Market Size in 2021 | Market Forecast in 2028 | CAGR (in %) | Base Year |
---|---|---|---|
USD 34.85 Billion | USD 50.9 Billion | 4.8% | 2021 |
FrequentlyAsked Questions
The primary drivers of market expansion include rising consumer electronics demand and increased urbanization throughout the world. Growing transformation in industrialized nations, as well as a boom in smartphone penetration, encourages people to use electronics more, fueling OSAT demand. Further, the OSAT growth is boosted by technology advancements along with rising buying power in emerging countries.
According to the Zion Market Research report, the global outsourced semiconductor assembly and testing market was worth about 34.85 (USD billion) in 2021 and is predicted to grow to around 50.9 (USD billion) by 2028, with a compound annual growth rate (CAGR) of around 4.8 percent.
Asia Pacific led the global outsourced semiconductor assembly and testing market with nearly 55% of the share. Among all the countries in the region, China dominates the regional market. besides, the market share of China is very high compared to other nations in the world. This is attributed to strong economic growth, purchasing power, the presence of major electronic manufacturing companies, as well as increasing penetration of smartphones.
Key players functioning in the global outsourced semiconductor assembly and testing market include JCET, ASE Group, Amkor, Hana Micron, Siliconware Precision Industries Co., Ltd., KYEC, Signetics, Unisem Group, Powertech Technology Inc., and Walton Advanced Engineering.
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