The global fin field effect transistor (FinFET) market is anticipated to record an opulent CAGR of 23.5% throughout the forecast period from 2022 to 2032. The global market is expected to reach US$ 12,034.1 Million in 2022 and is predicted to be valued at US$ 99,071.0 Million by 2032. According to the Future Market Insights analysis, during the historic period, the fin field effect transistor (FinFET) market grew at a CAGR of 22.3% from 2016-2021.
The fin field effect transistor (FinFET) market at present is driving at a phenomenal pace as it secures a higher CAGR. Surging demand for better chipsets with broad applications along with expanding mobile and consumer electronics market is expected to propel the FinFET market growth during the forecast period.
The adoption of fin field effect transistors (FinFET) is predicted to rise owing to their growing use in the design of modern processors over the recent years. This has resulted in the rise of the width of the channel along with its devices. In addition to that, FinFET conducts channel as well as create a thin silicon-designed structure which is known as a gate electrode. These factors are likely to rise the fin field effect transistors (FinFET) market share during the forecast period.
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Key Takeaways
- Over the recent years, technological advancements on the internet of things (IoT) have fueled the requirement for fin field effect transistors as it drives higher current to electronic applications. This factor is expected to drive growth in the market over the projection period.
- The surging demand for fin field effect transistors (FinFET) is on the rise owing to the increased power and space efficiency in multiple electronic systems over recent years. Fin field effect transistors market size is expanding at a rapid pace as numerous IoT devices are drastically gaining traction in both consumer and enterprise markets.
- Owing to the massive input capacities, such transistors are known for their poor frequency response. FinFET on the other hand consists of extremely low linearity and is typically known as less linear as compared to bipolar junction transistors, which is responsible to restrain the fin field effect transistors (FinFET) market growth in the coming period.
- In addition, it is known to be harmed by static electricity & the complicated process of developing fin filed that has a positive effect on transistors and is constraining industry development considerably. Furthermore, the complex process of designing FinFET may limit the fin field effect transistors (FinFET) market trends to the emerging economies getting industrialized rapidly.
Competitive Landscape
The fin field effect transistors (FinFET) market is known to be fragmented attributed to the presence of various important players present in the market over the recent years among several regions. These players are focusing on adopting various effective methodologies in order to acquire maximum revenue in the market. Some of their common marketing strategies are acquisitions, partnerships, and product launches.
Furthermore, fin-field effect transistors are widely utilized in diverse productions and application procedures. Moreover, the most experienced semiconductor manufacturers are concentrating on offering better and more effective transistors in the coming forecast period, which could set an emerging trend in the fin field effect transistors (FinFET) market.
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More Insights into the Fin Field Effect Transistor (FinFET) Market
The Asian Pacific region is likely to dominate the global Fin Field Effect Transistor (FinFET) Market as it acquires the highest CAGR throughout the assessment period. The growth of the consumer electronics sector and surging advancements in these devices including headsets, projectors, and smart connectivity, are propelling the market growth. Other devices such as smart wearable electronics devices and on-body smart garments are rising profitable growth in the Asia-Pacific region in recent years.
North American region is expected to showcase rapid growth over the projection period as it is expected to register a CAGR of 34.6% over the projection period. Due to the surging smartphone penetration around the world along with rising technological advancements such as artificial intelligence, IoT, and machine learning, which are boosting demand for FinFET Technology. Attributing to the increasing variety of several applications in the region results in the rise in the adoption of fin field effect transistors (FinFET) market share.
Key Segments:
By Technology:
- 22nm
- 20nm
- 16nm
- 14nm
- 10nm
- 7nm
By Product:
- Smartphones
- Computer & Tablets
- Wearables
- Automotive
- Industrial Products
- Other Products
By Region:
- North America
- Latin America
- Asia Pacific
- MEA
- Europe
Author:
Sudip Saha is the managing director and co-founder at Future Market Insights, an award-winning market research and consulting firm. Sudip is committed to shaping the market research industry with credible solutions and constantly makes a buzz in the media with his thought leadership. His vast experience in market research and project management a consumer electronics will likely remain the leading end-use sector cross verticals in APAC, EMEA, and the Americas reflects his growth-oriented approach to clients.
He is a strong believer and proponent of innovation-based solutions, emphasizing customized solutions to meet one client’s requirements at a time. His foresightedness and visionary approach recently got him recognized as the ‘Global Icon in Business Consulting’ at the ET Inspiring Leaders Awards 2022.
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