Flip Chip Market Size

Flip Chip Market size is projected to cross USD 50 billion by the end of 2036, expanding around 7% CAGR during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of flip clips was approximately USD 28 billion.

The major element to influences the market expansion is the growing demand for electric vehicles. In 2022, there were over 9 million electric cars sold globally; this year, sales are predicted to increase by another 34% to close to 13 million.

Furthermore, there has been a rising need to reduce the power consumption which is expected to be achieved through flip chips. For instance, excellent heat-dissipation and energy-saving features are additional features of flip-chip COB. The flip-chip's power consumption may be lowered by over 44% within the same brightness circumstances, and its screen surface temperature is about 9% lower than that of other screens, enabling it better to ensure the consistent operation of LED display panels.

Its increased service life is attributed to its ultra-high protection, shock resistance, impact resistance, waterproof, dustproof, smoke prevention, and anti-static properties. Hence, further with the growing demand for LED lights, the market is expected to grow significantly.