The North America Outsourced Semiconductor Assembly and Testing Market would witness market growth of 4.3% CAGR during the forecast period (2022-2028).
The urbanization boom and rising consumer electronics demand are what is driving the market's expansion. Additionally, a rise in global disposable income has significantly increased sales of consumer electronics products like TVs, mobile phones, and tablets, which in turn has increased demand for the industry of outsourced semiconductor assembly and testing.
Additionally, the growth of the market for outsourced semiconductor assembly and testing is significantly fueled by the rise in smartphone adoption. On the other hand, OSAT companies are expected to benefit greatly from growth in the chip market. Furthermore, the transition toward OSAT in developing nations like South Korea, China, and India is increasing. In order to capitalize on the lucrative automotive OSAT market opportunity, manufacturers are compelled to offer new products with a brief lifespan and a compact design.
The United States is home to one of biggest automotive industries in the world. The requirement for commercial vehicles is greatly affected by the growth of delivery & logistics services in addition to major e-commerce behemoths like Amazon, etc. The development of engine technology is accelerating as global emission standards are raised. These elements have a big impact on the expansion of the automotive industry in the region. The region is home to a number of sizable automotive OEMs, and its broad support system and pro-electric vehicle policies are advantageous.
The US market dominated the North America Outsourced Semiconductor Assembly and Testing Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $10,686.6 million by 2028. The Canada market is poised to grow at a CAGR of 6.7% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 5.7% during (2022 - 2028).
Based on Application, the market is segmented into Consumer Electronics, Industrial, Telecommunications, Medical & Healthcare, Automotive, Aerospace & Defense, and Logistics & Transportation. Based on Packaging Type, the market is segmented into Ball Grid Array, Quad & Dual, Multi-package, Chip Scale Package, and Stacked Die. Based on Process, the market is segmented into Testing, Sorting, Sawing, Assembly. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Outsourced Semiconductor Assembly and Testing Market is Predict to reach $47.3 Billion by 2028, at a CAGR of 4.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Amkor Technology, Inc., Advanced Silicon S.A, Alphacore, Inc., Device Engineering, Inc., HiDensity Group, Luminar Technologies, Inc., Presto Engineering, Sencio BV, Shortlink AB, and SiFive, Inc.
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