FinFET Technology Market Size, Share Report, Analysis, Trends, Growth 2032

FinFET Technology Industry Prospective:

The global FinFET technology market size was worth around USD 68.43 billion in 2023 and is predicted to grow to around USD 1413.73 billion by 2032 with a compound annual growth rate (CAGR) of roughly 40.00% between 2024 and 2032.

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FinFET Technology Market: Overview

FinFET is a type of field-effect transistor (FET). Instead of a completely planar structure, it has a thin vertical fin. In addition to this, the gate in FinFET completely wraps the channel across three sides that are formed between the drain and the source. FinFETS are considered the foundation of the contemporary nanoelectronic semiconductor-driven industry since it is used for powering several types of modern electronic devices across industries. FinFET containing microchips were initially commercialized during the 2010s and since then have become widely accepted across the globe for the production of the latest technologies. FinFETS upon commercialization replaced the traditionally used metal-oxide-semiconductor field-effect transistors (MOSFETs) for multiple reasons. One of the most pivotal reasons for the growing demand for technologies with higher computational density led to the use of a higher number of transistors. This in turn impacted the overall size of the chips which did not fit the growing notion of miniaturization by effective electronic devices. FinFET technology provides the necessary solution since it offers improved performance and a lower power consumption rate. In addition to this, it allows electronic device makers to develop compact products without worrying about the overall performance value.

Key Insights:

• As per the analysis shared by our research analyst, the global FinFET technology market is estimated to grow annually at a CAGR of around 40.00% over the forecast period (2024-2032)
• In terms of revenue, the global FinFET technology market size was valued at around USD 68.43 billion in 2023 and is projected to reach USD 1413.73 billion, by 2032.
• The market is projected to grow at a significant rate due to the rising demand for high-performance automotive electronics
• Based on the end-user industry, the IT & telecommunications segment is growing at a high rate and will continue to dominate the global market as per industry projection
• Based on the technology, the 7nm segment is anticipated to command the largest market share
• Based on region, Asia-Pacific is projected to dominate the global market during the forecast period

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FinFET Technology Market: Growth Drivers

Rising demand for high-performance automotive electronics will drive the market growth rate

The global FinFET technology market is expected to grow due to the increasing demand for high-performance automotive electronics. The four main categories of electronic devices used in automotive vehicles are safety-related technologies, powertrain electronics, infotainment systems, and chassis electronics. An automotive vehicle comprises several electronic components that can be categorized into these four main segments. Each component is important for the safety of the passenger and the performance of the vehicle. For instance, powertrain electronic devices ensure that vehicle transmission and engine are well maintained and functioning at optimal levels. Vehicle systems such as the ignition unit, engine control unit (ECU), engine cooling unit, and exhaust after-treatment system are powered by powertrain electronic components. Infotainment systems, the latest additions to automotive vehicles, provide a form of passing important information and entertainment to the passengers. They are used for delivering information such as navigation guidance, vehicle status updates, and climate & audio system management. Modern customers are actively seeking automotive vehicles that deliver exceptional performance and safety. Moreover, they are willing to spend on automobiles with unique features such as advanced driver assistance systems, connected car technology, and autonomous driving. Furthermore, the growing demand for electric vehicles (EVs) across commercial and passenger sectors may fuel a higher market growth rate. In June 2023, Australia witnessed the launch of the country’s least expensive electric car manufactured by the leading EV producer BYD.

Growing sales of advanced portable and compact consumer electronics will be beneficial to the industry

The global FinFET technology market is expected to benefit from the rising sale of highly advanced consumer electronics. FinFET technology has significant implications for the production of cutting-edge portable and compact consumer electronics such as smartphones, tablets, laptops, and other devices. The rising population rate along with growing disposable income, and surging sales of consumer electronics through online channels will affect the demand for FinFET systems.

FinFET Technology Market: Restraints

Design and manufacturing complexities of FinFET may restrict the market expansion rate

The global industry for FinFET technology will be restricted due to the complexities associated with its design and manufacturing. The two main complex areas are requirements for achieving multi-patterning lithography, timing analysis, and accurate higher levels of extraction. Achieving multi-patterning lithography requires in-design physical verification and rule-aware placement & routing. In addition to this, the manufacturing process of the FinFET technology is highly variable, further adding to the complications in the industry.

FinFET Technology Market: Opportunities

Surging investments in 5G and Internet of Things (IoT) technologies will deliver exceptional growth opportunities

The global FinFET technology market is projected to grow due to the rising investments in the development and expansion of 5G connectivity. The FinFET technology has been crucial for the initial development of the 5G network. For instance, in 2018, researchers at the GlobalFoundries and Purdue University developed the most advanced transistors that could vibrate at frequencies necessary for the development of 5G-enabled phones and gadgets more compact and energy efficient. At the time of the development, researchers had claimed that the technology could form the basis for the development of novel computing systems. In one of the most recent developments, the KAIST research team developed the world's first security cryptographic semiconductor in 2023. The group innovated the first-of-its-kind cryptographic transistor based on FinFET technology and called it the Cryptoristor. Moreover, the technology is 100% compatible with silicon. It is made of a special mechanism and is an unmatched random number generator (RNG) made of a single transistor. The tool can be used for preventing the rising cases of hacking and cyber crimes which have become more common in the growing 5G era thus demanding the need for more secure solutions.

Higher investments in the development of novel medical devices could deliver growth avenues for the industry players

The global healthcare industry is under burgeoning pressure as the number of patients requiring quality medical care is on the rise. This has led to an increased rate of investments toward the development of novel medical devices that can help improve the quality of medical services including treatment, diagnosis, and pre or post-operative care. The global FinFET technology can generate high growth opportunities under such circumstances the medical device industry may grow at a CAGR of over 12% during the forecast period.

FinFET Technology Market: Challenges

Emerging market for gate-all-around FET (GAAFET) may challenge the market expansion trends

The global industry for FinFET technology is expected to be challenged by the growing market for GAAFET technology. It is an emerging variant of FinFET technology and is claimed to deliver superior performance upstaging FinFET systems. In 2023, Samsung started to ship GAAFET silicon, especially 3nm and 4nm field-effect transistors. Chip makers are actively investing in GAAFET systems as the novel technology has the potential to promote the expansion of the 6g network.

FinFET Technology Market: Segmentation

The global FinFET technology market is segmented based on end-user industry, application, technology, product, and region.

Based on the end-user industry, the global market segments are consumer electronics, automotive & transportation, healthcare & life sciences, IT & telecommunications, and others. In 2023, the global market was led by the IT & telecommunications segment. FinFET technology is used across IT and networking devices. The growing investments in 5G connectivity and the expansion of existing 4G internet connections worldwide were crucial to the segmental growth rate. The Indian government has invested around INR 1.5 lakh crore for the year 2024 to boost 5G development in the country.

Based on the application, the global market is segmented into drones/UAVs, automotive electronics, inertial measurement units (IMU), smart TVs, smartphones, navigation systems, medical devices, AR/VR devices, and others.

Based on the technology, the global FinFET technology industry is segmented into 5nm, 7nm, 10nm, 14nm, 16nm, 20nm, and 22nm. In 2023, the highest growth was observed in the 7nm segment and is expected to continue leading the segmental growth in the coming years. 7nm FinFET can deliver a logic density increase of 1.6 times higher as compared to its 10nm counterpart. Additionally, it also delivers improved speed by 20% making it an ideal choice for investment among the industry players.

Based on product, the global market divisions are FPGA, CPU, ASIC, SoC, and network processor.

FinFET Technology Market: Report Scope

FinFET Technology Market: Regional Analysis

Asia-Pacific to continue dominating the market during the projection period

The global FinFET technology market will be led by Asia-Pacific. In 2023, the region dominated over 38% of the global market share. Taiwan and China are the leading contributors to the regional market. The presence of the world’s most dominant semiconductor foundries in these countries is helping Asia-Pacific maintain its dominance. In May 2024, Taiwanese chip maker Powerchip Semiconductor Manufacturing Corp announced the launch of a 12-inch fab influenced by the growing demand for advanced artificial intelligence (AI) systems and by leveraging the novel chip-on-wafer-on-substrate (CoWoS) packaging technology. In addition to this, in January 2024, Taiwan-based Taiwan Semiconductor Manufacturing Company (TSMC) announced that it will launch a new chipmaking foundry in Japan as the company plans to expand its presence across global locations. The growing innovation rate in the regional market driven by the rising demand for power-efficient chips will work in the favor of Asia-Pacific. In May 2023, TSMC partnered with NXP Semiconductors. The latter is an automotive processing firm and the partnership will lead to the development of automotive embedded magnetic Random Access Memory (MRAM) in 16nm FinFET technology. The new launch will be the world’s first such technology.

FinFET Technology Market: Competitive Analysis

The global FinFET technology market is led by players like:

• Semiconductor Manufacturing International Corporation (SMIC)
• Taiwan Semiconductor Manufacturing Company Limited (TSMC)
• Qualcomm Incorporated
• United Microelectronics Corporation (UMC)
• Xilinx Inc.
• Synopsys Inc.
• IBM Corporation
• Intel Corporation
• NVIDIA Corporation
• Cadence Design Systems Inc.
• Samsung Electronics Co. Ltd.
• Advanced Micro Devices Inc. (AMD)
• STMicroelectronics N.V.
• GlobalFoundries Inc.
• Micron Technology Inc.

The global FinFET technology market is segmented as follows:

By End-User Industry

• Consumer Electronics
• Automotive & Transportation
• Healthcare & Life Sciences
• IT & Telecommunications

By Application

• Drones/UAVs
• Automotive Electronics
• Inertial Measurement Unit (IMU)
• Smart TVs
• Smartphones
• Navigation Systems
• Medical Devices
• AR/VR Devices

By Technology

• 5nm
• 7nm
• 10nm
• 14nm
• 16nm
• 20nm
• 22nm

By Product

• FPGA
• CPU
• ASIC
• SoC
• Network Processor

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa