Semiconductor Foundry Market Size, Share, Growth Analysis, By Technology(CMOS, BiCMOS, GaAs), By Foundry Type(Pure Play Foundry, IDMs), By Application(Automotive, Consumer Electronics, Industrial, Healthcare), By Region - Industry Forecast 2024-2031

Global Semiconductor Foundry Market size was valued at USD 106.92 billion in 2022 and is poised to grow from USD 115.6 billion in 2023 to USD 215.88 billion by 2031, growing at a CAGR of 8.12% during the forecast period (2024-2031).

Global Semiconductor Foundry market is extremely competitive. Due to the presence of numerous small and large players, the market is highly concentrated. All of the major players have a large market share and are concentrating on expanding their customer base globally. However, due to a shortage of semiconducting electronics components, various automotive manufacturers are having difficulty maintaining production schedules. Furthermore, the small capacity expansion of 8-inch semiconductor production in recent years has exacerbated the shortage. This has resulted in price increases in the short term. This scenario, combined with a significant decline in global demand for passenger and commercial vehicles, had a negative impact on automotive segment revenues. 'Taiwan Semiconductor Manufacturing Company Limited ', 'United Microelectronics Corporation ', 'GlobalFoundries ', 'SMIC ', 'Tower Semiconductor ', 'Powerchip Semiconductor Manufacturing Corp. ', 'Vanguard International Semiconductor Corporation ', 'Hua Hong Semiconductor Limited ', 'DB HITEK ', 'Intel Corporation ', 'Samsung Group ', 'Dongbu HiTek ', 'Hua Hong Semiconductor Limited ', 'Infineon Technologies AG ', 'Renesas Electronics ', 'Microchip Technology Inc. ', 'Silicon Labs ', 'Broadcom, Inc. ', 'Cypress Semiconductor ', 'AnSem N.V. ', 'Maxim Integrated ', 'NXP Semiconductors'

The increasing demand for integrated circuits (ICs) for use in automobiles, electronic goods, medical equipment, military hardware, and smart home appliances is one of the major factors driving market growth. The growing global adoption of IoT-enabled devices is going to drive up the requirement for integrated circuits (ICs). Furthermore, government funding for semiconductor technology advancement from a variety of countries is propelling the sector forward and driving the expansion of the Semiconductor Foundry Market.

The Global Semiconductor Foundry market is rapidly expanding at the moment. As a result of the increased use of semiconductors in autonomous driving, semiconductor foundries are expanding their efforts in automotive chip production, which is driving the market. These solutions will benefit many industries. Some of the major industries that use semiconductor foundry services are telecommunications, computing and networking, electronic goods, and automotive.

In 2021, the Asia-Pacific region dominated the global market, with major companies such as TSMC and Samsung Electronics, among others. Taiwan, South Korea, Japan, and China are major players in the region, each with a sizable market share.