With the rapid development of the global electronics industry, the market demand for IC substrates, as a key component of semiconductor packaging, is ushering in a new round of growth. According to the latest market research data, the global advanced IC substrate market size is expected to reach $31.54 billion by 2029, showing great potential and bright prospects in this field.
Growth drivers
1. Technological advancements: With the rapid development of high-performance computing (HPC), data centers, 5G, artificial intelligence (PC and XPU), and AI accelerators in the automotive industry, the demand for high-performance IC substrates is increasing. These applications are increasingly demanding data processing and transmission speeds, driving the need for more advanced IC substrate technologies.
2. Commercialization of glass core substrates: The commercialization of glass core substrates is accelerating, which has brought new growth points to the IC substrate market. Glass-core substrates have higher electrical and thermal properties than traditional organic core substrates, which makes them increasingly popular in high-performance applications.
3. Geopolitical implications: The restructuring of global supply chains and geopolitical tensions have prompted governments to increase investment in the local semiconductor industry to ensure the security and stability of supply chains. For example, the United States government is promoting the development of domestic substrate manufacturing to reduce dependence on external supply chains.
Figure: The global advanced IC substrate market size will grow in 2029 (Source: AFP)
Market trends
1. Asian market leadership: Asia, especially China, occupies a leading position in the global IC substrate market. China is not only leading in terms of output, but also showing strong competitiveness in technological innovation and industrial chain improvement. With the strong support of the Chinese government for the semiconductor industry, the Asian market is expected to continue to maintain its dominant position in the global IC substrate market.
2. Increased R&D investment: In order to remain competitive, major IC substrate manufacturers around the world are increasing R&D investment to develop more advanced products and technologies. This includes research into new materials, processes, and designs to meet changing market demands.
3. Supply chain diversification: To reduce supply chain risk, many companies are looking to diversify their supplier base. This includes not only geographical diversification, but also technological diversification to ensure a stable supply in the face of market volatility.
Future outlook
Despite the positive outlook for the global IC substrate market, it also faces some challenges, such as fluctuating raw material prices, uncertainty in international trade policies, and the speed of technology upgrading. However, these challenges are expected to be overcome gradually as technology continues to advance and market demand continues to grow.
Overall, the global advanced IC substrate market is in an exciting phase of development, and the growth in technological innovation and market demand will drive this market to continue its growth momentum in the coming years. With the continuous development of new application fields and the deepening of existing applications, the future of the IC substrate market is full of opportunities and challenges.
