Advanced IC Substrate Market Hits $61.28 Billion by 2032

The Advanced IC Substrate Market is set to grow significantly, reaching $61.28 billion by 2032 with a CAGR of 15.69%. The demand for high-performance substrates is being driven by the growth of the automotive market, particularly in EV adoption and ADAS integration. This trend is expected to continue, with over 70% of new vehicles by 2026 equipped with ADAS features.

In 2024, the FC BGA segment dominated the market with a 61.5% revenue share, while the FC CSP segment is expected to grow at a CAGR of over 15.92%. In terms of applications, the Mobile & Consumer segment led the market with a 46.2% share, while the Automotive & Transportation segment is projected to grow at a CAGR of 16.84% through 2032.

Asia Pacific leads the Advanced IC Substrate Market with a 42.7% share, driven by key players in Taiwan, South Korea, and China. North America and Europe also contribute significantly to market growth, with the UAE and Brazil driving growth in the Middle East and Latin America respectively. The market is witnessing strong regional momentum, fueled by advancements in AI, 5G, and autonomous tech.

In May 2025, AT&S announced plans to expand its advanced IC substrate facility in Austria, marking Europe’s first advanced IC substrate facility. This expansion is part of the IPCEI ME/CT initiative and is set to come online in May 2025. The market continues to evolve, with key players investing in research and development to meet the growing demand for high-performance substrates.

Read more at GlobeNewswire: Advanced IC Substrate Market Size to Hit USD 61.28 Billion