Europe Semiconductor Assembly and Testing Services Market Size and Analysis by 2028

The Europe semiconductor assembly and testing services market is expected to grow from US$ 5,154.93 million in 2020 to US$ 6,843.35 million by 2028; it is estimated to grow at a CAGR of 3.8 % from 2021 to 2028.

The UK, Germany, France, Italy, and Russia are major economies in Europe. Escalating usage of semiconductor devices in industrial automation is expected to surge the Europe semiconductor assembly and testing services market. The industrial automation plays an essential role in every industry and manufacturing scenario. Industrial automation helps in saving time and money, as well as reduces human efforts. The use of control systems, including computers or robots, and information technologies for handling different processes and machinery help maximize the productivity rate of any company. The growing adoption of IoT across industrial, commercial, and residential sectors is accelerating the use of semiconductor equipment. For instance, General Electric offer Brilliant Factory, a suite of hardware assets, software, and consultation services for upgrading factories to industrial IoT. The company claimed that this can help manufacturers enhance the performance of their factories using predictive analytics. Moreover, industrial automation is being used in every sector including manufacturing, electronics, automobile, and aerospace & defense, which, in turn, is creating more demand for semiconductor devices. Thus, the high usage of semiconductor devices in industrial automation is propelling the growth of the Europe semiconductor assembly and testing services market

In case of COVID-19, Germany, France, Italy, and UK are some of the hardest-hit countries by the coronavirus. These countries are expected to suffer an economic hit due to a lack of revenue from various industries. Additionally, with the outbreak of another variant of COVID-19 in key countries such as the UK and Germany, the semiconductor assembly and testing services market’s growth got hampered in a negative manner. The region is a significant manufacturing and industrial hub for sectors such as healthcare, aviation, manufacturing, automotive, and energy & power. Due to COVID-19, many businesses in Europe faced financial challenges as their activities were substantially reduced due to lack of workforce, government-imposed restrictions, and decreasing sales. However, post lockdown market has witnessed healthy growth rate owing to the increasing demand for advanced electronics devices to restart facilities, operations, commercial places, and transportation.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Europe semiconductor assembly and testing services market. The Europe semiconductor assembly and testing services market is expected to grow at a good CAGR during the forecast period.

Europe Semiconductor Assembly and Testing Services Market Segmentation    

Europe Semiconductor Assembly and Testing Services Market –By Services

• Assembly & Packaging Services
• Testing Services

Europe Semiconductor Assembly and Testing Services Market –By Application 

• Consumer Electronics
• Automotive
• Medical
• Industrial
• Other Applications

Europe Semiconductor Assembly and Testing Services Market, by Country

• Germany
• France
• Italy
• UK
• Russia 
• Rest of Europe    

Europe Semiconductor Assembly and Testing Services Market -Companies Mentioned

• Amkor Technology
• ASE Group
• Integrated Micro-Electronics, Inc.
• JCET Group Co., Ltd.  
• Siliconware Precision Industries Co., Ltd.
• Teledyne Technologies Incorporated
• Unisem Group         

Europe Semiconductor Assembly and Testing Services Report Scope