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Semiconductor Chip Packaging Market | Increasing Use of Semiconductors in the Automobile Sector will Drive Growth | Research Report by TechnavioThe global semiconductor chip packaging market size is poised to grow by USD 365.55 billion during 2020-2024, progressing at a CAGR of over 26% throughout the forecast period, according to the latest report by Technavio. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Download a Free Sample of REPORT with COVID-19 Crisis and Recovery Analysis. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201120005579/en/ Technavio has announced its latest market research report titled Global Semiconductor Chip Packaging Market 2020-2024 (Graphic: Business Wire) The increasing use of semiconductors in the automobile sector will drive the growth of this industry during the forecast period. A variety of semiconductor ICs are used in automotive products such as GPS, airbag control, anti-lock braking system (ABS (News - Alert)), power doors and windows, infotainment, automated driving, and collision detection technology. Apart from these factors the increase in car production, will also boost the demand for electronic devices. This in turn will indirectly trigger the demand for semiconductor chip packaging during the forecast period. Register for a free trial today and gain instant access to 17,000+ market research reports. Technavio's SUBSCRIPTION platform Report Highlights:
Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free. View market snapshot before purchasing Increase in the size of silicon wafers will be a key market trend The shift to longer diameter wafers reduces the cost of manufacturing semiconductor ICs by nearly 20%-25%. Recent semiconductors have increased the size of the silicon wafers from 100 mm to 300 mm because of the above-mentioned reason. This trend is expected to gather further momentum during the forecast period as companies are investing a substantial amount in constructing and upgrading fabs to manufacture 300-mm wafers. With the success of this, there are few recent advancements where the industry is planning to develop 450-mm wafer technology, which will also have a positive impact on the semiconductor chip packaging market. Technavio's sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more. Request a free sample report Semiconductor Chip Packaging Market 2020-2024: Key Highlights
Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free. View market snapshot before purchasing Related Reports on Information Technology Include: Discrete Diode Market by End-user and Geography - Forecast and Analysis 2020-2024: The discrete diode market size has the potential to grow by USD 431.64 million during 2020-2024, and the market's growth momentum will accelerate during the forecast period. Click and get a FREE sample report in minutes Semiconductor Production Equipment (SPE) Market in Southeast Asia 2017-2021: This market research study identifies ASML, KLA-Tencor, LAM Research, and Tokyo Electron as the leading players in the semiconductor production equipment (SPE) market in Southeast Asia. A comprehensive analysis of this market is also presented by end-user such as memory segment, foundry segment, and IDM segment. Click and get a FREE sample report in minutes Executive Summary Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by End-user
Market Segmentation by Technique
Customer Landscape Geographic Landscape
Vendor Landscape
Vendor Analysis
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About Us Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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