What is Global IC Trays Market?
The Global IC Trays Market is a sector that focuses on the production and distribution of integrated circuit (IC) trays. These trays are essential components in the electronics industry, used for the safe storage and transportation of IC chips. IC chips are delicate and sensitive to environmental factors such as dust, moisture, and static electricity. Therefore, they need to be stored and transported in specially designed trays that can protect them from these elements. The IC trays are made from various materials such as MPPE, PES, PS, ABS, among others, each having its unique properties and applications. The choice of material depends on the specific requirements of the IC chips being stored or transported. For instance, some materials may offer better protection against static electricity, while others may be more resistant to moisture. The global IC trays market is a highly competitive one, with several key players vying for market share. These include companies like Daewon, Kostas, Sunrise, Peak International, SHIMON, Mishima Kosan, HWA SHU, and ASE Group. The Asia Pacific region is the largest consumer of IC trays, accounting for about 56% of the global market share. This is due to the high concentration of electronics manufacturing industries in countries like China, South Korea, and Taiwan. The demand for IC trays is expected to grow in the coming years, driven by the increasing production of electronic devices such as smartphones, tablets, and computers.
MPPE, PES, PS, ABS, Others in the Global IC Trays Market:
The IC trays are used in various areas such as electronic products, electronic parts, and others. In electronic products, IC trays are used to store and transport IC chips during the manufacturing process. These chips are used in various electronic devices such as smartphones, tablets, computers, and televisions. The IC trays ensure that the chips are protected from environmental factors and are easily accessible during the assembly process. In electronic parts, IC trays are used to store and transport various electronic components such as resistors, capacitors, and transistors. These components are used in the manufacturing of various electronic devices and need to be stored and transported safely to prevent damage. Other uses of IC trays include storage and transportation of IC chips for repair and maintenance purposes. The IC trays are also used in the recycling of electronic waste, where they are used to store and transport IC chips that have been salvaged from discarded electronic devices. The demand for IC trays in these areas is expected to grow in the coming years, driven by the increasing production and consumption of electronic devices.
Electronic Products, Electronic Parts, Others in the Global IC Trays Market:
The global IC Trays market, as of 2022, was valued at US$ 322.5 million and is projected to reach US$ 452.6 million by 2029. This indicates a Compound Annual Growth Rate (CAGR) of 4.9% during the forecast period of 2023-2029. The market is dominated by Daewon, which held about 8% of the market share in terms of revenue in 2019. Other significant players include Kostas, Sunrise, Peak International, SHIMON, Mishima Kosan, HWA SHU, and ASE Group. Together, these top 8 companies accounted for nearly 48% of the revenue market share in 2019. The Asia Pacific region is the largest consumer of IC trays, accounting for about 56% of the market share in terms of volume. The region is expected to maintain its dominance, with a projected market share of around 60% in 2025. This is largely due to the high concentration of electronics manufacturing industries in the region.
| Report Metric | Details |
| Report Name | IC Trays Market |
| Accounted market size in 2022 | US$ 322.5 million |
| Forecasted market size in 2029 | US$ 452.6 million |
| CAGR | 4.9% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Consumption by Region |
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| By Company | Daewon, Kostat, Sunrise, Peak International, SHINON, Mishima Kosan, HWA SHU, ASE Group, TOMOE Engineering, ITW ECPS, Entegris, EPAK, RH Murphy Company, Shiima Electronics, Iwaki, Ant Group, Hiner Advanced Materials, MTI Corporation |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
