Microelectronics packaging is used to protect the chip so that it is not affected or less influenced by the outside sources and to provide decent working conditions for normal functioning. To keep pace with the growing demands imposed by high performing chips and by end-use system applications the microelectronics packaging market is experiencing a significant growth. Microelectronics packaging involves the use of various engineering and other technologies to incorporate protective features and in built security in the packaging of products. This microelectronics packaging market is gaining importance as it reduces wastage and enhances safety and security, convenience and product differentiation.
Technological advancements in printed electronics is a common trend observed in recent years. High cost of microelectronics packaging is one of the major challenge faced by the microelectronics packaging market. Manufacturers around the world are all in the effort to research and improvement of the microelectronic packaging industry in order to get leading position in technology.
Based on the number of package combination circuit chip the microelectronics packaging market is segmented into:
- Single chip packaging (SCP)
- Multi-chip package (MCP)
Based on the seal material the microelectronics packaging market is segmented into:
- High polymer material (plastic)
Based on the device and circuit board interconnect the microelectronics packaging market is segmented into:
- Pin insertion (PTH)
- Surface mount (SMT)
In terms of geography, the microelectronics packaging market has been divided in to five key regions including North America, Latin America, Europe, Asia-Pacific and Middle East & Africa. The microelectronics packaging market is expected to register healthy CAGR during the forecast period. Currently North America is on the lead for this technology followed by Asia Pacific and Europe. Asia-Pacific is anticipated to experience higher growth for microelectronics packaging market. In countries like China and Japan the domestic microelectronics packaging market is in a rapid growth phase
Some of the key players in the Microelectronics Packaging Market are AMETEK ECP, Teledyne Microelectronics etc.
This post was originally published on The Market Plan