Global OSAT revenues are expected to rise 8% on year in 2024, driven by growing shipments of consumer electronics.
Abstract
Inventory correction in the electronics market had a strong impact on the global semiconductor industry in 2023, and as a result, the global outsourced semiconductor assembly and test (OSAT) sector saw a revenue decline of 14% in 2023, reaching US$35 billion.
In 2024, shipments of handsets, notebooks/desktops, and other products will rebound and stimulate semiconductor demand. DIGITIMES Research estimates that global OSAT revenue will return to the growth track in 2024, with an annual increase of approximately 8%.
In terms of investment trends, firms will shift focus to Southeast Asia in response to geopolitical pressures. And they will devote substantial resources to developing advanced packaging technology that can cater to new applications and drive future revenue growth.
Table of contents
Introduction
OSAT industry review in 2023
Inventry
Chart 1: Inventory turnover days of global top-5 OSAT players, 1Q20-1Q24 (days)
Revenues
Chart 2: Global OSAT revenues, 2019-2023 (US$b)
Top-10 players
Table 1: Global top-10 OSAT players, 2020-2023
Regions
Chart 3: Major OSAT regions market share, 2022-2023
OSAT industry forecast in 2024
Top-10 players
Table 2: Global top-10 OSAT players, 1H24 (US$m)
PMI
Chart 4: PMI of major markets, January 2023-June 2024
Major IT products
Chart 5: Shipment growth of major IT products, 2020-2024
Global semiconductor industry
Chart 6: Global semiconductor revenues, 2020-2024 (US$b)
Global OSAT industry
Chart 7: Global OSAT revenues, 2019-2024 (US$b)
OSAT tech and market breakdown
Advanced packaging
Table 3: Major OSAT players deployment of advanced packaging technologies
Global deployment
Table 4: Top-10 OSAT players global deployment, 2024
Summary
Table 5: Summary of OSAT industry in 2023 and 2024
