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).

The semiconductor foundry industry is being driven by innovations in 5G, the Internet of Things (IoT), machine learning, and artificial intelligence (AI). High-tech applications demand that the foundries invest heavily in research and development to come up with advanced process nodes such as 7nm, 5nm, 3nm, and 2nm. TSMC and Intel have announced that they would speed up their 2nm production process plans. TSMC has moved its 2nm plan forward to fiscal year 2026, while Intel has brought forward its 2nm plan to fiscal year 2024. Markets for AI, IoT, and other future technologies are growing rapidly. These technologies are being assimilated into most aspects of one's life, including the use of wearables, smart homes, healthcare, automation in industries, and cars that drive themselves. With this expansion, semiconductor foundries will have the chance to offer the various semiconductor solutions needed for AI and IoT devices. AI applications, including machine learning and deep learning require specialized hardware accelerators, such as graphics processing units, tensor processing units, and neural processing units, to successfully complete complex calculations. The Internet of Things ecological environment is a hub for billions of networked devices that collect and share data online. All such devices require semiconductor solutions in their system for wireless communication, sensor interfaces, power management, and security features.

US Semiconductor Foundry Market is poised to grow at a sustainable CAGR for the next forecast year.