The presence of several established players has rendered the global
underfill dispenser market highly fragmented. While new players are
keen on venturing into the market, the high investment required in
the research and development are restricting their entry. In order to
gain pace, a majority of the companies are eyeing opportunities
prevalent in untapped markets. Expanding regional footprint has
therefore emerged as a key strategy. These companies are currently
focusing on consolidating larger share in semiconductor industries
especially across South America and the Middle East and Africa, finds
Transparency Market Research (TMR) in a new study.
Some of the key market players enjoying a stronger foothold are
Henkel AG & Co. KGaA, Nordson Corporation, MKS Instruments, Inc.,
and Zmation Inc. Besides funding innovation, these companies are
focusing on mergers and acquisitions and expansion in Asia Pacific
countries to expand their product portfolio and geographic footprint.
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According to TMR, the global underfill dispenser market is expected
to reach US$91.19 bn by the end of 2025. The market’s valuation in
2016 was US$42.73 bn. If these figures hold true, the global
underfill dispenser market will exhibit a strong 8.9% CAGR between
2017 and 2025. By end use, flip chips contributed nearly 52.6% to the
overall revenue generated by the market in 2016. Regionally, the Asia
Pacific had clear dominance with a share of 64.4% in the global
market based on revenue in 2016. The region is forecast to remain
dominant through the course of the forecast period.
Rising Demand for Handheld Devices Creating Lucrative Sales
Opportunities
The market is primarily gaining from the increasing demand for
handheld devices. Asia Pacific especially showcases lucrative market
opportunities as it the home to a booming consumer electronics
industry. The demand for handheld devices such as tablets and mobile
phones is considerably high across nations such as India, Australia,
China, and Japan. This in turn creates an environment conducive to
growth of the underfill dispenser market in Asia Pacific,
subsequently propelling the market’s overall growth.
Also, with the growing inclination towards miniaturizing gadgets, in
future the demand for underfull dispenser is poised to rise
exponentially. These factors are indicative of the rising willingness
of consumers towards spending on advanced consumer electronics.
Considering this, rising disposable income witnessed across emerging
nations will subsequently steer the market’s growth. On account of
the increasing use of underfill dispensers in the automotive sectors,
the market is bound to witness lucrative prospects especially in
nations with strong automotive industry.
High Investment in R&D Activities Dissuades Key Players thus
Limiting Growth
On the downside, the rising demand for low-cost packaging solutions
will pose a major threat. The factor also connotes the declining
profit margins as manufacturers are compelled to decrease prices of
semiconductor packages and other electronic materials. Moreover, with
the entry of new players, the semiconductor industry is likely to
face intense price pressure from end users. This is a major
bottleneck inhibiting the market’s growth.
Also several market players are finding it difficult to cope with the
high investment required for research and development. This makes
companies reluctant to fund R&D activities, which could act
against the overall market prospect.
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Entry of New Companies to Fuel Growth Opportunities
New companies targeting the underfill dispenser market are aiming to
develop novel products, technologies, materials, or processes. Their
intention being establishing a footprint in the market. Strategies
adopted by these companies will not only trigger interest in end
users, but will create lucrative growth opportunities. Besides this,
several players are exploring opportunities in military and aerospace
sectors. Spurred by these factors, the global underfill dispenser
market will continue exhibiting healthy growth through the forecast
period.
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Transparency Market Research (TMR) is a global market intelligence
company providing business information reports and services. The
company’s exclusive blend of quantitative forecasting and trend
analysis provides forward-looking insight for thousands of decision
makers. TMR’s experienced team of analysts, researchers, and
consultants use proprietary data sources and various tools and
techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team
of research experts so that it always reflects the latest trends and
information. With extensive research and analysis capabilities,
Transparency Market Research employs rigorous primary and secondary
research techniques to develop distinctive data sets and research
material for business reports.
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