The sales of integrated circuit packages in the US have been decreasing consistently since 2014, with a year-on-year decline, except for a brief increase in 2014 and 2016. As of 2023, sales stood at $21.61 billion, and forecasts indicate further declines, reaching $15.045 billion by 2028. The five-year forecasted CAGR is -5.75%, suggesting a sustained contraction in the market.

Future trends to watch for include:

The potential impact of technological advancements, such as AI and IoT, on integrated circuit demand.
Market shifts due to geopolitical factors affecting semiconductor supply chains.
The growth of sustainable and green technologies influencing circuit package innovations.