2021 Market Insights: China, Japan & South Korea Fuel Growth in Advanced IC Substrates
Sunday, 29 September 2024, 19:07
The Rise of the Global Advanced IC Substrate Market
The 2021 demand for chips and components indicates a booming era for the global advanced IC substrate market. Recent studies reveal Asia's dominance in IC manufacturing, especially in countries like China, Japan, and South Korea.
Key Market Drivers
- Data growth is driving the demand for advanced IC substrates, crucial for efficient PCB assembly.
- IC substrates are essential in modern electronics, providing the necessary support for various IC components.
- Passive components and innovative packaging technologies are vital for enhancing performance.
Future Projections
According to Global Information, Inc. (GII), the market is expected to escalate to US$31.54 billion by 2029, marking significant growth from US$18.11 billion in 2024.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.