Global Wafer Level Packaging Market to Reach US$ 13.2 Billion by 2028, Driven by Rapid Advancement of Technology

According to the latest report by IMARC Group, titled “Wafer Level Packaging Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” the global wafer level packaging market size reached US$ 4.8 Billion in 2022. Wafer level packaging (WLP) is an advanced semiconductor packaging technology that involves the integration and encapsulation of integrated circuits (ICs) directly at the wafer level. Unlike traditional packaging methods that involve packaging individual IC chips after they are fabricated on the wafer, WLP allows for the packaging process to be performed on the entire wafer before dicing it into individual chips. In wafer level packaging, the ICs are encapsulated with various materials, such as polymers or metals, forming a protective layer around the chips. This encapsulation provides mechanical support, electrical connectivity, and environmental protection to the chips. The packaging process typically includes processes, such as redistribution layer formation, bumping, and wafer bonding. WLP enables a significant reduction in the size of the packaged devices, allowing for miniaturization and higher integration density. WLP eliminates the need for separate packaging of individual chips, resulting in the reduced overall package dimensions. WLP offers improved electrical performance. The shorter interconnect lengths in WLP reduce resistance, capacitance, and inductance, leading to enhanced electrical performance, faster signal transmission, and improved system-level performance. WLP provides better thermal management as compared to traditional packaging methods. The direct integration of chips on the wafer allows for efficient dissipation of heat generated by the ICs, reducing the risk of thermal issues and enabling higher power densities.

Global Wafer Level Packaging Market Trends:

The rising demand for compact electronic devices, such as smartphones, wearables, and IoT devices, represents one of the factors driving the growth of the market across the globe. This, coupled with the rapid advancement of technology is acting as a major growth-inducing factor. In line with this, wafer level packaging offers a compact form factor, enabling miniaturization and integration of components directly onto the wafer, thereby meeting the demand for smaller and thinner electronic devices, which is further contributing to the growth of the market. The market is also driven by significant advancements in semiconductor manufacturing processes, including lithography, etching, and deposition techniques which are improving the precision, scalability, and reliability of WLP. In addition to this, the increasing demand for advanced packaging solutions, along with the rising integration of multiple functions, such as microprocessors, sensors, and memory, into a single package, thereby offering higher integration density and improved system-level performance is facilitating the growth of the market. Apart from this, wafer level packaging offers cost advantages as compared to traditional packaging methods and eliminates the need for individual packaging of each chip, thereby reducing material costs, assembly steps, and overall manufacturing complexity. This is driving the growth of the market significantly. Other factors, including improved electrical and thermal performance as compared to traditional packaging methods, the rising demand for automotive electronics, and the emergence of technologies, such as 5G, artificial intelligence (AI), and the Internet of Things (IoT), are creating a positive outlook for the market across the globe. Looking forward, the market value is projected to reach US$ 13.2 Billion by 2028, expanding at a CAGR of 18.3% during 2023-2028.

Market Summary:

• Based on the packaging technology, the market has been divided into 3D TSV WLP, 2.5D TSV WLP, WLCSP, Nano WLP, and others. Currently, 2.5D TSV WLP is dominating the market across the globe.
• On the basis of the end use industry, the market has been segmented into aerospace and defense, consumer electronics, information technology (IT) and telecommunication, healthcare, automotive, and others. Presently, consumer electronics holds the largest market share across the globe.
• On a geographical front, the market has been segmented into Asia Pacific, North America, Europe, Middle East and Africa, and Latin America. Presently, Asia Pacific is dominating the market across the world.
• The competitive landscape of the market has also been examined with some of the key players being Amkor Technology Inc., China Wafer Level CSP Co. Ltd., Chipbond Technology Corporation, Deca Technologies Inc. (Infineon Technologies AG), Fujitsu Limited, IQE PLC, JCET Group Co. Ltd., Siliconware Precision Industries Co. Ltd. (Advanced Semiconductor Engineering Inc.), Tokyo Electron Ltd. and Toshiba Corporation.

Report Scope:

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