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on April 15, 2024
The latest report by IMARC Group, titled “Organic Substrate Packaging Material Market Report by Technology (Small Outline (SO) Packages, Grid Array (GA) Packages, Flat no-leads Packages, Quad Flat Package (QFP), Dual in-line Package (GIP), and Others), Application (Consumer Electronics, Automotive, Manufacturing, Healthcare, and Others), and Region 2024-2032“, The global organic substrate packaging material market size reached US$ 15.2 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 21.6 Billion by 2032, exhibiting a growth rate (CAGR) of 3.8% during 2024-2032.
Semiconductor applications and manufacturing utilize organic substrate packaging materials to enhance the functionality and reliability of printed circuit boards (PCBs). These materials, made of lightweight organic small molecules or polymers, serve as a conductive interconnect between semiconductors and PCBs. By reducing the weight of PCBs, they improve dimensional control and electrical performance while facilitating signal, heat, and power distribution. Moreover, the use of organic substrate packaging materials helps minimize the environmental impact of PCBs. As a result, these materials are extensively employed in various industries such as automotive, healthcare, consumer electronics, and manufacturing.
Organic Substrate Packaging Material Market Trends and Drivers:
The market is experiencing a surge in demand for organic substrate packaging materials across various industries. The use of these materials is also on the rise in portable electronic devices, driven by a growing focus on sustainable development. Additionally, the food and beverage (F&B) sector's expansion has led to an increased need for biodegradable and compostable packaging materials. Technological advancements in packaging, including quad-flat packages (QFP), dual in-line packages (DIP), small outline (SO) projects, flat no-leads packages, and grid arrays (GA) packages, are further fueling market growth. Furthermore, the adoption of these materials in self-driving vehicles for millimeter-wave automotive radar systems is contributing positively to market trends.
For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/organic-substrate-packaging-material-market/requestsample
Report Segmentation:
The report has segmented the market into the following categories:
Breakup by Technology:
- Small Outline (SO) Packages
- Grid Array (GA) Packages
- Flat no-leads Packages
- Quad Flat Package (QFP)
- Dual in-line Package (GIP)
- Others
Breakup by Application:
- Consumer Electronics
- Automotive
- Manufacturing
- Healthcare
- Others
Competitive Landscape with Key Player:
- Amkor Technology Inc.
- ASE Kaohsiung (Advanced Semiconductor Engineering Inc.)
- Compass Technology Co. Ltd.
- Hitachi Chemical Company Ltd. (Hitachi and Showa Denko)
- Kyocera Corporation
- Mitsubishi Corporation
- NGK Spark Plug Co. Ltd.
- Shinko Electric Industries Co. Ltd. (Fujitsu)
- STATS ChipPAC Pte. Ltd. (Jiangsu Changjiang Electronics Tech. Co.)
- WUS Printed Circuit Co. Ltd.
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARCs information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the companys expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
Contact Us:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145 |United Kingdom: +44-753-713-2163
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