Wafer Level Package Dielectrics is a type of packaging used in the semiconductor industry for the packaging of Integrated Circuits (ICs) as it is very fragile in nature and highly susceptible to contamination, which can lead to improper working of the IC. WLP finds application in the ICs used in portable consumer electronic devices; for instance, smart phones. Increasing consumer demand for technologically advanced mobile devices that are capable of performing an array of functions in a single small-end product is a major factor propelling demand for wafer level packaging technology as compared to the conventional mode of packaging in case of semiconductors, thus boosting growth of the market for wafer level package dielectrics further.
Comparatively, the low cost associated with the wafer level packaging as compared to the conventional packaging technology used in case of semiconductor packaging is also a major factor expected to boost growth of the market for wafer level package dielectrics over the forecast period.
The wafer level package dielectrics market is expected to expand at a healthy CAGR over the forecast period, and the major driving factor responsible for growth of the wafer level package dielectrics market is the rising demand for compact electronic devices with high performance and cost effective packaging in the semiconductor packaging industry. In case of conventional packaging, such as die level packaging, with the variation in size of the ICs, the cost of packaging becomes more as compared to the production cost of the ICs. On the contrary, wafer level packaging is much more cost-efficient as compared to the conventional packaging or the production cost of the ICs.
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The technological advancements in IC design & production are also, to an extent, propelling growth of the wafer level package dielectrics market currently. The wafer level packaging technology has certain perks over the traditional packaging technology, such as minimized electricity consumption and long battery life in case of mobile phones, and its compactness helps manufacturers design and develop ultra-thin mobile phones.
However, fluctuations in some of the physical properties of the technology, such as the coefficient of thermal expansion of the materials of wafer with respect to the material of ICs, are considered as a drawback of the wafer packaging technology, which in turn might restraint growth of the market for wafer level package dielectrics.