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Global Foundry Service Market Saw the Dominance of the Communications Segment in 2015 With Almost 57% Share: TechnavioAccording to the latest market study released by Technavio, the global foundry service market is expected to grow at a CAGR of 7.45% during the forecast period. This research report titled 'Global Foundry Service Market 2016-2020' provides an in-depth analysis of the market in terms of revenue and emerging market trends. This market research report also includes up to date analysis and forecasts for various market segments and all geographical regions. Burgeoning demand for wireless computing devices is one of the major drivers for the global foundry service market. The rising demand for high-performance devices with reliable and highly portable computing platforms and connectivity over wireless networks such as Wi-Fi, 3G, 4G, and Bluetooth to facilitate easy data exchange and transfer has pushed the adoption of wireless computing devices such as tablets, smartphones, wearables, and sensors. "These wireless computing devices require a high level of integration, accelerating the development of a number of new designs to support multiple applications on a single platform. This generates the need for IC chips that can house more number of transistors to support more functionalities," says Chetan Mohan, a lead analyst at Technavio for research on embedded systems. Request a sample report: http://www.technavio.com/request-a-sample?report=49842 Technavio's sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more. Based on end-user, the report categorizes the global foundry service market into the following segments:
The top three revenue generating end-user segments for the global foundry service market are discussed below: Global foundry service market by communications The segment was valued at USD 29.87 billion in 2015 and is expected to reach USD 43.62 billion by 2020, growing at a CAGR of 7.87% during the forecast period. Technavio analysts expect the segment to maintain its dominance in the global foundry service market during the forecast period due to increased adoption of communication devices such as smartphones and tablets. The launch of innovative, strategically priced products by vendors such as Samsung Electronics and Apple (News - Alert) has made communications the major contributing segment in the market. After 2017, the segment is likely to witness fluctuation and subsequent fall in the growth rate due to the cyclical nature of the global semiconductor industry. Global foundry service market by consumer electronics The segment was valued at USD 8.1 billion in 2015 and is expected to reach USD 13.12 billion by 2020, growing at a CAGR of 10.13% during the forecast period. The consumer electronics segment includes essential home devices like refrigerators, ACs, TVs, home theaters, and washing machines, as well as wearable devices such as smartwatches and fitness gadgets. The segment, which accounted for a revenue share of 15.43% in 2015, is likely to maintain position in the global foundry market during the forecast period. "The high demand for smart, efficient, and power-saving household equipment compels consumer electronics manufacturers to deliver high-end household products. The products are integrated with improved semiconductor equipment, capable of delivering high performance with more functionalities and reduced power consumption at a low cost," says Chetan. Global foundry service market by computer The segment was valued at USD 5.3 billion in 2015 and is expected to reach USD 6.36 billion by 2020, growing at a CAGR of 3.71% during the forecast period. The consumption of semiconductor ICs in this segment is declining due to increasing demand for communication devices such as smartphones and tablets. However, the segment will sustain with a nominal growth rate till 2019, due to the emergence of hybrid laptops and all-in-one (AIO) PCs in the market. The market will decline after 2019 due to thoughtful spending by developed countries, stiff competition from tablet manufacturers, and increasing penetration of phablets in developing countries. Top vendors in the global foundry service market In 2015, the global foundry service market was dominated by the major vendors such as GLOBALFOUNDRIES, Samsung Semiconductor, SMIC, UMC, and TSMC that contributed almost 85% to the market. TSMC alone accounted for a market share of more than 55%. This is because most of the fabless companies want to share long-term mutual agreements with the major foundries as they guarantee reliability and quality in production, and they have the capital necessary to update their production line to the latest technology constantly. Browse Related Reports:
Do you need a report on a market in a specific geographical cluster or country but can't find what you're looking for? Don't worry, Technavio also takes client requests. Please contact [email protected] with your requirements and our analysts will be happy to create a customized report just for you. About Technavio Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies. Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users. If you are interested in more information, please contact our media team at [email protected]. View source version on businesswire.com: http://www.businesswire.com/news/home/20160912005316/en/ |
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