The evolution of semiconductor industry in the past decade has led to various technological advancements in applications such as automotive, manufacturing, and consumer electronics, among others. The growth in these application sectors can be attributed to the impending use of integrated circuit (IC) or chip consisting of transistors, sensors, and actuators, among others. Since a chip consists of a number of transistors, the use of transistors in a particular application area is essential.
The advent of metal-oxide semiconductor field effect transistor (MOSFET) led to the production of many compact and efficient devices. However, the reduced channel length between the source and drain led to higher current leakage and gave rise to short channel effects such as surface scattering, velocity saturation, and hot electron effect, among others. This gave rise to the evolution of FinFET technology capable of overcoming the abovementioned barriers.
The FinFET technology witnessed a major increase in adoption rate for the usage in integrated circuits (ICs) due to several advancements in the technology such as superior levels of scalability, and advantages in terms of IC processing. The principle on which FinFET technology works is similar to that of conventional MOSFET. A major characteristic of FinFET is that the conducting channel is wrapped by a fin, which forms the main body of the device.
The use of advanced technology nodes for producing compact and efficient devices has changed the market paradigm by providing consumers with fast and efficient processors. The different technology nodes such as 7nm, 10nm, 14nm, 16nm, and 22nm are manufactured with FinFET technology. In terms of adoption, the 14nm technology node is widely used owing to its adaptability in low power and high performance application areas. As a result of continuous technological advancements, 7nm technology node is expected to grow at a robust rate owing to high demand from consumer electronics and automotive segment.
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FinFET technology market is used by various end users such as automotive, smart phones, wearables, computers and tablets, high-end networks, and others. Smart phones segment is the highest revenue generating segment among all the end users of FinFET technology owing to a high demand of smartphones from consumers for enhanced processors which improves day-to-day functioning.
The Global FinFET Technology Market research study published by Emergen Research is an extensive collection of insightful information about the FinFET Technology industry.
The report covers the FinFET Technology Market segmentation along with a detailed outline of the FinFET Technology market size with regards to volume and valuation.
The report provides comprehensive coverage of the FinFET Technology market scenario for the current period and forecast timeline of 2020-2027The global FinFET Technology market is anticipated to reach USD 58.48 Billion by 2027, according to a new report by Emergen Research.
Due to the advantages of chipsets designed with FinFET technology, such as the ability to operate at lower voltages and faster processing speeds than non-FinFET chipsets, the FinFET technology market is expected to grow significantly.
The use of these chips in wearable devices since many consumer electronics manufacturers are developing a wide variety of wearable devices to adhere to the varying needs of customers, has also made a positive impact on the market.Market Dynamics:The report offers insightful information about the market dynamics of the FinFET Technology market.
It offers SWOT analysis, PESTEL analysis, and Porter’s Five Forces analysis to present a better understanding of the FinFET Technology market, competitive landscape, factors affecting it, and to predict the growth of the industry.
The FinFET Technology Market is expected to grow from USD 4.91 Billion in 2015 to USD 35.12 Billion by 2022, at a CAGR of 26.2% between 2016 and 2022.
Although the FinFET technology market is currently dominated with laptops and tablets end user segment, the smartphones and wearables segments are expected to gain traction and grow at the highest rate during the forecast period.
The base year considered for the study is 2015, and the market size forecast is provided for the period between 2016 and 2022.The key players in the FinFET technology market include Intel (U.S.), TSMC, Ltd. (Taiwan), Samsung (South Korea), and GlobalFoundries (U.S.), among others.
These players have adopted various strategies such as partnerships, agreements, contracts, mergers & acquisitions, and new product developments to achieve growth in the global FinFET technology market.Get PDF Brochure : https://www.marketsandmarkets.com/requestsampleNew.asp?id=237424970Computers and smartphones were early adopters of FinFET technology and are driving the market, currently.
Certain end use segment such as wearable technologies and smartphones in this region have shown a positive outlook for the growth of the FinFET technology market.
This is a result of the necessity to adhere to the stringent corporate compliance and regulation requirements for these sectors, in which applications of FinFET technology account for a major share of the North American market.The FinFET technology market in APAC region is estimated to grow rapidly between 2016 and 2022.
