Electronic assembly: Semiconductor assembly business to surge 12.5%

As reported by cbronline.com, the rise in modern product development had led to market growth.
The global semiconductor assembly and test services market, highly dependent on the semiconductor industry, has also encountered an essential requirement for shorter product cycles, according to TechNavio.
An analyst at the firm said SATS producers were promoting more comprehensive applications as part of an effort to make sure that semiconductor manufacturers continue to outsource their assembly and test services.
"For instance, SATS providers are partnering with key semiconductor manufacturers to customise their processes according to end-user requirements," the analyst was quoted as saying.
According to the report, a spike in the quantity of electronic products that are being developed and marketed every year is driving growth in the semiconductor industry, with manufacturers in the computers segment increasing their product portfolio.
TechNavio's report, the Global Semiconductor Assembly and Test Services Market 2011-2015, discusses the key vendors operating in such a market as well as the market for all assembly and test services provided by independent semiconductor assembly and test service providers.
The leading vendors in the market are Advanced Semiconductor Engineering, Amkor Technology, Silicon Precision Industries and STATS ChipPac
In other electronic assembly news, the industrial robotics market is approximated to grow $32.8 billion (£21 billion) by 2017, according to a study by MarketResearch.com.
Development of non-automotive applications of industrial robotics, increased use of industrial robots in emerging countries are expected to grow the market.
The global industrial robotics market is estimated to be worth $25.71 billion in 2012 and is forecast to reach $32.8 billion in 2017.
It is estimated that 176,586 units will be shipped in 2012 and 234,122 units in 2017.