Global Semiconductor Foundry Market - Segmented by Type (Pure-play foundries, IDMs), End User (Consumer Electronics, Automotive Industrial), and Geography - Growth, Trends, and Forecast (2018 - 2023)
The global semiconductor foundry market is expected to register a CAGR of 6.68% during the forecast period (2018 - 2023).
The semiconductor foundry market is entirely driven by the demand for semiconductors. These foundries use semiconductor manufacturing equipment to make ICs. Expansion plans of semiconductor manufacturers, coupled with replacement of old semiconductor manufacturing equipment with new equipment, are some of the factors increasing the demand for semiconductor equipment. The rising demand for smartphones and tablets is a major factor impacting the market growth. These devices are increasingly being adopted in emerging markets, leading to increased demand for semiconductor wafers.
Increasing Demand for IoT
The global Internet of Things (IoT) market is growing at a significant rate. A rise in the number of interconnected smart devices over the internet, coupled with advances in sensor technologies, is fueling the adoption of IoT for faster data communication. Favorable support from governments for the adoption of IoT in several industries, coupled with the mass adoption of internet, are driving the adoption of IoT, thereby increasing the growth of the semiconductor foundry market.
Consumer Electronics to Occupy Significant Market Share
Changing consumer preferences, along with the presence of advanced consumer electronic devices, such as LCD and LED TVs is creating the demand for semiconductor devices. Moreover, with the advent of 3D and UHD TVs, the demand for ICs has increased significantly. The availability of low-cost smartphones in emerging markets, such as China and India, and increased access to the Internet, worldwide, are expected to increase the shipment of smartphones.
Asia-Pacific to Occupy Significant Market Share
Asia-Pacific is one of the most active manufacturing hubs in the world. Countries, like China, Japan, South Korea, Indonesia, Singapore, and Australia, have recorded high manufacturing in the consumer electronics and automotive and transportation sector, which is a major source of demand for semiconductor foundry in the region.Major Players : TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED (TSMC), UNITED MICROELECTRONICS CORPORATION (UMC), GLOBALFOUNDRIES, SAMSUNG ELECTRONICS, SMIC, POWERCHIP TECHNOLOGY5, TOWERJAZZ, FUJITSU SEMICONDUCTOR, VANGUARD INTERNATIONAL, SHANGHAI HUAHONG GRACE SEMICONDUCTOR, , amongst others.
Key Developments in the Market
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