Outsourced semiconductor assembly and test (OSAT) market to reach around USD 48.64 BN - Credence Research

The global outsourced semiconductor assembly and test (osat) market generated around USD 34.1 billion in 2021 and is anticipated to grow a CAGR of over 6.1% from 2022 to 2028 to reach around USD 48.64 billion in the forecast period 2028.
The growth of the (OSAT) market is primarily driven by the rise in consumer electronics demand and the level of urbanization around the world. Additionally, the increased demand for is boosted by the significant increase in global disposable income that drives sales of consumer electronics products like TVs, mobile phones, and tablets. The growing popularity of smartphones significantly fuels market expansion. However, it is anticipated that the market will experience growth challenges during the forecast period due to the high cost of OSAT services. On the other hand, a growing chip market is anticipated to open up new opportunities for the semiconductor assembly and testing (OSAT) markets. Furthermore, the market can grow as OSAT adoption increases in developing nations like South Korea, China, and India.
The global market is bifurcated into service, packaging, end-use, and geography. Based on the service, the market is categorized into assembly and testing. Based on end-use, the market is segmented into automotive, telecommunications, computing & networking, consumer electronics, and others. Based on the packaging, the market is divided into ball grid array, chip scale package, quad & dual, multi-package, and stacked die. The market is categorized geographically into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
Asia Pacific dominated the global market in 2021 and is expected to be the fastest-growing regional market. This is primarily attributed to the region's rising smartphone penetration, increasing purchasing power, robust economic growth, and presence of large electronic manufacturing firms. South Korea, Taiwan, China, and Japan are among the major contributors to the region's OSAT industry, which has a large consumer electronic customer base, boosting regional growth.

Why to Buy This Report -
The report examines the global outsourced semiconductor assembly and test (OSAT) market by segment, current trends, drivers, restraints, opportunities, challenges, and market dynamics from 2016 to 2020, with 2021 as the base year and 2022-2028 as the projected period.
The report describes the competitive environment in the market, including how major players operate at the national, regional, and international levels.
In-depth analysis of the global outsourced semiconductor assembly and test (OSAT) market segmentation by service, packaging, and end-use.
The report includes comprehensive and authentic data for all factors, including CAGR, consumer purchasing trends, supply and demand, and import/export statistics for major regional countries.
The global, regional, and country-level market analysis, key market trends, major players analysis, market growth strategies, and key application areas are all included in the report on outsourced semiconductor assembly and test (OSAT).
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