PUBLISHER: Allied Market Research | PRODUCT CODE: 1097725
PUBLISHER: Allied Market Research | PRODUCT CODE: 1097725
The global system in package (SiP) technology market size was valued at $14.77 billion in 2020, and is projected to reach $34.15 billion by 2030, registering a CAGR of 9.7% from 2021 to 2030. A system in package (SiP) is a technique that combines many integrated circuits (ICs) or semiconductor dies with diverse functionality into a single package or a system that performs multiple functions. SiP has progressed from a niche technology with a limited number of applications to a high-volume technology with a wide range of uses. In mobile applications, the technology is often employed in stack memory or logic devices, as well as compact modules. SiP has become a viable alternative to system on chip (SoC) due to various advantages, such as flexibility, less R&D costs, and low product costs.
Growth of the global system in package (SiP) technology market is anticipated to be driven by factors, such as advent of 5G network connected devices, high demand for compact electronics gadgets with internet connectivity, and rise in the number of the Internet of Things (IoT) devices. In addition, growing adoption of smartphones and smart wearables boosts the market growth. However, higher level of integration leads to thermal issues acts as a major restraint for the market. On the contrary, high demand from Asia-Pacific is expected to fuel the market growth during the forecast period.
The system in package (SiP) technology market is segmented on the basis of packaging technology, packaging method, end user, and region. By packaging technology, the market is classified into 2D IC packaging, 2.5D IC packaging, and 3D IC packaging. Depending on packaging method, it is categorized into wire bond and flip chip. On the basis of end user, market is divided into consumer electronics, automotive, telecommunication, industrial system, aerospace & defense, and others.
Region-wise, the system in package (SiP) technology market trends are analyzed across North America (U.S., Canada, and Mexico), Europe (UK, Germany, France, and rest of Europe), Asia-Pacific (China, Japan, Taiwan, India, South Korea, and Rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). Asia-Pacific dominated the system in package (SiP) technology market in 2020, and is projected to register significant growth rate during the forecast period, owing to growth in the consumer electronics segment. Also, Asia-Pacific is expected to witnesses significant growth by the end of the forecast period, followed by LAMEA. The key players operating in the market include Amkor Technology Inc., ASE Group, Chipmos Technologies Inc., Fujitsu Ltd., Jiangsu Changjiang Electronics Technology Co., Ltd., Powertech Technologies Inc., Qualcomm Inc., Renesas Electronics Corporation, Samsung Electronics Co., Ltd., and Toshiba Corporation.
By Packaging Technology
By Packaging Method
By End User
By Region