Asia-Pacific Semiconductor Assembly and Testing Services Market is expected to reach US$ 42,517.76 million by 2028

Automotive Segment is Expected to be Fastest Growing During Forecast Period for APAC Region 

 According to The Insight Partners market research study on “APAC Semiconductor Assembly and Testing Services Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Services and Application” is expected to reach US$ 42,517.76 million by 2028 from US$ 29,883.56 million in 2020. The market is estimated to grow at a CAGR of 4.7 % from 2021 to 2028. The report provides trends prevailing in the APAC semiconductor assembly and testing services market along with the drivers and restraints pertaining to the market growth. Surging automotive sector to propel semiconductor assembly and testing services and upgradations in semiconductor packaging techniques are the major factor driving the growth of the APAC semiconductor assembly and testing services market. However, rising e-waste problem hinders the growth of APAC semiconductor assembly and testing services market. 

In case of COVID-19, APAC region is highly affected specially India. Countries such as China, India, South Korea, and Japan are moving toward new networking solutions such as 5G, 4G, and VoLTE. China and India are the most prominent manufacturing hubs in the region and have an enhanced focus on industrialization. The growth of the manufacturing industry has been hampered due to lockdowns across several APAC countries in the wake of COVID-19 pandemic. However, the manufacturing industry soon recovered by enhancing the production capabilities in the second half of the year. The demand for advanced electronics such as a smartwatches, smart wearables, and healthcare machines has risen significantly. Also, the development of new airports is rising defense expenditure of countries such as China and India; this is likely to provide growth opportunities to the market. Furthermore, companies in Asia have restructured their capabilities by adopting various strategies such as automation, partnership, and acquisition.

APAC semiconductor assembly and testing services market is segmented into the services, application, and country. Based on services, the APAC semiconductor assembly and testing services market is segmented into assembly & packaging services and testing services. The assembly & packaging services segment held the largest market share in 2020 owing to high demand of semiconductor in consumer electronics, IT & telecommunication, automotive and industrial sector and testing services segment is expected to be fastest growing during forecast period. On the basis of application, the market is segmented into consumer electronics, automotive, medical, industrial, and other applications. The consumer electronics segment dominated the market pertaining in terms of revenue share in 2020 whereas automotive segment is the expected to be the fastest growing application segment over the forecast period of 2021 to 2028.

Amkor Technology; ASE Group; Chipbond Technology Corporation; Integrated Micro-Electronics, Inc.; JCET Group Co., Ltd.; Powertech Technology Inc.; Siliconware Precision Industries Co., Ltd.; and Unisem Group are among the leading companies in the APAC semiconductor assembly and testing services market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2020, ASE, MOE and NKUST together establish onsite campus semiconductor assembly and test facility to develop world-class high-tech industry graduates.  

The report segments the APAC Semiconductor Assembly and Testing Services Market as follows:

APAC Semiconductor Assembly and Testing Services Market – By Services

• Assembly & Packaging Services
• Testing Services

APAC Semiconductor Assembly and Testing Services Market – By Application

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

APAC Semiconductor Assembly and Testing Services Market – By Country

• Australia
• China
• India
• Japan 
• South Korea    
• Rest of APAC