The semiconductor packaging market, valued at USD 14.48 billion in 2024, is forecasted to expand to USD 24.42 billion by 2031. This growth corresponds to a compound annual growth rate (CAGR) of 7.2% over the seven-year period. The increase in demand for advanced semiconductor technologies is a key factor driving the market’s expansion.
Asia Pacific is expected to dominate the market, accounting for approximately 54% of the global share. Leading companies in the sector include Amkor Technology, Inc., ASE Group, and Samsung Electronics Co. Ltd., which play significant roles in the development and supply of semiconductor packaging solutions.
**Why this matters**
Semiconductor packaging is a critical step in the production of electronic devices, affecting performance, reliability, and size. As demand for more powerful and efficient semiconductors grows, advancements in packaging technology become increasingly important. The market’s growth highlights the region’s strategic role in the global semiconductor supply chain and reflects broader trends in technology development and manufacturing.
Source: NewsData