Increasing Demand for Electronic Products Propels the Global Semiconductor Assembly and Testing Services (SATS) Market. APAC to Dominate the Global Market
Market Research Future (MRFR) report on Semiconductor Assembly and Testing Services (SATS) market (2016-2022) discusses and analyses the effect of the Covid-19 outbreak on the semiconductor assembly and testing services (SATS) industry, including future opportunities and threats, drivers, and risks. The report presents the impact assessment of the Covid-19 effects on semiconductor assembly and testing services (SATS) and the market growth forecast based on different scenarios.
Semiconductor assembly & testing services (SATS) can be referred to as a cloud service that needs less maintenance and easier application development. It allows end-users to perform programming and all other activities without having to handle any server.
With the growing proliferation of cloud services, the use of semiconductor assembly and testing services (SATS) is rising. Electrification and automation of automobiles are contributing to a growing need for semiconductor assembly and testing. These factors are anticipated to accelerate the global Semiconductor Assembly and Testing Services (SATS) market over the forecast period.
Moreover, the market is rising with the increasing demand for electronic equipment. Companies are investing in the production of new electronic products. It is designed with an advanced organic semiconductor that helps reduce risk, speed time on the market, mitigate cycle times, and etc.
The key participants identified by MRFR in this market are Advanced Semiconductor Engineering, Inc. (U.S.), Powertech Technology Inc. (Taiwan), Amkor Technology, Inc. (U.S.), Siliconware Precision Industries Co., Ltd. (Taiwan), STATS ChipPAC Ltd (Singapore), CORWIL Technology (U.S.), Chipbond Technology Corporation (U.S.), Integrated Micro-Electronics, Inc. (U.S.), Global Foundries (U.S.).
In 2013, Amkor Technology, Inc. acquired Toshiba Electronics Malaysia to improve cost competitiveness and expand assembly operations. This acquisition was made to increase the efficiency of its semiconductor power operations.
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The global semiconductor assembly and testing services market has been segmented based on service and application.
Regionally, the global market for semiconductor assembly and testing services market has been segmented into the Asia Pacific, North America, Europe, and the rest of the world.
The global market for semiconductor assembly and testing services was led by the Asia Pacific in 2016 and had a market share of 45%. The Asia Pacific market is driven by growing consumer demand for electronic equipment, growing market presence of leading players such as the Silicon Precision industry, and Powertech Technology. In addition, China is home to the largest consumer electronics industry. Japan has seen considerable developments in the semiconductor industry, and India has seen increased demand from the telecommunications industry.
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