Market Introduction
The Europe market for SiP technology has been segmented into five major countries— into France, Italy, Germany, UK, and Russia. In 2019, Europe SiP technology market held 15.9% revenue share. The Europe region has strong penetration of advanced electronics devices compatible with advanced networking systems to connect network services of 5G, 4G and VoLTE. Also, Europe market witnesses’ massive growth in SiP technologies about an increased adoption of smartphones and wearables devices. Therefore, the adoption of system in package technology to miniaturize the electronic devices and small form factor based electronic demand is rising. UK is one of the major countries which has a significant market share in the SiP technology. Market driven by increasing smartphone and 5G network adoption. European countries such as UK, Italy, France and others shifting towards digitalization and automation which is driving the market growth. The Europe region is projected to grow at a considerable rate over the forecast period owing to the strong presence of semiconductor industry and supporting government policies for FDI. New technology development projects and collaborations of market players creates strong opportunity for the market. Also, 5G technology is growing rapidly in Europe, which is a major factor driving the Europe SiP technology market.
Europe is adversely affected by the ongoing COVID-19 outbreak. Spain, Italy, Germany, the UK, and France are a few of the worst affected countries in the region. Businesses in Europe are facing severe economic difficulties as they are either suspending their operations or reducing their activities in a substantial manner. The growth of the SiP technology market in Europe was hindered in the first half of 2020 as COVID-19 infected cases were rising with the significant rate. Countries such as Russia, France, Spain, the UK, and others had the major count of COVID-19 cases on daily basis owing to which lockdown was imposed across various countries, which hampered the SiP technology market growth. The semiconductor industry in Europe is resuming at slower growth rate than other regions. The demand from the industrial and automotive electronics has witnessed stronger hit than consumer electronics and communication electronics due to the COVID-19 pandemic. Post lockdown, the market is growing with the support from advanced electronics devices. For instance, Maggy (a Belgium-based company) is using Silicon Labs Bluetooth SiP module to develop new compact wearable for distancing application.
Market Overview and Dynamics
The SiP technology market in Europe is expected to grow from US$ 2187.5 million in 2019 to US$ 4164.9 million by 2027; it is estimated to grow at a CAGR of 10.8% from 2020 to 2027. In the era of digitization and Internet of Things (IoT) SiP technology is also offering advanced electronics devices for consumers. Consumer’s inclination towards the smart watches and IoT devices are great opportunity for the market in forecasted period. Some of the market players are introducing advanced wearable electronic gadgets for customers. The new features in smart wearables such as health monitoring, activity monitoring, internet connectivity and others are getting improved through system in package technology. For instance, recently launched Apple Watch 6 offers enhanced features such as blood oxygen monitor and hand-wash timer. To provide such features watch is integrated with supporting sensors and components, which are managed through SIP (system in package) technology.
Key Market Segments
In terms of packaging technology, the 2D IC segment accounted for the largest share of the Europe SiP technology market in 2019. Based on packaging type, the flip-chip/wire-bond SiP segment held a larger market share of the Europe 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, telecommunication 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 Europe 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.; GS Nanotech; JCET Group Co., Ltd.; Qualcomm Technologies, Inc.; Renesas Electronics Corporation; Samsung; Taiwan Semiconductor Manufacturing Company, Limited; and Texas Instruments Incorporated.
Reasons to buy report
Europe SiP technology Market Segmentation
Europe SiP technology Market - By Packaging
Technology
Europe SiP technology Market - By Packaging Type
Europe SiP technology Market - By Interconnection Technique
Europe SiP technology Market - By End-User Industry
Europe SiP technology Market, By Country
Europe SiP technology Market - Company Profiles
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 2187.5 Million |
| Market Size by 2027 | US$ 4164.9 Million |
| CAGR (2020 - 2027) | 10.8% |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Packaging Technology
|
| Regions and Countries Covered |
Europe
|
| Market leaders and key company profiles |
|
Some of the leading companies are:
The Europe SiP Technology Market is valued at US$ 2187.5 Million in 2019, it is projected to reach US$ 4164.9 Million by 2027.
As per our report Europe SiP Technology Market, the market size is valued at US$ 2187.5 Million in 2019, projecting it to reach US$ 4164.9 Million by 2027. This translates to a CAGR of approximately 10.8% during the forecast period.
The Europe SiP Technology Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe SiP Technology Market report:
The Europe SiP Technology Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe SiP Technology Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe SiP Technology Market value chain can benefit from the information contained in a comprehensive market report.
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