Increasing Uptake of Wearables to Benefit FinFET Technology Market

Pune, India, May 2020, MRFR Press Release/- Market Research Future has published a Half-Cooked Research Report on the Global FinFET Technology Market.

FinFET Technology Market Dynamics

Market Research Future (MRFR) anticipates considerable gains for the FinFET technology market, as it is set to expand at a tremendous rate of 35.29% between 2024 and 2032. The market can also project to touch a valuation of USD 1.89 Billion by 2032-end, says MRFR.

Main Drivers and Top Barriers

The boom in the chips and integrated circuits manufacturing processes has increased the uptake of the FinFET technology. The benefits offered by the chipsets that are equipped with FinFET include the ability to function on lower voltages and the quicker speed of operating compared to the non-FinFET chipsets. These benefits are responsible for the strong market growth across the globe.

The mounting demand for better quality chips that prevent ebb and flow spillage can be one of the most significant growth boosters in the FinFET technology market. The rising deployment of these chips in wearables is due to the fact that a number of companies are focusing on using the latest technologies to cater to the constantly evolving demand of the buyers. The increasing use of the FinFET technology in devices such as cell phones can also fuel the market development in the approaching period.

MRFR has offered the latest impact analysis on COVID-19, which reveals that in a matter of few months, the pandemic has managed to drastically impact the semiconductor industry. The study of the long-term impact of COVID-19 suggests that the semiconductor industry can remain fortified as a number of companies are working from home to ensure that their operations continue during the lockdown period. Moreover, the digital platforms are constantly being used to access the content, which can mean higher demand for smartphones, laptops, data centers, and more. Although the short-term impact can cause slight inconvenience, the FinFET technology market holds a lot of promise and can emerge stronger in the coming years. In a nutshell, the heightened demand for chips that use the FinFET technology within the semiconductor industry and the increasing use of tablets and laptops during the lockdown period can give rise to lucrative opportunities for the worldwide market.

Market Segmentation

The FinFET technology industry has been considered for technology, application and end user.

The key technologies covered in the market study include 3nm, 5nm, 7nm, 10nm, 14nm, 16nm, 20nm, and 22nm. The 10nm segment holds the value of USD 8,831.1; and can gain steadily during the assessment period.

The primary applications of the FinFET technology are Network Processor, Central Processing Unit (CPU), Graphics Processing Unit (GPU), Field-Programmable Gate Array (FPGA) and System-on-Chip(SoC). In 2018, the SoC application was the leading segment, while the second lead was taken by the network processor segment the same year. However, the best growth rate will be achieved by the CPU segment over the next few years.  

The main end-users in the global market are mobile, automotive, cloud server/high-end networks, IoT/consumer electronics, and others. The IoT/consumer electronics segment dominated the industry in the year 2018 and MRFR expects it to record the highest growth rate in the preceding years. The second-best segment in the market belonged to mobiles segment in 2018.  

Regional Insight

North America, Asia Pacific or APAC, South America, the Middle East and Africa or MEA and Europe are the primary markets for FinFET technology. Out of these, MRFR recognized North America as the most profitable market in 2018 and it is presumed that the regional market can further expand at an outstanding rate of 40.0% between 2019 and 2025.

The profound market growth in North America is the outcome of the sizeable investments in the smartphones market by the large enterprises. Further, joint ventures, collaborations, partnerships and contracts are some of the most preferred strategies that bring the whole FinFET technology industry together, leading to striking progress across the region.

Experts project that in the next several years, APAC can observe a high uptake of the FinFET technology, given the surge in the manufacturing activities in India and China, among others. The market will most likely benefit from the prolific deployment of advanced smartphones as well as automotive CPUs. India, Korea, China and Japan are touted to be the biggest contributors towards revenue growth in the FinFET technology market.

Top Players

Top players highlighted in the report are Atomera, Inc. (US), Xilinx, Inc. (US), United Microelectronics Corporation (Taiwan), Apple Inc. (US), Qualcomm Technologies Inc. (US), Samsung Electronics Corporation Ltd (South Korea), ARM Limited (UK), Huawei Technologies Co. Ltd (China), GLOBALFOUNDRIES (US), Intel Corporation (US), NVIDIA Corporation (US), Advanced Micro Devices (AMD) Inc. (US), Broadcom Inc. (US), Semiconductor Manufacturing International Corp. (China), Taiwan Semiconductor Manufacturing Co. Ltd (Taiwan), MediaTek, Incorporated (Taiwan), to name a few.