Advanced Packaging and Test Total TAM (2023–2029E)
and value creation will concentrate in advanced packaging. Source: Company data, Gartner, Morgan Stanley Research. e = Morgan Stanley Research estimates Exhibit 178: However, the traditional market is growing at a relatively muted speed, with a CAGR of just 3.1%, 2024-29e Source: Company data, Gartner, Morgan Stanley Research. e = Morgan Stanley Research estimates.