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

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).

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 demand for passenger and commercial vehicles, had a negative impact on automotive segment revenues. 'Taiwan Semiconductor Manufacturing Company (TSMC) Limited', 'Foundries', 'United Microelectronics Corporation (UMC)', '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.'

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 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.

The 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.

In 2021, the Asia-Pacific region dominated the 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.