Automotive OSAT Market Outlook - 2030
An automotive outsourced semiconductor assembly and test (OSAT) are the companies that offer third party for test service and integrated circuit packaging. These companies test device and provide packaging to silicon device prior to shipping in the market. The automotive OSAT market is categorized on basis of assembly and testing. Some of the important features that have increased the popularity of the automotive OSAT in the market are high-speed processor and high performance.
The companies involved in the manufacturing of automotive OSAT are now focusing on reducing the complexity of the automotive OSAT. This development is anticipated to help the automotive OSAT to penetrate in the market. Which in turn is expected to increase automotive OSAT market. The automotive OSAT, find their applications in diverse sectors such as telecommunication, computing & networking, automotive, and many others.
The global automotive OSAT market is segmented on the basis of type, application, end use and region. Based on type, the market is divided into assembly service and test service. In terms of application, the market is categorized into microcontrollers, sensors, radar chips, others. On the basis of end use, the market is divided into automotive, telecommunications, computing & networking, and consumer electronics. Geographically, the market is analyzed across several regions such as North America, Europe, Asia-Pacific, and Latin America, Middle East & Africa (LAMEA).
Key players operating in the global automotive OSAT industry include Mentor Graphics, Natronix, UTAC, NTRIUM, Amkor Technology, Advanced Semiconductor Engineering (ASE), STATS ChipPAC, Toyota, Powertech Technology Inc., and TSHT. These companies have adopted several strategies such as product launches, partnerships, collaborations, mergers & acquisitions, and joint ventures to strengthen their foothold in the global automotive OSAT market.
COVID-19 Scenario Analysis
The COVID-19 pandemic is a serious health emergency that affects almost every industry. The COVID-19 pandemic has forced all regulatory agencies around the world to implement lockdown and travel restrictions to control the COVID-19 outbreak, which has a negative impact on business growth. The automotive OSAT market outlook in the past decade has experienced growth due to its extensive use in electronics and automotive.
However, the COVID-19 pandemic has significantly hampered the growth of the automotive OSAT industry. The production rate of the automotive OSAT devices decreased, which led to a price increase in the market, which can be proven with the help of an economic theory of the "price elasticity of supply" to be able to continue their operation with only limited workforce. The rise in price decreased the demand for automotive OSAT in the market.
However, after the COVID-19 pandemic the automotive OSAT market share is expected to regain its demand in the market because of surge in diverse and innovative areas of application such as in automation, consumer electronics, and many others.
Top Impacting Factors
The major factors that impact the growth of the automotive OSAT market includes emerging demand for automotive electronics, automotive electronic device like camera module, protection services uses automotive OSAT in various functions and processes. Advancement in technology, for instance, automotive OSAT at present is using the wire bond technology and automotive OSAT companies tends to move toward flip chip ball grid array (FCBGA), which help to improve efficiency and provide the best support to the processor.
Hence, the need for the automotive OSAT in the automotive sector and advancement in technology are expected to drive the demand for automotive OSAT in the market. The semiconductor market is very competitive. The OSAT suppliers are forced to launch new products in a short period. However, requirement of skilled workforce restraints the market growth, as OSAT manufacturers integrate as many components as possible into a single chip, that makes the task more difficult and complex.
Extensive Use of Automotive OSAT in the Automotive Industry
The automotive OSAT is deployed in the automotive industry to provide creative and cost-effective solution. The automotive OSAT is used in cameras, television, washing machine, smart phone and in various other applications in the industry. Automotive OSAT provides solution of an important environmental related problems in the devices like vibration and temperature. Thus, the need for automotive OSAT increased the growth of the automotive OSAT market.
Advancement in Technology in Automotive OSAT
Manufacturers are forced to provide short-lived, compact design new product, in order to create lucrative automotive OSAT market opportunity. Transaction in automotive technology from wire bond to and Flip chip ball grid array (FCBGA) provide better package support and enhanced efficiency of the device. For instance, Intel’s Mobileye EyeQ5 is planning to develop on a 7 nm FinFET process, which can help to provide reliability and packaging support in the devices used in the automotive industry. Hence, transaction in the technology boost the growth during the automotive OSAT market period.
Key Benefits of the Report
- This study presents the analytical depiction of the automotive OSAT Market forecast along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the automotive OSAT Market trends.
- The current market is quantitatively analyzed to highlight the automotive OSAT Market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed automotive OSAT Market analysis based on competitive intensity and how the competition will take shape in coming years.
Questions Answered in the Automotive OSAT Market Research Report
- Who are the leading market players active in the automotive OSAT Market size?
- What the current trends will influence the automotive OSAT industry in the next few years?
- What are the driving factors, restraints, and opportunities in the market?
- What are the projections for the future that would help in taking further strategic steps?
Automotive OSAT Market Report Highlights
Key Market Players
Natronix Semiconductor Technology Pvt., Ltd., Ntrium Inc., Advanced Semiconductor Engineering (ASE), Mentor Graphics, Toyota Motor Corporation, Amkor Technology, Inc., STATS ChipPAC