According to a market report by Lucintel, the future of IC substrate in the global PCB market looks promising with opportunities in the tablet PC, smartphone, laptop, and wearable device markets. The global PCB market in terms of IC substrate usage is expected to reach an estimated $15.3 billion by 2028 with a CAGR of 14.2% from 2023 to 2028. The major drivers for this market are increasing acceptance of advanced packaging technologies, such as wafer-level packaging and flip-chip packaging, increasing popularity of smart wearable, like smart watches and fitness bands, and growing trend of miniaturization.
FC BGA and FC CSP are two major segments of IC substrate in PCB market by type. Lucintel forecasts that FC BGA is expected to remain the larger type segment over the forecast period due to its capability of routing density and ability to be customized for maximum electrical performance.
Within this market, smartphones are expected to remain largest application segment over the forecast period due to rising demand for high-performance mobile devices and increasing penetration of advanced technologies.
APAC will remain the largest region due to significantly growing electronics industry, increasing trend of advanced packaging technologies, and presence of the well-established semiconductor and electronics players in the region.
ASE Group, TTM Technologies, Simmtech, Fujitsu Limited, Ibiden, JCET Group, Kinsus Interconnect Technology, Korea Circuit, KYOCERA Corporation, and LG Innotek are the major IC substrate suppliers in the global PCB market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities for IC substrate in the global PCB market by type, application, and region. Lucintel has compiled a comprehensive research report entitled “Growth Opportunities for IC Substrate in the Global PCB Market 2023-2028: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for IC substrate in the global PCB market by type, application, and region, as follows:
IC Substrate in PCB Market by Type [Value ($B) Shipment Analysis from 2017 to 2028]:
IC Substrate in PCB Market by Application [Value ($B) Shipment Analysis from 2017 to 2028]:
Tablet PC
Smart Phones
Laptops
Wearable Devices
Others
IC Substrate in PCB Market by Region [Value ($B) Shipment Analysis from 2017 to 2028]:
North America
Europe
Asia Pacific
The Rest of the World
This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or email us at helpdesk@lucintel.com.
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This report answers the following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for IC substrate in the global PCB market by type (FC BGA and FC CSP), application (tablet PC, smartphones, laptops, wearable devices, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last five years and what has its impact been on the industry?