PUBLISHER: Market Glass, Inc. (Formerly Global Industry Analysts, Inc.) | PRODUCT CODE: 1891632
PUBLISHER: Market Glass, Inc. (Formerly Global Industry Analysts, Inc.) | PRODUCT CODE: 1891632
Global Semiconductor and IC Packaging Materials Market to Reach US$72.8 Billion by 2030
The global market for Semiconductor and IC Packaging Materials estimated at US$37.9 Billion in the year 2024, is expected to reach US$72.8 Billion by 2030, growing at a CAGR of 11.5% over the analysis period 2024-2030. Organic Substrates, one of the segments analyzed in the report, is expected to record a 12.4% CAGR and reach US$22.0 Billion by the end of the analysis period. Growth in the Bonding Wires segment is estimated at 13.4% CAGR over the analysis period.
The U.S. Market is Estimated at US$2.3 Billion While China is Forecast to Grow at 13.3% CAGR
The Semiconductor and IC Packaging Materials market in the U.S. is estimated at US$2.3 Billion in the year 2024. China, the world's second largest economy, is forecast to reach a projected market size of US$17.6 Billion by the year 2030 trailing a CAGR of 13.3% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 10.1% and 6.4% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 8.6% CAGR.
Global Semiconductor & IC Packaging Materials Market - Key Trends & Drivers Summarized
Semiconductor and integrated circuit (IC) packaging materials are essential components in the manufacturing and protection of semiconductor devices. These materials include substrates, lead frames, bonding wires, encapsulants, and thermal interface materials, each playing a crucial role in ensuring the performance, reliability, and longevity of semiconductor devices. Packaging materials protect the delicate semiconductor components from physical damage, environmental contaminants, and thermal stresses. They also facilitate electrical connectivity and heat dissipation, which are critical for the efficient functioning of electronic devices. As semiconductor technology advances, the demand for high-performance packaging materials that can support smaller, faster, and more power-efficient devices continues to grow.
The semiconductor and IC packaging materials market is undergoing significant transformation driven by technological advancements and the increasing complexity of semiconductor devices. The shift towards advanced packaging technologies, such as system-in-package (SiP), 3D packaging, and wafer-level packaging (WLP), is driving the need for innovative materials that can meet the stringent performance and reliability requirements of these technologies. Additionally, the growing adoption of artificial intelligence (AI), the Internet of Things (IoT), and 5G technology is fueling demand for semiconductors with enhanced functionality and higher integration levels, further boosting the market for advanced packaging materials. Environmental considerations and regulatory compliance are also shaping the market, with a focus on developing eco-friendly and sustainable packaging solutions.
The growth in the semiconductor and IC packaging materials market is driven by several factors. Firstly, the increasing demand for advanced electronic devices, driven by the proliferation of AI, IoT, and 5G technologies, is boosting the need for high-performance packaging materials. Secondly, advancements in packaging technologies, such as 3D and wafer-level packaging, are driving innovation in packaging materials. Thirdly, the miniaturization of semiconductor devices and the need for greater power efficiency and reliability are pushing the development of new materials and solutions. Lastly, environmental and regulatory pressures are encouraging the adoption of sustainable and eco-friendly packaging materials. These factors collectively contribute to the robust growth of the semiconductor and IC packaging materials market.
SCOPE OF STUDY:
The report analyzes the Semiconductor and IC Packaging Materials market in terms of units by the following Segments, and Geographic Regions/Countries:
Segments:
Type (Organic Substrates, Bonding Wires, Ceramic Packages, Lead Frames, Encapsulation Resins, Other Types); End-Use (Consumer Electronics, Communications & Telecom, Automotive, Aerospace & Defense, Other End-Uses)
Geographic Regions/Countries:
World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Rest of Europe; Asia-Pacific; South Korea; Taiwan; Rest of Asia-Pacific; Rest of World.
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