Currently, there is an increasing availability of wide range of consumer electronic devices. These devices are available in wide range of package types and includes resistors, capacitors, magnets, and semiconductors (integrated circuits). The global market for advanced semiconductor packaging has been gaining a solid momentum in recent years due to growing interest from the funding and investment community. Evolving consumer preferences and choices in terms of latest gadgets and technology coupled with constant innovation in the field of consumer electronics are some of the key factors that are helping to drive the overall development of the global market. Leading companies in the market are consistently offering new and innovative products to attract more users. This too has worked in favor of the development of the global market.