DailyBubble News
DailyBubble News

Organic Substrate Packaging Material Market Report by

The global organic substrate packaging material market is experiencing steady growth, with a market size of US$15.2 billion in 2023. By 2032, this market is projected to reach US$21.6 billion, showing a growth rate of 3.98% during the period of 2023-2032. The demand for portable electronic devices, advancements in information and communication technology, and the popularity of miniature electronic devices in various industries are driving this growth. The use of organic substrate packaging materials in self-driving vehicles and millimeter-wave automotive radar systems is also contributing to market expansion.

Despite the disruptions caused by the COVID-19 pandemic, which led to temporary halts in non-essential activities, the market is expected to bounce back once normalcy is restored. The semiconductor industry’s growth and the increasing demand for improved electric motors in industrial equipment are further boosting the sales of organic substrate packaging materials worldwide.

The market is segmented based on technology (such as Small Outline Packages, Grid Array Packages, etc.) and application (including Consumer Electronics, Automotive, Healthcare, etc.). It is also categorized by region (North America, Asia-Pacific, Europe, Latin America, Middle East, and Africa). Key players in the market include Amkor Technology Inc., ASE Kaohsiung, Hitachi Chemical Company Ltd., and others.

The report provides insights into the market trends, forecasts at global, regional, and country levels from 2024-2032, and analyzes the competitive landscape. Key questions answered in the report include the market performance, impact of COVID-19, regional markets, technology and application breakdown, industry value chain, driving factors, key players, and competition level.

With a forecasted compound annual growth rate of 3.9%, the global organic substrate packaging material market is expected to continue its upward trajectory in the coming years. ResearchAndMarkets.com is a leading source for international market research reports and data, providing the latest information on global and regional markets, key industries, top companies, new products, and market trends.

0 0 votes
Article Rating
Notify of
Inline Feedbacks
View all comments
Would love your thoughts, please comment.x