New product developments will drive the market growth
The global semiconductor assembly and test services market is predicted to grow at a combined annual growth rate (CAGR) of 12.5% during the period between 2011-2015, according to a report by TechNavio.
The increase in new product development has led to the market growth and the cyclical nature of the semiconductor industry could pose a challenge for the market growth.
The global semiconductor assembly and test services (SATS) market, highly dependent on the semiconductor industry, has also encountered a requirement for shorter product cycles.
TechNavio hardware team analyst said in order to ensure that semiconductor manufacturers continue to outsource their assembly and test services, Semiconductor Assembly and Test Services (SATS) providers are offering comprehensive applications.