Asia-Pacific Semiconductor Assembly and Testing Services Market to Grow at a CAGR of 4.7% to reach US$ 42,517.76 million from 2021 to 2028

The APAC semiconductor assembly and testing services market is expected to grow from US$ 29,883.56 million in 2020 to US$ 42,517.76 million by 2028; it is estimated to grow at a CAGR of 4.7 % from 2021 to 2028.

Australia, China, India, Japan, and South Korea are major economies in APAC. Surging automotive sector to propel semiconductor assembly and testing services is expected to escalate the APAC semiconductor assembly and testing services market. Semiconductors are being widely accepted in the automotive sector due to emerging technologies such as autonomous driving and other electronic equipment used. The adoption of safety-related electronics systems has grown rapidly. Semiconductor component manufacturers are continuously focusing on manufacturing advanced systems. Automotive semiconductor vendors get benefited from a surge in demand for multiple semiconductor devices, such as microcontrollers, sensors, and memory, used in cars. Apart from this, electrification, automation, digital connectivity, and security systems result in the addition of more semiconductor equipment into automotive electronics. The consumption of automotive electronic components for navigation, safety, and fuel efficiency will accentuate in coming years due to more electronic equipment being used in advanced safety features such as advanced driver-assistance systems (ADAS) added to the vehicles. This would drive the demand for integrated circuits, microcontrollers, and sensors. Therefore, with the increase in the usage of semiconductors in the automotive sector, there will more opportunities for semiconductor assembly and testing services across APAC region.

In case of COVID-19, APAC region is highly affected specially India. Countries such as China, India, South Korea, and Japan are moving toward new networking solutions such as 5G, 4G, and VoLTE. China and India are the most prominent manufacturing hubs in the region and have an enhanced focus on industrialization. The growth of the manufacturing industry has been hampered due to lockdowns across several APAC countries in the wake of COVID-19 pandemic. However, the manufacturing industry soon recovered by enhancing the production capabilities in the second half of the year. The demand for advanced electronics such as a smartwatches, smart wearables, and healthcare machines has risen significantly. Also, the development of new airports is rising defense expenditure of countries such as China and India; this is likely to provide growth opportunities to the market. Furthermore, companies in Asia have restructured their capabilities by adopting various strategies such as automation, partnership, and acquisition.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the APAC semiconductor assembly and testing services market. The APAC semiconductor assembly and testing services market is expected to grow at a good CAGR during the forecast period.

APAC Semiconductor Assembly and Testing Services Market Segmentation 

APAC Semiconductor Assembly and Testing Services Market –By Services

• Assembly & Packaging Services
• Testing Services

APAC Semiconductor Assembly and Testing Services Market –By Application 

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

APAC Semiconductor Assembly and Testing Services Market, by Country

• Australia
• China
• India
• Japan
• South Korea   
• Rest of APAC

APAC Semiconductor Assembly and Testing Services Market -Companies Mentioned

• Amkor Technology
• ASE Group
• Chipbond Technology Corporation
• Integrated Micro-Electronics, Inc.
• JCET Group Co., Ltd. 
• Powertech Technology Inc.
• Siliconware Precision Industries Co., Ltd.
• Unisem Group 

Asia-Pacific Semiconductor Assembly and Testing Services Report Scope