Outsourced Semiconductor Assembly and Testing Market to Garner $60.3 Bn, Globally, by 2031 at 6.3% CAGR: AMR

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Drivers, restraints, and opportunities

Rise in demand for consumer electronics and surge in degree of urbanization have boosted the growth of the global outsourced semiconductor assembly and testing market. However, high cost of associated with OSAT services hinders the market growth. On the contrary, growing chip market and surge in transition toward OSAT in developing countries such as India, South Korea, and China would open new opportunities in the future.

Covid-19 Scenario:

The Assembly Segment held the Lion's Share

By process, the assembly segment held the largest share in 2021, accounting for nearly one-third of the global outsourced semiconductor assembly and testing market. Surge in demand for telecom infrastructure as well as consumer electronics around the globe primarily fuels growth in demand for assembly services. However, the testing segment is expected to register the highest CAGR of 8.14% during the forecast period. The need for effective supply chain management in operations associated with integrated device manufacturers (IDMs) and foundries drives the growth of this segment

The Multi-Package Segment to Manifest the Highest CAGR through 2031

By packaging type, the multi-package segment would showcase the highest CAGR of 8.68% from 2022 to 2031, due to its benefits such as a significant increase in packaging efficiency because of replacement of multiple packages with a single package. However, the ball grid array segment held the largest share in 2021, contributing to around one-fourth of the global outsourced semiconductor assembly and testing market. On the contrary, the quad and duel segment is projected to maintain leading position in terms of revenue throughout the forecast period, due to continuously growing mobile industry and rising consciousness about the practicality of electronic packaging materials in various applications.

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The Consumer Electronics Segment held the Largest Share

By application, the consumer electronics segment dominated the market in terms of revenue in 2021, accounting for nearly one-fourth of the global outsourced semiconductor assembly and testing market, due to demand for consumer electronics devices such as TV, mobile phones, and tablets and rise in disposable income. However, the aerospace and defense segment is projected to register the highest CAGR of 9.81% during the forecast period.

North America held the Largest Share

By region, the global outsourced semiconductor assembly and testing market across North America held the largest share in 2021, accounting for nearly two-fifths of the market. However, the market across Asia-Pacific is projected to manifest the highest CAGR of 8.28% during the forecast period, due to surge in trend in the automotive sector for advanced semiconductor chip package solution.

Major Market Players

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The report analyzes these key players in the global outsourced semiconductor assembly and testing market. These players have adopted various strategies such as expansion, new product launches, partnerships, and others to increase their market penetration and strengthen their position in the industry. The report is helpful in determining the business performance, operating segments, product portfolio, and developments by every market player.

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