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(IT-NEWSWIRE.COM, May 17, 2018 ) The global semiconductor foundry market is expected to register a CAGR of 6.68% during the forecast period (2018 - 2023).
The semiconductor foundry market is entirely driven by the demand for semiconductors. These foundries use semiconductor manufacturing equipment to make ICs. Expansion plans of semiconductor manufacturers, coupled with replacement of old semiconductor manufacturing equipment with new equipment, are some of the factors increasing the demand for semiconductor equipment. The rising demand for smartphones and tablets is a major factor impacting the market growth. These devices are increasingly being adopted in emerging markets, leading to increased demand for semiconductor wafers.
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Increasing Demand for IoT
The global Internet of Things (IoT) market is growing at a significant rate. A rise in the number of interconnected smart devices over the internet, coupled with advances in sensor technologies, is fueling the adoption of IoT for faster data communication. Favorable support from governments for the adoption of IoT in several industries, coupled with the mass adoption of internet, are driving the adoption of IoT, thereby increasing the growth of the semiconductor foundry market.
Consumer Electronics to Occupy Significant Market Share
Changing consumer preferences, along with the presence of advanced consumer electronic devices, such as LCD and LED TVs is creating the demand for semiconductor devices. Moreover, with the advent of 3D and UHD TVs, the demand for ICs has increased significantly. The availability of low-cost smartphones in emerging markets, such as China and India, and increased access to the Internet, worldwide, are expected to increase the shipment of smartphones.
Read details of the report at: http://orbisresearch.com/reports/index/global-semiconductor-foundry-market-growth-trends-and-forecast-2018-2023?utm_source=r0h!t
Asia-Pacific to Occupy Significant Market Share
Asia-Pacific is one of the most active manufacturing hubs in the world. Countries, like China, Japan, South Korea, Indonesia, Singapore, and Australia, have recorded high manufacturing in the consumer electronics and automotive and transportation sector, which is a major source of demand for semiconductor foundry in the region.
Key Major Players
TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED (TSMC), UNITED MICROELECTRONICS CORPORATION (UMC), GLOBALFOUNDRIES, SAMSUNG ELECTRONICS, SMIC, POWERCHIP TECHNOLOGY5, TOWERJAZZ, FUJITSU SEMICONDUCTOR, VANGUARD INTERNATIONAL, SHANGHAI HUAHONG GRACE SEMICONDUCTOR, , amongst others.
Key Developments in the Market
March 2018 - Renesas Electronics outsourced its automotive microcontroller production to Taiwan Semiconductor Manufacturing Co., as it seeks to cut costly outlays on chip making machinery.
Reasons to Purchase the Report
Impact of growing IoT and consumer electronics
Analyzing various perspectives of the market with the help of Porter’s five forces analysis
Growth across several end users, such as consumer electronics, industrial, and automotive
Regional analysis of the market
Identify the latest developments, market shares, and strategies employed by the major market players
3-month analyst support, along with the Market Estimate sheet (in excel)
Customization of the Report
This report can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
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Orbis Research
Hector Costello
+1 (214) 884-6817
sales@orbisresearch.com
Source: EmailWire.Com 
Source: EmailWire.com
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