The value of the semiconductor foundry market stood at USD 146.5 billion in 2023, and this number is projected to reach USD 236.3 billion by 2030, advancing at a CAGR of 7.2% during 2023–2030. This growth of the market can be credited to the growing demand for ICs for utilization in vehicles, consumer electronics, medical devices, and others, the rising acceptance of IoT-based devices, and the increasing government backing for the expansion of the semiconductor sector.
Semiconductors are being utilized in numerous industries, which, ultimately, propels the industry. vehicle makers add vehicle electrical systems that need brilliant dependability of voltage regulators and power diodes. Combined circuits with different workings are utilized in several automotive offerings like navigation control systems, infotainment systems, and collision detection. For example, an autonomous, contemporary, and connected car has more than 3,000 latest technologies, which are featured with chips.
In 2022, the communication category generated the largest revenue share, of 35%. This is mainly because several devices in the industry come in many forms for the reason of communication, like tablets, smartphones, Bluetooth devices, laptops, and Wi-Fi routers, whose requirement is skyrocketing throughout the globe.
Nowadays, nearly all individual is using a smartphone. Worldwide, there are more than 6 billion operators of smartphones. Such devices have a variety of methods in which an individual can communicate like text, voice call, email, and video call. These also permit to gain access to the internet, and also numerous other tools like video recorders, cameras, and a multitude of apps.
In 2023, the APAC region dominated with the largest revenue share, of 45%, in the semiconductor foundry industry. This is mainly because of the government’s aid for the development of the semiconductor industry, the increasing end-use sectors, and the rising economies in the region.
In China, the semiconductor industry is increasing significantly with the help of the government. The nation has planned a 14th Five-Year Plan and set an aim to attain “independence” in all the categories of semiconductors. In the past 5 years, the nation has invested in the making of over 52 fabs. Furthermore, the government owns around 40% of its top 100 semiconductor companies.
The North American region held the second-largest semiconductor foundry market share.
This is mainly because of the rising semiconductor and electronics industries, the increasing need for electronic systems in the automotive sector, and the existence of key companies in the continent.
For numerous years, many companies have been directed toward emerging processors. Also, the dominance of the U.S. in semiconductors is the key factor for the technical expertise and economic dominance of the nation. The U.S. semiconductor industry has upheld its robust worldwide position in crucial technologies such as quantum computing, AI, and 5G.
