OSAT (Outsourced Semiconductor Assembly and Test) market

Global OSAT (Outsourced Semiconductor Assembly and Test) market is growing steadily, projected to grow from USD 46.5 billion in 2025 to USD 99.37 billion by 2035 at a CAGR of 7.9%. The Indian OSAT (Outsourced Semiconductor Assembly and Test) market is valued at approximately USD 1.5 billion in 2023 and is projected to grow at a CAGR of over 8-15% through 2030 (using different data sets), benefiting from booming electronics consumption, strategic partnerships with global players, and an increasing focus on advanced packaging technologies such as System-in-Package(SiP), 2.5D/3D, and fan-out panel-level packaging, India Semiconductor Mission with an outlay of US$10 billion are fuelling the growth of the sector. Major Companies in this sector are :

A subsidiary, CG Semi Private Limited, has established one of India's first end-to-end OSAT facilities in Sanand, Gujarat, in partnership with Renesas and Stars Microelectronics. This company is one of the four companies under the India Semiconductor Mission building OSATs and has plans for a facility in Sanand, Gujarat, with an investment of over ₹3,300 crore. SPEL Semiconductor Ltd: This company pioneered the Indian OSAT market and operates India's first and only semiconductor integrated circuit (IC) assembly and test facility. HCL Group has a joint venture with Taiwan's Foxconn to establish a semiconductor OSAT unit