According to the recent study the semiconductor foundry market is projected to reach an estimated $61.3 billion by 2028 from $44.3 billion in 2023, at a CAGR of 6.7% from 2023 to 2028. Growth in this market is primarily driven by rising demand for internet circuits to be used in various applications, such as consumer electronics, smart home appliances, automotive, and military equipment along with increasing penetration of Internet of Things (IoT)-enabled devices globally.
A more than 150-page report is developed to understand trends, opportunities and forecast in semiconductor foundry market by technology (10/7/5nm, 16/14nm, 20nm, 45/40nm, and others), foundry type (pure play foundry and IDMs), application (automotive, communication, aerospace, industrial, consumer electronics, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
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“10/7/5nm market is expected to remain the largest segment during the forecast period.”
Based on technology, the semiconductor foundry market is segmented into 10/7/5nm, 16/14nm, 20nm, 45/40nm, and others. Lucintel forecasts that the 10/7/5nm market is expected to remain the largest segment due to increasing demand for ICs in cars, consumer electronics, medical devices, military equipment, and smart home appliances.
“Within the semiconductor foundry market, the automotive segment is expected to remain the largest application”
Based on application the automotive segment is expected to witness the highest growth over the forecast period due to growing demand for safer personal transportation system and increase in sale of electric and autonomous vehicles.
“Asia pacific will dominate the semiconductor foundry market in near future”
Asia Pacific region is expected to witness the highest growth during the forecast period due to increasing automotive and consumer industry and rising government investment in smart cities.
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Major players of semiconductor foundry market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Taiwan Semiconductor Manufacturing, Global Foundries, United Microelectronics Corporation (UMC), Semiconductor Manufacturing International Corporation (SMIC), Samsung Group, Dongbu HiTek, Fujitsu Semiconductor, Hua Hong Semiconductor, STMicroelectronics, and TowerJazz are among the major semiconductor foundry providers.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/semiconductor-foundry-market.aspx or [email protected]