The Europe Semiconductor Foundry Market would witness market growth of 7.2% CAGR during the forecast period (2023-2030).
The market plays a vital role in the electronics industry. They enable various businesses, from emerging startups to well-established technology leaders, to introduce their semiconductor designs to the market without making substantial investments in manufacturing facilities. This encourages creativity and competition within the semiconductor sector, fostering advancement across various technological fields, including consumer electronics, automotive applications, and beyond.
The rise in consumer electronics use and the explosive growth of Internet of Things (IoT) technologies will likely cause the market to grow rapidly during the forecast period. Additionally, during the projection period, it is projected that increased investments in semiconductor wafer production equipment and materials will boost the growth of the market.
Foundries are crucial in the semiconductor industry because they provide manufacturing capabilities to chip-designing companies without their fabrication facilities. This outsourcing model increases semiconductor production's adaptability and cost-effectiveness. Inflections in technology such as the Internet of Things (IoT), cloud computing, and Artificial Intelligence (AI) drive the semiconductor industry's long-term demand. AI creates new opportunities for the semiconductor industry, as many AI applications rely on hardware as a key innovation enabler, particularly for logic and memory functions. The industry's overall growth is anticipated to be greatly influenced by the demand for chips associated with the rapidly expanding use of AI.
France is known for its high-quality televisions and home entertainment systems. Semiconductor foundries supply chips for advanced display technologies, audio processing, and connectivity features. The French consumer electronics sector includes various smart home devices, including smart thermostats, lighting systems, security cameras, and voice-activated assistants, all of which rely on semiconductor components. As consumer demands for more feature-rich and energy-efficient devices continue to grow, semiconductor technology remains essential for developing and enhancing a wide range of consumer electronics products in the French region. Due to these aspects, the market will grow across the Europe region in upcoming years.
The Germany market dominated the Europe Semiconductor Foundry Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $9,372.4 Million by 2030. The UK market is exhibiting a CAGR of 6.2% during (2023 - 2030). Additionally, The France market would experience a CAGR of 8% during (2023 - 2030).
Based on Node Size, the market is segmented into 7/5nm, 130nm, 5nm, 65nm, 45/40nm, 32/28nm, 180nm, 10/7nm, 16/14nm and Others. Based on Application, the market is segmented into Consumer Electronics, Telecommunication, Automotive, Defense & Military, Industrial and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Semiconductor Foundry Market will Hit $183.8 Billion by 2030, at a CAGR of 7.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Intel Corporation, Texas Instruments, Inc., GLOBALFOUNDRIES Inc., Samsung Electronics Co. Ltd, Hua Hong Semiconductor Limited, Taiwan Semiconductor Manufacturing Company Limited, United Microelectronics Corporation, Semiconductor Manufacturing International Corporation, Micron Technology, Inc., and X-FAB Silicon Foundries SE
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