March 19, 2019 by Steve Blade
According to the report by Fact.MR, the organic substrate market is expected to experience steady growth, registering 5.6% CAGR during the forecast period 2017-2026. The global organic substrate market is also estimated to bring in US$ 13,438.1 million revenue towards the end of 2026. Organic substrates are being used on a large scale as a base material in semiconductor manufacturing and application. Most of the organic substrate are manufactured using PCB technology. Hence, an organic substrate has good CTE match with PCB. Organic substrates are witnessing significant demand by the majority of area array packages. Following are the key insights on how the global organic substrate market will perform in the coming years.
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The global organic substrate market, the report by Fact.MR provides an in-depth analysis and segment-wise analysis along with the forecast. The global organic substrate market has been segmented on the basis of substrate type, technology, application, and region. This segment-wise analysis is coupled with a detailed country-wise forecast which is provided on all the key parameters of the global organic substrate market.
North America is also expected to witness growth due to the presence of the major technology companies and rapid adoption of advanced technology in developing smartphones and flat panel displays.
Tape substrate is expected to be the largest substrate type in the global organic substrate market during 2017-2026. Tape substrate is estimated to bring in nearly US$ 9,200 million revenue by the end of 2026.
Small outline packages are expected to witness the highest growth in the organic substrate technology segment. By the end of 2026, small outline packages are estimated to bring in close to US$ 4,500 million revenue.
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Compared to the rigid substrate, tape substrate is likely to gain the highest revenue share between 2017 and 2026. Tape substrate is projected to account for more than half of the revenue share by 2017 end and also likely to surpass US$ 9,100 million revenue. Due to their flexibility tape substrates are being used in various consumer electronics.
Small outline packages is likely to emerge as one of the highly preferred technologies in the global market for organic substrate. By 2026 end, small outline packages (SOP) are projected to surpass US$ 4,400 million revenue. There has been an increasing demand for fine integrated circuit packages as these small outline packages minimize total volume consumed by memory components. Most of the small outline packages have pin spacing less than 1.27 mm.
The report also profiles companies that are expected to remain active in the expansion of global organic substrate market through 2026, which include Kyocera, Shinko, Mistubishi Electric, Qualcomm Technologies, STMicroelectronics, Amkor Technology, Henkel AG, Sumitomo Chemical Co. Ltd., BASF, Dow Chemicals, Samsung Electronics, and Hitachi Chemical.
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