The Semiconductor Foundry Market Size was valued at USD 118.6 billion in 2023 and is expected to reach USD 198.2 billion by 2031 and grow at a CAGR of 6.63% over the forecast period 2024-2031.
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Everything from smartphones, wearables, and industrial robots to factory robots, game consoles, and even MRI scanners is powered by microchips. Making smaller, faster, and more affordable products is critical for success in the semiconductor industry. semiconductor foundry is a facility that manufactures Integrated Circuits (ICs). ICs are produced at various technical nodes for a variety of applications, including 7nm, 10nm, and 20nm. To eliminate dust and reduce vibrations, semiconductor foundries use a clean room with controlled temperature and humidity. Every semiconductor foundry faces the challenge of cost-effective manufacturing at the extremes of what is possible. The increasing complexity of modern chips makes maintaining costs, quality, and manufacturing cycle times a constant challenge. In the upcoming years, a significant growth focus for semiconductors will revolve around internet-connected devices employing sensors and software to collect and analyze data. For instance, smart factories enable monitoring of shop floor activities to ensure optimal machine performance, thereby optimizing floor space and aiding companies in cost reduction efforts. The emergence of smart homes allows smartphone apps to manage household lights and appliances, while users of IoT devices can remotely monitor home security aspects such as unlocked windows or smoke detection. With the transition to 4G and the advent of 5G, mobile telecommunications networks now operate at substantially higher speeds, reliability, and lower latency. To facilitate the data requirements of all internet-connected devices under 5G networks, high-speed connections are essential. Consequently, manufacturers have developed 5G phones for the future market, further driving the demand for semiconductors.
KEY DRIVERS:
Portable and network-enabled devices are becoming increasingly popular.
Rising Interest in 5G Wireless and Internet of Things Solutions.
The increasing interest in 5G wireless and IoT solutions epitomizes a pivotal trend in contemporary telecommunications and connectivity. Representing the fifth generation of wireless technology, 5G holds the promise of revolutionizing communication networks through its provision of faster speeds, lower latency, and enhanced capacity compared to previous generations. This heightened performance enables a diverse range of applications, spanning from improved mobile broadband to critical communications and extensive machine-type communications. Additionally, 5G networks serve as a fundamental infrastructure for IoT, facilitating real-time data transmission, seamless connectivity, and advanced analytics. This synergy between 5G and IoT fuels the development of innovative applications across various sectors, including healthcare, transportation, manufacturing, and agriculture. For instance, in healthcare, 5G-enabled IoT devices enable remote patient monitoring and real-time health data analysis, enhancing patient care delivery. Similarly, in agriculture, IoT sensors connected via 5G networks provide valuable insights for precision farming techniques, optimizing resource utilization. Overall, the growing interest in 5G and IoT underscores their transformative potential in fostering innovation, efficiency improvements, and new opportunities for businesses and society at large, shaping the future of connectivity and digital transformation.
RESTRAINTS:
The establishment and upkeep of a foundry necessitate substantial initial expenditures covering research, development, and facility construction. This upfront financial commitment can pose a significant barrier for new market entrants, constraining competition in the sector. The industry experiences continual innovation, constantly introducing new chip designs and manufacturing techniques. Foundries are obliged to make substantial investments to stay abreast of these advancements, adding to their financial obligations and operational complexity.
OPPORTUNITIES:
Artificial Intelligence and Machine Learning are becoming more popular.
The surging popularity of Artificial Intelligence (AI) and Machine Learning (ML) represents a notable trend in the sphere of technology and innovation. AI encompasses the development of computer systems capable of executing tasks typically requiring human intelligence, such as comprehending natural language, identifying patterns, and making decisions. ML, a subset of AI, entails utilizing algorithms and statistical models to enable computers to learn from data and make predictions or decisions without explicit programming for each task. The rising interest in AI and ML emanates from their potential to transform diverse industries and applications, spanning healthcare, finance, transportation, manufacturing, and beyond. These technologies offer the capacity to automate processes, extract insights from extensive datasets, bolster decision-making capabilities, and devise innovative solutions for intricate problems. With advances in computing power, the availability of vast datasets, and enhancements in algorithms, AI and ML are increasingly finding integration into everyday applications and are positioned to assume a pivotal role in shaping the future of technology and society.
CHALLENGES:
The semiconductor sector operates under a capital-intensive framework, necessitating substantial investments in research, development, and infrastructure. These elevated expenditures pose a formidable barrier to entry for new entrants into the market, thereby constraining the number of participants. Consequently, the semiconductor industry tends to be dominated by a select few large foundries boasting considerable financial resources. However, during periods marked by heightened demand for semiconductor goods, such as technological advancements or economic growth phases, existing foundries may encounter limitations in their production capacities. This constrained capacity can result in supply shortages, driving an escalation in prices fueled by heightened competition among buyers.
COVID-19 has devastated many industries around the world, including the semiconductor and peripheral industries, which produce chips and other semiconductor devices. The pandemic has had a significant impact on the world economy. Many businesses were closed, and many people were laid off. The virus primarily impacted SMEs, but large organisations were also impacted. Covid-19 has a significant impact on the growth of 5G, artificial intelligence, and the Internet of Things, as well as on investment. Global supply chains have been disrupted as the virus spreads around the world.
The demand for various semiconductor products is changing dramatically. These occur in tandem with extremely volatile consumer behaviour. Cloud and data centre services, work-from-home products, and medical devices are all expected to grow in popularity. Demand for enterprise IT and cloud computing solutions is expected to remain stable, with some companies delaying IT projects while others accelerating cloud migration strategies. Until 5G networks become widely available, telecom providers in underserved markets will most likely focus on improving their existing networks to accommodate rising data traffic. The increased demand for optoelectronics will be driven by the need for faster data connections between computing nodes and their respective fibre connections to data centre networks. The increased demand for gaming and audio equipment contributes to the expansion of the semiconductor foundry market
IMPACT OF RUSSIA-UKRAINE WAR
The ongoing Russia-Ukraine crisis has introduced significant uncertainties into the semiconductor industry, particularly impacting the supply chain of essential raw materials crucial for semiconductor manufacturing. Materials such as neon, palladium, nickel, platinum, rhodium, and titanium, critical components in semiconductor production, have experienced disruptions due to the conflict. Financial sanctions impeding Russia's foreign trade have further complicated matters, leading major semiconductor foundries to suspend shipments to Russian clients, and heightening uncertainty in an industry already navigating a path of recovery from previous challenges. Among these materials, neon, vital for lithography processes in semiconductor manufacturing and heavily concentrated in Ukraine, faces substantial disruption. While the palladium supply, used in semiconductor production and vehicle catalytic converters, is less directly affected, it remains vulnerable to the conflict's ramifications.
In the short term, the industry may manage the crisis using existing risk-mitigation strategies and stockpiles. However, these measures are anticipated to provide only temporary relief, potentially averting production disruptions for two to three months. Longer-term consequences could be more severe, potentially leading to production line closures, price escalations, reduced output, revenues, and profits, particularly if tariffs and trade constraints escalate. Given the interconnected nature of the semiconductor supply chain, the crisis's repercussions could ripple throughout, impacting both chip manufacturers and consumers. Companies are advised to reassess their business continuity plans, explore alternative material sources, and implement forward pricing strategies to mitigate material cost fluctuations.
IMPACT OF ECONOMIC SLOWDOWN
The persistent global economic downturn has reverberated through various sectors, including the semiconductor foundry market, with setbacks experienced in 2023. However, there is optimism for a resurgence in 2024, partly attributed to the projected recovery in the memory chip market, which faced significant challenges in the preceding year. This revival is juxtaposed against the backdrop of a lingering semiconductor shortage, exacerbated by geopolitical tensions, particularly in Ukraine, disrupting the supply chain of crucial gases like krypton and neon vital for semiconductor manufacturing. Furthermore, delays in revenue booking by semiconductor equipment manufacturer ASML have underscored the intricate supply chain dynamics within the industry. Nevertheless, Europe has maintained a strong foothold in the semiconductor domain, marked by technological advancements and diversified investments, with companies like ASML leading in cutting-edge lithography systems pivotal for sub-2-nm technology development. Additionally, there has been a surge in investments in European semiconductor startups, particularly in areas such as advanced driver-assistance systems (ADAS), electric vehicles (EVs), and quantum computing, underscoring Europe's vibrant innovation ecosystem and its commitment to advancing semiconductor technologies. In essence, while challenges persist from the global economic downturn and semiconductor shortage, the semiconductor foundry market is poised for recovery in 2024, driven by the resurgence of critical markets and sustained investments in technology and product diversification, with Europe playing a central role in shaping the industry's trajectory through its technological leadership and strategic investments.
By foundry
Id Ms
Pure Play Foundry
The semiconductor foundry market is categorized based on Foundry into Pure Play Foundry and IDMs. The Pure Play Foundry segment emerged as the leader in the market and is expected to witness faster growth during the forecast period. This trend is attributed to the growing demand for consumer electronics, which is anticipated to drive market expansion throughout the forecast period.
BY TECHNOLOGY
10/7/5 Nm
16/14 Nm
20 Nm
BY INDUSTRY
Automotive
Aerospace
Consumer Electronics Healthcare
Industrial
Pure Idms
The semiconductor foundry market is segmented by industry, Automotive, Aerospace, Industrial, Consumer Electronics, Healthcare, and Pure IDMS. Among these segments, the Automotive semiconductor foundry sector dominated the market revenue. This is largely attributed to the increasing demand for safer personal transportation and the proliferation of electric and autonomous vehicles, which has driven the demand for semiconductors. Within automotive vehicles, electronic auto equipment such as electronic control units, infotainment systems, and sensors predominantly rely on semiconductor components.
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In North America, the Semiconductor Foundry market seized the largest revenue share, attributed to several factors including the burgeoning consumer electronics industry, increasing demand for connected devices, rising adoption of the Internet of Things (IoT), and growing interest in electronic and autonomous vehicles. Similarly, in Europe, the Semiconductor Foundry market holds the second-largest market share, buoyed by factors such as the availability of advanced technology, expansion in the automotive industry, government investment in smart city projects and infrastructure for connected cars, as well as the burgeoning consumer electronics industry in the region. Within Europe, Germany's semiconductor foundry market claimed the largest market share, while the UK's market emerged as the fastest-growing in the region. Meanwhile, the Asia-Pacific Semiconductor Foundry Market is anticipated to exhibit the fastest Compound Annual Growth Rate (CAGR), fueled by the increasing adoption of IoT devices, rising demand for electronic vehicles, and the surge in government investments in smart city initiatives, which are expected to bolster market growth in the region. Additionally, China dominates the semiconductor foundry market in the Asia-Pacific region in terms of market share, while India's market emerges as the fastest-growing within the region.
REGIONAL COVERAGE:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
The key players in the semiconductor foundry market are Taiwan Semiconductor Manufacturing Company, United Microelectronics Corporation, Samsung Group, STMicroelectronics NV, Vanguard International Semiconductor Corporation, Magnachip, Powerchip Semiconductor Manufacturing, Global Foundries, Semiconductor Manufacturing International Corporation, Fujitsu Semiconductor, TowerJazz, X-FAB Silicon Foundries, United Microelectronics Corporation & Other Players.
Samsung Group-Company Financial Analysis
RECENT DEVELOPMENT
In July 2023: Metalenz, headquartered in Boston, Massachusetts, and United Microelectronics Corporation (UMC) announced a collaboration for the mass production of optical lenses using industrial semiconductor processing platforms. UMC, a prominent semiconductor foundry based in Taiwan, ranks among the largest globally, trailing only TSMC and Samsung. With annual revenues amounting to $9.5 billion and a market valuation reaching $20 billion, UMC brings substantial expertise to the partnership. The agreement enables the large-scale production of optical lenses catering to various applications, including 3D imaging for smartphones, laptops, the Internet of Things (IoT), and vehicle sensors.
Report Attributes | Details |
---|---|
Market Size in 2023 | US$ 118.6 Billion |
Market Size by 2031 | US$ 198.2 Billion |
CAGR | CAGR of 6.63% From 2024 to 2031 |
Base Year | 2023 |
Forecast Period | 2024-2031 |
Historical Data | 2020-2022 |
Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
Key Segments | • By Foundry (Id Ms, Pure Play Foundry) • By Technology (10/7/5 Nm, 16/14 Nm, 20 Nm) • By Industry (Automotive, Aerospace, Consumer Electronics Healthcare, Industrial, Pure Idms) |
Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America) |
Company Profiles | Taiwan Semiconductor Manufacturing Company, United Microelectronics Corporation, Samsung Group, STMicroelectronics NV, Vanguard International Semiconductor Corporation, Magnachip, Powerchip Semiconductor Manufacturing, Global Foundries, Semiconductor Manufacturing International Corporation, Fujitsu Semiconductor, TowerJazz, X-FAB Silicon Foundries and United Microelectronics Corporation. |
Key Drivers | • Portable and network-enabled devices are becoming increasingly popular. • Rising Interest in 5G Wireless and Internet of Things Solutions. |
Restraints |
• Large Initial Investment • Rapid Technological Progression |
The Semiconductor Foundry Market was valued at USD 118.6 Billion in 2023.
The expected CAGR of the global Semiconductor Foundry Market during the forecast period is 6.63%.
The Semiconductor Foundry market is currently experiencing rapid growth. This surge is primarily fueled by the heightened adoption of semiconductors in autonomous driving technology, prompting semiconductor foundries to enhance their focus on automotive chip manufacturing, thereby propelling market growth. These advancements are poised to benefit numerous industries, including telecommunications, computing and networking, consumer electronics, and automotive.
The Automotive is leading segment in the market revenue share in 2023.
The North America led the Semiconductor Foundry Market.
TABLE OF CONTENTS
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Industry Flowchart
3. Research Methodology
4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Challenges
5. Impact Analysis
5.1 Impact of Russia-Ukraine Crisis
5.2 Impact of Economic Slowdown on Major Countries
5.2.1 Introduction
5.2.2 United States
5.2.3 Canada
5.2.4 Germany
5.2.5 France
5.2.6 UK
5.2.7 China
5.2.8 Japan
5.2.9 South Korea
5.2.10 India
6. Value Chain Analysis
7. Porter’s 5 Forces Model
8. Pest Analysis
9. Semiconductor Foundry Market, By Foundry
9.1 Introduction
9.2 Trend Analysis
9.3 Id Ms
9.4 Pure Play Foundry
10. Semiconductor Foundry Market, By Technology
10.1 Introduction
10.2 Trend Analysis
10. 3 10/7/5 Nm
10.4 16/14 Nm
10.5 20 Nm
11. Semiconductor Foundry Market, By Industry
11.1 Introduction
11.2 Trend Analysis
11.3 Automotive
11.4 Aerospace
11.5 Consumer Electronics
11.6 Healthcare
11.7 Industrial
11.8 Pure Idms
12. Regional Analysis
12.1 Introduction
12.2 North America
12.2.1 USA
12.2.2 Canada
12.2.3 Mexico
12.3 Europe
12.3.1 Eastern Europe
12.3.1.1 Poland
12.3.1.2 Romania
12.3.1.3 Hungary
12.3.1.4 Turkey
12.3.1.5 Rest of Eastern Europe
12.3.2 Western Europe
12.3.2.1 Germany
12.3.2.2 France
12.3.2.3 UK
12.3.2.4 Italy
12.3.2.5 Spain
12.3.2.6 Netherlands
12.3.2.7 Switzerland
12.3.2.8 Austria
12.3.2.9 Rest of Western Europe
12.4 Asia-Pacific
12.4.1 China
12.4.2 India
12.4.3 Japan
12.4.4 South Korea
12.4.5 Vietnam
12.4.6 Singapore
12.4.7 Australia
12.4.8 Rest of Asia Pacific
12.5 The Middle East & Africa
12.5.1 Middle East
12.5.1.1 UAE
12.5.1.2 Egypt
12.5.1.3 Saudi Arabia
12.5.1.4 Qatar
12.5.1.5 Rest of the Middle East
11.5.2 Africa
12.5.2.1 Nigeria
12.5.2.2 South Africa
12.5.2.3 Rest of Africa
12.6 Latin America
12.6.1 Brazil
12.6.2 Argentina
12.6.3 Colombia
12.6.4 Rest of Latin America
13. Company Profiles
13.1 Taiwan Semiconductor Manufacturing Company
13.1.1 Company Overview
13.1.2 Financial
13.1.3 Products/ Services Offered
13.1.4 SWOT Analysis
13.1.5 The SNS View
13.2 United Microelectronics Corporation
13.2.1 Company Overview
13.2.2 Financial
13.2.3 Products/ Services Offered
13.2.4 SWOT Analysis
13.2.5 The SNS View
13.3 Samsung Group
13.3.1 Company Overview
13.3.2 Financial
13.3.3 Products/ Services Offered
13.3.4 SWOT Analysis
13.3.5 The SNS View
13.4 STMicroelectronics NV
13.4.1 Company Overview
13.4.2 Financial
13.4.3 Products/ Services Offered
13.4.4 SWOT Analysis
13.4.5 The SNS View
13.5 Vanguard International Semiconductor Corporation
13.5.1 Company Overview
13.5.2 Financial
13.5.3 Products/ Services Offered
13.5.4 SWOT Analysis
13.5.5 The SNS View
13.6 Magnachip
13.6.1 Company Overview
13.6.2 Financial
13.6.3 Products/ Services Offered
13.6.4 SWOT Analysis
13.6.5 The SNS View
13.7 Powerchip Semiconductor Manufacturing
13.7.1 Company Overview
13.7.2 Financial
13.7.3 Products/ Services Offered
13.7.4 SWOT Analysis
13.7.5 The SNS View
13.8 Global Foundries
13.8.1 Company Overview
13.8.2 Financial
13.8.3 Products/ Services Offered
13.8.4 SWOT Analysis
13.8.5 The SNS View
13.9 Semiconductor Manufacturing International Corporation
13.9.1 Company Overview
13.9.2 Financial
13.9.3 Products/ Services Offered
13.9.4 SWOT Analysis
13.9.5 The SNS View
13.10 Fujitsu Semiconductor
13.10.1 Company Overview
13.10.2 Financial
13.10.3 Products/ Services Offered
13.10.4 SWOT Analysis
13.10.5 The SNS View
13.11 TowerJazz
13.11.1 Company Overview
13.11.2 Financial
13.11.3 Products/ Services Offered
13.11.4 SWOT Analysis
13.11.5 The SNS View
13.12 X-FAB Silicon Foundries
13.12.1 Company Overview
13.12.2 Financial
13.12.3 Products/ Services Offered
13.12.4 SWOT Analysis
13.12.5 The SNS View
13.13 United Microelectronics Corporation
13.13.1 Company Overview
13.13.2 Financial
13.13.3 Products/ Services Offered
13.13.4 SWOT Analysis
13.13.5 The SNS View
14. Competitive Landscape
14.1 Competitive Benchmarking
14.2 Market Share Analysis
14.3 Recent Developments
14.3.1 Industry News
14.3.2 Company News
14.3.3 Mergers & Acquisitions
15. Use Case and Best Practices
16. Conclusion
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