Electronic packaging equipment and materials revenue growth is highly reliant on big players’ investments. A new killer application is needed to fuel robust growth.
More information on https://www.i-micronews.com/products/equipment-and-materials-for-fan-out-packaging-2019/
35. Although Fan-Out (FO) packaging is still
a relatively small market amongst other
popular packaging platforms, it can cover
high-end High-Density (HD) FO and low-
end Core FO applications. Historically, FO
packaging is essential to applications such
as Power Management Integrated Circuits
(PMICs), Radio-Frequency (RF) transceivers,
connectivity modules, audio/codec modules
and radar modules and sensors. It was,
however, the adoption by Apple’s Application
Processor Engine (APE) of TSMC’s integrated
FO Package-on-Package (inFO-PoP) platform
that started to fuel its popularity and made
HD FO possible. Now, there is no doubt the
industry is no longer as overexcited about FO
packaging as it was during the TSMC/Apple
buzz. However, in HD FO, TSMC is the sole
leader, and is not only using inFO for APE. It is
also extending it into new exciting technologies
like inFO-Antenna-in-Package (AiP) for fifth
generation (5G) wireless communication, and
inFO-on-Substrate (oS) for High Performance
Computing (HPC). So, FO packaging is still
maintaining its centrality as a popular option
for mega-trend driven applications like AiP,
HPC and Systems-in-Packages (SiPs). FO Wafer
Level Packaging (WLP) capacity expansion is
therefore expected moving forward. SEMCO
and PTI have been catching up aggressively,
with a different strategy, since 2016. A new
milestone was achieved by SEMCO in 2018,
with the latest release of a FO Panel-Level
Packaging (PLP) APE-PMIC in the Samsung
Galaxy Smartwatch. Also, PTI had gone into
FOPLP production for MediaTek’s PMIC and
audio transceiver. Moving forward, investments
by manufacturers will be modest in the short
term and strong in the long term. Regardless,
a new high volume application is anticipated
to fuel another tremendous growth in the FO
packaging market space.
Based on new sales, made from incremental
production volumes, the equipment and
materials revenue for FO packaging is expected
to grow from >$200 M in 2018 to >$700 M in
2024 at >20% CAGR. With production players
slashing growth projections in 2019, suppliers
of FO packaging are now anticipating a smaller
Capital Expenditure (CapEx) investment in
2019. Nevertheless, equipment and materials
suppliers are well-positioned in the FO
packaging supply chain to gain business from
long-term growth. Megatrend-driven demands,
in the long run, are expected to provide
the impetus to push for an inflection in the
equipment and materials revenue from FO
packaging eventually.
In this report, the equipment and materials
market is sized based on processes that
reflect the characteristics and relevance of FO
packaging. These include carrier, debonding,
pick-and-place, molding compound deposition,
EQUIPMENT AND MATERIALS FOR FAN-OUT PACKAGING 2019
Market & Technology Report - September 2019
EQUIPMENT AND MATERIALS MARKET REVENUE FORECAST IN FAN-OUT
PACKAGING
Electronic packaging equipment and materials revenue growth is highly reliant on big players’
investments.A new killer application is needed to fuel robust growth.
(Yole Développement, September 2019)
Equipment and materials in Fan-Out packaging revenue forecast
KEY FEATURES
• Market forecasts
- Supplier revenue: equipment and
materials in Fan-Out packaging
- Supplier revenue: FOWLP vs FOPLP
• Market trends
- Market drivers and dynamics
- Analysis of FOWLP vs FOPLP
inflection points and player
strategies
• Market shares and supply chain
- Fan-out panel-level packaging
supply chain
- FOWLP market shares in 2018
• Technology trends
- Fan-out panel-level packaging
challenges
- Generic process flows and
approaches in Fan-Out packaging
• Market forecasts, market shares and
technology focus by process
- Carrier bonding and debonding
- Pick-and-place
- Molding compound deposition
- RDL: passivation, patterning,
barrier-seed layer, plating
- Metrology and inspections –
technology only
WHAT’S NEW
• New 3-page summary of report with
dashboards
• Updated market forecast of Fan-Out
production revenues (2018 to 2024)
• New market survey on Fan-Out
packaging popularity
• Updated production status of key
players
• Updated carrier penetration rate
comparison between FOWLP and
FOPLP
• New analysis of FOWLP vs FOPLP
• New suppliers identified in FOPLP
supply chain
• Updated equipment and materials
suppliers for both FOWLP and FOPLP
• New modelling of tool units between
FOWLP vs FOPLP
• Updated market forecast of
equipment and materials, volumes
and revenue (2018 to 2024)
• Updated market shares of equipment
and materials players (2016 to 2018)
• New market sizing for Cu RDL
plating, equipment and materials
• New MA timeline of FOPVD
suppliers
$0 M
$100 M
$200 M
$300 M
$400 M
$500 M
$600 M
$700 M
$800 M
2018 2019 2020 2021 2022 2023 2024
Equipment Materials
$200M
$700M
CAGR2018-2024:+20%
36. EQUIPMENT AND MATERIALS FOR FAN-OUT PACKAGING 2019
GLOBAL EQUIPMENT MARKET SHARE FOR FOWLP
FO packaging suppliers are grappling with two
conflicting motivations of cost reduction and
Return-on-Investment (ROI) justification. FOWLP
suppliers are worried about a cost-price war if
FOPLP is adopted and finally overloads the market
with supply. There will continue to be pressure
to make a strategic decision to invest in either
FOWLP or FOPLP because core FOWLP capacity
is showing signs of under-utilization. Coupled
with FOPLP penetration, the over-supply risk is
increasingly being recognized. Yet, there are strong
motivations to venture into FOPLP because end-
customers are demanding lower cost FO packages.
As such, some FO packaging suppliers are sitting
on the fence. In this divided environment, they
would rather gain less business with certainty than
embrace uncertainty that could involve losing on
larger investments.
FOWLP suppliers are unable to stop the
penetration of FOPLP suppliers despite the
volume of FO being relatively small compared to
the huge volume of printed circuit boards sold,
which enables panel-level manufacturing. This
forces FOWLP suppliers to focus on higher-end
challenges that FOPLP cannot achieve technically
in the near term. For example, TSMC’s supply
chain is expected to grow because of the extension
of HD FO applications.
A lower production penetration rate of FOPLP
is expected in 2019 even though more players
are involved compared to 2018. In 2019, FOPLP
suppliers are expected to expand slowly, with
more players adopting panel capabilities. Presently,
the volume is not big enough to justify further
investment in panel production, especially when
core FO is already experiencing under-utilization.
However, in the long run, the expansion of FOPLP
is expected to increase because new players
are driving a low-cost proposition into the FO
packaging market. Also, it has been proven
technically feasible by SEMCO and PTI. FOWLP
equipment is projected to drop by 12% from 2018
to 2024. On the other hand, FOWLP materials,
FOPLP equipment and FOPLP materials are all
expected to gain 4% each.
2018 FOWLP market shares – Equipment suppliers*
(Yole Développement, September 2019)
Equipment and materials revenue growth: FOWLP vs. FOPLP
(Yole Développement, September 2019)
FOPLP VS FOWLP UNFOLDS IN THE EQUIPMENT AND MATERIALS SUPPLIER
LANDSCAPE
Total $100 M
*Non exhaustive list of companies
The market shares and values are included in the report.
TAZMO
EV Group
ERS
SUSS Microtec
TOK
Besi
Shibaura
ASMPT
Toray
Others
APICYamada
Towa
Besi
ASM
Hamni
TEL
SUSS Microtec
EV Group
TAZMO
Others
Veeco (Ultratech)
SUSS Microtec
Rudolph
Canon
Others
KLA (SPTS)
Evatec
Ebara
ASM NEXX
LAM (Novellus)
Applied
Materials
DEBONDING
$13 M
PICK PLACE
$37 M
MOLDING
$12 M
COAT/DEVELOP
$14 M
LITHOGRAPHY
$14 M
PVD
$27 M
CU RDL PLATING
$24 M
0%
100%
2018
$200M
2024
$700M
Materials
30%
Equipment
61%
Materials
3%
Equipment
6%
Materials
34%
Equipment
49%
Materials
7%
Equipment
10%
CAGR 2018-2024
+20%
FOWLP FOPLP
ReDistribution Layer (RDL) passivation, RDL
patterning, RDL barrier-seed layers and RDL plating.
The equipment market value is significantly higher
than the materials market for FO packaging, with
the Average Selling Price (ASP) of equipment per
wafer generally higher than the ASP of materials per
wafer. Also, certain key processes do not need any
materials, for example pick-and-place. Moreover,
Yole Développement analysts cover equipment and
materials in more depth in the report.
37. COMPANIES CITED IN THE REPORT
3D-Plus, 3M, A*Star, AG, AGC, Akrometrix, Amicra, Amkor, Analog, Apple, Applied Materials, ASE,
ASM, Atotech, Aurora semiconductors, Besi, Bosch, Brewer Science, Broadcom, Camtek, Capcon,
ChipPAC, Corning, Deca, Denko, Devices, Dialog, Dupont, Ebara, Enthone, ERS, Evatec, EVG, Fico
Molding, Freescale, Fujifilm, Hanmi, HD Microsystems, Henkel, HiSilicon, Hitachi Chemical, Hoya,
Huatian, Huawei, Ibiden, IME, Infineon, Intel, ITRI, JCET Group, JSR, KulickeSoffa (KS), Lintec,
Mediatek, Medtronic, Merck, MicroTec, Mitsui, MLI, Nagase ChemteX, Nanium, Nanometrics,
NEG, Nepes, Nexx, NGK, Nissan Chemical, Nitto Denko, Nokia, Novellus, NXP, Oerlikon,
Orbotech, Plan Optik AG, Platform Specialty Products, PTI, Qualcomm, Rudolph, Samsung
Electronics, Schott, Science, Screen, SEMCO, SEMPRIUS, SEMSYSCO, SMEE, Shibaura, Shin-
Etsu, Shinkawa, Shinko Electric, Silicon, SPIL, SPTS, STATS, STATS ChipPAC, STMicroelectronics,
Sumitomo, SUSS MicroTec, Tazmo, Technic, TEL, TOK, Toray Chemical, Towa, TSMC, Ultratech,
ULVAC, Unimicron, UnitySC, Ushio, UTAC, Wacker, Yamada and more…
MARKET TECHNOLOGY REPORT
Report introduction 4
Context 63
Segmentation, report focus, definition
Fan-Out packaging introduction
Is Fan-Out packaging still popular?
Market forecasts 73
Market revenue: Fan-Out packaging
production
Supplier revenue: equipment and materials
in Fan-Out packaging
Supplier revenue: production investment
Supplier revenue: FOWLP vs FOPLP
Market trends 93
Market drivers and dynamics
Analysis of FOWLP vs FOPLP: inflection
points, player strategies
Market shares and supply chain 98
Overview of equipment and materials suppliers
Fan-Out Panel-Level packaging supply chain
FOWLP market share in 2018
Technology trends 102
Fan-Out Panel-Level packaging challenges
Generic process flows and approaches in
Fan-Out packaging
Market forecasts, market shares and
technology focus by process 140
Carrier bonding and debonding
- Materials: carriers
- Equipment: debonding tools
Pick-and-place
- Equipment: pick-and-place tools
Molding compound deposition
- Materials: molding compound
- Equipment: molding tools
RDL passivation
- Materials: RDL polymer
- Equipment: RDL polymer coat/develop tools
RDL patterning
- Materials: RDL photoresist
- Equipment: lithography tools
RDL barrier-seed layer
- Equipment: PVD tools
RDL plating
- Materials: Cu RDL plating chemistry
- Equipment: Cu RDL plating tools
Metrology inspections (technology only)
Conclusions 290
Yole Développement corporate
presentation 294
TABLE OF CONTENTS (complete content on i-Micronews.com)
• Fan-Out Packaging: Technologies and
Market Trends 2019
• Status of Advanced Substrates 2019
• Status of the Advanced Packaging Industry
2019
• Advanced packaging technology in the
Apple Watch Series 4’s System-in-Package
Find all our reports on www.i-micronews.com
RELATED REPORTS
Benefit from our Bundle Annual Subscription offers and access our analyses at the best available
price and with great advantages
AUTHOR
Favier Shoo is a Technology and Market
Analyst in the Semiconductor Software
division at Yole Développement, part of Yole
Group of Companies. Based in Singapore,
Favier is engaged in the development of
technology market reports as well as
the production of custom consulting. After
spending 7 years at Applied Materials as
a Customer-Application-Technologist in
advanced packaging marketspace, Favier
had developed a deep understanding of
the supply chain and core business values.
Being knowledgeable in this field, Favier had
given trainings and held numerous technical
review sessions with industry players. In
addition, he had obtained 2 patents. Prior
to that, Favier had worked at REC Solar
as a Manufacturing Engineer to maximize
production capacity. Favier holds a Bachelor
in Materials Engineering (Hons) and a
Minor in Entrepreneurship from Nanyang
Technological University (NTU) (Singapore).
Favier was also the co-founder of a startup
company where he formulated business
goals, revenue models and marketing plans.
Due to the lack of a substantial market for
FOPLP, only market shares of FOWLP are
analyzedinthisreport.Equipmentandmaterials
market shares are analyzed for both sectors
in full in the report. In this flyer, however
we are focused on equipment suppliers. The
market revenue from each process varies.
Apart from the ASP differences, asset value
depreciation, High Volume Manufacturing
(HVM) throughput and number of process
passes are crucial to a tool’s unit production
volumes. Suppliers understand that they need
to be resource-efficient and resilient to the
effects of the cyclical nature of this industry.
Hence, equipment suppliers are not passive
in supporting FO packaging developments
and production. In fact, competition is strong
because suppliers are trying to establish their
products as the Development-Tool-Of-Record
(DTOR) for the new FO packaging fabs or
production lines. In 2018, the global equipment
market for key processes is worth $100 M.
The first-ranked company in 2018 for market
share for FO packaging tools for the RDL
barrier-seed layer process was Physical Vapor
Deposition (PVD) equipment supplier SPTS,
a subsidiary of KLA, with a 90% share of the
market.
REPORT OBJECTIVES
• Describe technologies that can be
classified as “fan-out packaging”
• Identify and detail the fan-out
packaging platform’s key process
steps
• Analyze the manufacturing chain for
fan-out technologies
• Pinpoint the equipment and
materials suppliers for key process
steps
• For these steps, provide a market
forecast for the coming years and an
prediction of future trends
• Elaborate on key market drivers,
benefits, and challenges for
equipment and materials in fan-out
packages
38. ORDER FORM
Equipment and Materials for Fan-Out Packaging 2019
SHIPPING CONTACT
First Name:
Email:
Last Name:
Phone:
PAYMENT
BY CREDIT CARD
Visa Mastercard Amex
Name of the Card Holder:
Credit Card Number:
Card Verification
Value (3 digits except AMEX: 4 digits):
Expiration date:
BY BANK TRANSFER
BANK INFO: HSBC, 1 place de la Bourse,
F-69002 Lyon, France,
Bank code: 30056, Branch code: 00170
Account No: 0170 200 1565 87,
SWIFT or BIC code: CCFRFRPP,
IBAN: FR76 3005 6001 7001 7020 0156 587
RETURN ORDER BY
• MAIL: YOLE DÉVELOPPEMENT, Le Quartz,
75 Cours Emile Zola, 69100 Villeurbanne/Lyon - France
SALES CONTACTS
• Western US Canada - Steve Laferriere:
+ 1 310 600-8267 – laferriere@yole.fr
• Eastern US Canada - Chris Youman:
+1 919 607 9839 – chris.youman@yole.fr
• Europe RoW - Lizzie Levenez:
+ 49 15 123 544 182 – levenez@yole.fr
• Japan Rest of Asia - Takashi Onozawa:
+81-80-4371-4887 – onozawa@yole.fr
• Greater China - Mavis Wang:
+886 979 336 809 – wang@yole.fr
• Korea - Peter OK:
+82 10 4089 0233 – peter.ok@yole.fr
• Specific inquiries: +33 472 830 180 – info@yole.fr
(1)
Our Terms and Conditions of Sale are available at
www.yole.fr/Terms_and_Conditions_of_Sale.aspx
The present document is valid 24 months after its publishing date:
September 18, 2019
/
ABOUT YOLE DEVELOPPEMENT
BILL TO
Name (Mr/Ms/Dr/Pr):
Job Title:
Company:
Address:
City:
State:
Postcode/Zip:
Country*:
*VAT ID Number for EU members:
Tel:
Email:
Date:
PRODUCT ORDER - Ref YD19041
Please enter my order for above named report:
One user license*: Euro 5,990
Multi user license: Euro 6,490
- The report will be ready for delivery from October 4, 2019
- For price in dollars, please use the day’s exchange rate. All reports are
delivered electronically at payment reception. For French customers,
add 20% for VAT
I hereby accept Yole Développement’s Terms and Conditions of Sale(1)
Signature:
*One user license means only one person at the company can use the report.
Founded in 1998, Yole Développement (Yole) has grown to become a group of companies providing marketing, technology and strategy consulting, media and
corporate finance services, reverse engineering and reverse costing services and well as IP and patent analysis. With a strong focus on emerging applications using
silicon and/or micro manufacturing, the Yole group of companies has expanded to include more than 120 collaborators worldwide covering MEMS and image
sensors, Compound semiconductors, RF Electronics, Solid-state lighting, Displays, Software, Optoelectronics, Microfluidics Medical, Advanced Packaging,
Manufacturing, Power Electronics, Batteries Energy Management and Memory.
The “More than Moore” market research, technology and strategy consulting company Yole Développement, along with its partners System Plus Consulting,
PISEO, KnowMade and Blumorpho, supports industrial companies, investors and RD organizations worldwide to help them understand markets and follow
technology trends to grow their business.
CONSULTING AND ANALYSIS
• Market data research, marketing analysis
• Technology analysis
• Strategy consulting
• Reverse engineering costing
• Patent analysis
• Design and characterization of innovative optical systems
• Financial services (due diligence, MA with our partner)
More information on www.yole.fr
MEDIA EVENTS
• i-Micronews.com website, application related e-newsletter
• Communication webcast services
• Events: TechDays, forums…
More information on www.i-Micronews.com
REPORTS
• Market technology reports
• Patent investigation and patent infringement risk analysis
• Structure, process and cost analysis and teardowns
• Cost simulation tool
More information on www.i-micronews.com/reports
CONTACTS
For more information about :
• Consulting Financial Services: Jean-Christophe Eloy (eloy@yole.fr)
• Reports Monitors: David Jourdan (jourdan@yole.fr) Fayçal Khamassi
(khamassi@yole.fr)
• Marketing Communication: Camille Veyrier (veyrier@yole.fr)
• Public Relations: Sandrine Leroy (leroy@yole.fr)