Semiconductor teardown services market set to reach $2.60 billion by 2032
From GlobeNewswire: 2025-01-21 08:00:00
The Semiconductor Teardown Services Market was valued at USD 1.37 billion in 2023 and is projected to reach USD 2.60 billion by 2032, growing at a CAGR of 7.37%. The market is driven by the demand for competitive intelligence and insights into semiconductor designs, especially in the booming generative AI chip market.
Leading players in the Semiconductor Teardown Services Market include Benchmark Mineral Intelligence, Jabil, Keysight Technologies, and Texas Instruments. These companies offer services such as product development, semiconductor testing, and reverse engineering to meet the growing demand for efficient sourcing and manufacturing strategies in the semiconductor industry.
The Semiconductor Teardown Services Market is expected to experience robust growth in 2024, driven by the recovery in PC and smartphone sales, as well as the increasing demand for data center chips. The market is crucial for analyzing chip design, manufacturing, and component sourcing, especially in a rapidly evolving semiconductor landscape with high inventories and declining fab utilization rates.
In 2023, the Force Flow method dominated the Semiconductor Teardown Services Market with a 46% revenue share, offering critical insights into energy flow within semiconductor devices for design optimization and performance improvement. The Circuit Extraction & Reverse Engineering segment accounted for approximately 41% of revenue, supporting technology replication, innovation, and intellectual property protection in sectors like consumer electronics and automotive.
North America led the Semiconductor Teardown Services Market in 2023, driven by the presence of leading semiconductor manufacturers and tech giants. Asia-Pacific is expected to be the fastest-growing region from 2024 to 2032, fueled by the expanding semiconductor manufacturing base in countries like China, South Korea, Japan, and Taiwan. The demand for teardown services is rising due to AI, automotive, 5G, and IoT advancements, as well as government efforts for semiconductor self-reliance. Samsung SSD 990 EVO firmware update in Feb 2024 boosts performance. Apple Vision Pro teardown reveals component upgrades for better AR experience. Market dynamics, segmentation, and competitive landscape discussed in Semiconductor Teardown Services report. SNS Insider offers market research and consulting services globally, providing clients with accurate data and insights for confident decision-making.
Read more at GlobeNewswire: Semiconductor Teardown Services Market to Hit USD 2.60