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Semiconductor Assembly and Testing Services (SATS) Market: Surging Adoption of Consumer Electronics Will Drive Demand for SATS Providers: Global Industry Analysis and Opportunity Assessment 2015-2021NEW YORK, March 6, 2017 /PRNewswire/ -- Market Segmentation Consumer Electronics Drive the Assembly and Packaging Service Segment By service, assembly and packaging segment is likely to remain dominant over testing segment, with a remarkable CAGR over 2015-2021. This growth is primarily attributed to the proliferation of consumer electronics sector. Emergence of advanced packaging solutions will also indirectly drive this segment further. Flip Chip Segment Gathers Higher Momentum in Terms of Packaging Solution Based on packaging solution, copper wire and gold wire bonding segment will witness declining growth despite retaining the market dominance throughout the forecast period. This segment's revenues are predicted to reach over US$ 14 Bn by 2021 end, whereas the market share will see a decline from nearly 53% expected in 2016, to around 45% in 2021. However, the flip chip segment is anticipated to witness robust growth at a CAGR of 8.1% over 2015-2021, accounting for over 21% market share in 2021. Wafer level packaging segment will also exhibit a significant CAGR. Communication Remains the Largest Application Segment On the basis of application, communication segment is likely to maintain dominance over the forecast period. The consumer electronics application segment will however register stellar growth at the highest CAGR during 2015-2021. Regional Segmentation The global semiconductor assembly and testing services market is regionally segmented into four key markets: - North America - Europe - Asia Pacific - Middle East and Africa Although APAC is expected to remain the leading market with over 86% share of the entire market, FMI indicates that this region will witness a moderate CAGR over the forecast period, registering a steady decline in the Y-o-Y growth by 2021 end. However, North America is projected to observe stable growth throughout the forecast period, accounting for over 28% share in 2021. Key Market Players The leading companies competing in the global semiconductor assembly and testing services market are ASE Group, Amkor Technologies Inc., Silicon Precision Industries Co. Ltd., Psi Technologies Inc. (IMI), STATS ChipPAC Ltd. (JCET), Global Foundries, Powertech Technology Inc., Chipbond Technology Corporation, and CORWIL Technology corporation. A majority of the low-end service providers are currently competing on price-effective products. Key players are increasingly investing in R&D of innovative, cost-effective packaging solutions. Download the full report: https://www.reportbuyer.com/product/4665961/ About Reportbuyer Reportbuyer is a leading industry intelligence solution that provides all market research reports from top publishers http://www.reportbuyer.com For more information: Sarah Smith Research Advisor at Reportbuyer.com Email: [email protected] Tel: +44 208 816 85 48 Website: www.reportbuyer.com To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/semiconductor-assembly-and-testing-services-sats-market-surging-adoption-of-consumer-electronics-will-drive-demand-for-sats-providers-global-industry-analysis-and-opportunity-assessment-2015-2021-300418819.html SOURCE ReportBuyer |