Global Semiconductor Foundry Market to Reach US$ 132.3 Billion by 2032, Propelled by Rising Demand for Consumer Electronics

March 28, 2023 | Electronics and Semiconductors

According to the latest report by IMARC Group, titled “Semiconductor Foundry Market Report by Technology Node (10/7/5nm, 16/14nm, 20nm, 45/40nm, and Others), Foundry Type (Pure Play Foundry, IDMs), Application (Communication, Consumer Electronics, Computer, Automotive, and Others), and Region 2024-2032”, the global semiconductor foundry market size reached US$ 82.4 Billion in 2023. A semiconductor foundry, also known as a semiconductor fabrication plant, refers to a specialized manufacturing facility that is used for manufacturing integrated circuits (ICs) and other semiconductors. A foundry is responsible for creating the chips that power modern electronic devices, including smartphones, laptops, cars, and medical equipment. In addition, foundries often have access to the latest manufacturing technologies and materials, which can improve the performance and quality of products. Foundries can offer their customers a streamlined, cost-effective semiconductor production solution with an end-to-end approach. A semiconductor foundry also offers economies of scale, which is impossible with in-house manufacturing. Furthermore, these facilities offer design services, testing, and packaging of finished products in addition to manufacturing ICs.

Global Semiconductor Foundry Market Trends:

The global market is majorly driven by the rising demand for consumer electronics, such as smartphones, tablets, laptops, and other consumer electronics. This can be attributed to rapid digitization across the globe. In line with this, the growing need for electronic components and systems in the automotive sector due to the rising demand for EVs is propelling the need for semiconductors used in automotive electronics. Besides this, continual innovations in vehicle safety, such as advanced driver-assistance systems (ADAS), infotainment systems, and engine control units to improve safety, comfort, and efficiency in vehicles, are further resulting in a higher product uptake. Moreover, continual technological advancements, including the Internet of Things (IoT) resulting in a larger number of connected devices and the development of advanced AI chips, such as graphics processing units (GPUs) and tensor processing units (TPUs) combined with artificial intelligence (AI) technology, is also driving the market. The market is further fueled by the advent and increasing rollout of 5G networks, which is propelling the demand for advanced semiconductors used in 5G infrastructure and devices. Apart from this, the escalating demand for specialized semiconductors in cloud computing that can handle complex computing tasks with high efficiency as well as provide secure data processing and communication is further fueling the market. Some of the other factors contributing to the market include rapid urbanization, higher uptake of wearable devices, rising trend of device miniaturization and extensive research and development (R&D) activities. On account of the aforementioned factors, the market is anticipated to reach a value of US$ 132.3 Billion by 2032, exhibiting a CAGR of 5.2% during 2024-2032.

Market Summary:

  • Based on the technology node, the market has been segmented into 10/7/5nm, 16/14nm, 20nm, 45/40nm, and others.
  • On the basis of the foundry type, the market has been divided into pure play foundry and IDMs.
  • Based on the application, the market has been categorized into communication, consumer electronics, computer, automotive and others.
  • On the geographical front, the market has been segregated into North America (the United States and Canada), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others), Latin America (Brazil, Mexico and others), and Middle East and Africa.
  • The competitive landscape of the market has been studied in the report with the detailed profiles of the key players. Some of these players include TSMC, DB HiTek, Fujitsu Semiconductor, GlobalFoundries, Magnachip, Powerchip, Samsung Group, Semiconductor Manufacturing International Corporation, STMicroelectronics, Tower Semiconductor Ltd., United Microelectronics Corporation, and X-Fab.

Report Coverage:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Segment Coverage Technology Node, Foundry Type, Application, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered TSMC, DB HiTek, Fujitsu Semiconductor Limited, GlobalFoundries, Magnachip, Powerchip, 
Samsung Group, Semiconductor Manufacturing International Corporation, STMicroelectronics, Tower Semiconductor Ltd., United Microelectronics Corporation and X-Fab
Customization Scope 10% Free Customization
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Global Semiconductor Foundry Market to Reach US$ 132.3 Billion by 2032, Propelled by Rising Demand for Consumer Electronics
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