Semiconductor foundry Market to grow by USD 50077.63 million between 2024-2028
According to a research report “ Semiconductor foundry Market” by Type (Pure-play foundries, IDMs) Application (Communications, PCs/Desktop, Consumers, Automotive, Others) Geography (North America, APAC, Europe, South America, Middle East and Africa)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 50077.63 million at a CAGR of over 7.47% during the forecast period. In the burgeoning IoT market, semiconductor foundries play a pivotal role in supplying the essential components for connected devices. These components include sensors, microcontrollers, and memory, all of which are assigned IP addresses to facilitate data exchange. The resulting business opportunities are vast, spanning industries such as retail, healthcare, automotive, and electronics. The semiconductor foundry market's growth can be attributed to the extensive benefits these components offer, enabling devices to collect, process, and make decisions based on data autonomously..
Browse market data tables, figures, and in-depth TOC on “Semiconductor foundry Market” by Type (Pure-play foundries, IDMs) Application (Communications, PCs/Desktop, Consumers, Automotive, Others) Geography (North America, APAC, Europe, South America, Middle East and Africa) Global Forecast to 2028.
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By Type, the Pure-play foundries segment is projected to dominate the market size in 2024.
In the communication sector, semiconductor foundries play a pivotal role in manufacturing chips for feature phones and smartphones. The industry's escalating need for advanced technology nodes, such as 5nm and 7nm, necessitates foundries offering leading-edge processes to produce high-performance, power-efficient, and integrated semiconductor devices. The burgeoning market for mobile devices, including smartphones, tablets, wearables, and optical communication technology, fuels the demand for application processors, memory chips, RF components, sensors, optical transceivers, optical amplifiers, and photonic integrated circuits (PICs). Consequently, semiconductor foundries providing cutting-edge process technologies are in great demand.
By Application, Communications segment is expected to hold the largest market size for the year 2024.
In the semiconductor industry, pure-play foundries serve a vital role as specialized manufacturing partners for chip production. These companies focus exclusively on semiconductor fabrication, providing essential services to fabless semiconductor companies, design houses, and other clients. With a diverse customer base encompassing consumer electronics, automotive, telecommunications, industrial, and healthcare sectors, pure-play foundries mitigate risks through market diversification and leverage significant economies of scale to drive growth.
North America is forecasted to hold the largest market size by region in 2024.
The North American semiconductor industry holds a prominent position in global technological innovation, with leading design companies such as Qualcomm, NVIDIA, and Intel headquartered in this region. These firms, known for their advanced chip designs, generate substantial demand for semiconductor foundry services. Furthermore, a significant number of semiconductor fabless companies and end-users are based in North America, making it the primary market contributor. Consequently, North America, with the US at the helm, is expected to dominate the semiconductor foundry market revenue during the forecast period.
The Semiconductor foundry Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:
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Research Analysis Overview
In the dynamic and ever-evolving world of technology, the semiconductor foundry market plays a pivotal role in driving innovation across various sectors. Key technologies such as Smartphones, Consumer Electronics, Transistor, Process Technology, IoT, AI, Chips, and Integrated Circuits (ICs) are at the heart of this market. The automotive sector, with its focus on Autonomous driving and Automotive chips, is a significant consumer of semiconductor solutions. High-speed connectivity through 5G and 4G mobile telecommunications networks fuels the demand for advanced semiconductor solutions. IoT devices, Laptops, and Earphones also rely on semiconductor technology for their functionality. The integration of AI and Cloud computing further expands the market's scope. Semiconductor foundries are essential in producing these advanced chips and ICs, enabling the development of cutting-edge technologies and applications.
Market Research Overview
The semiconductor foundry market plays a pivotal role in the development and production of various advanced technologies, including wearables, transistors, telecommunication, and IoT systems. Foundries specialize in the manufacturing process technology of integrated circuits (ICs), chips, and optical component technologies for telecom infrastructure, smart factories, and computer and networking applications. Key players in this industry provide solutions for the automotive sector, with a focus on autonomous vehicles and driving chips. The defense and military sector also relies on semiconductor foundries for the production of high-performance chips and advanced analytics. The emergence of emerging technologies, such as artificial intelligence (AI), 5G wireless, and autonomous driving, necessitates streamlined regulations and resilient manufacturing processes. Semiconductor foundries are essential in the production of smartphones, tablets, laptops, and earphones, ensuring high-speed connectivity and optimal performance. Chip foundry companies invest in design and development to cater to the demands of various industries, including consumer electronics and connected devices. The integration of AI and cloud computing in semiconductor manufacturing processes further enhances the industry's potential for growth and innovation.
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Technavio Research
Jesse Maida
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
