Global Fin Field-Effect Transistor (FinFET) Technology Market Size Forecast 2024-2033
12 Dec, 2024
How Is The Global Fin Field-Effect Transistor (FinFET) Technology Market Defined?
Fin field-effect transistor (FinFET) technology refers to a semiconductor manufacturing process that uses a three-dimensional (3D) transistor structure to improve the performance and power efficiency of integrated circuits (ICs). This technology is particularly useful for applications where high performance and low power consumption are critical, such as smartphones and wearables.
Fin Field-Effect Transistor (FinFET) Technology Global Market Report 2024 provides data on the global fin field-effect transistor (finfet) technology market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The fin field-effect transistor (finfet) technology market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.
What Are The Projections Exist For The Global Fin Field-Effect Transistor (FinFET) Technology Market Size And Annual Growth Rates?
The field-effect transistor (FinFET) technology market has grown rapidly, with its size increasing from $26.34 billion in 2023 to $31.89 billion in 2024 at a CAGR of 21.1%. Historical growth was fueled by the expansion of 5G networks, the proliferation of IoT devices, rising demand for wearables, advancements in high-performance computing, and increased use in medical imaging devices. The market is expected to continue its exponential growth, reaching $69.25 billion by 2028 at a CAGR of 21.4%, driven by the rise of AI and machine learning, the demand for high-performance chips, growth in automotive electronics, ongoing R&D efforts, and smartphone adoption. Major trends include technology advancements, AI integration, development of design automation tools, mixed-signal integration, and the emergence of quantum computing.
Which Key Drivers Are Propelling The Fin Field-Effect Transistor (FinFET) Technology Market's Growth?
The growing mobile and consumer electronics market is expected to propel the growth of the FinFET technology market. Consumer electronics include products designed for personal, non-professional use, and mobile devices are portable electronic items that operate without physical connections. The mobile and consumer electronics sectors are expanding due to factors like increasing connectivity, shifting consumer preferences, and the demand for mobility and portability. FinFET technology plays a key role in enhancing mobile and consumer electronics by enabling the development of smaller, more powerful, and energy-efficient devices with richer features. For instance, sales in electronics and appliance stores increased to $7,814 million in 2024, up from $7,678 million in 2023, according to Federal Reserve Economic Data. Additionally, mobile connections in the UK grew by 3.8% in 2022, highlighting a rise in mobile device usage. Hence, the growth in mobile and consumer electronics is driving the FinFET technology market.
Get Your Free Sample of the Global Fin Field-Effect Transistor (FinFET) Technology Market ReportWhat Are The Key Segments Within The Global Fin Field-Effect Transistor (FinFET) Technology Market?
The fin field-effect transistor (FinFET) technology market covered in this report is segmented –
1) By Type: Shorted Gate (S.G.), Independent Gate (I.G.), Bulk FinFETS, Silicon On Insulator (SOI) FinFETS
2) By Technology: 3nm, 5nm, 7nm, 10nm, 14nm, 16nm, 20nm, 22nm
3) By Application: Central Processing Unit (CPU), System-On-Chip (SoC), Field-Programmable Gate Array (FPGA), Graphics Processing Unit (GPU), Network Processor
4) By End User: Mobile, Cloud Server Or High-End Networks, Internet Of Thing (IoT) Or Consumer Electronics, Automotive, Computer And Tablets, Wearable, Other End Users
How Are New Trends Impacting The Size Of The Fin Field-Effect Transistor (FinFET) Technology Market?
Key players in the FinFET technology market are advancing next-generation zonal processors to reinforce their market positions. These processors represent a new level of automotive processing technology designed to meet the sophisticated requirements of modern vehicles. In May 2023, NXP Semiconductors, headquartered in the Netherlands, collaborated with Taiwan Semiconductor Manufacturing Company to introduce the industry's first automotive embedded MRAM on 16 nm FinFET technology. This innovation enhances performance and energy efficiency, while MRAM technology offers faster writing speeds, greater endurance, and superior data retention. These advancements support applications such as advanced driver-assistance systems, autonomous driving, and in-vehicle infotainment, driving the development of more intelligent and connected vehicles.
Which Region Drives The Highest Growth In The Fin Field-Effect Transistor (FinFET) Technology Market?
Asia-Pacific was the largest region in the fin field-effect transistor (FinFET) technology market in 2023. The regions covered in the fin field-effect transistor (FinFET) technology market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.