Global Flip Chip Market Worth $36.7 Billion by 2026 - Advancements of Copper Pillar and Micro Bumping Metallurgy Driving Growth

DUBLIN, Aug. 26, 2020 /PRNewswire/ -- The "Global Flip Chip Market By Packaging Technology, By Bumping Technology, By End User, By Region, Industry Analysis and Forecast, 2020-2026" report has been added to ResearchAndMarkets.com's offering.

The Global Flip Chip Market size is expected to reach $36.7 billion by 2026, rising at a market growth of 8.2% CAGR during the forecast period. Technological dominance over wire bond connections, growing demand for high connectivity devices, retaining high package density and increasing circuit durability are some of the factors driving the flip-chip market.

The demand for flip chip technology is currently undergoing a high growth owing to the advancement of copper pillar and micro bumping metallurgy and its extensive application of consumer electronics and mobile phones. Current bumping methods support the most advanced manufacturing techniques, such that the flip chip process can be modified to meet new challenges. Due to its increased performance capabilities, flip chip technology has become a commonly recognized medium-range and high-range technology. Increasing demand for mobile wireless, computer and consumer applications is pushing the market growth for flip-chip technology.

The rate of adoption of the flip chip is influenced by the cost of the bumping and assembly process. Key market players are focused on the introduction of efficient and advanced packaging solutions to sustain tough competition on the market. Flip chip finds its primary application in electronic packaging and electrical connections. The Copper Pillar Bump is a next-generation flip chip interconnect that provides advantages in design to meet current and future requirements for electronic devices. It is a remarkable interconnecting choice for applications such as transceivers, embedded processors and electrical processors.

Global flip-chip market revenue has seen significant growth in recent years; however, the market is experiencing a sudden decline as the critical electronics manufacturing industries have been temporarily shut down, primarily to minimize the spread of COVID-19. In addition, tis pandemic has had a major impact on the global supply chain, both by impacting suppliers through shortages of components, materials and finished goods and by reducing consumer spending in China on semiconductor-dependent products such as consumer electronics, automobiles and others. Therefore, the semiconductor industry is compelled to change the global supply chain model, which in effect is expected to have a positive impact on the growth of the market in the near future.

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SOURCE Research and Markets

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