North America Semiconductor Assembly and Testing Services Market is expected to reach US$ 21,948.28 million by 2028

Assembly & Packaging Services Segment to Dominate North America Semiconductor Assembly and Testing Services Market during 2020–2028

According to The Insight Partners market research study on “North America Semiconductor Assembly and Testing Services Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Services and Application” is expected to reach US$ 21,948.28 million by 2028 from US$ 14,780.58 million in 2020. The market is estimated to grow at a CAGR of 5.2% from 2021 to 2028. The report provides trends prevailing in the North America semiconductor assembly and testing services market along with the drivers and restraints pertaining to the market growth. Growing demand for consumer electronics and rising usage of semiconductor devices in industrial automation are the major factor driving the growth of the North America semiconductor assembly and testing services market. However, increasing E-waste problem hinders the growth of North America semiconductor assembly and testing services market.

In case of COVID-19, the North American market suffered a huge loss in the first half of 2020 owing to the high number of cases, specifically in the US. Post lockdown, the market witnessed increasing demand for digital devices. North America is among the eminent regions in adopting smart or IoT-based devices due to favorable infrastructure that support high-speed internet services. The adoption of 5G network has driven the market growth post lockdown. The COVID-19 outbreak has a major impact on manufacturing facilities as production capacities were lowered. As the demand for electronics remained constant, it helped the market to resume the growth. For instance, in December 2020, Qualcomm Inc, a leading manufacturer of microprocessors, predicted that the shipments of 5G smartphones will double in 2022 owing to increasing 5G network deployment. Such increasing adoption of 5G smartphones is lowering the COVID- 19 impact for the post lockdown period; while in lockdown, it certainly hampered the market growth in a negative manner.

North America semiconductor assembly and testing services market is segmented into the services, application, and country. Based on services, the North America semiconductor assembly and testing services market is segmented into assembly & packaging services and testing services. The assembly & packaging services segment held the largest market share in 2020 owing to high demand of semiconductor in consumer electronics, IT & telecommunication, automotive and industrial sectors and testing services segment is expected to be fastest growing during forecast period. On the basis of application, the market is segmented into consumer electronics, automotive, medical, industrial, and other applications. The consumer electronics segment dominated the market pertaining in terms of revenue share in 2020 whereas automotive segment is the expected to be the fastest growing application segment over the forecast period of 2021 to 2028.

Amkor Technology; ASE Group; Integra Technologies; Integrated Micro-Electronics, Inc.; JCET Group Co., Ltd.; Siliconware Precision Industries Co., Ltd.; Teledyne Technologies Incorporated; and Unisem Group are among the leading companies in the North America semiconductor assembly and testing services market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2018, Amkor Technology opens new semiconductor package manufacturing and test plant in Taiwan.

The report segments the North America Semiconductor Assembly and Testing Services Market as follows:

North America Semiconductor Assembly and Testing Services Market – By Services

• Assembly & Packaging Services
• Testing Services

North America Semiconductor Assembly and Testing Services Market – By Application

• Consumer Electronics
• Automotive
• Medical
• Industrial
• Other Applications

North America Semiconductor Assembly and Testing Services Market – By Country

• US
• Canada     
• Mexico