Semiconductor foundry market to grow at a CAGR of 7.74% by 2027: North America is estimated to account for 40% of the growth - Technavio
NEW YORK, Dec. 7, 2023 /PRNewswire/ -- According to Technavio, the global semiconductor foundry market size is estimated to grow by USD 42,781.83 million from 2022 to 2027. The market is expected to grow at a CAGR of 7.74% during the forecast period. Moreover, the growth momentum will accelerate. Based on geography, the global semiconductor foundry market is segmented into North America, APAC, Europe, South America, and Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global semiconductor foundry market. North America is estimated to account for 40% of the growth of the global market during the forecast period. This growth is primarily attributed to factors such as high sales. The region has some of the leading semiconductor fabless companies. In addition, most of the customers in the global market are from North America. The US is the key contributor to the revenue growth of the market in the region owing to supportive government initiatives. The report includes historic market data from 2017 to 2021. In 2017, the semiconductor foundry market was valued at USD 80,183.69 million. The report provides a comprehensive analysis of growth opportunities at regional levels, new product launches, the latest trends, and the post-pandemic recovery of the global market. For more insights on market size, request a sample report.
Semiconductor foundry market - Five forces
The global semiconductor foundry market is fragmented, and the five forces analysis covers–
Semiconductor foundry market – Customer landscape
The report includes the market's adoption lifecycle, from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Semiconductor foundry market - Segmentation assessment
Technavio has segmented the market based on type (pure-play foundries and IDMs) and application (communications, pcs/desktop, consumers, automotive, and others).
Semiconductor foundry market – Market dynamics
Leading trends influencing the market
Major challenges hindering market growth
What are the key data covered in this semiconductor foundry market report?
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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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