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Semiconductor Foundry Market Size
- Report ID: GMI9500
- Published Date: May 2024
- Report Format: PDF
Semiconductor Foundry Market Size
Semiconductor Foundry Market was valued at USD 120 billion in 2023 and is estimated to grow at a CAGR of over 8.8% between 2024 and 2032. The increased demand for semiconductor chips in various industries drives growth in this market by necessitating expanded manufacturing capacity to meet market demands.
Industries such as automotive, consumer electronics, healthcare, and industrial automation increasingly rely on semiconductor solutions for advanced functionalities, leading to heightened production requirements and opportunities for semiconductor foundries to fulfill these needs and capitalize on market growth. For instance, in December 2022, Samsung Electronics Ltd. announced plans to step up chip production capacity at its largest semiconductor fabrication plant in South Korea in 2023.
The burgeoning automotive and industrial sectors serve as pivotal drivers propelling the semiconductor foundry market growth. The demand for semiconductor chips is increasing with automobiles incorporating sophisticated systems such as advanced driver assistance and Electric Vehicle (EV) components. Similarly, in industrial domains, the integration of robotics, automation, and smart manufacturing necessitates high-performance chips for heightened efficiency and connectivity. The need for specialized semiconductor solutions intensifies as these sectors continue to expand and embrace increasingly advanced technologies, fostering substantial growth opportunities in the market.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Semiconductor Foundry Market Size in 2023: | USD 120 Billion |
| Forecast Period: | 2024 - 2032 |
| Forecast Period 2024 - 2032 CAGR: | 8.8% |
| 2032 Value Projection: | USD 254 Billion |
| Historical Data for: | 2018 - 2023 |
| No. of Pages: | 200 |
| Tables, Charts & Figures: | 293 |
| Segments covered: | Technology Node, Application, Wafer Size, Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Technological obsolescence and rapid innovation cycles present formidable challenges in the semiconductor foundry industry. The increasing pace of technological advancement often renders existing technologies obsolete, making it challenging for foundries to keep up with the evolving demands. Moreover, the short lifecycle of semiconductor products necessitates frequent upgrades and innovations, leading to increased R&D costs. This perpetual cycle of innovation poses a risk of investing in outdated technologies, potentially hindering profitability, and competitiveness within the market landscape.
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Semiconductor Foundry Market Scope
