London, 13 July 2015: Technavio, the independent tech-focused global research firm, has published a report on the IC packaging market in Taiwan 2015-2019, which is expected to grow at a CAGR of 2.5% during the forecast period of 2014-2019.
Source: Technavio Research
Growing popularity of tablets and hybrid laptops is responsible for facilitating growth in this market. Growing popularity of tablets and hybrid laptops is leading to the increased production of such devices, which in turn will augment the demand for ICs. The increasing functionality of smartphones and tablets coupled with the growing LTE infrastructure has led to the rapid adoption of such devices in Taiwan. Therefore, it can be concluded that the Semiconductor ICs, which are an integral part of these devices, will experience a similar rise in demand.
“Most companies prefer to focus on the design and development of their solutions; hence, they are increasingly outsourcing their fabrication and other foundry-related activities (testing and packaging) to companies that specialize in providing such solutions,” says Faisal Ghaus, Vice President of Technavio.
“One of the main reasons for semiconductor companies going fabless is to minimize overheads related to the operation and maintenance of foundries. The growing demand for ICs from fabless semiconductor companies will led to an increase in demand for IC packaging.”
Key Market Drivers:
- Rise in Demand for Smartphones and Tablets.
- Steady Growth of Semiconductor Wafer Industry.
- Increase in New Product Development.
- Emergence of 3D Chip Packaging.
- Decline in IC Cost per Function.
Key Market Trends:
- Short Replacement Cycle of Portable Electronic Devices.
- Emergence of Product Miniaturization.
- Rise in Number of Fabless Semiconductor Companies.
- Increase in Production Capacity.
- Increased R&D Spending.
Key Market Vendors:
- Advanced Semiconductor Engineering Inc.
- Powertech Technology Inc.
- Siliconware Precision Industries Co. Ltd.
To define the market circumstances in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges, and trends featuring data on product segmentations, vendor shares, growth rate by revenue, and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
