Advanced Semiconductor Packaging Market: Top Companies, Trends and Future Prospects Details for Business Development

Semiconductor packaging provides protection to substrate and wafer. The materials used in packaging semiconductor are metal, plastic, ceramic or glass. However, manufacturers have started using some of the advanced semiconductor packaging technologies such as flip-chip, Fan-Out Wafer-Level Packaging (FO-WLP), Fan-In Wafer-Level Packaging (FI-WLP) and 2.5D and 3D packaging. Although 2.5D technology emerged as a bridge technology between 2D and 3D ICs, it has evolved as largely used package solution alongside 3D ICs. The demand for 3D packaging is increasing due to constantly evolving wearable and portable devices, and rapid development of electric vehicles. Also, High-Bandwidth Memory (HBM) technology is which is already implemented in 2.5D packaging is also expected to improve the power efficiency of IC packages.

Top three emerging trends that are contributing towards the growth of the advanced semiconductor packaging market are the integration of semiconductor in vehicles, changes in the size of wafer, and increasing number of companies moving towards mergers and acquisitions. Increasing demand for automation in vehicles is resulting in the need for semiconductor devices of small size, thus driving the demand for advanced semiconductor packaging solution in the automotive sector.  Increasing number of merger and acquisitions are taking place in the semiconductor packaging market. New companies are also using M&A route to compete in already highly competitive market.  

Major companies currently active in the global advanced semiconductor packaging market are ASE Group, Kyocera, Avery Dennison, Sumitomo Chemical Co. Ltd., Infineon, STMicroelectronics, Hitachi Chemical, Amkor Technology, AMD, and Intel Corp.

Global Advanced Semiconductor Packaging Market to Witness Significant Growth during the Forecast Period

As per the report by Transparency Market Research (TMR), the global advanced semiconductor packaging market is expected to witness strong growth, registering a CAGR of 10.9% during 2017-2026. The global advanced semiconductor packaging market is also estimated to reach US$ 67,208.2 million revenue by 2026 end.

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The global advanced semiconductor packaging market is segmented into application, packaging type, end user, and region. Based on the packaging type, the market is segmented into 2.5D/3D, Flip Chip (FC), Fan-In Wafer-Level Packaging (FI WLP), and Fan-Out Wafer-Level Packaging (FO WLP). Flip Chip (FC) is expected to witness the highest growth during the forecast period.

By application, Central Processing Units/Graphical Processing Units are anticipated to witness significant growth during 2017-2026.

End Users are further segmented into consumer electronics, medical devices, aerospace and defense, automotive, telecommunications, and other end users. Among these, consumer electronics are expected to be the largest users of advanced semiconductor packaging during the forecast period.

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APEJ to Remain Dominant in the Global Advanced Semiconductor Packaging Market

Asia Pacific Excluding Japan (APEJ) is likely to dominate the global advanced semiconductor packaging market from 2017 to 2026. Presence of the major market players in the region is one of the factors driving the market growth. Companies are also investing in countries such as China to develop research and development facility and chip packaging manufacturing facilities. As emerging economies such as China are focusing more on advanced technologies, 2.5D IC and 3D ICs are being used on a large scale for chip packaging. Also, low labor cost and availability of cheap raw material are leading towards the significant growth of advanced semiconductor packaging market.

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Automated Guided Vehicle Market: High-growth Regions to Expand Geographic Footprint 2020-2027

According to the report, the global automated guided vehicle market is projected to reach ~US$ 4 Bn by 2027, expanding at a CAGR of ~14% during the forecast period, owing to an increase in the demand for automation in material handling and improved safety standards in manufacturing facilities and workplace. The automated guided vehicle market is highly technology driven, and original equipment manufacturers are strongly focused on enhancing the capabilities of their existing product portfolios

Expansion of Automated Guided Vehicle Market

Rising need for automation in material handling processes across various industries is a key factor that is propelling the automated guided vehicle market. Increasing demand for intelligent and customized AGVs and expansion of the manufacturing industry coupled with rapid expansion of e-commerce are offering significant opportunities to the market.

Penetration of AGVs is rising in the material handling and management industry. Furthermore, they are also being extensively utilized in several industries such as retail, manufacturing, healthcare, logistics, food & beverage, and aerospace. AGVs are employed in various areas across a facility including assemble, kitting, transportation, warehousing, staging, order picking and transferring load to support processing and handling. The use of AGVs helps eliminate risks arisen due to handling of materials manually. AGVs improve safety at the workplace, while optimizing the speed of the operation.

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e-Commerce companies are adopting automated guided vehicles as a key component in their growth and expansion, as AGVs can reduce their processing time. Expansion of e-Commerce industries are likely to offer significant opportunity to AGV manufacturers. Moreover, when it comes to retail, e-Commerce is the fastest distribution channel, and it is no longer restricted to developed markets of the U.S. and Europe. It has become a global phenomenon with high market penetration in APAC. Therefore, expansion of e-commerce and use of AGVs by e-Commerce players are projected to further offer considerable opportunities to the global AGV market.

Automated Guided Vehicle: Market Segmentation

Based on end use, the automotive segment held a leading share, owing to increased use of automated guided vehicles by auto manufacturers and auto part manufacturers. Adoption of automated guided vehicles enables auto manufacturers to lower production cycle time and help optimize the manufacturing process. In terms of type, the tugger AGVs segment is expected to hold a leading share of the global market during the forecast period. Tugger automated guided vehicles, or towing vehicles, were one of the first type of AGVs introduced, and they are still highly popular. These AGVs can pull a multitude of trailer types and non-driven carts, which are charged with loads either automatically or manually. Tugger AGVs are highly productive, since they are capable of carrying more load than other type of AGVs. Tugger AGVs are highly efficient and have high load carrying capacity, as compared to that of conventional forklift trucks.

Regional Analysis of Automated Guided Vehicle Market

In terms of region, the global automated guided vehicle market has been segregated into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Rise in the adoption of advanced technology coupled with a rise in purchasing power in developing countries is expected to boost the demand for automated guided vehicles in Asia Pacific and South America. These regions offer significant opportunities to the global market.

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Key Players in Automated Guided Vehicle Market

Prominent companies operating in the automated guided vehicle market include Dematic GmbH & Co. KG, Toyota Industries Corporation, Swisslog Holding AG, Egemin Automation Inc., Oceaneering AGV Systems, Bastian Solutions LLC, Hyster-Yale Materials Handling Inc., JBT Corporation, E&K Automation GMBH, Seegrid Corporation, AGVE Group, Transbotics, Jungheinrich AG, Daifuku Co., Ltd., and AMERDEN Inc.

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Autonomous Trains Market: High-growth Regions to Expand Geographic Footprint 2020-2027

Transparency Market Research has released a new market report titled “Autonomous Trains Market By Grade : GoA1, GoA2, GoA3 & GoA4 By Train Type: Passenger Trains and Freight Trains, Based on Europe, Asia & Pacific, North America, Middle East & Africa, and Latin America Regions- Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2027.” According to the report, the global autonomous trains market was at 8,000 Km in 2018 and is projected to surpass 29,000 Km by 2028 at a CAGR of around 13% from 2018 to 2027.

Autonomous trains are the further step to future transportation system. The global demand of autonomous train market is rising at a lightning pace as the total driverless underground or over ground trains are becoming realistic in several developed nations around the globe. During the forecast period, railway system will be the most productive and efficient mean of transportation as there is an increase in demand for autonomous trains globally. In autonomous trains, the decision to run or stop is being decided by the train itself without an assistance of a driver in real time. In present-day metro and rail network, the train systems are connected with Automatic Train Control (ATC) that full fill the purpose of speed control mechanism. Autonomous trains are also equipped with ATP (Automatic Train Protection) that is a type of train protection system that performs the purpose of speed restriction and as well as have the ability to automatic stop at signals. This novel generation of automated trains has enormous impact on the railway system and is likely to expand the demand of this technology. Thus acquisition of autonomous train operation is likely expected to boost the market growth during the forecast period 2018-2027.

According to the UN Department of Economics and Social Affairs, urban areas would account for more than 60% share of the total world population by the end of the forecast period. This drives the need for autonomous trains which can provide key solutions to keep rail passenger traffic and congestion under control. There is an increasing trend of urbanization in developing countries due to job requirements which is driving the hub and spoke scenario in major cities. People from small cities/towns are migrating to industrialized metropolitan cities to grab job opportunities which is anticipated to drive the transit demand and in turn boost the autonomous trains market. By 2025, 35% of the world’s population is expected to move to middle class, which in turn, is anticipated to improve the volume of travelers and the choice of mode of travel. Demographic and economic shift are projected to result in new global order for rail transport solutions such as autonomous trains.

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Increasing demand for safe travel is anticipated to drive the autonomous trains market as they minimize or eliminate the accidents caused by human error. Autonomous trains use a range of sensors which constantly monitor the surroundings of the train. These trains have advanced features such as automatic track identification system, infra-red collision system, and automatic fire detection & breaking system. These advanced features provide autonomous train with the capacity to reduce collision, deaths, and injuries which is set to boost the demand of the autonomous trains.

Major applications of autonomous train market covered in report are passenger trains which also includes long distance trains, suburban, tram rails and mono rails, freight, and mining. The report has been segmented by automation type into four different categories such as GoA 1, GoA 2, GoA 3, and GoA 4. The type of train operation for Grade of Automation (GoA) or GoA 1 is Driver with ATP (Automatic Train Protection), for GoA 2 it is ATP and ATO with driver, for GoA 3 it is DTO (Driverless Train Operation), and for GoA 4 the type of train operation is UTO (Unattended Train Operation). These various grades of operation refer to different kinds of levels of automated operations of the train. The global autonomous train market has been further segmented geographically into North America, Europe, Asia-Pacific, Middle East and Africa and Latin America.

Autonomous train market has been on a growing stage throughout the forecast period. Autonomous trains will be one of the major trends to gain traction in this market in the upcoming years. In modern automation system of trains, train operations are controlled and monitored automatically with no driver on board. This autonomous technology and its application are penetrating in different spheres of the transport industry. Autonomous trains are equipped with sensors, high-powered cameras, GPS data, and onboard computer systems which are connected to the control rooms. The data collected from sensors enables the train to take decision by itself. The autonomous technology is expected to mount the speed of the trains that will raise the number of trains running per track. Thus autonomous trains are expected to be the future of rail transport system.

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Some of the major players in the autonomous trains market are Bombardier Transportation, Siemens AG, Alstom S.A., Thales Group, Ansaldo STS, Incheon Transit Corporation, Beijing Traffic Control Technology, China CNR Corporation Ltd among others.

Recent Development:

In February 2020, Alstom announced acquisition of Bombardier Transportation. Acquisition of Bombardier Transportation by Alstom is set to boost its market share globally. Bombardier Transportation has a strong expertise in rail industry and has a global footprint. Alstom is set to benefit by gaining access to new geographies and improvement in product portfolio.

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Automotive Steel Wheels Market: High-growth Regions to Expand Geographic Footprint 2020-2027

According to the report, the global automotive steel wheels market is projected to reach ~US$ 13.4 Bn by 2027, expanding at a CAGR of ~3% during the forecast period. The can be attributed to the increase in production of heavy commercial vehicles and rise in usage of vehicle on off-road conditions. Moreover, expansion of automotive steel wheels market can be ascribed to the rise in urbanization in conjunction with increased construction, road infrastructure developments, and mining activities. Furthermore, an increase in the demand for mobility and transport is projected to boost the sale of passenger and commercial vehicles, which is likely to propel the market.

Expansion of Automotive Steel Wheels Market

Demand for steel wheels is rising, as they are more affordable than their counterpart, i.e. alloy wheels. A steel wheel does not crack under intense loading or while driven on rough terrain. Furthermore, a dent or deformation of the steel wheel can be easily rectified by hammering the material. This makes the steel wheel highly suitable for driving on rugged or uneven terrain. Therefore, steel wheels are majorly adopted in commercial vehicle and passenger vehicle. Developments aimed at improving the performance of steel wheels, including weight reduction and invention of new coatings for enhancing corrosion resistance, are anticipated to propel the automotive steel wheels market globally. Furthermore, expansion of the manufacturing sector coupled with rapid infrastructure development, increasing logistics activities, and rising mining activities in order to cater to the increasing demand for raw material is driving demand for commercial vehicle worldwide, and these vehicles are a major market for steel wheels.

Development by key players and advancements in technology and materials used during the manufacturing of steel wheels are likely to propel the market during the forecast period. For instance, the steel wheel coating technology developed by EverSteel wheels extends life of wheels up to 5 years. This type of coating is sought by consumers to prolong the life of steel wheels of their vehicle. Based on OEM, the global automotive steel wheels market has been segmented into passenger vehicle and commercial vehicle. The passenger vehicle segment dominated the global automotive steel wheels market in 2019.

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Passenger vehicles are majorly purchased to fulfil consumers’ requirement for transportation, while commercial vehicle are utilized for construction, mining, logistics, and other purposes. This fuels the demand for more affordable and durable type of wheels, suitable for heavy duty and off-road and driving in more rugged conditions. This, in turn, is boosting the global automotive steel wheels market.

Regional Analysis of Automotive Steel Wheels Market

In terms of region, the global automotive steel wheels market has been segregated into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Asia Pacific dominated the market for 2019 owing to high production of vehicle in the region and rising demand for vehicle from developing countries including Malaysia, Thailand, and the Philippines.

The market in Europe and North America is anticipated to expand at a sluggish pace attributed to increased penetration of alloy wheels in the region. OEM manufacturers in the region are focused on the design and development of diverse alloy wheels. The market in Latin America and Middle East & Africa is projected to expand at a steady pace attributed to a rise in sales of used vehicle in Brazil, Argentina, Kenya, and Tanzania.

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Prominent players operating in the global automotive steel wheels market include Accuride Corporation, ALCAR WHEELS GMBH, Automotive Wheels Ltd, Central Motor Wheel of America, Inc., CLN Coils Lamiere Nastri SpA, Klassic Wheels Limited, MAXION Wheels, Steel Strips Group, THE CARLSTAR GROUP, LLC., Thyssenkrupp AG, TOPY AMERICA, INC., U.S. WHEEL CORP., and Yantai Baosteel Wheel Co.,Ltd.

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Decorative Car Accessories Market: Factors Helping to Maintain Strong Position Globally 2020-2030

The decorative car accessories market may gain substantial momentum across the forecast period of 2020-2030 on the back of the increasing sales of passenger cars. Car customization is garnering considerable attention among a large populace and thus, this aspect may bring expansive growth prospects for the decorative car accessories market.

The availability of attractive car accessories and the awareness about various benefits of accessories may invite profound growth for the decorative car accessories market during the forecast period. Car accessories add a smart look to the car. Some accessories are also helpful in protecting the car from certain damages. Therefore, these aspects may serve as prominent growth generators for the decorative car accessories market.

This report will offer ideal information on the various growth aspects etched to the global decorative car accessories market. The report scrutinizes every detail associated with the decorative car accessories market and is bifurcated in sub-categories such as competitive landscape, geographical assessment, and emerging trends.

The report also includes the pain points that will affect the growth of the decorative car accessories market. This information will make the stakeholder aware of the threat or disadvantage and will help him/her to design the strategy accordingly. The report also provides extensive data on the COVID-19 impact and its effect on the decorative car accessories market.

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Decorative Car Accessories Market: Competitive Assessment

The decorative car accessories market is can be classified as highly fragmented with a plethora of players trying to achieve a dominant position among the top players. Manufacturers in the decorative car accessories market strive to design accessories that not only increase the aesthetics of the car but also the comfort level of the individuals

Mergers and acquisitions are also an important component of the decorative car accessories market to strengthen growth. For instance, Hopkins recently acquired NuVue’s roadsport splash guards. Discounts and cashback on decorative car accessories also provide great growth opportunities for increasing sales.

Major players in the decorative car accessories market are Denso Corporation, Federal Mogul Corp., Magna International, Aisin Seiki Co. Ltd., Robert Bosch GmbH, Continental AG, Classic Design Concepts, Roush Performance Products Inc., and Sparco Motor Sports Inc.

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Decorative Car Accessories Market: Emerging Trends

The wave of sustainability has also reached the shores of the decorative car accessories market due to the heightened awareness about sustainability among the global populace. Consumers prefer green car accessories and the players are also banking on such products to increase the popularity among the consumer base.

Car seats made from eco-friendly materials like fibers of bamboo are gaining considerable momentum. These seats are not only favorable for the environment but also bacteria-resistant. More than 85 percent of materials in the seat covers of Audi A3 are made using plastic bottle recycling. Such developments bring good growth opportunities for the decorative car accessories market.

Pet-friendly car accessories are also laying a red carpet of growth for the decorative car accessories market. The growing number of pet adoption across various countries may serve as a prominent growth accelerator for the decorative car accessories market.

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Decorative Car Accessories Market: Geographical Dimensions

North America may acquire the largest growth-share. Increasing automotive sales due to many individuals avoiding public transport fearing the transmission of the novel coronavirus may serve as a significant growth factor for the decorative car accessories market.

Asia Pacific may also observe good growth due to the popularity of car accessories among a plethora of consumers. In addition, the rise in urbanization and increasing disposable income is further boosting the growth of the decorative car accessories market.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

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Pet Dietary Supplement Market: Consumption, Sales, Production, and Other Forecasts 2020-2027

Transparency Market Research delivers key insights on the global pet dietary supplement market. In terms of revenue, the pet dietary supplement market is estimated to expand at a CAGR of over 4.5% during the forecast period, owing to numerous factors regarding which TMR offers thorough insights and forecasts in the pet dietary supplement market report.

In the report, TMR predicts that the pet dietary supplement market would be largely driven by factors such as rising consumer shift toward pet humanization across the globe.

Pet Dietary Supplement Market: Segmentation

The pet segment includes dogs, cats, horses, and others in the pet dietary supplement market report. In terms of pet, the dogs segment dominated the market for pet dietary supplements across the globe, as dogs are considered the most popular pets globally. Demand for dietary supplements for dogs is anticipated to expand at a significant growth rate during the forecast period. Cats outnumber dogs as pets in various countries across the globe, as a household can manage more than one cat. The expenditure incurred on dietary supplements on dogs is relatively high as compared to cats. The pet dietary supplement market for horses and other pets, which include rabbits and hamsters, is projected to expand at a moderate growth rate during the forecast period.

In terms of supplement, glucosamine, multivitamins, omega 3 fatty acids, and probiotics and prebiotics witness high demand across the globe. Glucosamine is an amino sugar that is found naturally in the fluid around the joints to help build cartilage. In older dogs, it may relieve joint pain and improve mobility. Apart from glucosamine, omega 3 fatty acid is also one the preferred supplements for pets. Fish oil contains omega 3 fatty acids that are thought to improve coat quality and shine, and alleviate skin allergies. Fish oil can also reduce inflammation; hence, several pet owners use omega 3 fatty acids for this purpose.

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Based on application, joint health and skin & coat are major application areas where pet dietary supplement are most commonly used. These two segments account for the major share of the pet dietary supplement market. Glucosamine is believed to be an effective treatment for osteoarthritis by pet owners and veterinarians. Omega 3 fatty acids and fish oil supplements are majorly used in the treatment of skin & coat. These can improve coat quality and control itching issues in pets.

The pet dietary supplement market is highly fragmented. A large number of small, medium, and large companies operate in the market at global and domestic levels. Companies work on product innovation to increase their market reach.

Pet Dietary Supplement Market: Prominent Regions

North America and Europe hold major share of the pet dietary supplement market, due to rapid rise in the number of pet owners in prominent countries such as the U.S., the U.K., Canada, France, Germany, Italy, Spain, and various other European countries.

Demand in the Asia Pacific region is estimated to expand at a significant pace compared to other regions in the near future, due to rapid increase in awareness about pet care products, etc., in countries such as China, India, Japan, Australia, and New Zealand.

The market in South America and Middle East & Africa is anticipated to grow at a moderate growth rate in the near future. Brazil and Argentina are anticipated to be the prominent markets for pet dietary supplements during the forecast period.

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Major brands are likely to focus on expansion of production capacity and new product development to strengthen their footprints in the pet dietary supplement market. Companies are engaged in expanding their product portfolio and business through online distribution channels. Companies are working toward upgrading their existing products to increase profitability for sustainable growth of businesses.

Pet Dietary Supplement Market: Key Players

Key players operating in the pet dietary supplement market include Ark Naturals Co., Boehringer Ingelheim International GmbH, Kemin Industries, Inc., Nestlé S.A., Novotech Nutraceuticals, Inc., NOW Health Group Inc., Nutramax Laboratories Inc., Nutri-Pet Research Inc., Virbac Corporate, and Zoetis Inc.

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PTFE Gasket Market: Verified Value and Volume Forecasts up to 2027

Transparency Market Research delivers key insights on the global PTFE gasket market. In terms of revenue, the global PTFE gasket market is anticipated to expand at a CAGR of ~3% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecasts in the PTFE gasket market report.

PTFE gasket also called polytetrafluoroethylene gasket is a mechanical seal, which fills the space between joining surfaces of pipelining systems. High melting temperature, high resilience, high corrosion resistance, longer product life, low co-efficient of friction, and significant insulation properties increases its value as a sealing material and makes it suitable in applications of various end-use industries such as energy, chemical & petrochemical, medical & pharmaceutical, and oil & gas. The growth of these industries is anticipated to fuel the PTFE gasket market in the near future.

In this market report, TMR estimates that based on type, virgin PTFE gaskets are likely to be the most widely used product by the end of 2027 in the PTFE gasket market. End-use industries are looking for customized filled PTFE gasket products with different filling substances, which supports the growth of the PTFE gasket market globally.

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PTFE gaskets help in carrying out operations smoothly by reducing vibration and providing a noise-free environment. They have low friction property and are highly resistive to acid, bases, and solvents. These factors are likely to drive the PTFE gasket market during the forecast period.

PTFE Gasket Market: Prominent Regions

Asia Pacific is projected to show prominent growth in the PTFE gasket market in the near future, due to rapid growth of the industrial sector. China and Japan are considered prominent markets for PTFE gasket manufacturers during the forecast timeline. North America is the biggest market for PTFE gaskets over the years. Asia Pacific, along with North America dominates the market. Higher number of manufacturing industries in different application areas such as oil & gas, chemicals, and medical & pharmaceuticals is one the major reasons for growth of this market in North America and Asia Pacific.

Major brands are likely to focus on research & development to strengthen their footprint in the global PTFE gasket market. Companies are engaged in advancements of products as well as expanding their product portfolio. Manufacturers are focusing on increasing their customer base by partnering with different manufacturing facilities in other regions.

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PTFE Gasket Market: Key Players

Prominent companies operating in the global PTFE gasket market include ERIKS NV, Valqua Ltd., James Walker & Co., Freudenberg Sealing Technologies, Teadit, Frenzelit GmbH, Henning Gasket & Seals, Inc., The Flexitallic Group Inc., Garlock Sealing Technologies, and Nichias Corporation.

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