Authored By: Sarah
03 Dec 2023

Google, Tesla, and several top businesses revolutionising the Global Semiconductor Foundry Market; North America, a Record-Breaking 40% rise in market share is anticipated

According to projections, North America will account for 40% of the worldwide market's growth throughout the projected timeframe between 2023 to 2027 for Semiconductor Foundry Market

Speaking of the overall global market, Forecasts indicate that between 2023 and 2027, the semiconductor foundry market would grow at a compound annual growth rate (CAGR) of 7.74%, followed by revenue expansion of USD 42.78 billion.

What precisely is driving North America to become the Semiconductor Foundry Market's fastest-growing topography?

  • North America leads the world in sales, which is a key factor in its supremacy in the worldwide market. It has a significant concentration of the top fabless semiconductors and it makes up most of the market's global clientele with the US being the largest contributor.
  • Government efforts in the nation are anticipated to play a significant role in the market's growth in the US. For example, to boost employment, the US government is concentrating on luring businesses back to the country.
  • Emerging as a key location for the development of sophisticated semiconductor foundries. The biggest markets for recently installed and future-operational equipment is in North America. 

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Semiconductor Foundry Market's Fastest growing Topography

Google and Tesla have demonstrated a growing interest in wearables, smart gadgets, wearable technology, and autonomous vehicles. Technologies created by Tesla, including the Tesla Autopilot System, are poised to revolutionized the automotive industry, particularly that of electric vehicles thus influencing overall development of the region.

The geographical patterns and factors that will shape the market throughout the projection period have been thoroughly discussed by Technavio's experts. Find out more about the market dynamics and the factors that our in-depth study forecasts will have the most influence on the market.

Semiconductor Foundry Market Highlights of the Report for 2023-2027

  • CAGR of the market during the forecast period 2023-2027
  • Detailed information on factors that will drive semiconductor foundry market growth during the next five years
  • Precise estimation of the semiconductor foundry market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the semiconductor foundry market industry across APAC, Europe, MEA, North America, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of semiconductor foundry market players
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