Semiconductor Foundry Market Size, Share, Growth Analysis, By Technology (CMOS, BiCMOS), By Foundry Type (Pure Play Foundry, IDMs), By Application (Automotive, Consumer Electronics), By Region - Industry Forecast 2024-2031

Global Semiconductor Foundry Market size was valued at USD 106.92 billion in 2022 and is poised to grow from USD 115.6 billion in 2023 to USD 215.88 billion by 2031, growing at a CAGR of 8.12% during 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.