Asia Pacific SiP Technology Market

Market Introduction

The SiP technology system market in APAC is further segmented into India, Japan, Australia, China, South Korea, and Rest of APAC. India and China are leading semiconductor manufacturing countries in APAC. Rising disposable income in developing countries, especially India and China—leading to large client base for high-tech consumer electronics such as smart wearables, smartphones, and electric vehicles—is driving the SiP technology market growth. China is a leading manufacturing hub for the SiP technology-based products, while India and Japan are also significant contributors to the regional growth. Many of the APAC countries are characterized by the mass production of electronic devices required for consumer electronics, automotive components, telecommunication devices, and other industrial machineries. Rising electronics manufacturing companies in India and China owing to strong availability of skilled human resources is driving the system in package technology market growth. Also, growing need of smartphone and PC to enhance the overall performance is a major factor driving the APAC SiP technology market.  

COVID-19 outbreak was first reported in China. China, India, South Korea, Japan, and other countries are increasingly moving toward the new networking solution such as 5G, 4G, and VoLTE. China and India are the biggest manufacturing hubs in the region and have increasing focus toward the industrialization. Lockdown, imposed due to COVID-19 outbreak, is hindering the market growth as businesses are remaining close. Manufacturing industry is also hampered, but soon its growth is expected to get recovered by enhancing the production capabilities in second half of the year 2021. The demand for many advanced electronics products such as smartwatch, smart wearable, and healthcare machines is rising at the significant rate. Companies in Asia are also restructuring their capabilities by adopting various strategies such as automation, partnership, and acquisition. For instance, Universal Scientific Industrial (Shanghai) Co., Ltd. acquired the Asteelflash Group to utilize their production facilities for increasing production of SiP modules and other electronics devices.

Market Overview and Dynamics

The APAC SiP technology market is expected to grow from US$ 6,843.3 million in 2019 to US$ 9,881.8 million by 2027; it is estimated to grow at a CAGR of 7.0% from 2020 to 2027. Growing trend of the small form factor based handheld electronic devices is one of the major factors, which accelerates market growth. The technological advancement in electronics forming such as miniaturization has influenced various markets such as military, aerospace, medical, media, retail and consumer electronics. The devices with small form factor-based packages embed more functionality and becoming alternative for traditional packaging systems. Personalized healthcare gadgets, thin sized smartphone, compact PCs and others devices are occupied with system in package technology-based components such as processor, sensors, RF modules and others. Continuous development in advanced packaging technology such as 3D IC, 2.5D IC and others are further supplementing the market by resolving the technical challenges.

Key Market Segments

In terms of packaging technology, the 2D IC segment accounted for the largest share of the APAC SiP technology market in 2019. Based on packaging type, the flip-chip/wire-bond SiP segment held a larger market share of the APAC SiP technology market in 2019. On basis of interconnection technique, pin grid arrays held a substantial share throughout the forecast period. Based on end-user industry, consumer electronics segment is expected to be hold largest market share during the forecast period.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the SiP technology market in APAC are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Amkor Technology, Inc.; ASE Technology Holding Co., Ltd.; ChipMOS TECHNOLOGIES INC.; JCET Group Co., Ltd.; Qualcomm Technologies, Inc.; Renesas Electronics Corporation; Samsung; Taiwan Semiconductor Manufacturing Company, Limited; and Texas Instruments Incorporated.

Reasons to buy report

• To understand the APAC SiP technology market landscape and identify market segments that are most likely to guarantee a strong return
• Stay ahead of the race by comprehending the ever-changing competitive landscape for APAC SiP technology market
• Efficiently plan M&A and partnership deals in APAC SiP technology market by identifying market segments with the most promising probable sales
• Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form APAC SiP technology market
• Obtain market revenue forecast for market by various segments from 2020-2027 in APAC region.

APAC SiP technology Market Segmentation

APAC SiP technology Market - By Packaging

Technology

• 2D IC
• 2.5D IC
• 3D

APAC SiP technology Market - By Packaging Type

• Flip-Chip/Wire-Bond SiP
• Fan-Out SiP
• Embedded SiP

APAC SiP technology Market - By Interconnection Technique

• Small Outline
• Flat Packages
• Pin Grid Arrays
• Surface Mount
• Others

APAC SiP technology Market - By End-User Industry

• Automotive
• Aerospace and Defense
• Consumer Electronics
• Telecommunication
• Others

APAC SiP technology Market, By Country

• Australia
• China
• India
• Japan
• South Korea
• Rest of APAC

APAC SiP technology Market - Company Profiles

• Amkor Technology, Inc.
• ASE Technology Holding Co., Ltd.
• ChipMOS TECHNOLOGIES INC.
• JCET Group Co., Ltd.
• Qualcomm Technologies, Inc.
• Renesas Electronics Corporation
• Samsung
• Taiwan Semiconductor Manufacturing Company, Limited
• Texas Instruments Incorporated

Asia Pacific SiP Technology Market Strategic Insights

Asia Pacific SiP Technology Market Segmentation Analysis

Asia Pacific SiP Technology Market Report Highlights

Asia Pacific SiP Technology Report Scope

Asia Pacific SiP Technology Market Country and Regional Insights