Global Flip Chip Market – Industry Analysis and Forecast (2019-2027)
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Global Flip Chip Market was valued US$ 22.91 Bn in 2019 and is expected to reach US$ 39.85Bn by 2027 at a CAGR of 7.16 % during the forecast period.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
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Global Flip Chip Market Dynamics:
Global flip chip market is mainly driven by the developing internet of things: a network of physical devices, vehicles, buildings, and other items that include embedded electronics, software, sensors, actuators, and network connectivity along with its technological advantage over the traditional wire bond electrical connection makes it the excellent alternative. The flip-chip market is highly technology driven and companies are mainly focusing on discovering new technologies for the bumping process, which, in turn, is increasing the demand for raw materials required for manufacturing. However, some of the major restraints associated with the flip chip industry include the huge initial investment required for setting up new manufacturing facility and less available options for customization.
3D IC is expected to record the highest growth rate as it is equipped with all the additional advantages to that of 2.5D IC, such as enhanced capacity, improved performance, and compact system space requirements and low power consumption. The growing demand for reduced latency, increasing density, greater bandwidth, and lower power consumption are driving the adoptions of 3D-IC designs.
From industry segment, electronics held the largest market share with XX% and would also grow at the highest rate. Smartphones & tablets are observed to have the highest adoption among all the consumer electronic devices, because of their small form factor and better performance requirements to operate at a higher bandwidth, at a relatively lower cost. The automotive& transport segment is expected to grow at a second-highest CAGR rate, catapulting the flip chip technology market further.
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