The flip chip market is expected to grow at a CAGR of 7% during the forecast period. High requirement from iot, drivers.2, and drivers.3 are some of the significant factors fueling flip chip market growth.
High requirement from iot
The global flip chip market represents a fragmented industry in a phase of growth in 2019. By 2024 the market structure would continue to be fragmented. Its lifecycle stage would continue to be in the growth phase.
Technavio calculates the global semiconductor market size by considering the revenue generated from the unit shipment of semiconductor ICs. The vendors in the market ship semiconductor ICs to original equipment manufacturers (OEMs) and original design manufacturers (ODMs). These semiconductor ICs can be from both fab and fabless companies, and it also includes integrated device manufacturers (IDMs).
