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Multi-chip module (MCM) is expected to become an integral part of modern electronics systems in order to satisfy the increasing demand of electronic equipment miniaturization. It consists of two or more integrated chips that are electrically interconnected to a common circuit base. MCMs are normally mounted on a substrate by plastic molding and by a tape bonding or wire bonding on a printed circuit board. Multi-chip module technology is utilized extensively to support various functions of a semiconductor product. The global market of multi-chip module is expected to witness an exponential growth during the forecast from 2016 to 2024 owing to support the growing need of sleek electronic devices capable of providing high performance.

Moreover, increasing demand for semiconductor products having low electromagnetic interference and high capacitance is also anticipated to trigger the need of multi-chip module in the coming eight years. In addition, advent of power efficient and smarter connecting devices such as smart television and different home automation products is also expected to boost the demand for multi-chip module during the forecast period. Further, multi-chip module integrates different chip in a single board and thus helps to curtail the manufacturing cost of various electronics devices. Thus, increasing need of various consumer electronics manufacturers to minimize manufacturing cost of the products is also predicted to augment the demand of multi-chip module in the coming years.

However, due to cyclic revenue inflow of the semiconductor industry is the primary factor anticipated to limit various industries to enter into the multi-chip module market. This in turn is expected to affect the market of multi-chip module market to some extent during the forecast period.

For providing detailed overview of the multi-chip module market, the market has been segmented on the basis of fabrication technology, application and geography. Based on various fabricating technology used in the manufacturing process of multi-chip module market can be categorized into Laminated MCM (MCM-L), Deposited MCM (MCM-D) and Ceramic substrate MCM (MCM-C). MCM-L technologies is based on the traditional printed circuit board technique where organic dielectrics and several layers of conductors are covered by pressure and heat cure technique. Owing to low cost and high density of MCM-L, this segment is utilized extensively across various semiconductor manufacturing industry and held the largest market share in 2015. On the other hand, due to impressive thermal match with silicon semiconductor, the MCM-D segment is anticipated to experience a promising growth in the coming years.

Multi-chip module also finds its application across different consumer electronics, medical, aerospace, telecommunications and automotive sectors among others. Among different application, multi-chip module is used extensively across various consumer electronics sector and generated the highest revenue in 2015. Rising demand for smart devices coupled with increasing need of consumer electronic miniaturization is predicted to drive the demand of multi-chip module from various consumer electronics manufacturers across different parts of the world. In addition, growing demand for multi-core technologies and embedded graphics is also expected to affect the demand of multi-chip module in the coming years.

Geographically, North America generated the highest revenue in the multi-chip module market across different regions in 2015. High consumer base along with presence of large number of multi-chip module manufacturers is the primary factor behind this segment’s high market share. On the flip side, owing to high penetration of the multi-chip module market in North America, this region is expected to witness a sluggish growth rate in the coming years. However, in terms of growth, Asia Pacific region is expected to witness the most promising growth during the forecast period owing to increasing utilization of multi-chip module across different consumer electronics, telecommunication and automotive sectors.

The global multi-chip module market is fragmented in nature with the existence of different manufacturers. Some of the major players operating in the multi-chip module market include Intel Corp. (U.S), I.B.M (U.S), STMicroelectronics N.V. (Switzerland) and Infineon Technologies AG (Germany).

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market     

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis. 

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Multi Chip Module Market