The Market for Semiconductor Foundry is Predicted to Grow Exponentially Between 2024 and 2030: MRFR

Market Research Future (MRFR) announces the publication of its half-cooked research report— Global Semiconductor Foundry Market, 2024–2030

According to Market Research Future, the semiconductor foundry market has been segmented based on technology node, industry, foundry type, and region.

A semiconductor foundry is a factory where the components which make up an integrated circuit are made. Increasing demand for semiconductor devices in automobiles, consumer electronics, medical devices, military equipment, and smart home appliances are projected to boost the market over the forecast period. Semiconductor demand has increased due to the need for advanced safety features on cars, mainly for electric and self-driving cars. The growing demand for ICs from the automotive industry has spurred growth in the overall semiconductor foundry market. Connected cars, machine learning, automation, and analytics are all expected to increase demand for semiconductor foundries. In addition, The use of Internet of Things-enabled devices and government funding for advanced semiconductor technology in several developed countries are expected to fuel the growth of the semiconductor foundry market during the forecast period. Cash flows from operations are likely to improve in the semiconductor foundry market as a result of several factors: a global shortage of semiconductors, increased demand for microchips, and greater outsourcing of assembly and testing.

By Technology node, the semiconductor foundry market has been segmented into 10/7/5 nm, 16/14 nm, 20 nm, 45/40 nm, 65 nm, 130 nm, and others. Among these, the 130 nm technology node segment dominated the market in 2021 and is projected to dominate over the review period. 130 nm technology nodes have a longer life and offer an attractive cost structure. 

By industry, the global semiconductor foundry market has been segmented into communication, consumer electronics, automotive, healthcare, aerospace, and others. Consumer electronics segment is expected to account for the largest share of the semiconductor foundry market in 2021. Consumer electronics is one of the fastest-growing industries in the world due to the growing demand for new technologies and rapid advancements in technology to cater to consumer demands. With growing consumer demand, companies have started focusing on developing high-performing, convenient-to-use devices.

Based on Foundry Type, the global semiconductor foundry market is segmented into Pure Play Foundry and IDMs. Pure play foundry segment is expected to account for the largest share of the semiconductor foundry market in 2021.

Regional Analysis

The global semiconductor foundry market is projected to grow at a substantial rate during the review period from 2024 to 2030. The geographic analysis of the air quality sensor market has been conducted for North America (the US, Canada, and Mexico), Europe (the UK, Germany, France, Spain, Italy, and the rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Taiwan, Australia and the rest of Asia-Pacific), and the rest of the world (the Middle East & Africa and South America). Among these, Asia-Pacific dominated the semiconductor foundry market in 2021 due to the presence of major key players in the region, increasing demand for premium smartphones, and rising disposable incomes. On the other hand, North America is expected to witness the fastest growth during the forecast period.           

Key Players

The key players in the global semiconductor foundry market are Taiwan Semiconductor Manufacturing Company (TSMC) Limited (Taiwan), Global Foundries (US), United Microelectronics Corporation (UMC) (Taiwan), Semiconductor Manufacturing International Corporation (SMIC) (China), Samsung Group (South Korea), Dongbu HiTek Co. Ltd (Korea), Fujitsu Semiconductor Limited (Japan), Hua Hong Semiconductor Limited (China), STMicroelectronics NV (Switzerland), TowerJazz (Tower Semiconductor Limited) (Israel), Vanguard International Semiconductor Corporation (Taiwan), X-FAB Silicon Foundries (Germany), Magnachip (South Korea), United Microelectronics Corporation (Taiwan) and Powerchip Semiconductor Manufacturing Corp.(Taiwan)