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US Semiconductor Assembly and Testing Services Market: Segmented: by Service (Assembly and packaging services and Testing services); By Application (consumer electronics, automotive, medical, industrial, and other applications) and Region - Analysis of Market Size, Share & Trends for 2019-2020 and Forecasts to 2031
US Seiconductor Assembly and Testing Services Market to surpass USD 88.2 billion by 2031 from USD 52.8 billion in 2021 at a CAGR of 5.27% in the coming years, i.e., 2021-31.
The semiconductor industry plays a vital role in allowing the application of cutting-edge digital technologies in many industries, such as consumer electronics, automotive, medical, IT, and telecommunications. It saves time and money as well as reduces human efforts. The use of control systems, comprising computers or robots, and information technologies for managing different processes and machinery help maximize the productivity degree of any company.
With the growth in advanced technologies such as autonomous driving, 5G, artificial intelligence, and Internet of Things (IoT); and increasing research and development investments by semiconductor designing and manufacturing corporations present in the country, the US semiconductor industry is expected to witness robust growth over the forecast period of 2021 to 2031.
US Semiconductor Assembly and Testing Services Market is divided by Service Type into assembly and packaging services and testing services. Assembly and packaging services segment to be a larger contributor to the Semiconductor Assembly and Testing Services Market. This is due high demand for semiconductors in consumer electronics, automotive, medical, space, military, and many others.
US Semiconductor Assembly and Testing Services Market is divided by Application into consumer electronics, automotive, medical, industrial, and other applications. The consumer electronics segment held the largest share in 2020 due to increasing demand for audio/video equipment, cameras, calculators, and smart homes. The consumer electronics industry players are engaged in R&D to come up with new ways to overcome the challenges related to flexibility, reliability, and costs of products.
Rising Demand for Consumer Electronics
The consumer electronics industry has grown significantly with the elevated use of smartphones, desktops, digital cameras, tablets, laptops, hard disks, and televisions, among others, owing to new technological developments. For instance, the growing implementation of 5G networks is generating strong opportunities for the market players to develop advanced RF modules for connectivity using system-in-package technology.
Increasing demand for small form factor-based electronic devices
The growing demand for small form factor-based electronic devices, specifically for health monitoring and smartphones, contributes to the global semiconductor assembly and testing services market growth. However, the lockdown imposition by various governments amid the COVID-19 pandemic caused in low production of commodities, goods, and services.
High capital costs
High capital costs related to high-end packaging services provision, volatility of prices in the market, and uncertainty in exchange rates will remain to pose a negative impact on the Semiconductor Assembly and Testing Services Market.
Amkor Technology
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
The United States is one of the largest markets for Semiconductor Assembly and Testing Services across the world. The country is the early adopter of digital transformation strategies that witness growth in the Semiconductor Assembly and Testing Services Market in the region.
| Report Attribute | Details |
| The market size value in 2021 | USD 52.8 billion |
| The revenue forecast in 2031 | USD 88.2 billion |
| Growth Rate | CAGR of 5.27% from 2021 to 2031 |
| The base year for estimation | 2020 |
| Quantitative units | Revenue in USD million and CAGR from 2021 to 2031 |
| Report coverage | Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
| Segments covered | Application, Service Type, and Region |
| Key companies profiled | Amkor Technology, ASE Group, Unisem Group, DPA, Components International (DPACI), GlobalFoundries, U.S. Inc., Golden Altos Corporation, Grinding & Dicig Services, Inc., Micross, Precision Test Solutions, Promex Industries Inc., SkyWater Technology Other Prominent Players |
The US Semiconductor Assembly and Testing Services Market size was estimated at USD 52.8 billion in 2021 and is expected to reach 88.2 billion by 2031.
Key players: Amkor Technology, ASE Group, Unisem Group, DPA, Components International (DPACI), GlobalFoundries, U.S. Inc., Golden Altos Corporation, Grinding & Dicig Services, Inc., Micross, Precision Test Solutions, Promex Industries Inc., SkyWater Technology Other Prominent Players.
Assembly and packaging services segment and Consumer electronics segment are anticipated to hold the largest US Semiconductor Assembly and Testing Services Market.
Drivers: Rising Demand for Consumer Electronics and Increasing demand for small form factor-based electronic devices
Semiconductor industry plays a vital role in allowing the application of cutting-edge digital technologies in many industries, such as consumer electronics, automotive, medical, IT, and telecommunications. It saves time and money as well as reduces human efforts. The use of control systems, comprising computers or robots, and information technologies for managing different processes and machinery help maximize the productivity degree of any company.
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