Advanced Packaging Market Worth $55B, Globally, by 2028 at 8% CAGR

The advanced packaging market to grow at a CAGR of 8% to reach $55 billion by 2028 from ~$30 billion in 2020. The advanced packaging market growth is driven by the innovations in packaging technology, miniaturization of devices, and increasing adoption of MEMS. The advanced packaging technology to hold more than 60% share in semiconductor packaging market by 2030. The Insight Partners added latest research study titled as, “Advanced Packaging Market Size, Share, Revenue, Growth, Global Analysis and Forecast to 2028”. According to the report, the Advanced Packaging Technologies to Contribute Significantly to Economic Recovery of Semiconductor Industry. Foundries, substrate/PCB suppliers, and EMS/DM Players, etc., operating with different business models entering packaging business.