Rise in internet of things (IoT) technology, high adoption of consumer electronics devices, and evolving trends toward semiconductor wafers in the automotive industry have boosted the growth global semiconductor packaging market. The market across Asia-Pacific dominated in 2020, holding nearly half of the market. The reduction in demand for mobile phones and showdown in production by OEMs hampered the semiconductor packaging market. Rise in internet of things (IoT) technology, high adoption of consumer electronics devices, and evolving trends toward semiconductor wafers in the automotive industry have boosted the growth global semiconductor packaging market. The market across Asia-Pacific dominated in 2020, holding nearly half of the market. The reduction in demand for mobile phones and showdown in production by OEMs hampered the semiconductor packaging market.

By A Silva