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Semiconductor Foundry Market is to reach USD 216.67 Bn by 2030 dominated by the Consumer Electronics Segment- Finds Stellar Market Research
The Semiconductor Foundry Market Report offers a comprehensive analysis of the global semiconductor foundry industry, delving into various factors driving its growth, challenges encountered, and emerging trends shaping its trajectory. The report covers a wide range of topics, including market size, important market segments, regional analysis, competitive landscape, and prospects. Through a meticulous research methodology, the report leverages a blend of primary and secondary research techniques, enabling stakeholders to make informed decisions and capitalize on opportunities within the market.
Asia Pacific Semiconductor Foundry Market has been dominant attributed to key factors like cost-effective manufacturing, advanced technological advancements, and government initiatives. With the government owning about 40% of its top 100 semiconductor companies and supporting them, the Chinese semiconductor industry has been growing rapidly. In the 14th Five-Year Plan, the country is seeking "self-sufficiency" across all semiconductor categories. Additionally, the Taiwan Semiconductor Foundry market has been leading with Taiwan Semiconductor Manufacturing Company (TSMC) holding a significant share of about 61% while Samsung Foundry from South Korea with about 14% share in Q4 of 2023. Together with United Microelectronics Corporation (UMC), TSMC has the advantages of Taiwan's growing semiconductor environment, which includes a highly skilled workforce, cutting-edge R&D centers, and significant government assistance. The region's capacity to produce at semiconductor materials cheaper rates while maintaining high standards improves sales. Southeast Asia , especially Malaysia , Vietnam , and Thailand , plays a crucial role in the semiconductor industry. Vietnam and Thailand have seen significant growth in semiconductor trade with the U.S., while Malaysia remains a key player, accounting for 20% of U.S. semiconductor imports. Strategic initiatives such as the Science Act and CHIPS Act, together with a focus on friend-shoring, shift the semiconductor value chains and strengthen the position in the Asia Pacific Semiconductor Foundry Market.
With the rise of devices that are essential to modern living, such as wearable technology, computers, tablets, and smartphones, the consumer electronics segment has been dominant in the global semiconductor foundry market. As of 2023, there are approximately 4.85 Billion smartphone users globally, representing about 60% of the global population. Because of this huge user base, semiconductors have become increasingly complex and powerful, which is necessary as devices continue to advance to provide improved energy efficiency, performance, and cutting-edge features like 5G connection, augmented reality (AR), and artificial intelligence (AI). About 1.8 billion 5G subscribers are expected to be active globally by 2024, underlining the critical need for cutting-edge semiconductors that can handle the high-speed, low-latency needs of 5G networks. Virtual assistants like Siri and Google Assistant, as well as other AI-driven apps, mostly depend on semiconductor chips that are capable of efficient calculations. The need for more compact and efficient processors that fit into smaller devices without sacrificing performance has resulted in improvements in semiconductor manufacturing methods, including technologies like 5nm and 7nm.
The Market size was valued at USD 160.14 billion in 2022. The global Luxury Electric Vehicles Market is expected to reach USD 510.12 million by 2029 with a CAGR of 18% from 2023 to 2029.
: The market size was valued at USD 102.71 Bn . in 2023 and the total Semiconductor Memory Market size is expected to grow at a CAGR of 7.36 % from 2024 to 2030, reaching nearly USD 168.88 Bn . by 2030.
The market was valued at US$ 21.38 Bn . in 2023. Global 3D Semiconductor Packaging Market size is estimated to grow at a CAGR of 15.8%.
The market size was valued at USD 12.2 Bn . in 2023 and the total Global Semiconductor Manufacturing Chemical revenue is expected to grow at a CAGR of 8.82% from 2024 to 2030, reaching nearly USD 22.04 Bn . by 2030.
: The market size was valued at USD 4.82 Bn . in 2023 and the total Semiconductor Wafer Inspection Equipment Market revenue is expected to grow at a CAGR of 10.28 % from 2024 to 2030, reaching nearly USD 9.56 Bn . by 2030.
Stellar Market Research is a multifaceted market research and consulting company with professionals from several industries. Some industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems.
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