Currently valued at roughly US$ 62 billion, the global quad-flat-no-lead packaging market is anticipated to surpass US$ 235 billion by the end of the forecast year. The global quad-flat-no-lead packaging market is anticipated to expand at a rapid CAGR of 13.1% from 2017 to 2027. By the end of 2027, the quad-flat-no-lead market is projected to be worth more than US$ 95 billion. It is currently valued at over US$ 30 billion.
Rising demand for QFN package in compact devices expected to be a lucrative growth opportunity in the coming years
In the years to follow, it is anticipated that the consumer electronics and automotive sectors would witness high growth. This substantial growth is attributed towards increased adoption of advanced technologies such as wearable devices and electronic automobile accessories.
Wearable devices such as personal medical monitoring devices, wristwatch and others are small electronic devices that re widely being used among customers thus triggering the demand for packages as compact as UQFN or QFN.
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The Quad-Flat-No-Lead bundle will hold a sizable portion of the global market.
In the upcoming years, it is projected that the quad-flat-no-lead sector in the QFN variation category of the worldwide market will account for a significant portion of the market. Due to its high market valuation in past years, this segment significantly aided in the expansion of the global market.
In the upcoming years, it is anticipated that this market segment will remain unchanged. This category had a valuation of slightly less than $30 billion in 2017 and is anticipated to reach a value of more than US$ 95 billion by the conclusion of the assessment year (2027). During the projection period, it is expected that this market segment will expand at a CAGR of 12.4%.
VQFN (Very Thin Quad-Flat-No-Lead) segment to grow significantly in the years to follow
Very thin quad-flat-no-lead segment in the QFN variant category is projected to grow at a high rate and is expected to be the second fastest growing segment. It is expected to register a CAGR of 13.5% throughout the period of assessment. In 2017, this segment was estimated a value a bit over US$ 17 Bn and with this significant growth rate, it is anticipated to reach a valuation of around US$ 63 Bn by the end of the year of forecast.
The very thin quad-flat-no-lead segment is likely to follow the quad- flat-no-leads segment in terms of market value and thus is expected to be the second largest segment in the global quad-flat-no-lead packaging market.
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Market Segmentation
By Type:
- Air-Cavity QFNs
- Plastic-moulded QFNs
By QFN Variants:
- Very thin quad flat no-lead (VQFN)
- Ultrathin quad flat no-lead (UQFN)
- Quad flat no-lead (QFN)
- Others
By Applications:
- Radio Frequency Devices
- Wearable Devices
- Portable Devices
- Others
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- APEJ
- Japan
- MEA
Table of Content
1. Executive Summary
1.1. Market Overview
1.2. Market Analysis
1.3. FMI Recommendations
2. Market Introduction
2.1. Market Taxonomy
2.2. Market Definition
2.3. Quad Flat No-Leads Packaging – Solution Overview
3. Market View Point
3.1. Macro-Economic Factors
3.2. Opportunity Analysis
3.3. Patents Overview
4. Global Market Analysis 2012–2016 and Forecast 2017–2027
4.1. Market Size and Y-o-Y Growth
4.2. Absolute $ Opportunity
4.3. Value Chain
4.4. Key Regulations
4.5. Global Trends
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About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
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