The Asia Pacific region dominated the global semiconductor assembly and testing services market in 2022, followed by North America, Europe, Latin America, Middle East and Africa.
Figure 1: Global Semiconductor Assembly and Testing Services Market Share (%), By Region, 2022
Asia Pacific is in the best position to lead the market due to the existence of leading players across China, Taiwan, Japan, India, and other countries. In addition, in 2021, the Semiconductor Industry Association (SIA) stated that 80.0% of semiconductor assembly and test operations and foundries are concentrated in Asia, fueling market growth. The growing automotive industry is one of the key factor that drive the semiconductor assembly and testing services market growth across the region. China is one of the biggest semiconductor markets across the globe. In July 2021, the Semiconductor Industry Association (SIA) stated that China produces 36.0% of the world’s electronic devices including computers, cloud services, and others, and it is the second largest final consumption market after only the U.S. for electronic devices embedded with semiconductors.
Semiconductor Assembly And Testing Services Market Report Snapshots
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