Home > > Semiconductor And Electronics > > Electronic Packaging Market Size, Share, Trends & Growth Forecast (2032)
ID : CBI_1762 | Updated on : | Author : Amit Sati | Category : Semiconductor And Electronics
Electronic Packaging Market size is estimated to reach over USD 6,995.73 Million by 2032 from a value of USD 2,021.59 Million in 2024 and is projected to grow by USD 2,325.76 Million in 2025, growing at a CAGR of 18.8% from 2025 to 2032.
Electronic packaging is the process of enclosing and protecting electronic components and assemblies such as electronic devices, PCBs, and ICs, which in turn makes it a fundamental aspect of electronics manufacturing. Additionally, the key advantages of adopting solutions include mechanical support, thermal management and ensuring electrical connectivity which in turn drive the electronic packaging market demand. Further, the solution ensures durability, longevity, and functionality of components which in turn fuels the electronic packaging market growth. Furthermore, the solution facilitates thermal management, electrical interconnection, and signal integrity, making it a critical aspect of electronic device production, which in turn is fueling the electronic packaging industry.
The rapidly growing adoption of smartphones, laptops, TV, and gaming devices among others is driving the electronic packaging market demand. Additionally, the growing consumer electronics sector is driving the need for sustainable packaging solutions, which in turn fuels the electronic packaging market growth. Further, the rising FDI in consumer electronics sector is paving the way for market development.
Therefore, the growth of the consumer electronic sector is driving the adoption of packaging solution, in turn proliferating the growth of the market.
The advanced packaging solution involves complex processes, and specialized equipment leads to higher manufacturing costs, which in turn is hindering the electronic packaging market expansion. Additionally, technologies such as system-in-package and advanced packaging techniques incur huge costs which in turn restrict the market development.
Therefore, the high costs of advanced packaging solution are hindering the electronic packaging market expansion.
The rising adoption of AI-powered smart packaging system by businesses to optimize packing workflows, minimize material waste, and improve quality assurance is boosting the electronic packaging market opportunities. Additionally, the expanding e-commerce sector is driving the need for speed, accuracy, and cost-effective packaging. Further, the increasing focus of companies on sustainability as well as adoption of AI is revolutionizing packaging automation.
Hence, the increasing focus on sustainability is anticipated to increase the utilization in turn promoting prospect for electronic packaging market opportunities during the forecast period.
Based on the material type, the market is segmented into plastic, glass, metal, and ceramics.
Plastic is one of the primary materials used in electronics packaging, attributing to its several benefits including lightweight, superior electrical insulation, and cost-efficiency among others. Moreover, metals are often used in electronic enclosures due to its properties such as high strength, durability, and electromagnetic shielding among others. Additionally, ceramics offer excellent electrical insulation, high thermal resistance and stability, and chemical resistance, which makes it ideal for use in electronics packaging application.
Trends in the Material Type:
Plastic accounted for the largest revenue share of 46.20% in the year 2024.
The properties of plastics such as lightweight, cost-effectiveness, and excellent insulation are driving the adoption for packaging of electronic devices or components. Further, the increasing focus towards sustainability is driving the adoption of biodegradable and recyclable plastic materials, which in turn is boosting the market development. Furthermore, the versatility of plastic material for packaging electronic devices or components is paving the way for market progress. Moreover, the rising need for smaller, portable electronic devices is propelling the adoption of highly durable plastic material for packaging.
Thus, as per the market analysis, increasing focus towards sustainability is driving the adoption of recyclable plastic material for packaging of electronics.
Ceramics is anticipated to register the fastest CAGR during the forecast period.
The biocompatibility and ability to withstand sterilization processes is driving the adoption of ceramic for packaging. Additionally, ceramic helps protect sensitive components such as pacemakers and drug delivery systems. Further, the rising adoption of ceramic packaging in healthcare sectors for medical implants and others is paving the way for market progress.
Therefore, according to the electronic packaging market analysis, the rising adoption in healthcare sector is anticipated to boost the market during the forecast period.
Based on the packaging type, the market is segmented into surface mount packaging, through-hole packaging, and hybrid packaging.
In surface mount technology, electronic components are mounted directly onto the surface of printed circuit boards (PCBs). Surface mount technology is designed to occupy less physical space, facilitating the development of compact electronics devices. Meanwhile, through-hole packaging involves electronic components with leads that are inserted through holes in a PCB and soldered on the opposite side. Additionally, hybrid packaging combines various types of packaging technologies within a single assembly, integrating both surface mount and through-hole components. Hybrid packaging is often used in more complex circuits requiring a combination of different component types.
Trends in the Packaging Type:
Surface Mount Packaging accounted for the largest revenue share in the year 2024.
The rising adoption of compact and lightweight electronic devices is propelling the need for improved performance and ease of assembly for packaging. Additionally, the surface mount type packaging supports high-speed manufacturing processes which are ideal for growing consumer electronics sector and automotive sectors. Further, the rising focus towards thermal management and reliability in surface mount type packaging is in turn driving the market progress.
Thus, as per the market analysis, rising focus towards thermal management and reliability is driving the adoption of surface mount type packaging.
Hybrid Packaging is anticipated to register the fastest CAGR during the forecast period.
The combination of benefits from surface mount and through-hole technologies provide flexibility in design and functionality is driving the adoption of hybrid packaging segment. Additionally, the type of packing is majorly adopted in healthcare and aerospace & defense industries fueling the electronic packaging market size. Further, the ongoing development in smart packaging, IoT devices, and others is driving the need for materials which create flexible, integrated systems for diverse packaging applications.
Therefore, according to the electronic packaging market analysis, the rising adoption in healthcare and aerospace & defense industries is anticipated to boost the market during the forecast period.
Based on the end user, the market is segmented into consumer electronics, automotive, aerospace & defense, healthcare, IT & telecom, and others.
Electronics packaging plays a vital role in various sectors including consumer electronics, automotive, aerospace & defense, healthcare, IT & telecom, and others. It provides mechanical support, thermal management, protection from environmental factors, and electrical insulation of electronic components used in the aforementioned industries. Moreover, advancement in electronics packaging technologies is crucial to support the growing complexity and high-performance requirements of modern electronic systems used in several industries.
Trends in the End User:
Consumer Electronics accounted for the largest revenue share in the year 2024.
The increasing penetration of consumer electronic devices such as smartphones, laptop and TV among others in emerging economies is paving the way for market adoption in consumer electronics sector. Additionally, growing adoption of IoT-enabled devices and smart home technologies is propelling the demand for cost effective packaging solutions, which in turn boost the electronic packaging market share. Further, the increasing focus towards protecting smartphones, laptops, and gaming consoles, and other electronic devices is fueling the electronic packaging market share.
Thus, as per the market analysis, growing adoption of IoT-enabled devices is driving the market adoption in consumer electronics sector.
Aerospace & Defense is anticipated to register the fastest CAGR during the forecast period.
The rising demand for high thermal and mechanical reliability for applications in aerospace & defence sectors is driving the market progress. Additionally, the ongoing advancement in the electronic components in aerospace such as avionics, radar systems, and satellite communication devices fuels the electronic packaging market size. Further, the rising adoption of the solution in aerospace & defence sector is due to durability and reliability in extreme environmental conditions.
Therefore, according to the electronic packaging market analysis, the rising adoption due to durability and reliability is anticipated to boost the market during the forecast period.
The regions covered are North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Asia Pacific region was valued at USD 726.65 Million in 2024. Moreover, it is projected to grow by USD 837.66 Million in 2025 and reach over USD 2,575.13 Million by 2032. Out of this, China accounted for the maximum revenue share of 33.85%. The market is mainly driven by industrialization and urbanization. Furthermore, factors including growing consumer electronics sector and proliferation of the semiconductor sector are projected to drive the market progress in Asia Pacific region during the forecast period.
North America is estimated to reach over USD 2,085.43 Million by 2032 from a value of USD 601.62 Million in 2024 and is projected to grow by USD 692.24 Million in 2025. The North American region's growing adoption of innovative technologies offers lucrative growth prospects for the market. Additionally, the growth of consumer electronics, healthcare equipment and others are driving the market progress.
The regional evaluation depicts that the strong emphasis on sustainability as well as demand for eco-friendly and efficient packaging solutions is driving the market in Europe. Additionally, the key factor driving the market is growing consumer electronics sector as well as investments in technology infrastructure is propelling the market adoption in the Middle East and African region. Further, the improving manufacturing infrastructure and growing consumer electronics industries is paving the way for the progress of market in Latin America region.
The global electronic packaging market is highly competitive with major players providing electronic packaging to the national and international markets. Key players are adopting several strategies in research and development (R&D), product innovation, and end user launches to hold a strong position in the electronic packaging industry. Key players in the global electronic packaging market include-
Product launches
Report Attributes | Report Details |
Study Timeline | 2018-2031 |
Market Size in 2031 | USD 6,994.37 Million |
CAGR (2024-2031) | 18.78% |
By Material Type |
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By Packaging Type |
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By End-User Industry |
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By Region |
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Key Players |
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North America | U.S. Canada Mexico |
Europe | U.K. Germany France Spain Italy Russia Benelux Rest of Europe |
APAC | China South Korea Japan India Australia ASEAN Rest of Asia-Pacific |
Middle East and Africa | GCC Turkey South Africa Rest of MEA |
LATAM | Brazil Argentina Chile Rest of LATAM |
Report Coverage |
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The electronic packaging market size is estimated to reach over USD 6,995.73 million by 2032 from a value of USD 2,021.59 million in 2024 and is projected to grow by USD 2,325.76 million in 2025, growing at a CAGR of 18.8% from 2025 to 2032.
The electronic packaging report includes specific segmentation details for material type, packaging type, end user, and regions.
The electronic packaging market is being shaped by several key trends including miniaturization of electronic components, growing demand for connected vehicles as well as reusability and recyclability of plastic materials and others.
In the electronic packaging market, hybrid packaging is the fastest-growing segment during the forecast period due to rising adoption in healthcare and aerospace & defense industries.
The key participants in the electronic packaging market are Amkor Technology, Inc. (USA), ASE Technology Holding Co., Ltd. (Taiwan), JCET Group Co., Ltd. (China), Intel Corporation (USA), Samsung Electronics Co., Ltd. (South Korea), Advanced Semiconductor Engineering, Inc. (Taiwan), Nippon Mektron, Ltd. (Japan), STATS ChipPAC Ltd. (Singapore), SPIL (Siliconware Precision Industries Co., Ltd.) (Taiwan), Powertech Technology Inc. (Taiwan) and others.