Global Fan-out Wafer Level Packaging (FOWLP) Market 2019-2023 | 16% CAGR Projection Through 2023 | Technavio

Technavio has announced its latest market research report titled global fan-out wafer level packaging (FOWLP) market 2019-2023. (Graphic: Business Wire)

LONDON--()--The global fan-out wafer level packaging (FOWLP) market is expected to post a CAGR of almost 16% during the period 2019-2023, according to the latest market research report by Technavio. Request a free sample report

The growing trend of miniaturization in the semiconductor industry is compelling semiconductor packaging companies to explore new packaging technologies to reduce the overall size of the packaged ICs. This has increased the demand for FOWLP technology in high power applications that demand extreme miniaturization. The technology also allows fabrication and testing at the wafer level and helps reduce the cost of packaging and testing solutions. With the growing popularity of compact electronics, the demand for FOWLP will increase significantly during the forecast period.

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As per Technavio, the increasing adoption of semiconductor ICs in automobiles will have a positive impact on the market and contribute to its growth over the forecast period. This research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.

Global Fan-Out Wafer Level Packaging (FOWLP) Market: Increasing Adoption of Semiconductor ICs in Automobiles

Automobile manufacturers are gradually replacing mechanical and hydraulic systems with electronic or hybrid substitutes. Also, the rising interest in autonomous vehicles has increased the integration of electronic components in automobiles. In addition, the emergence of IoT and the growing demand for smart automotive solutions and rising stringency of regulations pertaining to safety have increased the adoption of multiple MEMS sensors, such as pressure sensors and gyroscopes in automobiles. With growing complexity and the rising need for higher performance, power, and cost reduction in automotive applications, the demand for high-performance semiconductor packaging solutions such as FOWLP will increase during the forecast period.

“Introduction of panel level packaging and the incorporation of more functionalities in smartphones will further boost market growth during the forecast period,” says a senior analyst at Technavio.

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Global Fan-Out Wafer Level Packaging (FOWLP) Market: Segmentation Analysis

This market report segments the global fan-out wafer level packaging (FOWLP) market by technology (high density FOWLP, and standard density FOWLP) and geography (Americas, APAC, and EMEA).

The APAC region led the market in 2018, followed by the Americas and EMEA respectively. During the forecast period, the APAC region is expected to maintain its dominance over the market. This is due to increasing government initiatives for the expansion of the semiconductor packaging industry in APAC countries.

Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more.

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Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Customer Landscape

Geographical Segmentation

  • Geographic comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Landscape disruption
  • Competitive scenario

Vendor Analysis

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.


Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200

Release Summary

The global fan-out wafer level packaging (FOWLP) market is expected to post a CAGR of almost 16% during 2019-2023, according to Technavio.


Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200