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Flip Chip Market Worth $48 Billion By 2030: IndustryARC

Aug 20, 2024 2:38 PM ET

Flip Chip Market Worth $48 Billion By 2030: IndustryARC

Flip Chip market size is expected to reach $48 billion by 2030 after growing at a CAGR of 7.5% during the forecast period 2024-2030 according to the latest market research report published by IndustryARC. The growth in the number of IoT devices and growing trend of miniaturization of electronic devices are poised to propel the demand, finds IndustryARC in its recent report, titled “Flip Chip Market – By Solder (Copper, Tin, Tin-Lead, Lead Free, High Lead, Gold, Electrically Conductive Epoxy Adhesives, Eutectic, Others), By Substrate (Laminates, Ceramics, Polyamides, Glass, Silicon, Others), By Bonding (Adhesion Mechanism, Metallurgical bonding, Direct Bonding, Hydrogen Bonding, Mechanical Interlocking, Vitreous Bonding), By Solder Technique (Solder Bumping, Stud Bumping, Adhesive Bumping), By Packaging (Flip Chip Ball Grid Array (FC BGA), Flip Chip-Pin Grid Array (FC PGA), Flip chip Land Grid Array (FC LGA), Flip Chip System in a Package (FC SiP), Flip Chip Chip Scale Package (FCCSP), Wafer Level Chip Scale Package (WLCSP), Flip Chip Quad Flat No Lead (FCQFN)), By Application (Memory Based, RF, Analog, Mixed Signal and Power IC(2D IC, 2.5D IC, 3D IC), Sensors (IR Sensors, CMOS Image Sensors, Others), Light emitting diode, Central Processing Unit, Graphics Processing Unit, System-on-a-chip, Optical Devices, Micro electrical mechanical systems (MEMS) devices, Surface acoustic wave (SAW) devices, Others), By End User (Consumer Electronics, Automotive, Industrial Equipment, Healthcare, Military & Defense, Aerospace, IT & Telecom, Others), By Geography – Global Opportunity Analysis & Industry Forecast, 2024-2030”

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Growing Trend of Miniaturization is Driving the Market Growth:

With the surge in electric vehicles and portable electronic devices, the need for high-performance flip chip technology has intensified. Flip chips play a crucial role in enhancing the electrical conductivity and overall efficiency of these devices. As per the 2023 U.S. Consumer Technology Ownership & Market Potential Study by the Consumer Technology Association (CTA), 84% of U.S. households plan to purchase consumer electronics in the upcoming years, signaling a growing demand for these devices. Additionally, the growing reliance on portable electronics propels the demand for advanced flip chip solutions. Hence, the growing trend of miniaturization of electronic devices acts as a driver for the Flip Chip market.

Flip Chip Market 2024-2030: Segmentation

By Solder

  • Copper
  • Tin
  • Tin-Lead
  • Lead Free
  • High Lead
  • Gold
  • Electrically Conductive Epoxy Adhesives
  • Eutectic
  • Others

By Substrate

  • Laminates
  • Ceramics
  • Polyamides
  • Glass
  • Silicon
  • Others

By Bonding

  • Adhesion Mechanism
  • Metallurgical Bonding
  • Direct Bonding
  • Hydrogen Bonding
  • Mechanical Interlocking
  • Vitreous Bonding

By Solder Technique

  • Solder Bumping
  • Stud Bumping
  • Adhesive Bumping

By Packaging

  • Flip Chip Ball Grid Array (FCBGA)
  • Flip Chip-Pin Grid Array (FCPGA)
  • Flip chip Land Grid Array (FCLGA)
  • Flip Chip System in A Package (FCSiP)
  • Flip Chip Chip Scale Package (FCCSP)
  • Wafer Level Chip Scale Package (WLCSP)
  • Flip Chip Quad Flat No Lead (FCQFN)

By Application

  • Memory based
  • RF, Analog, Mixed Signal and Power IC
  • Sensors
  • Light emitting diode
  • Central processing unit
  • Graphics processing unit
  • System-on-a-chip
  • Optical devices
  • Micro electrical mechanical systems (MEMS) devices
  • Surface acoustic wave (SAW) devices
  • Others

 

By End Use Industry

  • Consumer Electronics
  • Automotive
  • Industrial Equipment
  • Healthcare
  • Military & Defense
  • Aerospace
  • IT & Telecom
  • Others

By Region

  • North America
  • South America
  • Europe
  • Asia-Pacific
  • Rest of the World

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Flip Chip Market Report – Key Takeaways:

  • Laminates is the Largest Segment
    • Laminates are the largest segment, in terms of substrate, for flip chips due to their superior mechanical and electrical properties. These substrates offer excellent dimensional stability, high thermal conductivity and low electrical losses, which are crucial for the performance and reliability of flip chip assemblies. Moreover, laminates are cost-effective and widely compatible with existing manufacturing processes which makes them an attractive choice for large-scale production. As the demand for compact, high-performance electronic devices continues to grow, the need for laminates is also anticipated to increase.
  • Automotive to Grow the fastest
    • The automotive segment is expected to grow with a CAGR of 9.0% during 2024-2030, in terms of end use industry. Modern vehicles incorporate a myriad of electronic components including advanced driver-assistance systems (ADAS), infotainment systems and electric powertrains. Flip chip technology is essential for these applications because it offers higher performance, greater miniaturization and improved reliability. According to the Global EV outlook 2024 by the International Energy Agency (IEA), in China, the number of new electric car registrations reached 8.1 million in 2023, increasing by 35% relative to 2022. As the industry shifts towards electric vehicles, the demand for robust, high-performance electronic components increases, which boosts the flip chip market.
  • Asia-Pacific Leads the Market
    • Asia Pacific held the major share of 55% in 2023 in the Flip Chip market owing to the burgeoning consumer electronics sector. The market in the region is mainly driven by technological progress and manufacturing as well as the increasing demand for consumer electronic devices. For instance, Apple may shift more than 18% of its iPhone production to India by FY25 up from 7% in FY23, driven by the production linked incentive targets set by the government, as per a report by Bank of America. Additionally, the electronics manufacturing services industries in the region have also grown in the last couple of years which also boost the Flip Chip market.
  • Growth in the Number of IoT Devices
    • The industry is inclining toward compact and smaller electronic devices. As demand grows for smaller electronic components, particularly in applications like Internet of Things (IoT) devices and wearables, flip chips are expected to play a key role. As per a report by CTIA, the U.S. has among the world’s fastest 5G speeds and is the largest country with three nationwide 5G networks. By 2025, 5G will account for 74% of U.S. wireless connections. The growth of 5G will result in a large number of IoT devices and thus, drive the demand for flip chips.

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Key Opportunity Analysis:

Growing Interest in Space Travel

The growing interest in space travel driven by both governmental space agencies and private companies presents a significant opportunity for flip chip technology. According to the World Economic Forum, the space travel market is expected to be reach around $4-6 billion by 2035. Space missions require electronic components that are not only high-performance but also highly reliable and capable of withstanding extreme conditions such as radiation, gravity, vacuum and wide temperature variations. Flip chips, owing to their robust design, superior electrical performance and excellent thermal management properties, are ideally suited for these demanding applications. They enable the miniaturization and enhanced functionality of spacecraft electronics, including communication systems, navigation controls and scientific instruments.

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Quantum Computing

Quantum computing is an emerging field that requires cutting-edge electronic components to manage quantum bits (qubits) and control systems. The ability of flip chips to provide high-density interconnects and superior thermal management can play a crucial role in the development of quantum processors and related hardware. This presents an opportunity for the flip chip market..

The Report also Covers the Following Areas:

  • Flip Chip Market size and Forecast
  • Flip Chip Market trends
  • Flip Chip Market analysis by type

Flip Chip Market 2024-2030: Key Highlights

  • CAGR of the market during the forecast period 2024-2030
  • Value Chain analysis of key stake holders
  • Detailed analysis of market drivers and opportunities during the forecast period
  • Flip Chip market size estimation and forecast
  • Analysis and predictions on end user behavior and upcoming trends
  • Competitive landscape and Vendor market analysis including offerings, developments, and financials
  • Comprehensive analysis of challenges and constraints in the Flip Chip Market

Covid and Ukrainian Crisis Impact:

  • The COVID-19 pandemic presented challenges for the Flip Chip market, disrupting supply chains and causing fluctuations in demand. Lockdowns and restrictions impeded manufacturing operations, affecting the production of electronic components. While there was a surge in the demand for consumer electronics, the shortage of components resulted in significant delays.
  • The ongoing Ukraine-Russia conflict’s impact on flip chip is indirect. Escalating uncertainties led to fluctuations in component prices and impacted the production and distribution of flip chips. Economic sanctions and geopolitical risks also influenced market dynamics by impacting investment decisions and overall industry stability.

Flip Chip Market Players:

The companies profiled in the Flip Chip market include:

  • Texas Instruments
  • STMicroelectronics
  • Intel Corporation
  • Samsung Group
  • Amkor Technology
  • TDK Electronics Europe
  • IBM Corporation
  • Taiwan Semiconductor Manufacturing Company
  • 3M Company
  • Kyocera International
  • UTAC Holdings Ltd.
  • Chipbond Technology Corporation
  • TF-AMD Microlectronics
  • Jiangsu Changjiang Electronics Technology Co. Ltd.
  • Powertech Technology Inc.

Related reports:

Advanced Semiconductor Packaging Market– Advanced semiconductor packaging market is projected to reach $65 billion by 2027 at a CAGR of 10.2% during the forecast period 2022-2027, primarily attributed to the growing demand for semiconductors from various applications.

4G Smart Device Chip Market– 4G Smart Device Chip Market is projected to reach $7.7 billion growing at a significant CAGR during the forecast period. The need for increasing data bandwidth across various end-use verticals overtime along with surge of streaming high-definition video content drives the market growth.

Contact Us:

Mr. Venkat Reddy

IndustryARC

Email: [email protected]

USA: (+1) 518-282-4727

Web: https://www.industryarc.com

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Contact Information:

Mr. Venkat Reddy IndustryARC Email: [email protected] USA: (+1) 518-282-4727



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