Electronics packaging includes the packaging of the assortment of integrated circuits and other microcomponents in a single enclosure. Design and manufacturing activities for fabrication of components and devices in the consumer electronics industry has warranted its need for its protection. The global Electronic Packaging Market report by Market Research Future (MRFR) comprises drivers, challenges, trends, and opportunities for the period of 2019 to 2025 (forecast period). The COVID-19 pandemic and its impact on the industry are highlighted in the report.
Market Scope
The global electronic packaging market demand is estimated to reach USD 2254.49 million by 2025, registering a CAGR of 16.10% during the forecast period. Huge demand for consumer electronics can be the primary driver of the market. The penetration of smart devices has induced the need for electronic packaging of integrated circuits and wafers of nano sizes to cater to a large consumer base. The advances in internet of things (IoT) and wireless devices can facilitate market growth over the forecast period.
Integration of product functions or features into a single package can influence the market to a great extent. This is exemplified by the constant updates on smartphones which enhance its features significantly. Furthermore, updates in network communication technologies such as 5G pave open the path for more opportunities. Rise in autonomous vehicles can be a significant trendsetter for the industry in the coming years.
But the change in materials and modeling of next-generation consumer electronic devices can pose a challenge to the market growth.
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Segmentation
The segment study of the Global Electronic Packaging Market is based on end-user, material, and packaging technology.
The material based segments of the electronic packaging market are glass, plastic, and metal others.
The Packaging Technology based segments of the electronic packaging market are surface surface-mount technology (SMD), chip-scale packages (CSP), and through-hole mounting.
The End User based segments of the electronic packaging market are telecommunication, consumer electronics, automotive, aerospace & defense among others.
Regional Analysis
The regional evaluation of the electronic packaging market is segmented into regions such as Asia-Pacific, North America, Europe, and the rest of the regions in the world. The Asia-Pacific region controlled the electronic packaging market in the year 2018 and is anticipated to direct the market’s development in the forecast period. The intensifying demand for consumer electronics across the region is estimated to contribute to the expansion of the market in the forecast period. Furthermore, the growing population levels and escalating disposable income in the region are a few of the main factors which are escalating the demand for consumer electronics. This development is further enhancing the augmentation of the electronic packaging market in the region. Moreover, a chief market driver for the region is its domination in the manufacture of semiconductor devices around the world. The key players in the semiconductor packaging market have manufacturing amenities in the Asia-Pacific, which has led to the quicker advance of electronic packaging technologies and permitted the effortless accessibility of products to the market.
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Competitive Outlook
Major electronic packaging companies profiled are Sealed Air Corporation, DuPont de Nemours, Inc., Quality Foam Packaging Inc., UFP Technologies, Inc., Dordan Manufacturing Company, Kiva Container Corporation, STMicroelectronics NV, Primex Design & Fabrication, Plastiform Inc., The Box Co-Op, GY Packaging, Intel Corporation, AMETEK Inc., Samsung Electronics Corporation Ltd, AMS AG, Taiwan Semiconductor Manufacturing Co. Ltd., and Xilinx Inc.
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About Market Research Future:
Market Research Future (MRFR) is a global market research firm that takes great pleasure in its services, providing a detailed and reliable study of diverse industries and consumers worldwide. MRFR's methodology integrates proprietary information with different data sources to provide the client with a comprehensive understanding of the current key trends, upcoming events, and the steps to be taken based on those aspects.
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