WLCSP Electroless Plating Market to Generate $2.88 Bn at 5.9% CAGR by 2027, Globally: Says AMR
Allied Market Research
7 min read
Allied Market Research
The global WLCSP electroless plating market is driven by rising need for micro electric devices and circuit miniaturization and increase in demand for WLCSP electroless plating against traditional plating due to better shielding properties.
Wilmington, Delaware , Nov. 13, 2023 (GLOBE NEWSWIRE) -- Allied Market Research published a report, titled, "WLCSP Electroless Plating MarketBy Type (Nickel, Copper, and Composite), and End-Use (Automotive, Electronics, Aerospace, Machinery, and Others): Global Opportunity Analysis and Industry Forecast, 2020-2027". According to the report, the global WLCSP electroless plating industry hit $1.77 billion in 2019, and is anticipated to generate $2.88 billion by 2027, growing at a CAGR of 5.9% from 2020 to 2027.
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The global WLCSP electroless plating market is driven by rising need for micro electric devices and circuit miniaturization and increase in demand for WLCSP electroless plating against traditional plating due to better shielding properties. In addition, growing demand for WLCSP electroless plating from the healthcare industry and aerospace verticals offers lucrative opportunities in the coming years. However, fluctuation in prices of raw material and sluggish growth of the semiconductor industry hamper the market growth.
Report Coverage & Details:
Report Coverage
Details
Forecast Period
2020 to 2027
Base Year
2019
Market Size in 2019
$1.77 Billion
Market Size in 2027
$2.88 Billion
CAGR
5.9%
No. of Pages in Report
197
Segments covered
Technology, Application, End User and Region.
Drivers
Impending need for circuit miniaturization and micro electric devices WLCSP electroless plating provides better shielding as against traditional plating process Cost-effectiveness of WLCSP electroless plating
Opportunities
Increase in demand for WLCSP electroless plating in aerospace and healthcare industry vertical
Restraints
Slow-paced growth of the semiconductor industry Volatility of the prices of raw materials
The Electronics Segment to Maintain Its Leadership Status in terms of Revenue throughout the Forecast Period
On the basis of end use, the electronics segment held more than three-fifths of the total share of the global WLCSP electroless plating industry in 2019, and is estimated to maintain its lead trail in terms of revenue throughout the forecast period. This is owing to the growing need for advanced packaging in the electronics industry. However, the automotive segment is expected to garner the fastest CAGR of 8.4% from 2020 to 2027. This is attributed to the increase in adoption of advanced driver-assistance systems (ADAS), electrification of vehicles, and surge in demand for microcontrollers in the automotive industry.
The Nickel Segment to Maintain Its Leadership Position during the Forecast Period
On the basis of type, the nickel segment contributed to more than half of the total share of the global WLCSP electroless plating market in 2019, owing to the properties of electroless nickel plating for WLCSP such as corrosion resistance, water resistance, chemical hardness, chemical purity, and ductility, which is useful for the protection of automotive and aerospace components. However, the composites segment is estimated to hit the fastest CAGR of 7.3% from 2020 to 2027, owing to advantages of electroless composites plating for WLCSP such as hardness, durability, thermal advantages, electrical conductivity, tensile strength, and conductivity, which makes it a suitable component for use in electronic components.
Asia-Pacific to Maintain Its Dominance By 2027
On the basis of region, the Asia-Pacific region contributed to the highest share based on revenue, accounting for more than two-thirds of the total share of the global WLCSP electroless plating market in 2019, and is expected to maintain its dominant position throughout the forecast period. In addition, this region is projected to show the fastest CAGR of 6.5% from 2020 to 2027. The availability of high-end technologies, surge in demand for smart electronics, and growth in manufacturing industries across the region drive the segment.
As per the WLCSP electroless plating market outlook, this report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the WLCSP electroless plating market analysis from 2022 to 2032 to identify the prevailing WLCSP electroless plating market opportunities.
The WLCSP electroless plating Market Forecast research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the WLCSP electroless plating market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global WLCSP electroless plating market trends, key players, market segments, application areas, and WLCSP electroless plating Market growth strategies.
WLCSP Electroless Plating Key Segments:
By Type
Nickel
Low phosphorus
Medium phosphorus
High phosphorus
Copper
Composites
By End Use
Automotive
Electronics
Aerospace
Machinery
Others
By Region
North America (U.S., Canada, Mexico)
Europe (Germany, UK, France, Spain, Italy, Rest of Europe)
Asia-Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific)
LAMEA (Brazil, Saudi Arebia, United Arab Emirates, South Africa, Rest of LAMEA)
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