According to a recent report by Emergen Research, the global market for FinFET technology is expected to reach USD 58.48 billion by 2027. The market for FinFET technology is anticipated to expand significantly because of the benefits of chipsets made with FinFET technology, such as their capacity to run at lower voltages and faster processing speeds than non-FinFET chipsets. The use of these chips in wearable technology, which is being developed by a number of consumer electronics manufacturers to meet a variety of customer needs, has also had a positive effect on the market.
The demand among manufacturers is increasing as a result of the excellent properties of FinFET technology, which include greater technological flexibility than the planar distributed generator, suppressed short channel effect, improvement in driving current flow, and more portability. Additionally, the automotive industry uses these semiconductors and microprocessor chips in cars to give consumers better features, which will propel the market for FinFET technology in the automotive industry during the anticipated period.
The cost of the processed wafer and gate in SOIs is less expensive than that of bulk CMOS and FinFETs, and factors to be taken into account include the masking and processing phases, instrument depreciation, and modulation yields. Additionally, it is anticipated that the challenges in the design process will impede the expansion of the FinFET technology market.
Some of the Report’s Important Highlights
Due to the similarities between smartphone device processors and CPU features, the CPUs segment dominated the industry in 2019. The market for GPUs is anticipated to expand at the fastest CAGR during the period of the forecast. The use of augmented reality and virtual reality technology in today’s gaming consoles is anticipated to drive this market during the period of the forecast.
Due to its dependability, 10 nm technology is frequently used in high-performance and low-power applications. Due to ongoing technological advancements brought on by demand from the automotive and consumer electronics industries, the 14 nm technology market is anticipated to grow at an impressive rate. The 7nm system heavily relies on ultraviolet lithography to pattern metal layers, which helps to thin out the mask’s layers and improve fidelity.
Consumer electronics is the top revenue-generating end-use sector of FinFET technology due to the growing demand for mobiles from users who want advanced processors to speed up daily activity. The use of cloud storage and high-speed computing will likely lead to significant growth in the high-end network segment.
North America will dominate the FinFET technology market along with the adoption of artificial intelligence and machine learning as a result of the rising demand for smartphones and other technologies, while Asia-Pacific is anticipated to grow over the course of the forecast period as a result of the rising demand for technologically advanced smartphones. Additionally, the market growth in the future will be aided by the Asia-Pacific region’s expanding use of consumer electronics that are IoT and artificial intelligence enabled.
The leading players in the market include Samsung Electronics Corporation Ltd, MediaTek, Inc., Huawei Technologies Co. Ltd, NVIDIA Corporation, Apple Inc., Intel Corporation, ARM Limited, Taiwan Semiconductor Manufacturing Co. Ltd, Qualcomm Incorporated, Xilinx, Inc. and among others.