According to a new market report by Lucintel, the future of the global organic substrate market looks promising with opportunities in the mobile phone, FPD, and other consumer electronics industries. The global organic substrate market is expected to decline in 2020 due to global economic recession led by COVID-19. However, the market will witness recovery in the year 2021 and it is expected to grow with a CAGR of 6% from 2020 to 2025. The major drivers for this market are a growing demand of organic substrates in mobile phones and high demand for organic substrates for packaging materials in system configuration and integration.
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In this market, rigid substrate and tape substrate are the two substrates used. Lucintel forecasts that the tape substrate will remain the largest segment over the forecast period as flexibility tape substrates are being used in various consumer electronics.
Within this market, mobile phones are expected to remain the largest application segment during the forecast period due to growth of ultra-thin smartphones.
Asia-Pacific will remain the largest region and it is also expected to witness the highest growth over the forecast period due to growth of smartphones.
Ajinomoto Group, Amcor, ASE Kaohsiung, Mitsubishi Gas and Chemical, SPIL, and STATS ChipPAC are among the major manufacturers of the global organic substrate market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global organic substrate market by technology, substrate type, application, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global Organic Substrate Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global organic substrates market by technology, substrate, application, and region as follows:
By Technology [$M shipment analysis for 2014 – 2025]:
SO packages
GA packages
Flat No-leads packages
DIP
QFP
Others
By Substrate [$M shipment analysis for 2014 – 2025]:
By Application [$M shipment analysis for 2014 – 2025]:
By Region [$M shipment analysis for 2014 – 2025]:
United States
Canada
Mexico
China
Japan
India
South Korea
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.