System in Package Technology Market Scope
A System in Package (SiP) is characterized by any combination of more than one active electronic component of different functionality plus optionally passives and other devices like MEMS or optical components assembled preferred into a single standard package that provides multiple functions associated with a system or sub-system. SiP is typically combined with other components such as passives, filters, and antennas. SiP applications have become the technology driver for small components, packaging, assembly processes and for high-density substrates. SiP technology provides more integration flexibility, faster time to market, lower R&D cost, and lower product cost (for some applications) compared to SOC. The growing demand for SiP technology in the consumer electronics industry has driven the global system in package technology market growth.
According to AMA, the Global System in Package Technology market is expected to see growth rate of 12.15%
The global system in package technology market is fragmented by numerous key players who have the bargaining power high. The Intensity of rivalry appears to be high in this market as competitors are numerous vendors are constantly working towards introducing innovative products and lowering production costs in order to enhance profitability. Research Analyst at AMA estimates that Asian Countries Players will contribute to the maximum growth of Global System in Package Technology market throughout the predicted period.
ASE Group (Taiwan), Amkor Technology (United States), SPIL (Taiwan), Powertech Technology (Taiwan), UTAC (Singapore), Intel Corporation (United States), Samsung Electronics (South Korea), JCET (China), Chipmos Technologies (Taiwan), Chipbond Technology (Taiwan), KYEC (Taiwan), Texas Instruments (United States), Signetics (South Korea), Unisem (Malaysia), Carsem (Malaysia), FATC (Taiwan) and Inari Amertron Berhad (Malaysia) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Ardentec (Taiwan), Alchip (Taiwan), Hana-Micron (South Korea), OSE (Taiwan), Greatek Electronics (Taiwan), Tainshui Huatian Technology (China), AOI Electronics (Japan), Lingsen Precision Industry (Taiwan), Nepes (South Korea), Tongfu Microelectronics (China) and Sigurd Microelectronics (Taiwan).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
The study have segmented the market of Global System in Package Technology market , by Application (Consumer Electronics, Medical, Automotive, Telecom, Aerospace and Defense, Industrial System and Others) and Region with country level break-up.
On the basis of geography, the market of System in Package Technology has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
In March 2019, Qualcomm Technologies collaborated with ASUS and launched ASUS Zenfone Max Shot and Zenfone Max Plus (M2) smartphones with the Qualcomm Snapdrago System in Package (SiP) 1.
Market Trend
- Trend for Miniaturization
Market Drivers
- Demand For System Flexibility, Features, And Configurability
- System in Package Technology Enables To Reduce Size Of Devices
- Increasing Investments in Consumer Electronics Sector
- Reduced Time-To-Market
Opportunities
- Growing Integration of System in Package Technology for IoT and IoE Applications
- Increasing Demand in Advanced 5G Infrastructure
- Adoption of 2.5D IC Package Technology in Electronic Devices
Restraints
- Higher Level of Integration Leads to Thermal Issues
Challenges
- Lack of Physical Layout Information
Analyst View
The China, Taiwan, and United States manufacturers will contribute to the maximum growth of global system in package technology market throughout the predicted period.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, System in Package Technology Manufacturer, Raw Material Suppliers, Dealers, Suppliers, Traders, and Distributors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End Use Industry