
3D Radar Systems Market Size, Share and Global Trend by Range (Short Range, Medium Range, Long Range), Application (Airborne, Ground, Naval), Frequency (C/S/X Band, E/F Band, L Band, Others) and Geography Forecast till 2022-2029
About Us:
Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.
Contact Us:
Fortune Business Insights™ Pvt. Ltd.
9th Floor, Icon Tower,
Baner - Mahalunge Road,
Baner, Pune-411045, Maharashtra, India.
Phone:
US: +1 424 253 0390
UK: +44 2071 939123
APAC: +91 744 740 1245
Email: sales@fortunebusinessinsights.com
LinkedIn: https://www.linkedin.com/company/fortune-business-insights
Facebook: https://www.facebook.com/FortuneBusinessInsightsPvtLtd
