The main factors attributed to the growth of the industry are the growing requirement for cutting-edge architecture in consumer electronics; increasing trend of electronic devices miniaturization; growing use of smartphones, tablets, and gaming devices; and rising investments in China.
Based on the packaging platform, flip-chip accounts for a considerable share in the market. It has a lot to do with the use of this platform in the smartphones.
TSV also made inroads into memory packaging; and this experienced a highest rate of growth in the industry. TSV is employed in high-bandwidth memory devices for addressing the requirement for high computing performance and low latency in a number of applications.
Browse detailed report - APAC Memory Packaging Market Analysis and Demand Forecast Report
With the increasing acceptance of SiP solutions in mobile applications, the requirement for FOWLP is increasing, which is offering growth prospects to the market players.
Expansion of the multi-level FOWLP technology is enticing investments from a number of industries, such as consumer electronics, healthcare, and automotive, in the industry.
It is because of the increasing trend for miniaturization of devices, the demand for memory packaging in the APAC, will continue to grow in the years to come.
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