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.
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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
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Services and Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
UK, Germany, France, Italy, Russia
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Europe Semiconductor Assembly and Testing Services Market – By Services
1.3.2 Europe Semiconductor Assembly and Testing Services Market – By Application
1.3.3 Europe Semiconductor Assembly and Testing Services Market- By Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Europe Semiconductor Assembly and Testing Services Market Landscape
4.1 Market Overview
4.2 Europe PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. Europe Semiconductor Assembly and Testing Services Market – Key Market Dynamics
5.1 Key Market Drivers
5.1.1 Mounting Demand for Consumer Electronics
5.1.2 Escalating Usage of Semiconductor Devices in Industrial Automation
5.2 Key Market Restraints
5.2.1 Surging E-Waste Problem
5.3 Key Market Opportunities
5.3.1 Burgeoning Automotive Sector to Propel Semiconductor Assembly and Testing Services
5.4 Future Trends
5.4.1 Developments in Semiconductor Packaging Techniques
5.5 Impact Analysis of Drivers and Restraints
6. Semiconductor Assembly and Testing Services Market – Europe Analysis
6.1 Europe Semiconductor Assembly and Testing Services Market Overview
6.2 Europe Semiconductor Assembly and Testing Services Market – Revenue and Forecast to 2028 (US$ Million)
7. Europe Semiconductor Assembly and Testing Services Market Analysis – By Services
7.1 Overview
7.2 Europe Semiconductor Assembly and Testing Services Market, By Services (2020 and 2028)
7.3 Assembly and Packaging Services
7.3.1 Overview
7.3.2 Assembly and Packaging Services: Semiconductor Assembly and Testing Services Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Testing Services
7.4.1 Overview
7.4.2 Testing Services: Semiconductor Assembly and Testing Services Market – Revenue and Forecast to 2028 (US$ Million)
8. Europe Semiconductor Assembly and Testing Services Market – By Application
8.1 Overview
8.2 Europe Semiconductor Assembly and Testing Services Market, by Application (2020 and 2028)
8.3 Consumer Electronics
8.3.1 Overview
8.3.2 Consumer Electronics: Semiconductor Assembly and Testing Services Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Automotive
8.4.1 Overview
8.4.2 Automotive: Semiconductor Assembly and Testing Services Market – Revenue and Forecast to 2028 (US$ Million)
8.5 Medical
8.5.1 Overview
8.5.2 Medical: Semiconductor Assembly and Testing Services Market – Revenue and Forecast to 2028 (US$ Million)
8.6 Industrial
8.6.1 Overview
8.6.2 Industrial: Semiconductor Assembly and Testing Services Market – Revenue and Forecast to 2028 (US$ Million)
8.7 Other Applications
8.7.1 Overview
8.7.2 Other Applications: Semiconductor Assembly and Testing Services Market – Revenue and Forecast to 2028 (US$ Million)
9. Europe Semiconductor Assembly and Testing Services Market – Country Analysis
9.1 Overview
9.1.1 Europe: Semiconductor Assembly and Testing Services Market- by Key Country
9.1.1.1 Germany: Semiconductor Assembly and Testing Services Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 Germany: Semiconductor Assembly and Testing Services Market- By Services
9.1.1.1.2 Germany: Semiconductor Assembly and Testing Services Market- By Application
9.1.1.2 France: Semiconductor Assembly and Testing Services Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 France: Semiconductor Assembly and Testing Services Market- By Services
9.1.1.2.2 France: Semiconductor Assembly and Testing Services Market- By Application
9.1.1.3 Italy: Semiconductor Assembly and Testing Services Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.3.1 Italy: Semiconductor Assembly and Testing Services Market- By Services
9.1.1.3.2 Italy: Semiconductor Assembly and Testing Services Market- By Application
9.1.1.4 UK: Semiconductor Assembly and Testing Services Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.4.1 UK: Semiconductor Assembly and Testing Services Market- By Services
9.1.1.4.2 UK: Semiconductor Assembly and Testing Services Market- By Application
9.1.1.5 Russia: Semiconductor Assembly and Testing Services Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.5.1 Russia: Semiconductor Assembly and Testing Services Market- By Services
9.1.1.5.2 Russia: Semiconductor Assembly and Testing Services Market- By Application
9.1.1.6 Rest of Europe: Semiconductor Assembly and Testing Services Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.6.1 Rest of Europe: Semiconductor Assembly and Testing Services Market- By Services
9.1.1.6.2 Rest of Europe: Semiconductor Assembly and Testing Services Market- By Application
10. Europe Semiconductor Assembly and Testing Services Market- COVID-19 Impact Analysis
10.1 Europe
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 Merger and Acquisition
12. Company Profiles
12.1 Amkor Technology
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 ASE Group
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Integrated Micro-Electronics, Inc.
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Siliconware Precision Industries Co., Ltd.
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Teledyne Technologies Incorporated
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Unisem Group
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 JCET Group Co., Ltd.
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. Europe Semiconductor Assembly and Testing Services Market – Revenue, and Forecast to 2028 (US$ Million)
Table 2. Germany: Semiconductor Assembly and Testing Services Market- By Services –Revenue and Forecast to 2028 (US$ Million)
Table 3. Germany: Semiconductor Assembly and Testing Services Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 4. France: Semiconductor Assembly and Testing Services Market- By Services –Revenue and Forecast to 2028 (US$ Million)
Table 5. France: Semiconductor Assembly and Testing Services Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 6. Italy: Semiconductor Assembly and Testing Services Market- By Services –Revenue and Forecast to 2028 (US$ Million)
Table 7. Italy: Semiconductor Assembly and Testing Services Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 8. UK: Semiconductor Assembly and Testing Services Market- By Services –Revenue and Forecast to 2028 (US$ Million)
Table 9. UK: Semiconductor Assembly and Testing Services Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 10. Russia: Semiconductor Assembly and Testing Services Market- By Services –Revenue and Forecast to 2028 (US$ Million)
Table 11. Russia: Semiconductor Assembly and Testing Services Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 12. Rest of Europe: Semiconductor Assembly and Testing Services Market- By Services –Revenue and Forecast to 2028 (US$ Million)
Table 13. Rest of Europe: Semiconductor Assembly and Testing Services Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 14. List of Abbreviation
LIST OF FIGURES
Figure 1. Europe Semiconductor Assembly and Testing Services Market Segmentation
Figure 2. Europe Semiconductor Assembly and Testing Services Market Segmentation – By Country
Figure 3. Europe Semiconductor Assembly and Testing Services Market Overview
Figure 4. Assembly and Packaging Services Segment Held the Largest Market Share in 2020
Figure 5. Consumer Electronics Application Held the Largest Market Share in 2020
Figure 6. Germany was the Largest Revenue Contributor in 2020
Figure 7. Europe – PEST Analysis
Figure 8. Europe Semiconductor Assembly and Testing Services Market– Ecosystem Analysis
Figure 9. Expert Opinions
Figure 10. Europe Semiconductor Assembly and Testing Services Market: Impact Analysis of Drivers and Restraints
Figure 11. Europe Semiconductor Assembly and Testing Services Market – Revenue and Forecast to 2028 (US$ Million)
Figure 12. Europe Semiconductor Assembly and Testing Services Market Revenue Share, by Services (2020 and 2028)
Figure 13. Europe Assembly and Packaging Services: Semiconductor Assembly and Testing Services Market – Revenue and Forecast to 2028 (US$ Million)
Figure 14. Europe Testing Services: Semiconductor Assembly and Testing Services Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15. Europe Semiconductor Assembly and Testing Services Market Revenue Share, by Application (2020 and 2028)
Figure 16. Europe Consumer Electronics: Semiconductor Assembly and Testing Services Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. Europe Automotive: Semiconductor Assembly and Testing Services Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. Europe Medical: Semiconductor Assembly and Testing Services Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. Europe Industrial: Semiconductor Assembly and Testing Services Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. Europe Other Applications: Semiconductor Assembly and Testing Services Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. Europe: Semiconductor Assembly and Testing Services Market, by Key Country – Revenue (2020) (USD Million)
Figure 22. Europe: Semiconductor Assembly and Testing Services Market Revenue Share, By Key Country (2020 and 2028)
Figure 23. Germany: Semiconductor Assembly and Testing Services Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. France: Semiconductor Assembly and Testing Services Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. Italy: Semiconductor Assembly and Testing Services Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. UK: Semiconductor Assembly and Testing Services Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. Russia: Semiconductor Assembly and Testing Services Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. Rest of Europe: Semiconductor Assembly and Testing Services Market – Revenue and Forecast to 2028 (US$ Million)
Figure 29. Impact of COVID-19 Pandemic in Europe Country Markets
- Amkor Technology
- ASE Group
- Integrated Micro-Electronics, Inc.
- JCET Group Co., Ltd.
- Siliconware Precision Industries Co., Ltd.
- Teledyne Technologies Incorporated
- Unisem Group
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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