advanced organic semiconductor that helps reduce risk , speed time on the market , mitigate cycle times , and etc .
Key Players
The key participants identified by MRFR in this market are Advanced Semiconductor Engineering , Inc . ( U . S .), Powertech Technology Inc . ( Taiwan ), Amkor Technology , Inc . ( U . S .), Siliconware Precision Industries Co ., Ltd . ( Taiwan ), STATS ChipPAC Ltd ( Singapore ), CORWIL Technology ( U . S .), Chipbond Technology Corporation ( U . S .), Integrated Micro-Electronics , Inc . ( U . S .), Global Foundries ( U . S .).
In 2013 , Amkor Technology , Inc . acquired Toshiba Electronics Malaysia to improve cost competitiveness and expand assembly operations . This acquisition was made to increase the efficiency of its semiconductor power operations .
The global semiconductor assembly and testing services market has been segmented based on service and application .
� Based on service , the global market has been segmented into assembly , testing , and packaging . Assembly service led the global market with USD 11.6 billion in 2015 and is expected to achieve nearly USD 15.7 billion with a CAGR of 4.6 % by 2022 .
� By application , the global market has been segmented into consumer electronics , information technology , telecommunication , automotive , industrial , among others . Telecommunication service led the global market with USD 8.09 billion in 2015 and is expected to achieve nearly USD 11.3 billion with a CAGR of 5.31 % by 2022 .
Regional Analysis
Regionally , the global market for semiconductor assembly and testing services market has been segmented into the Asia Pacific , North America , Europe , and the rest of the world .
The global market for semiconductor assembly and testing services was led by the Asia Pacific in 2016 and had a market share of 45 %. The Asia Pacific market is driven by growing consumer demand for electronic equipment , growing market presence of leading players such as the Silicon Precision industry , and Powertech Technology . In addition , China is home to the largest consumer electronics industry . Japan has seen considerable developments in the semiconductor industry , and India has seen increased demand from the telecommunications industry .