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North America Advanced Packaging Market Incredible Possibilities, Detailed Analysis and Forecast To 2026

Author : Ronak Bora | Published Date : 2021-01-04 

One of the key drivers of the North America Advanced Packaging Market is the availability of compact devices with superior functionality. With the high-end technologies including artificial intelligence (AI) and IoT commanding attention of multiple industrial verticals, the demand for advanced packaging is expected to escalate amongst IDMs and foundry suppliers. The presence of several leading market players including Broadcom, Skyworks, and Qualcomm in the region will positively influence the development of the North America advanced packaging market.

The following top three trends are expected to drive the North America Advanced Packaging Market over the coming years:

Miniaturization of devices to promote adoption across multiple applications, guaranteeing growth

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The market is anticipated to exhibit 7% CAGR between 2020 and 2026, surmounting a collection of $5 billion by 2026, on account of the sweeping penetration of AI, 5G, IoT, and photonics across the region. In 2019, the market was valued at $3 million, and the current scenario foretells abundant growth opportunities, especially in the US and Canada.

Apart from the trending miniaturization of electronic devices, advanced packaging solutions offer multifarious benefits including smaller footprint, lower power consumption, and superior chip connectivity, which will also support the growth of North America advanced packaging market.

US to seize huge revenue as new production facilities spring up

Advanced packaging platforms offer solutions at lesser operational costs, coupled with a high radio frequency (RF) shielding featuring enhanced power dissipation. This has drawn in the requirement of advanced packaging solutions across Zigbee, Wi-fi, and BTLE applications. Due to the increasing number of foundry suppliers and manufacturers of semiconductor components addressing the spiraling demand for advanced packaging via establishment of new production centers across the US, the North America advanced packaging market will receive a considerable impetus.

To cite an instance, TSMC invested around $12 billion in a new advanced chip manufacturing unit in Arizona, where 5nm chip production technology will be deployed.

Flip-chip segment to collect high revenue due to escalating demand from foundries and manufacturers

The flip-chip segment is likely to command largest share by 2026, surging at a promising CAGR of 5% through the forecast timeline. The segment accounted for more than 60% of the revenue in the North America advanced packaging market in 2019. Flip-chip technology not only provides high input/output density but also features a smaller footprint when compared to other alternatives. This has made it a popular option across consumer electronics.

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Moreover, the superior electrical and thermal performance of flip-chip packaging will enable high volume manufacturing in foundries, triggering further growth of the North America advanced packaging market. As smartphones have become an indispensable component of our mundane life, the market for flip-chip packaging will exhibit high demand since these electronic devices utilize flip-chip technology.

The advancements in technology in the area of advanced packaging will garner considerable share across numerous countries in North America in the coming times, wherein the launch of 5G chipsets have been just one example.

Table of Contents (ToC) of the report:

Chapter 1   Methodology and Scope

1.1    Research methodology

1.2    List of data sources

1.2.1    Secondary

1.2.2    Primary

Chapter 2   Executive Summary

2.1    North America Advanced Packaging Market snapshot

Chapter 3   North America Advanced Packaging Insights

3.1    Industry coverage

3.2    Industry size, 2016 – 2026

3.3    Impact of COVID-19 pandemic

3.4    Value chain analysis

3.4.1    Company product snapshot

3.5    Innovation landscape

3.6    Regulatory norms & directives

3.7    Drivers & restraints

Browse complete Table of Contents (ToC) of this research report @ https://www.graphicalresearch.com/table-of-content/1521/north-america-advanced-packaging-market

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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