USD 104.34 billion
Semiconductor Foundry Market Size, Share, Growth Analysis, By Technology Nodes(10/7/5 nm, 16/14 nm), By Application(Consumer Electronics and Communication, Automotive), By Foundry Type(Pure Play Foundry, IDMs) - Industry Forecast 2024-2031
Report ID:
SQMIG45O2029 |
Region:
Global |
Published Date: February, 2024
Pages:
221
|
Tables:
95 |
Figures:
79
Semiconductor Foundry Market Insights
Semiconductor Foundry Market size was valued at around USD 104.34 billion in 2019 and is expected to reach a value of USD 185.98 billion by 2031, at a CAGR of 6.62% over the forecast period (2024-2031).
Semiconductors are essential components of automotive electronics such as ECUs, Infotainment Systems, and Sensors. The automotive industry has begun to recover, due to the growing demand for safer private transport. Furthermore, the rise of electric and self-driving vehicles has increased demand for semiconductors. The European Commission wants at least 30 million electric cars on European roads by the end of the decade, or 2030. With the government-led adoption of electric vehicles, the demand for semiconductors for characteristics such as blind-spot identification, backup cameras, and essential networks in terms has increased rapidly.
The advancement of Advanced Driver Assistance Systems (ADAS) also contributes to the advancement of autonomous vehicles, resulting in the expansion of the market under consideration. The Indian Ministry of Road and Highway Transport announced that it is working towards a mandate that will require ADAS to be installed in all cars by 2031. However, due to a lack of semiconducting electronics components, various automotive manufacturers are having difficulty maintaining production schedules. Furthermore, the small capacity expansion of 8-inch semiconducting production in recent years has exacerbated the shortage. This has resulted in price increases in the short term. This scenario, combined with a significant decline in global demand for passenger and commercial vehicles, had a negative impact on automotive segment revenues.
US Semiconductor Foundry Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
IDMs
Fastest Growth
IDMs
Growth Rate
6.62% CAGR
Global Semiconductor Foundry Market ($ Bn)
Country Share for Aisa Pacific Region (%)
Country Share for North America Region (%)
Global Semiconductor Foundry Market By Foundry Type ($ Bn)
Global Semiconductor Foundry Market By Foundry Type (%)
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Semiconductor Foundry Market Segmental Analysis
Global Semiconductor Foundry market is segmented based on Technology Nodes, Application, Foundary Type, and region. Based on Technology Nodes, the market is segmented into 10/7/5 nm, 16/14 nm, 20 nm, 28 nm, 45/40 nm, 65 nm, Other Technology Nodes. Based on Application, the market is segmented into Consumer Electronics and Communication, Automotive, Industrial, HPC, Other Applications. Based on Foundary Type, the market is segmented into Pure Play Foundry, IDMs. Based on region the global Semiconductor Foundry market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.
Semiconductor Foundry Market Analysis by Application
In 2021, the market was dominated by the communication sector. The shift in customer preference towards lower-cost smartphones is affecting the Global Semiconductor Foundry industry. The communication segment is expected to grow rapidly in the market, depending on the application. IoT devices process information to make decisions and assist users in linking multiple devices to the internet. As a result, they work in a variety of industries, which include retail, medical, automotive, and electronics. Furthermore, government support for the advancement of semiconductor technology from a number of countries is propelling the market forward.
Global Semiconductor Foundry Market By Foundry Type, 2023 (%)
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Semiconductor Foundry Market Regional Insights
In 2021, the Asia-Pacific region dominated the global market, with major companies such as TSMC and Samsung Electronics, among others. Taiwan, South Korea, Japan, and China are major players in the region, each with a sizable market share.
China has big plans for semiconductors. With USD 150 billion in funding, the country is going to develop its domestic IC industry and intends to produce more chips. Greater China is a global political hotspot that includes Hong Kong, China, and Taiwan. The trade war between the United States and China is exacerbating tensions in the region where all of the leading process technology is concentrated, forcing many Chinese businesses to invest in semiconductor foundries. China's newly announced five-year plan for 2021-25 identifies basic research as a critical priority.
The central government's spending on basic research has recently upped by 11%, far exceeding the 7% planned for overall R&D investment and the 6% GDP growth target. Semiconductor materials have been identified as one of seven areas that will obtain priority funding and resources. Design firms create nanometer-scale integrated circuits that perform critical tasks that enable electronic devices to function, such as computer technology, stockpiling, network access, and power management.
Global Semiconductor Foundry Market By Region, 2024-2031
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Semiconductor Foundry Market Dynamics
Semiconductor Foundry Market Drivers
- The increasing demand for integrated circuits (ICs) for use in automobiles, electronic goods, medical equipment, military hardware, and smart home appliances is one of the major factors driving market growth. The growing global adoption of IoT-enabled devices is going to drive up the requirement for integrated circuits (ICs). Furthermore, government funding for semiconductor technology advancement from a variety of countries is propelling the sector forward and driving the expansion of the Semiconductor Foundry Market.
- Foundries are focusing on automation, machine learning, and analytics. These technologies' benefits, such as optimising the production process and increasing yield without sacrificing quality, are driving their demand. With increased production capacity and lower costs, vendors are expected to take on larger production contracts, resulting in significantly increased supplies and covering shortages in a variety of industries. The cost of constructing cutting-edge chip foundries has risen exponentially, putting pressure on the industry. Performance gains are slowing, making specialised chips more appealing. Some design decisions that contribute to chip universality may be suboptimal for certain computing tasks.
Semiconductor Foundry Market Restraints
- Tariff disruption and a shift in global trade are threatening growth. The industry is heavily reliant on the United States, which has long been a prominent country with a dominant market share. With modifications in the country's leadership, the US has begun to impose restrictions on trade with China, and if the restrictions continue, the country's market share is expected to fall by 16%. As a result, rising tensions with China are expected to erode the US semiconductor market's dominance, with the focus shifting to Asia Pacific in the coming years. Furthermore, tariffs are levied on virtually all industrial goods and materials used in the production of chips.
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Semiconductor Foundry Market Competitive Landscape
Global Semiconductor Foundry market is extremely competitive. Due to the presence of numerous small and large players, the market is highly concentrated. All of the major players have a large market share and are concentrating on expanding their customer base globally. However, due to a shortage of semiconducting electronics components, various automotive manufacturers are having difficulty maintaining production schedules. Furthermore, the small capacity expansion of 8-inch semiconductor production in recent years has exacerbated the shortage. This has resulted in price increases in the short term. This scenario, combined with a significant decline in global demand for passenger and commercial vehicles, had a negative impact on automotive segment revenues.
Semiconductor Foundry Market Top Player’s Company Profiles
- Semiconductor Manufacturing International Corporation (SMIC)
- Samsung Group
- Dongbu HiTek
- Fujitsu Semiconductor Limited
- Hua Hong Semiconductor Limited
- STMicroelectronics and TowerJazz
- Infineon Technologies AG
- Analog Devices, Inc.
- Texas Instruments
- NXP Semiconductors
- STMicroelectronics
- Renesas Electronics
- Microchip Technology Inc.
- Silicon Labs
- Skyworks Solutions, Inc.
- Broadcom, Inc.
- Cypress Semiconductor
- AnSem N.V.
- Maxim Integrated
- Murata Manufacturing Co., Ltd.
Semiconductor Foundry Market Recent Developments
- In April 2022, Due to the semiconductor shortage, Ford announced that its Flat Rock assembly plant near Detroit would be shut down. General Motors also announced that a major pickup truck manufacturing plant near Fort Wayne, Indiana, would be shut down for two weeks in April.
- In March 2022, TSMC announced that Sony Semiconductor Solutions Corporation and DENSO Corporation announced that DENSO would invest USD 0.35 billion in Japan Advanced Semiconductor Manufacturing, Inc., TSMC's majority-owned manufacturing subsidiary in Kumamoto Prefecture, Japan. DENSO will own more than 10% of JASM as a result of this investment.
- In February 2022, Intel announced the establishment of a USD 1 billion fund to support early-stage startups and established companies developing game-changing technologies for the foundry ecosystem. Intel recently introduced IFS as part of its IDM 2.0 strategy to help meet the growing global demand for advanced semiconductor manufacturing. IFS is well-positioned to provide the foundry industry with the most comprehensive portfolio of distinctive IPs, including all leading ISAs, as well as cutting-edge packaging and process technology and committed capacity in the United States and Europe.
- In January 2022, VIS acquired the Fab L3B building and facilities from AUO. With these acquisitions, the company has been able to increase its production capacity, and it now aims to achieve a monthly production capacity of 40,000 8-inch wafers. This enables the company to meet the ever-increasing mid- and long-term demand for semiconductors.
Semiconductor Foundry Key Market Trends
- The Global Semiconductor Foundry market is rapidly expanding at the moment. As a result of the increased use of semiconductors in autonomous driving, semiconductor foundries are expanding their efforts in automotive chip production, which is driving the market. These solutions will benefit many industries. Some of the major industries that use semiconductor foundry services are telecommunications, computing and networking, electronic goods, and automotive.
- The growing demand for portable and network nodes with advanced features and internet connectivity is increasing the demand for efficient semiconductor foundry services. IoT systems process data to make decisions and help users connect various devices to the internet. As a result, they work in a wide range of industries, such as retail, medical, automotive, and electronics.
Semiconductor Foundry Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to Global Semiconductor Foundry Market analysis, the growing market for portable and network elements with multimedia and network access is increasing the demand for efficient semiconductor foundry services. IoT process data to make decisions and help users connect various gadgets to the internet. As a result, they work in a wide range of industries, such as retail, medical, automotive, and electronics. Furthermore, government funding for semiconductor technology advancement from a number of countries is propelling the market.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 104.34 billion |
| Market size value in 2031 | USD 185.98 billion |
| Growth Rate | 6.62% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
| Historical Year | 2019 |
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Semiconductor Foundry Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Semiconductor Foundry Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Semiconductor Foundry Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Semiconductor Foundry Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Semiconductor Foundry Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Semiconductor Foundry Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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