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Semiconductor Assembly And Testing Services (SATS) Market size is set to grow by USD 19.31 billion from 2024-2028, Rising sales of IoT devices to boost the market growth, Technavio

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NEW YORK, July 17, 2024 /PRNewswire/ — The global semiconductor assembly and testing services (SATS) market size is estimated to grow by USD 19.31 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 6.59% during the forecast period. Rising sales of IoT devices is driving market growth, with a trend towards advances in SATS. However, intense competition in sats industry poses a challenge. Key market players include Amkor Technology Inc., Aptasic SA, ASE Technology Holding Co. Ltd., ChipMOS TECHNOLOGIES INC., DPA Components International, Flexitallic Group, Formosa Advanced Technologies Co. Ltd., GlobalFoundaries Inc., Jiangsu Changdian Technology Co. Ltd., King Yuan Electronics Co. Ltd., Koninklijke Philips N.V., Micross Inc., Ose Corp., Powertech Technology Inc., Rochester Electronics LLC, Teledyne Technologies Inc., Tianshui Huatian Technology Co. Ltd., Unisem M Berhad, UTAC Holdings Ltd., and Walton Advanced Engineering Inc..

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Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Application (Communication, Computing and networking, Industrial, Consumer electronics, and Automotive electronics), Service Type (Assembly services and Testing services), and Geography (APAC, North America, Europe, South America, and Middle East and Africa)

Region Covered

APAC, North America, Europe, South America, and Middle East and Africa

Key companies profiled

Amkor Technology Inc., Aptasic SA, ASE Technology Holding Co. Ltd., ChipMOS TECHNOLOGIES INC., DPA Components International, Flexitallic Group, Formosa Advanced Technologies Co. Ltd., GlobalFoundaries Inc., Jiangsu Changdian Technology Co. Ltd., King Yuan Electronics Co. Ltd., Koninklijke Philips N.V., Micross Inc., Ose Corp., Powertech Technology Inc., Rochester Electronics LLC, Teledyne Technologies Inc., Tianshui Huatian Technology Co. Ltd., Unisem M Berhad, UTAC Holdings Ltd., and Walton Advanced Engineering Inc.

Key Market Trends Fueling Growth

The semiconductor assembly and testing services (SATS) market has experienced significant growth due to advancements in chip packaging technologies. One such innovation is 3D IC packaging, which allows for miniaturized ICs and the stacking of intelligence centers, addressing space constraints. Organic-substrate-interposer technology is also popular due to its cost-effectiveness. Another technology, TSV or silicon-via-interconnection, is used for creating 3D packages and integrated circuits, offering increased circuit compression, performance, and volume efficiency. TSVs are also utilized in complementary metal-oxide semiconductor (CMOS) image sensors to remove wire bonds and create high-density interconnects. These factors are expected to fuel the expansion of the global SATS market in the coming years. 

The Semiconductor Assembly and Testing Services (SATS) market is experiencing significant trends in the electronics industry. With the rise of network connectivity, there’s an increasing demand for semiconductor components in smart homes, smart television sets, smartphones, tablets, telecommunication, and 5G technologies. Outsourcing SATS to service providers ensures operational efficiency and cost savings. Packaging technologies, such as wire bonding and 3D semiconductor assemblies, are crucial for manufacturing power-efficient devices and portable electronics. The paradigm shift towards advanced packaging technologies, like fan-out wafer level packaging, is essential for enhancing product quality and reliability. Semiconductor manufacturing faces process complexity and resistance to safety systems, necessitating prudence and flexibility from service providers. Reliability testing, including thermal cycling and burn-in testing, is crucial for certifications in the communication industry and automotive electronics. Semiconductors, chip design, chipsets, and chipsets (ICs) are at the core of these trends. As the industry evolves, semiconductor manufacturing in wafer fabrication factories must adapt to meet the demands of the market, ensuring quality and reliability in 5G technologies, 5G wireless networks, and accelerated stress testing. Cloud services are also becoming increasingly important in semiconductor manufacturing and testing processes.

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Market Challenges

The Semiconductor Assembly and Testing Services (SATS) industry is highly competitive and asset-intensive, with consolidation among players leading to improved cost performance but increased competition due to shortening product lifecycles and rapid technological advances. Energy prices and volatile commodities pose additional challenges. Most SATS businesses are based in emerging economies, where labor costs are low but advanced manufacturing techniques are limited. Lean manufacturing and IoT implementation are common in front-end silicon wafer manufacturing but not yet widespread in backend SATS. The top five SATS companies account for over half the industry revenue, leaving smaller players at a disadvantage due to lower economies of scale and high R&D costs. The entry of pure-play foundries and IDMs, such as Intel, Samsung, and TSMC, into the SATS market may intensify competition. These factors may hinder the growth of the SATS market during the forecast period.The Semiconductor Assembly and Testing Services (SATS) market faces several challenges in today’s technology landscape. With the rise of 3D semiconductor assemblies and the implementation of 5G technologies in communication and computing industries, there is a growing demand for advanced packaging technologies. SATS providers must adapt to meet the needs of automotive electronics and systems, requiring certification for emission reduction and fuel efficiency. Chip design and fabrication for IC chipset assembly, including die preparation and encapsulation, must keep up with the demands of the consumer electronics, entertainment systems, and the Internet of Things markets. SATS providers must also ensure electrical characterization, conductivity testing, and environmental testing to meet industry standards. Moreover, the integration of 5G wireless networks and mobile devices necessitates accelerated stress testing for low thermal ratings and high data transfer speeds. The use of metals, conductors, and insulators in semiconductor manufacturing also adds complexity to the process. SATS providers must stay updated with the latest certifications, certifications, and industry trends to remain competitive in the market. Additionally, the growing importance of cloud services and the integration of electrification in various industries will further expand the scope of SATS services.

For more insights on driver and challenges – Download a Sample Report

Segment Overview

This semiconductor assembly and testing services (sats) market report extensively covers market segmentation by

Application 1.1 Communication1.2 Computing and networking1.3 Industrial1.4 Consumer electronics1.5 Automotive electronicsService Type2.1 Assembly services2.2 Testing servicesGeography 3.1 APAC3.2 North America3.3 Europe3.4 South America3.5 Middle East and Africa

1.1 Communication- Semiconductor Assembly and Testing Services (SATS) play a vital role in the communication segment by delivering top-notch semiconductor components and services for the production of communication devices. In the communication industry, semiconductor components such as Integrated Circuits (ICs), power amplifiers, and filters are essential for signal amplification, filtering, and modulation, which are fundamental for data and voice-over network transmission. SATS contribute significantly to the manufacturing process of communication devices, including smartphones, radios, modems, and routers, by providing necessary components and testing services to ensure they meet the desired quality and performance standards. Moreover, communication devices must adhere to regulatory bodies’ guidelines, such as the Federal Communications Commission (FCC) and the International Organization for Standardization (ISO). SATS offer testing and certification services to ensure these devices meet safety, performance, and quality requirements. SATS also cater to the customization needs of communication device manufacturers by designing customized ICs and modifying existing components for optimal performance. Quality assurance is another critical aspect of SATS, ensuring communication devices meet rigorous testing and quality processes, including durability, reliability, and functionality checks. The communication segment’s growth in Internet of Things (IoT) and wireless communication technology implementation necessitates SATS’ support. SATS provide components, such as ICs, sensors, and modules, that enable these technologies and offer testing services to ensure their proper functioning and compliance with standards. These factors are expected to drive the expansion of the global SATS market through the communication segment during the forecast period.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2018 – 2022) – Download a Sample Report

Learn and explore more about Technavio’s in-depth research reports

The global semiconductor market is experiencing robust growth, driven by demand in consumer electronics, automotive, and telecommunications sectors. The global Front End of the Line Semiconductor Equipment market is pivotal, providing essential tools for wafer fabrication and processing. Meanwhile, the global Semiconductor Fabrication Software market is crucial for designing, simulating, and managing semiconductor manufacturing, enhancing efficiency and yield. Together, these markets are integral to the advancement of semiconductor technology, catering to the increasing need for high-performance and miniaturized electronic components across various industries.

Research Analysis

The Semiconductor Assembly and Testing Services (SATS) market encompasses various processes that ensure the production of high-quality semiconductor devices. These services include conductivity testing, which measures the resistance of conductors and insulators in semiconductor materials. Advanced packaging technologies are crucial in SATS, enabling the integration of various components, including integrated circuits and chipsets, into power-efficient devices. SATS plays a vital role in the manufacturing of semiconductors for diverse applications, such as mobile devices, Internet of Things, automotive electronics, and advanced technologies like 5G and cloud services. Quality and reliability are paramount in SATS, with rigorous electrical characterization and environmental testing ensuring optimal performance. Metals and their properties also play a significant role in SATS, as they are used as conductors and insulators in semiconductor manufacturing. The electrification trend and the development of 3D semiconductor assemblies further expand the scope of the SATS market.

Market Research Overview

The Semiconductor Assembly and Testing Services (SATS) market encompasses various processes and services that support the production of semiconductor devices. These services include 3D semiconductor assemblies, which involve the integration of multiple semiconductor layers to create complex structures. SATS plays a crucial role in the manufacturing of advanced packaging technologies for industries such as automotive electronics, consumer electronics, and the communication and computing industries. 5G technologies are driving the demand for SATS, with the need for high-speed data transfer and low latency. SATS providers offer services like burn-in testing, electrical characterization, and reliability testing to ensure the quality and reliability of semiconductor components. SATS also includes fabrication processes like wafer fabrication and IC chipset assembly, as well as packaging technologies like encapsulation and conductivity testing. The market caters to various industries, including automotive systems, industrial, and the entertainment industry, among others. SATS providers offer outsourcing services, enabling companies to focus on their core competencies while ensuring operational efficiency and cost savings. The market is subject to industry standards and certifications, with a paradigm shift towards power-efficient devices and wearable electronics. SATS services include emission reduction, thermal cycling, and environmental testing, ensuring that semiconductor components meet safety and reliability requirements. The market is characterized by prudence and flexibility, with service providers adapting to the evolving needs of their clients.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ApplicationCommunicationComputing And NetworkingIndustrialConsumer ElectronicsAutomotive ElectronicsService TypeAssembly ServicesTesting ServicesGeographyAPACNorth AmericaEuropeSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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MESCIUS Launches Spread .NET v18

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PITTSBURGH, Jan. 10, 2025 /PRNewswire/ — MESCIUS inc., a global provider of award-winning enterprise software development tools, is pleased to announce the Spread .NET v18 release. The highlights of Spread .NET v18 include exciting features, such as enhanced PDF output quality, a new WPF spreadsheet, copying skip invisible ranges, and more. These features expand developers’ capabilities within their .NET applications when building high-performance enterprise spreadsheets. Spread .NET v18 is now available as an upgrade for existing customers and a download for new customers on the MESCIUS website.

Spread.NET v18 launches with a new WPF version, improved PDF saving (with higher resolution), and much more.

With Spread .NET v18, saving .NET spreadsheets to PDF delivers higher resolution and improved image quality, in line with Excel-compatible printing features. Rich text, flat style modes, transparent shapes, and header/footer images are better rendered, providing professional-grade PDF outputs. Read the release announcement to learn more about the enhanced PDF output quality in Spread .NET v18.

This latest release introduces an all-new WPF spreadsheet component version with significant enhancements, including iterative calculations, dynamic arrays, advanced charting, and external data integration. This update sets the stage for continued WPF innovations in future releases. Visit the website to get started with Spread .NET’s new WPF spreadsheet version.

In Spread .NET v18, users can copy cell ranges while excluding hidden rows and columns. To streamline operations in spreadsheets with filtered or hidden data, enable the RichClipboard and CopySkipInvisibleRange properties. Learn how to get started with this Spread .NET v18 release feature.

“We just released Spread .NET v18, which included some big features like enhanced PDF export and a brand new WPF Spreadsheet version, providing a few calculation enhancements, a new chart engine, and a formula text box,” said Product Manager Kevin Ashley. “These features can help enhance your applications with more Excel-like capabilities in both WinForms and WPF.”

About MESCIUS inc.: MESCIUS inc. is one of the world’s largest providers of developer components. The company retains 400 employees and hundreds of thousands of customers worldwide. MESCIUS inc. is committed to providing enterprises around the world with state-of-the-art developer tools and components, software services, and solutions. For more information, visit https://developer.mescius.com.

All product and company names herein may be trademarks of their respective owners.

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Puneet Shivam Appointed CEO of Right Skale Inc, a global Data and Cloud Services Company

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Right Skale Inc, a native AI-powered data services company, announces the appointment of Puneet as Chief Executive Officer marking the next phase in the company’s development.

PLEASANTON, Calif., Jan. 10, 2025 /PRNewswire-PRWeb/ — Right Skale announces that Puneet Shivam will join as a Co-founder and Chief Executive Officer, marking a strategic move to accelerate Right Skale’s transformation into a global AI-enablement leader.

“Right Skale is uniquely positioned, and our vision is clear – become the premier AI enablement partner of choice by 2030”, says Puneet Shivam on joining as a co-founder of Right Skale.

Puneet joins from Avendus Capital Inc, where he served as CEO and Managing Director, leading the Enterprise Technology & Services practice. In this role he enabled numerous emerging technology services organizations in scaling up and in value realization. Prior to Avendus, Puneet was instrumental in establishing Inductis (now EXL Analytics) into one of the first and highly reputed data analytics company, delivering high impact analytics initiatives across Fortune 500 companies.

A Winning Partnership. Amit Shah, Founder, commented: “Puneet’s leadership accelerates our mission of helping enterprises achieve their business goals through AI-enabled data services. His experience in growing global businesses and his deep industry relationships will be invaluable.”

“We partner with clients to unlock value through AI-powered solutions. By combining deep technology expertise with business understanding, we help enterprises enhance customer experiences, optimize operations, and drive growth. I am excited to join hands with Amit and the team,” says Puneet Shivam. “Right Skale is uniquely positioned, and our vision is clear – become the premier AI enablement partner of choice by 2030”

About Right Skale:

Right Skale is an AI-enabled technology services company helping enterprises navigate digital transformation through data and cloud innovation. Our mission is to empower businesses to thrive in the AI era. The company’s approach focuses on practical AI implementation – experimenting, validating, and scaling solutions that deliver measurable business outcomes. Through strategic partnerships with leading cloud and data technology providers, Right Skale helps clients build future-ready digital capabilities. For more info, please email us at info@rightskale.com www.RightSkale.ai & www.RightSkale.com

Media Contact

HR, Right Skale Inc, 1 (408) 658-0779, info@rightskale.com, www.RightSkale.ai

HR, Right Skale, info@rightskale.com, www.RightSkale.ai

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Pensions & Investments and NAIC Announce Alliance to Support Diverse Asset Managers

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WASHINGTON, Jan. 10, 2025 /PRNewswire/ — The National Association of Investment Companies (NAIC), the industry association and largest network of diverse-owned alternative investment firms, and Pensions & Investments (P&I) have entered into a multi-year alliance designed to promote objectives related to increasing diversity and inclusion in the institutional investment industry. 

Through this alliance, NAIC and P&I will work together to advance the pool of diverse talent within the private markets by growing the assets allocated to diverse-owned and managed firms through investor-facing education and resources. They will collaborate to develop and publish thought leadership content related to the impact diverse-owned firms have on the industry and the economy. NAIC member firms will benefit from access to the P&I Research Center, which provides insights including current and historical data, key contact information for institutional investors, market intelligence, trend analysis, competitive benchmarking and more.

“Pensions & Investments is pleased to partner with NAIC to shine a spotlight on some of the innovative and great work being done by diverse- and woman-owned firms in the alternatives space. There is increased interest in how to leverage alternative assets across the institutional investment and retirement landscape, and we’re looking forward to sharing data, insights and content that can amplify the voices represented by NAIC member firms,” says Nikki Pirrello, President and Publisher, Pensions & Investments. “Our audience is hungry for information on effective investment strategies and high-performing managers, and we believe this partnership will allow us to continue to expand our universe of those we are covering.”

By joining forces, NAIC and P&I will raise awareness of the diverse- and woman-owned alternative investment firms that drive growth in every major industry sector. “We are excited that Pensions & Investments, a leading voice in investment management, shares NAIC’s goal of increasing diversity and inclusion in the institutional asset management industry,” says Robert L. Greene, NAIC’s President & CEO. “We look forward to the opportunities this alliance will provide our members to identify trends and share insights in order to increase the flow of capital to high-performing diverse investment firms from pensions and other investment managers.”

About the National Association of Investment Companies
With more than 54 years of advocacy and performance, the National Association of Investment Companies (www.naicpe.com) is the trade association and largest network of diverse- and women-owned alternative investment firms. NAIC’s membership comprises more than 190 diverse-owned alternative investment firms that collectively manage over $460 billion in assets under management. NAIC member firms invest with more than 2,200 portfolio companies globally and consistently generate superior returns that help fuel the growth of the retirement and asset management industries. www.naicpe.com

About Pensions & Investments
With unmatched integrity and professionalism, Pensions & Investments consistently delivers news, research and analysis to the executives who manage the flow of funds in the institutional investment market. Since its founding in 1973, this continues to be the mission of Pensions & Investments, the international newspaper of money management. Written for pension, portfolio and investment management executives at the hub of this market, Pensions & Investments provides its audience with timely and incisive coverage of events affecting the money management business. Written by a worldwide network of reporters and correspondents, Pensions & Investments’ coverage includes business and financial news, legislative reports, global investments, product development, technology, investment performance, executive changes, corporate governance and other topics crucial to the people who drive the world of professional money. Pensions & Investments is owned by Crain Communications Inc. www.pionline.com

CONTACT:
Kristen Perlman
Vice President, Marketing and Insights
National Association of Investment Companies
kperlman@naicpe.com

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SOURCE National Association of Investment Companies

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