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Advanced Packaging Market to Garner $ 64.19 Bn, Globally, by 2027 At 10.2% CAGR, Says Allied Market Research- Rise in demand for miniaturization of devices and improved system performances and optimization of advances packaging drive the global advanced packaging market PORTLAND, Oregon, June 11, 2020 /PRNewswire/ -- Allied Market Research recently published a report, "Advanced Packaging Market by Type (Flip Chip CSP, Flip-Chip Ball Grid Array, Wafer Level CSP, 2.5D/3D, Fan-Out WLP, and Others), and End Use (Consumer Electronics, Automotive, Industrial, Healthcare, Aerospace & Defense, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027". According to the report, the global advanced packaging industry was pegged at $29.42 billion in 2019, and is anticipated to hit $64.19 billion by 2027, growing at a CAGR of 10.2% from 2020 to 2027.
Rise in demand for miniaturization of devices and improved system performances and optimization of advances packaging drive the global advanced packaging market. However, high cost of advanced packaging hampers the market growth. On the contrary, emerging trends of fan-out wafer level packaging would open new opportunities for the market players in the coming years. Download Sample PDF (224 Pages): https://www.alliedmarketresearch.com/request-sample/2355 COVID-19 scenario: The novel coronavirus pandemic has had a significant impact on the packaging industry.
The fan-out WLP segment to manifest highest growth through 2027 Based on type, the fan-out WLP segment is expected to register the fastest CAGR of 14.0% during the forecast period. This is due to its significant technical advantages, which has led to its huge commercialization. On the other hand, the flip-chip ball grid array segment held the largest share in 2019, accounting for nearly one-third of the global advanced packaging market. This is due to the applications it offers including chipsets for PC, servers, microprocessors for PC & servers, memory, network products, and cellular base stations. The agricultural formulations segment held the largest share Based on end use, the consumer electronics segment dominated the global advanced packaging market in 2019, contributing to more than three-fifths of the total revenue, owing to high adoption of smart devices across various industry verticals and rising emergence of IoT. On the other hand, the healthcare segment is expected to register the highest CAGR of 124% during the forecast period. The emerging demand of advanced medical devices in the healthcare industry provides lucrative opportunity. Get detailed COVID-19 impact analysis on the Advanced Packaging Market: https://www.alliedmarketresearch.com/request-for-customization/2355?reqfor=covid North America to manifest fastest CAGR by 2027- Based on region, the North America region is expected to register the highest CAGR of 10.3% during the forecast period. On the other hand, the global advanced packaging market across Asia-Pacific held the largest share in 2019, accounting for nearly four-fifths of the market. This is due to the availability of high-end enhanced technologies, increase in demand for smart electronics, and growth in manufacturing industries. Major market players
Interested in Procure Data? Visit Here: https://www.alliedmarketresearch.com/advanced-packaging-market/purchase-options Access AVENUE- A Subscription-Based Library (Premium on-demand, subscription-based pricing model) at: https://www.alliedmarketresearch.com/library-access Avenue is a user-based library of global market report database, provides comprehensive reports pertaining to the world's largest emerging markets. It further offers e-access to all the available industry reports just in a jiffy. By offering core business insights on the varied industries, economies, and end users worldwide, Avenue ensures that the registered members get an easy as well as single gateway to their all-inclusive requirements. Avenue Library Subscription | Request for 14 days free trial of before buying: https://www.alliedmarketresearch.com/avenue/trial/starter Similar Reports We Have: Electronic Shelf Label Market Size is Projected to Reach $2.16 billion by 2026 Wafer Backgrinding Tape Market size is expected to reach $261.42 million by 2026 Mobile Logistics Robot Market is Projected to Reach $11,269.1 million by 2025 3D Semiconductor Packaging Market Growing at a CAGR of 15.7 % for Forecast Period Pre-Book Now with 12% Discount: LED Packaging Market: Global Opportunity Analysis and Industry Forecast, 2020-2027 About Us: Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry. Contact us: Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg 
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