Wafer and IC Shipping & Handling Market Worth $14.16B by 2025
March 27, 2017 | Grand View Research, Inc.Estimated reading time: 2 minutes
The global wafer and integrated circuits (IC) shipping & handling market is expected to reach USD 14.16billion by 2025, according to a new report by Grand View Research, Inc. The wafer and integrated circuits (IC) shipping & handling market is expected to grow substantially over the forecast period on account of the rising demand for ICs in communication systems and consumer electronics.
The market is expected to witness significant growth over the forecast period on account of increasing demand for integrated circuit (IC) chips in communication systems, automotive and consumer electronics. In addition, the rising demand for ICs is expected to have a positive impact on the demand for silicon and integrated circuits (IC) processing & storage, shipping & handling markets, which is likely to drive the demand for wafer carriers over the projected period.
The raw material manufacturers are trying to integrate across various stages of the value chain, namely supply of raw material, manufacturing of the products and supply of the manufactured products to achieve higher profit margins and meet the rising consumer demand, by reducing the lead time.
To request a sample copy or view summary of this report, click the link below:
http://www.grandviewresearch.com/industry-analysis/wafer-integrated-circuits-ic-shipping-handling-market
Further key findings from the report suggest:
The demand for IC trays is expected to grow substantially over the forecast period as the product aids in bulk shipment and maximum protection to the ICs. It is most commonly used the product as an IC tray can accommodate between 10 and 400 chips, which is only a small portion of what is on a wafer.
JEDEC trays account for over 90% of the overall processing & storage products market. The high strength of the product coupled with the efficient design of the trays is expected to be the driving force in the processing application.
The demand for carrier tapes is expected to witness substantial growth over the forecast period on account of the utilization of different types of material to meet a variety of shipping & handling needs. Materials including polycarbonate and polystyrene are utilized in the manufacturing of carrier tapes, as they are non-conductive and possess antistatic properties.
Asia Pacific accounted for the largest revenue share on account of the presence of a large number of semiconductor manufacturers and integrated device manufacturers (IDMs). The growing demand for the ICs and silicon wafers in the region coupled with increasing exports from Taiwan and South Korea is expected to drive demand
The demand in the Middle East is spearheaded by Israel owing to the presence of manufacturers such as fabless, multinational design and fabs. As there are established local players such as Mellanox and Broadlight and startups Siverge and Anobit the demand for silicon wafers is high in the country resulting in high demand for wafer carriers.
The companies in the IC shipping & handling market are highly competitive and compete on the basis of prices and regional expansion. Global players such as Entegris and Dalau cater to their local market while catering to the demand across all the other regions.
Suggested Items
LQDX Divests Aluminum Soldering Business - Mina™ - to Taiyo America Inc.
05/02/2024 | PRNewswireLQDX, formerly known as Averatek Corp., developer of high-performance materials for advanced semiconductor manufacturing, today announced that it has divested its aluminum soldering business – known as MinaTM – to Taiyo America Inc., a global market leader in advanced electronic materials.
IDTechEx Report on Quantum Technology: Nano-scale Physics for Massive Market Impact
04/30/2024 | PRNewswireThe quantum technology market leverages nano-scale physics to create revolutionary new devices for computing, sensing, and communications. Across the industry, quantum technology offers a paradigm shift in performance compared with incumbent solutions.
Guerrilla RF Completes Strategic Acquisition of GaN Device Portfolio from Gallium Semiconductor
04/29/2024 | BUSINESS WIREGuerrilla RF, Inc. has finalized the acquisition of Gallium Semiconductor's entire portfolio of GaN power amplifiers and front-end modules. Effective April 26th, 2024, GUER acquired all previously released components as well as new cores under development at Gallium Semiconductor.
Amphenol Reports Q1 2024 Results, Announces New Stock Repurchase Program
04/26/2024 | BUSINESS WIREAmphenol Corporation reported first quarter 2024 results. In addition, the Company is announcing a new three-year, $2 billion stock repurchase program.
Chinese Smartphone Market Maintains its Recovery Momentum at 6.5% Growth in 1Q24,
04/26/2024 | IDCAccording to preliminary data from the International Data Corporation (IDC) Worldwide Quarterly Mobile Phone Tracker, China smartphone shipments grew 6.5% year over year (YoY) to 69.3 million units in 1Q24.