The presence of several established players has rendered the global underfill dispenser market highly fragmented. While new players are keen on venturing into the market, the high investment required in the research and development are restricting their entry. In order to gain pace, a majority of the companies are eyeing opportunities prevalent in untapped markets. Expanding regional footprint has therefore emerged as a key strategy. These companies are currently focusing on consolidating larger share in semiconductor industries especially across South America and the Middle East and Africa, finds Transparency Market Research (TMR) in a new study.

Global Underfill Dispenser Market: Snapshot

Underfill material is a filler, which is used in semiconductor packaging to offer strength, increase the impact resistance, and improve the overall reliability and thermo-mechanical performance. It is used to fill space beneath a die and adhere to its carrier. The proliferation of smart technologies and the subsequently rising demand for handheld devices such as smartphones and tablets are the key factors fuelling the demand for underfill dispensers. The demand is forecast to remain comparatively higher across emerging nations, which boast a booming automotive and consumer electronics industries.

Besides this, underfill dispensers are increasingly utilized in the manufacture of wearable and portable devices used in the defense sector. This industry provides ample opportunities for the underfill dispenser market on account of the rising application of wearable devices integrated with underfill dispensers. In addition, the increasing demand for miniaturization of these devices will create lucrative market opportunities.

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Rising Demand for Handheld Devices Creating Lucrative Sales Opportunities

The market is primarily gaining from the increasing demand for handheld devices. Asia Pacific especially showcases lucrative market opportunities as it the home to a booming consumer electronics industry. The demand for handheld devices such as tablets and mobile phones is considerably high across nations such as India, Australia, China, and Japan. This in turn creates an environment conducive to growth of the underfill dispenser market in Asia Pacific, subsequently propelling the market’s overall growth.

Also, with the growing inclination towards miniaturizing gadgets, in future the demand for underfull dispenser is poised to rise exponentially. These factors are indicative of the rising willingness of consumers towards spending on advanced consumer electronics. Considering this, rising disposable income witnessed across emerging nations will subsequently steer the market’s growth. On account of the increasing use of underfill dispensers in the automotive sectors, the market is bound to witness lucrative prospects especially in nations with strong automotive industry.

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