The global semiconductor chip handler market is expected to witness strong growth during the forecast period between 2021 and 2031.
Chip handlers have been deployed in semiconductor production, globally. The product has proven beneficial in assisting leading players implement ESD control and have emerged as key raw material in semiconductor engineering laboratories.
Semiconductor chip handlers have been deployed in testing, sorting, and transferring chips and have proven beneficial in facilitating manufacturers to reduce expenditure incurred on back-end testing.
Semiconductor chip handlers have been used in electronic manufacturing industry as they assist in processing of chips in bulk, in an hour.
Rising demand for new mobile electronics is the key growth driver of global semiconductor chip handler market.
Also, increasing demand for micro-electrical mechanical systems and logic chips could help create revenue-generating opportunities for leading players in overall semiconductor chip handler market, in the coming years.
In addition to this, advancements to existing products with integration of new technologies could fuel product demand and augment the growth in global market, in the years ahead.
Rising trend of strip testing is projected to trigger the demand for semiconductor chip handlers, in years to come.
Other factors such as rising spending on improving production capacities and improving automation and robotic quality could also contribute to growth in semiconductor chip handler market, in future.
Memory tester product segment is expected to emerge as largest contributor, in terms of revenue, to overall market in future because of increasing demand for consumer electronics products in leading economies globally.
Outsourced semiconductor assembly and test providers end-use segment is anticipated to emerge as largest revenue contributor to overall semiconductor chip handler market owing to increasing need to reduce interval time and integration of handlers and testers in prominent countries worldwide.
Competition in global semiconductor chip handler market is intense, owing to the presence of numerous prominent players. Several of these players are anticipated to hold a large share in overall market, in future.
New semiconductor chip handler launch could help leading market players in gaining a competitive edge over other players and in generating new revenue streams.
Research and development activities could be key growth strategy that could help create revenue-generating opportunities for well-established players, in the years ahead.
Other strategies such as signing of collaborative agreements with other smaller market players in a bid to expand their presence in overall market and improve their revenue.
Few prominent players in global market include Seiko Epson Corporation, Aseco Corporation, TESEC Corporation, Larsen Associates, Exatron, and MCT Worldwide LLC.
The global semiconductor chip handler market is classified into four regions, namely, North America, Asia Pacific, Europe, and rest of the world.
Asia Pacific is expected to emerge as maximum revenue-generating region in global market, in the coming years. Availability of key resources such as land and labor to establish manufacturing facilities, in countries such as India and China could assist in the region emerging as the dominant region in global market.
North America is expected to witness significant growth in global semiconductor chip handler market in future. Presence of numerous leading semiconductor manufacturers, as well as prominent market players in countries such as the U.S and Canada are projected to be key driving factors to semiconductor chip handler market in the region.
Europe is expected to witness moderate growth in global market in future owing to reduced presence of well-established market players in countries such as the U.K. and Germany.
The rest of the world is expected to witness sluggish growth in overall market, in future.