Published on : Feb 21, 2018
ALBANY, New York, Feb 21, 2018: The chip-on-flex market is thriving due to the growth of the semiconductors and electronics industry. The utilities offered by the chip-on-flex systems has magnified the prospects of the market. Chip-on-flex is essentially the mounting of a microchip during semiconductor assembly involving a circuit built on substrates. The market for chip-on-flex is anticipated to grow hand-in-hand with the rising industrialization across the world. A report by ResearchMoz titled, “Global Chip-On-Flex Market Professional Survey Report 2017”, sheds light on several trends prevailing in the market in order to give an overview of the market. The researchers of the report have employed pragmatic methodologies to understand the course of the market. Each new market trend has been compared to the historic trends. This makes it easy to understand how the market has evolved over the years. Furthermore, key parameters such as market share, market size, growth rate, and market value has also been forecasted. The various segments of the market, along with their sub-categories, have also been enunciated within the report. The projections are in sync with the historic, current, and tentative future trends that are expected to shape the market. Since the market for chip-on-flex is heavily dependent on the growth of various industries, the research has encapsulated an analysis of several industries.
The manufacturing of several electronic and non-electronic products is reliant on efficient execution, planning, and design. Chip-on-flex eases this process by improving the performance of production. This is a major propeller for the market and is expected to continue driving the market towards fruition. The utilities offered by chip-on-flex include heat sinks, penalization, component assembly, and graphic overlay among others. This wide range of employability makes them spur in popularity across the electronics industry. Moreover, the defense and aerospace industry is also a prolific consumer of chip-on-flex. Since these industries are huge and expansive, their growth accentuates the market for chip-on-flex. The stupendous demand for small and flexible electronics has augmented the demand within the market. Displays, lighting, sensors, and biomedical implants are amongst electronic systems that require flex-on-chip. The fault ratio of products can be substantially reduced with the use of these chips, thus, giving a strong reason to manufacturers to use these chips. The need for automated designs and accurate production is threatened by human errors. In this scenario, it is sensible to use chip-on-flex for production, thus, expanding the market for these chips.
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The costs of employing these chips across the industries on a wide scale is an exorbitantly high figure. This often discourages the small- and medium-scale industries from using these chips. However, the wide array of utilities offered by chip-on-flex is expected to keep the industrial players glued to their usage. Moreover, the increasing levels of automation are also anticipated to act as a strong propeller for the market.
The global market for chip-on-flex can be regionally segmented across China, Southeast Asia, India, Japan, and Europe. The industrial growth of these regions along with the omnipresence of automation across the world is expected to keep bolstering the market. Moreover, several government initiatives to ensure that the electronics and semiconductors industry follows the highest standards of quality and production is also a strong standpoint for market growth.
The global players in the market include Compass Technology Company Limited, AKM Industrial Company Ltd, LGIT Corporation, Chipbond Technology Corporation, Danbond Technology Co,
Stemko Group, CWE, Stars Microelectronics Public Company Ltd, Compunetics, and Flexceed.
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