Semiconductor Foundry Market Report: Trends, Analysis, and Growth Forecasts | P&S Intelligence
The semiconductor foundry market was USD 146.5 billion in 2023, which will rise to USD 236.3 billion, with a 7.2% compound annual growth rate, by 2030.
Semiconductor Foundry Market Size and Share Analysis@ https://www.psmarketresearch.c....om/market-analysis/s
The growth of this industry is because of the mounting need for integrated circuits in the rising consumer electronics, medical, automotive, and various other sectors, the increasing government investment for the expansion of the semiconductor sector, and the surging acceptance of IoT-enabled devices.
Moreover, semiconductors are essential components in electronic devices in communication, computing, automotive, defense, and healthcare & medical sectors; and substantial evolving technologies like quantum computing and AI.
Furthermore, over the past few years, a swift move has been observed in customer behavior, which has made the world more focused on technology. Moreover, industry players and governments are actively following the expansions in the microelectronics sector as these technologies can possibly boost R&D for microelectronics and the demand for semiconductors.
During the pandemic of COVID-19, companies efficiently shifted their processes online and allowed employees to safely and remotely work without interference, with the aid of devices and technologies driven by semiconductors.
Therefore, the requirement has grown significantly for devices and infrastructure to support the new educate-from-home and work-from-home settings. As a result, digital transformation has offered significant opportunities in the semiconductor sector.
In 2022, the communication category, based on application, was the largest contributor to the semiconductor foundry market, with a 35% share. This can be because many devices in this sector come in various forms for communication purposes like tablets, smartphones, laptops, Wi-Fi routers, and Bluetooth devices, whose requirement is mounting globally.
