US Semiconductor Assembly and Testing Services Market Forecast to 2028 - COVID-19 Impact and Country Analysis By Service (Assembly and Packaging Services and Testing Services) and Application (Consumer Electronics, Automotive, Medical, Space, Military, and Others)
Market Introduction
Semiconductor industry plays an essential role in enabling cutting-edge digital technologies used in diverse industry verticals such as consumer electronics, automotive, medical, space, military, and IT & telecommunication among several others. With continuous growth in advanced technologies such as autonomous driving, 5G, artificial intelligence (AI), and Internet of Things (IoT); and rising research and development investments by semiconductor designing and manufacturing companies present in the country, the US semiconductor industry is anticipated to witness a robust growth over the forecast period of 2021 to 2028. Moreover, the high demand for telecom infrastructure and consumer electronics is fueling the growth of semiconductor assemble, packaging, and testing market in the US. Further, with rising demand of industrial automation, vehicle electrification, autonomous driving, 5G, IoT, and digital connectivity across country.
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Market Overview and Dynamics
The US semiconductor assembly and testing services market is expected to grow from US$ 10,723.0 million in 2021 to US$ 15,798.4 million by 2028; it is estimated to grow at a CAGR of 5.7% from 2021 to 2028.
Semiconductors have a wide range of applications in the automotive sector, especially in due to emerging technologies such as autonomous driving as well as in various automotive electronic equipment. The adoption of safety-related electronics has grown rapidly in the last few decades. Semiconductor component manufacturers are continuously focusing on the manufacturing of advanced systems. Further, surge in demand for multiple semiconductor devices, such as microcontrollers, sensors, and memory, is benefitting the automotive semiconductor vendors. Electrification, automation, digital connectivity, and security systems further add to the demand for more semiconductor equipment in automotive electronics. Furthermore, the addition of modern safety features such as advanced driver-assistance systems (ADAS) to the vehicles is resulting in increased use of automotive electronic components in navigation, safety, and fuel-efficiency applications. This would drive the demand for integrated circuits, microcontrollers, and sensors. Therefore, surge in the use of semiconductors in the automotive sector is providing significant growth opportunities for the semiconductor assembly and testing service market players in the US.
Impact of COVID-19 Pandemic on US Semiconductor Assembly and Testing Services Market
The COVID-19 pandemic has shaken several industries. The tremendous growth in the spread of the virus has urged US government to impose strict restrictions on vehicles and human’s movement. Due to travel ban, mass lockdown, and business shutdowns, the pandemic has affected economies and countless industries in the country. The lockdown imposition has resulted in lesser production of commodities, goods, and services. Manufacturing, automotive, semiconductor & electronics, oil & gas, mining, aviation, and other industries have witnessed a decline in their operations due to the temporary shutdown of activities. The semiconductor industry took a significant hit as the demand for electronic components was lowered from industrial sector and end users. The revenue model for microelectronics has declined as no mass production was carried in the lockdown period.
US market suffered a huge loss in the first half of 2020 owing to the high number of COVID-19 cases. Post lockdown, the market witnessed increasing demand for digital devices. US is among the leading country in adopting smart or IoT-based devices due to favourable infrastructure support for high-speed internet services. The adoption of the 5G network is supposed to drive the market growth post lockdown. The COVID-19 outbreak has a major impact on manufacturing facilities as production capacities were lowered. As the demand for electronics remained constant, it helped the market to resume the growth. For instance, in December 2020, Qualcomm Inc, a leading manufacturer of microprocessors (US) has predicted that the shipments of 5G smartphones will double in 2022, with the increasing 5G network deployment. Such increasing adoption of 5G smartphones is lowering the COVID- 19 impact for the post lockdown period; while in lockdown, it certainly hampered the market growth. Further, in post lockdown, semiconductor industry started to regain the market share as production facilities restarted the operation by taking social distancing measures. Besides, work from home and remote monitoring strategies also helped increase the sale of advanced electronics products for better connectivity. IT and telecommunication industry importance have been highlighted for the communicational purpose, which allowed the industry to evolve with new technologies such as IoT connectivity. The increasing demand for the small firm factor-based electronics devices specifically for health monitoring and smartphones augmented the market growth.
Key Market Segments
The US semiconductor assembly and testing services market is segmented on the basis of service and application. Based on service, the US semiconductor assembly and testing services market is segmented into assembly and packaging services and testing services. The assembly and packaging services segment held the largest market share in 2020 owing to high demand of semiconductor in consumer electronics, automotive, medical, space, and military. On the basis of application, the market is segmented into consumer electronics, automotive, medical, space, military, and others. The consumer electronics segment dominated the market pertaining in terms of revenue share whereas automotive is the expected to be the fastest growing application segment over the forecast period of 2021 to 2028.
Major Sources and Companies Listed
The top companies operating in the US semiconductor assembly and testing services market are Amkor Technology; ASE Group; Unisem Group; DPA Components International (DPACI); GlobalFoundries U.S. Inc.; Golden Altos Corporation; Grinding & Dicing Services, Inc.; Micross; Precision Test Solutions; Promex Industries Inc.; SkyWater Technology. Various other companies operating in the market are coming up with new technologies and offerings, which is helping the US semiconductor assembly and testing services market to expand in terms of revenue.
Reasons to Buy Report
- To understand the US semiconductor assembly and testing services market landscape and identify market segments that are most likely to guarantee a strong return
- To stay ahead of the race by comprehending the ever-changing competitive landscape for the US semiconductor assembly and testing services market
- To efficiently plan M&A and partnership deals in the US semiconductor assembly and testing services market by identifying market segments with the most promising probable sales
- To make knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segments of the US semiconductor assembly and testing services market
- To obtain revenue forecast for market by various segments from 2020 to 2028 in US
US Semiconductor Assembly and Testing Services Market Segmentation
US Semiconductor Assembly and Testing Services Market – by Service
- Assembly and Packaging Services
- Testing Services
US Semiconductor Assembly and Testing Services Market – by Application
- Consumer Electronics
- Automotive
- Medical
- Military
- Space
- Others
US Semiconductor Assembly and Testing Services Market - Companies Mentioned
- Amkor Technology
- ASE Group
- Unisem Group
- DPA Components International (DPACI)
- GlobalFoundries U.S. Inc.
- Golden Altos Corporation
- Grinding & Dicing Services, Inc.
- Micross
- Precision Test Solutions
- Promex Industries Inc.
- SkyWater Technology
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. US Semiconductor Assembly and Testing Services Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 US – PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
4.5 Premium Insights
4.5.1 Government Initiatives – US Semiconductor Assembly and Testing Services Market
4.5.2 Application of Semiconductors in Missiles and Aircraft – US Semiconductor Assembly and Testing Services Market
5. US Semiconductor Assembly and Testing Services – Market Dynamics
5.1 Market Drivers
5.1.1 Rising Demand for Consumer Electronics
5.1.2 High Usage of Semiconductor Devices in Military Applications
5.2 Market Restraints
5.2.1 Growing Problem of E-Waste Generation
5.3 Market Opportunities
5.3.1 Proliferation of Automotive Sector
5.4 Future Trends
5.4.1 Advancements in Semiconductor Packaging Technologies
5.5 Impact Analysis of Drivers and Restraints
6. Semiconductor Assembly and Testing Services Market – US Analysis
6.1 Semiconductor Assembly and Testing Services Market - US Overview
6.2 US Semiconductor Assembly and Testing Services Market – Revenue and Forecast to 2028 (US$ Million)
6.3 Market Positioning – US Key Players
7. US Semiconductor Assembly and Testing Services Market Analysis – By Service
7.1 Overview
7.2 US Semiconductor Assembly and Testing Services Market Breakdown, by Service, 2020 and 2028
7.3 Assembly and Packaging Services
7.3.1 Overview
7.3.2 Assembly and Packaging Services: US Semiconductor Assembly and Testing Services Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Testing Services
7.4.1 Overview
7.4.2 Testing Services: US Semiconductor Assembly and Testing Services Market – Revenue and Forecast to 2028 (US$ Million)
8. US Semiconductor Assembly and Testing Services Market Analysis – By Application
8.1 Overview
8.2 US Semiconductor Assembly and Testing Services Market Breakdown, by Application, 2020 and 2028
8.3 Consumer Electronics
8.3.1 Overview
8.3.2 Consumer Electronics: US Semiconductor Assembly and Testing Services Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Automotive
8.4.1 Overview
8.4.2 Automotive: US Semiconductor Assembly and Testing Services Market – Revenue and Forecast to 2028 (US$ Million)
8.5 Medical
8.5.1 Overview
8.5.2 Medical: US Semiconductor Assembly and Testing Services Market – Revenue and Forecast to 2028 (US$ Million)
8.6 Space
8.6.1 Overview
8.6.2 Space: US Semiconductor Assembly and Testing Services Market – Revenue and Forecast to 2028 (US$ Million)
8.7 Military
8.7.1 Overview
8.7.2 Military: US Semiconductor Assembly and Testing Services Market – Revenue and Forecast to 2028 (US$ Million)
8.8 Others
8.8.1 Overview
8.8.2 Others: US Semiconductor Assembly and Testing Services Market – Revenue and Forecast to 2028 (US$ Million)
9. Impact OF COVID-19 Pandemic on US Semiconductor Assembly and Testing Services Market
9.1 Overview
10. Industry Landscape
10.1 Market Initiative
10.2 Merger and Acquisition
10.3 New Development
11. Company Profiles
11.1 Amkor Technology
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 ASE Group
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Unisem Group
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 DPA Components International (DPACI)
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 GlobalFoundries U.S. Inc.
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 Golden Altos Corporation
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 Grinding & Dicing Services, Inc.
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 Micross
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
11.9 Precision Test Solutions
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.9.6 Key Developments
11.10 Promex Industries Inc.
11.10.1 Key Facts
11.10.2 Business Description
11.10.3 Products and Services
11.10.4 Financial Overview
11.10.5 SWOT Analysis
11.10.6 Key Developments
11.11 SkyWater Technology
11.11.1 Key Facts
11.11.2 Business Description
11.11.3 Products and Services
11.11.4 Financial Overview
11.11.5 SWOT Analysis
11.11.6 Key Developments
12. Appendix
12.1 About The Insight Partners
12.2 Glossary of Terms
LIST OF TABLES
Table 1. US Semiconductor Assembly and Testing Services Market – Revenue and Forecast to 2028 (US$ Million)
Table 2. Glossary of Term: US Semiconductor Assembly and Testing Services Market
LIST OF FIGURES
Figure 1. US Semiconductor Assembly and Testing Services Market Segmentation
Figure 2. The US Semiconductor Assembly and Testing Services Market Overview
Figure 3. Assembly and Packaging Services Segment has the Highest Market Share – By Service
Figure 4. Consumer Electronics Segment has the Highest Market Share – By Application
Figure 5. US – PEST Analysis
Figure 6. Ecosystem Analysis
Figure 7. Expert Opinion
Figure 8. US Semiconductor Assembly and Testing Services Market Impact Analysis of Drivers and Restraints
Figure 9. US Semiconductor Assembly and Testing Services Market – Revenue and Forecast to 2028 (US$ Million)
Figure 10. US Semiconductor Assembly and Testing Services Market Breakdown, by Service (2020 and 2028)
Figure 11. Assembly and Packaging Services: US Semiconductor Assembly and Testing Services Market – Revenue and Forecast to 2028 (US$ Million)
Figure 12. Testing Services: US Semiconductor Assembly and Testing Services Market – Revenue and Forecast to 2028 (US$ Million)
Figure 13. US Semiconductor Assembly and Testing Services Market Breakdown, by Application (2020 and 2028)
Figure 14. Consumer Electronics: US Semiconductor Assembly and Testing Services Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15. Automotive: US Semiconductor Assembly and Testing Services Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. Medical: US Semiconductor Assembly and Testing Services Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. Space: US Semiconductor Assembly and Testing Services Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. Military: US Semiconductor Assembly and Testing Services Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. Others: US Semiconductor Assembly and Testing Services Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. Impact of COVID-19 Pandemic in US Country Market
The List of Companies - US Semiconductor Assembly and Testing Services Market
- Amkor Technology
- ASE Group
- Unisem Group
- DPA Components International (DPACI)
- GlobalFoundries U.S. Inc.
- Golden Altos Corporation
- Grinding & Dicing Services, Inc.
- Micross
- Precision Test Solutions
- Promex Industries Inc.
- SkyWater Technology
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the US semiconductor assembly and testing services market.
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