Global Semiconductor Packaging Market Size Will Reach $35.83 Billion in 2023

Semiconductor packaging refers to the process of processing tested wafers into independent chips according to product models and functional requirements. The specific process is as follows: the wafer from the wafer front process is cut into small chips through the wafer cutting process, and then the cut chips are glued onto the corresponding small islands of the substrate (lead frame) frame. Next, ultra-fine metal (gold tin copper aluminum) wires or conductive resin are used to connect the bonding pads of the chips to the corresponding pins of the substrate, and the required circuit is formed; Then, the independent chips are packaged and protected with a plastic shell. After plastic packaging, a series of operations are carried out. After packaging, finished product testing is carried out, usually through inspection, testing, and packaging processes, and finally stored and shipped.

Global Semiconductor Packaging Segmentation Market Analysis

From the perspective of segmentation types, the flip-chip segment market dominates. Flip chip refers to depositing tin and lead balls on I/O pads, then flipping and heating the chip. This technology combines molten tin and lead balls with ceramic substrates to replace conventional wire bonding. Currently, it is mainly used in high pulse CPUs, GPU (Graphic Processor Units), Chipset, and other products. According to our research data, the market size of the flip-chip segment is expected to reach $11.57 billion in 2023, with an estimated market share of 32.28%.

From the perspective of downstream application patterns, the consumer electronics sector is the largest downstream application market for semiconductor packaging. Data shows that the estimated application scale of semiconductor packaging in the consumer electronics field in 2023 is $22.03 billion, with a market share of 61.49%.

Global Semiconductor Packaging Market Size and Share Forecast byType and Application in 2023


Market Size (Billion USD)

Market Share

Segmented by Type

Flip Chip

11.57

32.28%

Embedded Die

0.29

0.81%

Fan-in Wafer Level Packaging (Fi Wlp)

1.39

3.89%

Fan-out Wafer Level Packaging (Fo Wlp)

0.66

1.83%

Others

21.92

61.18%

Segmented by Application

Consumer Electronics

22.03

61.49%

Aerospace and Defense

1.92

5.35%

Medical Devices

2.35

6.57%

Communications and Telecom

3.64

10.16%

Automotive Industry

3.93

10.97%

Others

2.95

8.24%

Source: www.globalmarketmonitor.com

Overview of Global Semiconductor Packaging Market Development and Analysis of Competitive Landscape
Semiconductor packaging is an important component of electronic manufacturing, which protects and supports the normal operation of semiconductor chips while helping electronic devices achieve miniaturization, high performance, and low cost. In recent years, with the continuous emergence of new technologies such as artificial intelligence, the Internet of Things, and 5G communication, the semiconductor packaging market has steadily grown. According to our data, the total global semiconductor packaging market size is expected to reach $35.83 billion in 2023 and is expected to continue to increase to $47.70 billion by 2027.
From the perspective of market competition, the concentration of the global semiconductor packaging market is moderate. Based on our data, the total revenue of the semiconductor packaging market for the top 3 companies in the industry in 2020 was $12.32 billion, with a total revenue share of 42.38%. The top three companies were ASE Technology Holding Co., Ltd., Amkor Technology, and JCET (STATS ChipPAC). In 2020, these three companies accounted for 16.90%, 13.16%, and 12.32% of the global semiconductor packaging market revenue, respectively.
Global Semiconductor Packaging Market Size Forecast and Competition Pattern Analysis  

Global Semiconductor Packaging Market Size Forecast and Competition Pattern Analysis
Source: www.globalmarketmonitor.com
Analysis of Main Technical Trends in Semiconductor Packaging
High-density integration: With the increasing demand for miniaturization and high-performance electronic devices, high-density integration has become an important trend in semiconductor packaging technology. By improving the integration of chips, the volume and weight of electronic devices can be reduced, while improving their performance.
3D packaging: 3D packaging technology is a packaging method that vertically stacks multiple chips together to achieve higher performance and smaller volume. This technology can significantly improve the performance and integration of electronic devices while reducing costs.
Flexible electronics: Flexible electronics is a technology that enables electronic devices to be bent and folded on flexible substrates. This technology can bring new product forms and market applications, with great development potential.
System-level packaging: System-level packaging is a technology that integrates multiple chips and devices into one package, enabling higher levels of integration and performance. This technology is widely used in fields such as high-performance computing and artificial intelligence.

For more industry information, please refer to our latest released "2023 Global Semiconductor Packaging Market Analysis Report, Key Competitors, Market Effect Factors, Growth, And Forecast".

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