Electronic Packaging Market: Global Industry Analysis and Forecast (2023-2029)

Electronic Packaging Market was valued at US$ 1.46 Bn. in 2022. Global Electronic Packaging Market size is estimated to grow at a CAGR of 18.03%.
Electronic Packaging Market Overview:
Electronic packaging is used as enclosures for integrated circuits, passive devices and circuit cards. The cost and effectiveness of an electronic system is strongly determined by the packaging materials. The main aim of electronic packaging is to protect electronic devices from mechanical damage, extreme temperatures, high frequency noise emission and electrostatic discharge. The miniaturization, increased performance and increased reliability of microsystems are expected to require the development of new materials and manufacturing methods for packaging.To know about the Research Methodology:- Request Free Sample Report

As electronic goods are generally, considered fragile, the electronic custom product, the packaging solution needs to protect from extreme temperatures, mechanical damage, electrostatic discharge, or high-frequency noise emission. In the market, certain electronics manufacturing companies are outsourcing from established electronic packaging manufacturers, who are already proven their presence in the designation custom electronic packaging.
Electronic Packaging Market Dynamics:
The expansion of consumer electronics industry across the globe is one of the key driving factors behind the growth of market. An increase in the adoption of product safety standards in electronic device manufacturing companies, demand of semiconductor packaging in healthcare sector and adoption of electronics packaging in aerospace and defense and in automotive industry for the safety of components are boosting the demand for electronic packaging. High adoption of electronics devices such as TVs, digital cameras, Smartphone, laptop, PCs are contributing into the more in the electronic packaging market. On the other hand, time consuming design which might slow down the production of the product is expected to limit the growth of the electronic packaging market.

Technology development drives the Electronic Packaging Adoption:

Technology development, which is embedded into packages makes a compelling business case for consumer electronics products, with the potential to reduce costs and increase profits. Technological improvements in the electronics packaging are putting pressure to electronic packaging businesses because of the electronics packaging design evolving at a rapid rate. As technology enhances then the demands on electronic packaging also goes up and changes accordingly. One of the top features in the electronics packaging sector is the quick-paced evolution of silicon IC technology. Another key factor is photonics development, which is automatically integrated into the multiple levels of media interconnections connected to custom electronic packaging. These factors are pushing electronic product key companies to adapt and alter electronic packaging’s functions with packaging designs.

In the current market scenario, the electronics companies are facing an ever-increasing demand in the speed and amount of information to transmit, communicate and process. An increase in demand for consumer electronics products, key players are constantly seeking methods to achieve early adoption of new and emerging technologies, enhance quality and reliability, and reduce cost to meet this demand and compete in the international marketplace.

The Disruptions in The Industrial Sector is Impacting the Market Dynamics.

The industry sector is expected to witness more disruption in the manufacturing sector. The disruptions in the manufacturing sector are expected to lead to losses in the market share and the brand reputation of the manufactured electronics products. In the manufacturing sector, managing strategic risk is increasing the degree of emergency. A shift in dynamics in the customized demand, products, economics of production and value chain can lead to disruptions in the manufacturing.
Electronic Packaging Market Segment Analysis:
Based on the Application, semiconductor and IC segment has dominated the market in 2022 and is expected to maintain its dominance during forecast period. A semiconductor packaging is a metal, glass, plastic or ceramic covering which contains one or more isolated semiconductor devices or integrated circuits. In semiconductor packaging individual or discrete components are fabricated on semiconductor wafers such as on silicon ahead of being diced into die, tested, and packaged. The electronic packaging provides protection to the electronics devices from threats like chemical contamination, light exposure and mechanical impact. High demand of semiconductor manufacturing technology in electronic devices which are being used in healthcare, electronics and aerospace and defence sector is propelling the growth of market.

Industrial and Automotive Applications are driving the adoption of Electronic Packaging.

The automotive industry is undergoing a period of the technological changes. The demand for the electronics semiconductor product is expected to increase in the future. The trend towards the electric car requires the vehicles with the substantially less weight, which can be achieved by the light weight components as well by bonding. With the powerful packaging solution, manufacturer in the automotive industry is preparing today for the challenges for the future. The usage of packaging in the electronic industry is now widespread, which is contributed to the manufacture of electronics products to their long-term applications and longevity. The basic building block of the electronics industry is the printed circuit board. The PCB makes use of adhesive materials in the bonding surface-mount components. An integration of chip and production of PCB board are expected to drive the demand for electronic packaging.
Electronic Packaging Market Regional Insights:
Asia-Pacific held the dominant position and is projected to continue its dominance during the forecast period. The Asia Pacific electronic packaging market is expected to witness an exponential growth by 2029 because of the demand from the electronics industry, technological advancements and significant usage areas in healthcare devices and packaging solutions. An increase in miniaturization of electronic gadgets and goods in numerous electronics products are expected to drive the market growth in the near future. China is the major contributor to the Asia Pacific Market because of the country is considered as the electronic hub. It has mass manufacturing and production of electrical components and electronics products industry, which deliver standards of quality, performance, and gives a significant growth potential to the electronic packaging market.

The objective of the report is to present a comprehensive analysis of the global Electronic Packaging Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also help in understanding the Electronic Packaging Market dynamic, structure by analyzing the market segments and projecting the Electronic Packaging Market size. Clear representation of competitive analysis of key players by Application, price, financial position, product portfolio, growth strategies, and regional presence in the Electronic Packaging Market make the report investor’s guide.
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Global Electronic Packaging Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2017 to 2022
Market Size in 2022:
US $ 1.46 Bn.


Forecast Period 2023 to 2029 CAGR:
18.03%
Market Size in 2029:
US $ 4.66 Bn.


 Segments Covered:
by Material
• Plastic
• Metal
• Glass
• Others


by Application
• Semiconductor & IC
• PCB
• Others


by End User
• Consumer Electronics
• Aerospace & Defense
• Automotive
• Telecommunication
• Others



Electronic Packaging Market, by Region
● North America (United States, Canada and Mexico)
● Europe (UK, France, Germany, Italy, Spain, Sweden, Austria, Turkey, Russia and Rest of Europe)
● Asia Pacific (China, India, Japan, South Korea, Australia, ASEAN and Rest of APAC)
● Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
● South America (Brazil, Argentina, Columbia and Rest of South America)
Electronic Packaging Market, Key Players are:
• AMETEK Inc
• Dordan Manufacturing Company
• DuPont de Nemours, Inc.
• GY Packaging
• Plastiform Inc.
• Kiva Container Corporation
• Primex Design & Fabrication
• Quality Foam Packaging Inc.
• Sealed Air Corporation
• The Box Co-Op
• UFP Technologies, Inc
• Intel Corporation
• STMicroelectronics NV
• Xilinx Inc.
• Samsung Electronics Corporation Ltd
• AMS AG
• Taiwan Semiconductor Manufacturing Co. Ltd.
• Blue Spark Technology
• Canatu
• Excellatron Solid State
• Front Edge Technology
• Holst Centre
• Infinite Power Solutions
• Cymbet
Frequently Asked Questions:
1] What segments are covered in the Electronic Packaging Market report?
Ans. The segments covered in the Electronic Packaging Market report are based on Material and End User, Application.

2] Which region is expected to hold the highest share in the Electronic Packaging Market?
Ans. The Asia Pacific region is expected to hold the highest share in the Electronic Packaging Market.

3] What is the market size of the Electronic Packaging Market by 2029?
Ans. The market size of the Electronic Packaging Market by 2029 is US$ 4.66 Bn.

4] What is the forecast period for the Electronic Packaging Market?
Ans. The forecast period for the Electronic Packaging Market is 2023-2029.

5] What was the market size of the Electronic Packaging Market in 2022?
Ans. The market size of the Electronic Packaging Market in 2022 was US$ 1.46 Bn.