Technavio has been monitoring the semiconductor foundry market and it is poised to grow by USD 26.47 bn during 2020-2024, progressing at a CAGR of over 7% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Technavio has announced its latest market research report titled Global Semiconductor Foundry Market 2020-2024 (Graphic: Business Wire)
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Frequently Asked Questions:
What are the major trends in the market?
Growing demand of 14-nm/16-nm FinFET technology is a major trend driving the growth of the market.
At what rate is the market projected to grow?
The year-over-year growth for 2020 is estimated at 6.76% and the incremental growth of the market is anticipated to be $ 26.47 bn.
Who are the top players in the market?
Fujitsu Ltd., GLOBALFOUNDRIES, NXP Semiconductors NV, ON Semiconductor Corp., Robert Bosch GmbH, Samsung Electronics Co. Ltd., Semiconductor Manufacturing International Corp., STMicroelectronics International NV, Taiwan Semiconductor Manufacturing Company Ltd., and United Microelectronics Corp., are some of the major market participants.
What is the key market driver?
The increasing demand for IoT is one of the major factors driving the market.
How big is the North America market?
The North America region will contribute 40% of the market share.
The market is fragmented,