Semiconductor Foundry Market Size

Semiconductor Foundry Market size was over USD 113.64 billion in 2023 and is likely to reach USD 316.58 billion by 2036, witnessing around 8.2% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of semiconductor foundry is assessed at USD 121.09 billion. The growth of the market can be attributed to the increasing demand for connected cars globally, and growing emphasis on the adoption of automation, analytics and machine learning techniques. Apart from these, rise in demand for 5G smartphones, and high-performance computing products including tablets, PCs, servers and game consoles are also expected to drive market growth in the near future. In 2020, the total shipments of 5G-enabled smartphones in 2020 increased by 20 percent, whereas this same quantity is calculated to grow up by more than 50 percent by the year 2022. Furthermore, surge in adoption of internet of things or IoT enabled devices and increase in government funding for the advancement of semi-conductor technology in several developed nations are projected to provide ample growth opportunities to the market in the upcoming years.