You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.

LONDON--(BUSINESS WIRE)--Technavio predicts the global semiconductor advanced packaging market to grow steadily at a CAGR of above 8% by 2024. One of the primary drivers for this market is the complexity of semiconductor IC designs. The growing demand for multifunctionality features in electronic devices is leading to the development of more complex architecture and designs that require elaborate manufacturing processes. Also, the rising trend of miniaturization is creating the need for advanced packaging technologies in the semiconductor industry. Many such factors are contributing to the growth of the global semiconductor advanced packaging market. Download Free Sample Report with COVID-19 Impact Analysis The global semiconductor advanced packaging market is a part of the global semiconductors market. The global semiconductor market includes manufacturers of solar modules and cells. Our research reports provide a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors. Latest reports related to semiconductor advanced packaging market analysis Global Semiconductor Market 2020-2024 Get FREE Sample Report Global Semiconductor Silicon Wafer Market 2020-2024 Get FREE Sample Report Global Semiconductor Foundry Market 2020-2024 Get FREE Sample Report Technavios reports are aimed at providing key insights on semiconductor advanced packaging markets by identifying the key drivers, trends, and, challenges that are impacting the overall semiconductor market. The research analyses the impact on these factors on the semiconductor advanced packaging markets, for the present market scenario and over the forecast period. Technavios reports provide a comprehensive analysis on the vendors and their offerings, major growth strategies adopted by stakeholders, and the key happenings in the market. Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free. View market snapshot before purchasing Semiconductor: Segmentation Semiconductor, the parent market, includes the global semiconductor advanced packaging market within its scope and it is further segmented into multiple sub-segments. Technavios reports identify the high growth areas and opportunities for vendors operating in each sub-segment of the global semiconductor advanced packaging market. The market is segmented as follows: End-use application Product type Register for a free trial today and gain instant access to 17,000+ market research reports Technavio's SUBSCRIPTION platform Semiconductor: Geographic Segmentation The global semiconductor market has been analyzed across key geographical regions to identify region level market dynamics, developments, and the key growth countries for the forecast period. The regional level analysis identifies the market shares, growth momentum, and key leading countries in the market, which include (but are not limited to) the following: Vendor Landscape Technavios industry coverage utilizes multiple sources and tools to gather information of the multiple stakeholders and their offerings towards the market. Sources such as company websites, annual reports, whitepapers, subscription & in-house databases, industry journals, publications, and magazines are used in addition to other relevant sources. The vendor landscape provides a framework to estimate the health care supplies market, while also categorizing the vendors into pure-play, category-focused, or diversified based on their offerings. All market reports provide the key and contributing players across the value chain based on in-house influence index, developed using multiple industry and market parameters. About Technavio Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavios report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavios comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Answer: Insights on the Global Semiconductor Advanced Packaging Market | COVID-19 Impact and Analysis of Related Markets Drivers, Opportunities and Threats | Technavio