Authored By: Sarah
11 Nov 2023

Organic Substrate Packaging Material Market to exhibit market growth at a CAGR of 4.7% through 2023-2027

The market for Organic Substrate Packaging Materials is expected to grow as a result of the increasing acceptance of self-driving cars, the substantial increase in demand for portable electronics, and the global need for consumer and smart electronics. Between 2022 and 2027, the market for organic substrate packaging is predicted to increase by 4.7%, bringing in an additional USD 3.51 billion in revenue.

Navigating the Organic Substrate Packaging Material Market Segmentation: When it comes to segment analysis the market can be segmented depending on several factors be it type, fastest-growing segment, fastest-growing region, or the overall geography of the market landscape.

  • The Organic Substrate Packaging Material Market can be segmented by application (consumer electronics, automotive, manufacturing, healthcare, and others), technology (SO packages, GA packages, flat no-leads packages, and others), and geography (APAC, North America, Europe, Middle East and Africa, and South America).
  • When it comes to the fastest-growing region it has been observed that APAC is estimated to contribute 67% to the growth of the global market during the forecast period as it is dominated by technology-rich nations like Taiwan, China, Japan, and South Korea.
  • As per past data, it is observed consumer electronics segment was the largest segment and was valued at  USD 4,121.24 million in 2017, and it will continue taking the number one position in the application segment.

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Snapshot of Organic Substrate Packaging Material Market Segment Analysis 

Key Companies and Key Offerings: When it comes to the key market placers in the market landscape some of the examples comprise

Organizations like Amkor Technology Inc. offer organic substrate packaging materials such as ePad TSSOP, MSOP, SOIC, SSOP, and LQFP.

Some prominent names worth mentioning are ASE Technology Holding Co. Ltd., AT and S Austria Technologie and Systemtechnik Aktiengesellschaft, Compass Technology Co. Ltd., DuPont de Nemours Inc.Fujikura Co. Ltd., Kyocera Corp., Micro Systems Technologies Management GmbH, Mitsubishi Electric Corp., Niterra Co. Ltd., Resonac Holdings Corp., Rogers Corp., Samsung Electronics Co. Ltd., Shinko Electric Industries Co. Ltd., Sumitomo Bakelite Co. Ltd., etc Technavio's report includes qualitative and quantitative analyses of core companies with a wider understanding of the business ecosystem. 

Technavio’s research report traces the growth trajectory of the market and provides a detailed analysis of the prevalent market forces, trends, and drivers along with key companies which are likely to impact the market in focus. Track down a detailed analysis of the prevalent market forces, trends, and drivers that are likely to impact the market in focus in our report.

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