Allied Market Research

2024

Panel Level Packaging Market

Panel Level Packaging Market Size, Share, Competitive Landscape and Trend Analysis Report by Component, by deployment, by Enterprise Size and by Industry verticals : Global Opportunity Analysis and Industry Forecast, 2023-2032

IC : Software and Services

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Author's: | Onkar Sumant
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The demand for lower costs plus higher performance, coupled with OSAT assembly house end-customers’ desire for increasingly lower prices, has driven the semiconductor industry to develop innovative solutions. One approach for reducing overall cost is to move to a larger-size panel format. This technology, named panel level packaging takes advantage of efficiency and economies of scale. Cost-effective packaging solution and flexible circuit designs are some of the major influencing factors for the growth of panel-level packaging technology. Especially, the recent panel level package technology is the promising area of market advancement in the global semiconductor packaging industry. Smaller form factor with enhanced thermal performance has generated huge demand for panel-level packaging technology among several industrial applications such as consumer electronics, automotive, aerospace & defense, telecommunication, and others.

COVID-19 Impact Analysis

With the outbreak of COVID 19, the panel level packaging market witnessed a decline in growth due to restrictions on the movement of goods and severe disruptions in the semiconductor supply chain. COVID-19 caused low inventory levels for clients of semiconductor vendors and distribution channels. the semiconductor industry experience a slowdown in demand and production disruption.

However, in the pandemic period, panel level packaging finds its increased application in footprint-sensitive devices such as smartphones due to requirement of high-performing, energy-efficient thin- and small-form-factor packages.

Top Impacting Factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis

The latest trend in the packaging is panel level packaging, which is the promising area of market advancement in the global panel level packaging industry. Players such as ASE, Powertech, Nepes, and Samsung are looking forward to panel -level packaging, providing economies of scale. 

Players such as Mi Technovation Bhd are primarily involved in the design, manufacturing, and sale of the wafer level chip scale package and sorting machines with the inspection and testing capabilities for the semiconductor industry. Furthermore, Taiwan Semiconductor Manufacturing Company (TSMC) announced in October 2019 that it would increase its Capex, providing advanced solutions in the panel packaging. 

Several packaging houses are implementing panel-level fan-out, a low-density technology that promises to lower the cost of fan-out. Fan Out Panel Level Packaging (FOPLP) is expected to be essential for future applications on 5G, AI, Biotech, Advanced Driver- Assistance System (ADAS), smart city, and IoT related products. Ability to develop advanced packing and testing services and secure customer relations serve as major factors.

The semiconductors enable a wide variety of products for smartphones and computers and the demand for these devices is increasing year on year. A positive outlook for IoT and artificial intelligence increase the growth of the semiconductor industry which in turn would require intensive use of panel level technologies.

Key Benefits of the Report:

  • This study presents the analytical depiction of panel level packaging market industry 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 panel level packaging market.
  • The current market is quantitatively analyzed to highlight of panel level packaging market growth scenario.
  • Porter’s Five Forces analysis illustrates the potency of buyers & suppliers in        the market.
  • The report provides a detailed panel level packaging market analysis based on competitive intensity and the competition that will take shape in coming years

Questions Answered in Panel Level Packaging Market Research Report:

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

Panel Level Packaging Market Report Highlights

Aspects Details
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By Component
  • Software
  • services
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By deployment
  • Public
  • Private
  • Hybrid
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By Enterprise Size
  • Small & Medium Enterprise
  • Large Enterprise
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By Industry verticals
  • Education
  • Banking,financial services and insurance (BFSI)
  • retail & consumer goods
  • government
  • enterprise
  • automotive
  • aerospace
  • medical
  • others
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By Region
  • North America  (U.S, Canada)
  • Europe  (Germany, UK, France, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, Rest of Asia-Pacific)
  • LAMEA  (Latin America, Middle East, Africa)
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Key Market Players

STATS ChipPAC, SPTS Technologies, Lam Research Corporation, Deca Technologies, Amkor Technology, Qualcomm Technologies, Samsung & TSMC, Siliconware Precision Industries

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Panel Level Packaging Market

Global Opportunity Analysis and Industry Forecast, 2023-2032