Allied Market Research

2024

Fan-out Wafer Level Packaging Market

Fan-Out Wafer Level Packaging Market Size, Share, Competitive Landscape and Trend Analysis Report, by Type, by Carrier Type, by Business Model and, by Industry Vertical : Global Opportunity Analysis and Industry Forecast, 2023-2032

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Author's: | Sonia Mutreja
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Fan-Out Wafer Level Packaging Market Outlook – 2027 

Fan-out Wafer Level Packaging (FOWLP) is an integrated circuit (IC) packaging technology that allows simultaneous packaging of several components on the same substrate, hence lowering the overall cost of packaging. FOWLP finds large-scale applications in the consumer electronics sector to design ultra-thin portable devices such as smartphones, smartwatches, and laptops as they offer high-performing, energy-efficient, thin, and small form factor packages. 

FOWLP features substrate-less package, lower thermal resistance, shorter interconnects instead of wire bonds leading to high performance and low inductance that facilitates use in multichip packages and heterogeneous integration. Fan-out panel level technology finds innumerable applications in IoT-related smart city projects, artificial intelligence, and biotechnology as it is a low-density technology along with advanced design flexibility and physical performance. Use of this technology in computing and 5G wireless communication implies that the fan-out wafer level packaging market share would undergo exponentially high growth in coming years.

The global fan-out wafer level packaging market is segmented on the basis of type, carrier type, business model, industry vertical, and region. Based on type, the fan-out wafer level packaging market is bifurcated into core fan-out and high density fan-out. In terms of carrier type, the market is categorized into 200mm, 300mm, and Panel. On the basis of business model, the market is divided into OSAT, Foundry, and IDM. In terms of industry vertical, the market is segmented into IT & telecommunication, consumer electronics, aerospace & defense, industrial, automotive, healthcare and others. Geographically, the fan-out wafer level packaging market is analyzed across several regions such as North America, Europe, Asia-Pacific, and Latin America, Middle East & Africa (LAMEA).

Top Impacting Factors

Surge in demand for high-power, miniaturized packaged ICs due to rise in popularity of IoT and technologically improved compact electronic devices such as smartphones, smartwatches, tablet, TVs among others primarily drives the packaging technology fan-out wafer level market growth. However, high manufacturing cost owing to war page causing differential shrinkage of material during FOWLP and reduced lifespan due to fluctuating co-efficient of thermal expansion of materials of wafer technology restrains the fan-out wafer level packaging market growth.

Contrarily, rise in integration of electronic equipment such as MEMS sensors, pressure sensors, and gyroscopes in autonomous or hybrid vehicles to fulfil demand for smart automotive solutions further boosts the market revenue for high-performance and cost-effective semiconductor packaging solutions. Technological advancements in efficient, reliable interconnect solutions, and overall advantages in performance over customary chip-scale packaging is anticipated to present new pathways to the fan-out wafer level packaging market.

New Product Launches to Flourish the Market

Leading fan-out wafer level packaging market players adopt necessary methods to improve precision and functionality of advanced interconnect foundry services in the semiconductor industry with a view to support strong growth of chiplets and heterogeneous integration.

In August 2019, Deca Technologies, a supplier of wafer-level electronic interconnect solutions, announced that its M-Series Fan-out Wafer Level Packaging (FOWLP) Technology has been adopted by Qualcomm for power management integrated circuit (PMIC) devices in Xiaomi Mi 9, LG G8, and Samsung S10 handsets. M-Series processes are used to encapsulate active semiconductors where all solder balls are within silicon area and provide zero defects related to silicon cracking or chipping. Chipping or cracking defects can arise during shipping or board mounting process due to exposed silicon. 

Protected fan-out technology offers reliable performance with extreme miniaturization as well as benefits light-sensitive devices blocking around 10 times the ambient light over conventional fan-in wafer level chip scale package. It offers improved electrical performance along with unique dielectric structure between active device and redistribution layers in radio frequency devices, hence showing noted success in the low density fan-out market. 

Surge in Use of Automotive and Industrial Applications

FOWLP technology is used for semiconductor IC packaging used in automotive applications such as navigation control, infotainment system, anti-lock braking system, power doors, and windows.

In June 2020, Winbond Electronics Corp. introduced HyperRAM products with wafer-level chip scale packaging that helps to achieve very thin form factor in embedded applications. The new HyperRAM 2.0 products offer maximum data transfer rate of 400Mbps with 3V or 1.8V operating voltage and operates at the maximum frequency of 200MHz. The four product lines of this series of product for various end-user applications are 32Mb, 64Mb, 128Mb, and 256Mb. 

HyperRAM series products provide 15-ball, 1.48mm*2mm wafer level chip scale package that is the best memory solution to meet requirements of mobile products such as smartphones, smartwatches, and other wearable electronics. The HyperBus interface has low pin count making wiring area smaller and providing simpler circuit board layout. This design helps to design compact memory controllers as the products support the interface.

Key Benefits of the Stakeholders

  • The study gives an analytical overview of fan-out wafer level packaging market forecast with current trends and future estimations to determine imminent investment pockets.
  • The report provides information related to key drivers, restraints, and opportunities along with detailed fan-out wafer level packaging market analysis.
  • The current fan-out wafer level packaging market trends are quantitatively analyzed.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 

COVID-19 Impact Analysis

  • The wafer level packaging manufacturers are forced to shut down production operations due to government-imposed lockdowns in the wake of COVID-19 pandemic, which has led to supply chain disruption in the whole chip manufacturing & supply industry.
  • The COVID-19 pandemic has led to a shrink in demand for products powered by semiconductor devices. There is a halt in production of components, owing to the lockdown scenario. This has caused disruption in the overall supply chain of the global fan-out WLP market.
  • Contrarily the fan-out wafer level packaging industry expects an opportunity in the unprecedented crisis as organizations begin to work-from-home and end-users begin to consume more content on digital platforms. This influences importance of storage and memory solutions such as compact, cost-efficient high-powered packaged ICs for data centers, laptops, and other devices.
  • Companies manufacturing semiconductor device components are anticipated to revise production planning, sourcing strategy, and change industry dynamics to stimulate growth after the lockdown restrictions are lifted.

Questions Answered in the Fan-out Wafer Level Packaging Market Research Report

  • Who are the leading market players active in the fan-out wafer level packaging market size?
  • What would be the detailed impact of COVID-19 on the fan-out wafer level packaging market?
  • What current trends would influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the fan-out wafer level packaging market?
  • What are the projections for the future that would help in taking further strategic steps?

Fan-Out Wafer Level Packaging Market Report Highlights

Aspects Details
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By Type
  • Standard Density Fan-Out
  • High Density Fan-Out
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By Carrier Type
  • 200mm
  • 300mm
  • Panel
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By Business Model
  • OSAT (Outsourced Assembly and Test)
  • Foundry
  • IDM (Identity Management)
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By Industry Vertical
  • IT and Telecommunication
  • Consumer Electronics
  • Aerospace and Defense
  • Industrial
  • Automotive
  • Healthcare
  • Others
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By Region
  • North America  (US, Canada, Mexico)
  • Europe  (Germany, UK, France, Russia, rest of Europe)
  • Asia Pacific  (India, Japan, China, rest of Asia Pacific)
  • LAMEA  (Latin America, Middle East, Africa)
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Key Market Players

Powertech Technology Inc., ASE Technology Holding, Samsung Electro-Mechanics, Amkor Technology, Infineon Technologies AG, STATS ChipPAC, Renesas Electronics Corp., Cypress Semiconductor Corp., Taiwan Semiconductor Manufacturing Company, NXP Semiconductors NV

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Fan-Out Wafer Level Packaging Market

Global Opportunity Analysis and Industry Forecast, 2023-2032