The sudden challenges created by the ongoing COVID-19 are captured effectively to exhibit the long term growth projections in the MRFR report on Multichip Module Market. The growth sectors of the Multichip Module Market are identified with precision for a better growth perspective.
The electronics industry is continuously innovating with the objective of developing smaller but efficient electronic products. Multi-chip module is one of the key innovations in the area of chip packaging where multiple ICs are incorporated into a single device. The advantages offered by a multi-chip module are short distance between ICs that help in improving performance of the device while managing its size and weight, lower power supply requirement, greater miniaturization, and lower cost. Multi-chip module has diverse application areas, such as RF wireless modules, portable electronics, servers, power amplifiers, LED packages, wearable computers, and high-power communication devices. Moreover, manufacturing of the product can be customized to meet the diverse requirement of various end-users. However, lack of technical expertise and continuous innovation in the chip manufacturing processes, resulting into development of alternate products act as major restraining factors for the growth of the multi-chip module market.
In this study, the multi-chip module market is segmented based on type, industry vertical, and regions/country. By type, the market is segmented into NAND-based MCP, NOR-based MCP, eMCP, and uMCP. By industry vertical, the market is segmented into consumer electronics, automotive, medical devices, aerospace and defense, and others. Finally, the regions covered in this study are North America, Europe, Asia-Pacific, and the rest of the world. North America is further segmented into the US, Canada, and Mexico; Europe into Germany, France, the UK, and the rest of Europe; and Asia-Pacific into China, India, Japan, and the rest of Asia-Pacific.
In the type segment, NAND-based MCP is expected to be the largest contributor. The uMCP segment is expected to grow with the highest CAGR during the forecast period, 2018-2023, due to the greater efficiency offered by the type of product than other types of multi-chip module.
Among the industry verticals, consumer electronics is expected to be the largest contributor while automotive is expected to grow with the highest CAGR from 2018 to 2023. The reason for fastest growth of the automotive industry vertical can be attributed to the growing connected car and vehicle infotainment systems market.
Key players:
The prominent players in multi-chip module market are SK HYNIX INC. (South Korea), Palomar Technologies (US), Infineon Technologies (US), Samsung Electronics (South Korea), STMicroelectronics (Switzerland), Micross (US), Cypress Semiconductor (US), Macronix International Co., Ltd. (Taiwan), TEKTRONIX, INC. (US), and Texas Instruments (US).
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Multichip Module Industry 2021-2027New Study Reports " Multichip Module Industry 2021: Global Key Players, Trends, Share, Industry Size, Segmentation, Opportunities, Forecast To 2027" has been Added on MarketResearchFuture.Report OverviewThe report on the Multichip Module Industry provided based on the recent developments and data that has been collated from the previous year’s looks to provide a thorough understanding.
The market overview provided in the initial section looks to provide the reader with adequate information regarding the product and services.
Competitive analysis and prominent industry trends have been included in the in-depth study provided in the main section of the report.Market DynamicsFactors affecting the Multichip Module Industry have been studied in a detailed fashion to give a better understanding regarding the current status and the prospects.
The forecast regarding the Multichip Module Industry extending up to the year 2027 has been provided based on the conclusions from the aforementioned factors.Globally, the Multichip Module Industry is expected to have moderate growth over the forecast period.
However, lack of technical expertise and continuous innovation in the chip manufacturing processes, resulting into development of alternate products act as major restraining factors for the growth of the Multichip Module Industry.In this study, the Multichip Module Industry is segmented based on type, industry vertical, and regions/country.
By industry vertical, the market is segmented into consumer electronics, automotive, medical devices, aerospace and defense, and others.
