Artificial Intelligence
Semiconductor Foundry Market Projected to Garner USD 72.27 Billion by 2028, at a CAGR of 7.2% – Report by Market Research Future (MRFR)
New York, US, Jan. 04, 2022 (GLOBE NEWSWIRE) — Market Overview:
According to a comprehensive research report by Market Research Future (MRFR), “Semiconductor Foundry Market information by Technology Node, by Industry, by Foundry Type and Region – forecast to 2028” market size to reach USD 72.27 billion, growing at a compound annual growth rate of 7.2% by 2028.
Market Scope:
Foundries are increasingly laying emphasis on adoption of analytics, ML, and automation. The perks provided by these technologies like increasing the yield without compromising the quality and optimizing the production process will offer robust opportunities for the market over the forecast period.
Besides, the increasing adoption of semiconductor foundry in automotive, consumer electronics, computing and networking, and telecom, growing need for network-enabled and portable devices with multimedia capabilities and internet connectivity, and government funding for the advances of semiconductor technology from various countries are also adding market growth.
Dominant Key Players on Semiconductor Foundry Market Covered are:
- Powerchip Semiconductor Manufacturing Corp. (Taiwan)
- United Microelectronics Corporation (Taiwan)
- Magnachip (South Korea)
- X-FAB Silicon Foundries (Germany)
- Vanguard International Semiconductor Corporation (Taiwan)
- TowerJazz (Tower Semiconductor Limited) (Israel)
- STMicroelectronics NV (Switzerland)
- Fujitsu Semiconductor Limited (Japan)
- Fujitsu Semiconductor Limited (Japan)
- Samsung Group (South Korea)
- Samsung Group (South Korea)
- Semiconductor Manufacturing International Corporation (SMIC) (China)
- United Microelectronics Corporation (UMC) (Taiwan)
- Global Foundries (US)
- Taiwan Semiconductor Manufacturing Company (TSMC) Limited (Taiwan)
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Market USP Exclusively Encompassed:
Market Drivers
Rising Demand for 5G Enabled Smartphones to Boost Market Growth
The growing demand for 5G enabled smartphones & high performance computing products will boost market growth over the forecast period. The upgrade to 5G has rapidly improved latency, reliability, and speed in mobile telecommunications networks. Every internet connected device needs high-speed connection in getting the data they require from 5G. Mobile phone makers are developing 5G phones for a future market. Such new, complex phones are likely to increase the need for semiconductors that are boosting market growth.
Complex Value Chain to Remain as Market Restraint
The complex value chain of the semiconductor foundry will remain as a market restraint in the forecast period.
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Segmentation of Market Covered in the Research:
The global semiconductor foundry market has been classified based on technology mode, foundry type, and industry.
The 130 nm technology mode by technology node will dominate the market in the forecast period. 130 nm technology nodes have an attractive cost structure and a longer life is adding to the growth of the segment.
Consumer electronics industry by industry will lead the market in the forecast period. Consumer electronics is amid the fastest-growing industry across the globe for the rapid technological advances and growing need for new technologies. Following increasing consumer need, companies have begun to focus on creating high-performing, convenient to use devices.
Pure play foundry by foundry type will have the lions share in the market in the forecast period.
Regional Analysis
APAC to Reign Semiconductor Foundry Market
The APAC region will reign the semiconductor foundry market over the forecast period. The presence of innovative technologies, the presence of numerous semiconductor foundry companies as well as service providers, the presence of several key players such as Taiwan Semiconductor Manufacturing Company (TSMC) Limited (Taiwan) , United Microelectronics Corporation (UMC) (Taiwan), Semiconductor Manufacturing International Corporation (SMIC) (China), Samsung Group (South Korea), Dongbu HiTek Co. Ltd (Korea), Fujitsu Semiconductor Limited (Japan), Hua Hong Semiconductor Limited (China), Vanguard International Semiconductor Corporation (Taiwan), Magnachip (South Korea), United Microelectronics Corporation (Taiwan), and Powerchip Semiconductor Manufacturing Corp.(Taiwan) are adding to the global semiconductor foundry market growth in the region. Besides, Japan focusing to influence overseas companies for helping their chip supply and worldwide shortage, the region being the hub to Big 4 semiconductor foundries- Taiwan, South Korea, Japan, and China, support of governments, increasing R&D investments, and the presence of large markets are also adding market growth.
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North America to Have Remarkable Growth in Semiconductor Foundry Market
North America will have remarkable growth in the semiconductor foundry market over the forecast period. Mexico, Canada, and the US being key adopters, organizations in these countries implementing innovative solutions, increasing need for semiconductor chips, the US planning to make huge investments for financing the creation of an American research center as well as advanced production factories for a steady supply of American semiconductors, the government of US making efforts for strengthening America’s semiconductor supply chains which includes investments in US chip production and innovation are adding to the global semiconductor foundry market growth in the region.
COVID-19 Impact on the Global Semiconductor Foundry Market
The COVID-19 has hampered different industries the world over, which also includes semiconductor & peripheral businesses like chips and also other semiconductor devices. The ongoing crisis possessed a considerable effect on the worldwide economy. The majority of the businesses had been shut down and most people turned unemployed. The virus impacted small and medium sized organizations while large organizations too are no different. They too had a negative impact. The outbreak played an imperative part in the 5G technology growth, as well as growth in the internet of things, artificial intelligence, and also impacts investments positively. As the virus spreads all over the world, there has been a disruption in supply chains. The trend in demand for different semiconductor products is undergoing significant changes. They occur in combination with extreme volatility in client behavior. Datacenter services and cloud, medical services, and work from home products are likely to reap the perks of surging sales. It is likely that cloud computing solutions and enterprise IT will remain stable from the demand perspective, with a handful of companies delaying IT projects while others have fastened their cloud migration strategies. Till 5G network roll outs are common, telecom providers in under-served markets will lay emphasis to improve their existing networks for accommodating increasing data traffic. The need for faster data connections amid computing nodes and also their respective fiber connections for data center networks will boost the need for optoelectronics. The increase in need for gaming devices & audio equipment contributes to the market growth.
Competitive Analysis:
The global semiconductor foundry market is both competitive and also fragmented due to the existence of multiple international as well as domestic industry players. These industry players have used an array of innovative strategies for being at the vanguard along with catering to the surging requirement of the esteemed customers including collaborations, joint ventures, geographic expansions, partnerships, contracts, new product launches, and more. Further, the players are also investing in multiple research & development activities.
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About Market Research Future:
Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis regarding diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.
Artificial Intelligence
Complyport’s new AI tool – ViCA.Chat – set to revolutionise compliance support services
LONDON, June 14, 2024 /PRNewswire/ — ViCA.Chat, the Virtual Compliance Assistant powered by AI technology, is set to transform regulatory compliance consulting. Developed by ComplyMAP Group’s AI engineers and Complyport’s compliance consulting teams, ViCA redefines compliance support services and propels governance, risk and compliance consulting into a new era of innovation.
Offering real-time assistance across a vast array of UK and EU regulatory frameworks, ViCA delivers unparalleled efficiency, detail and precision in disentangling and dealing with complicated regulatory frameworks.
The key differentiator of ViCA is its specialised and purposely constructed unique databases that leverage Complyport’s 22 years of regulatory expertise, combined with tailored AI training tools, enabling ViCA to operate as an experienced compliance consultant. A dedicated human support team continuously improves and updates ViCA’s knowledge and responses through a feedback loop process and quality assurance sessions. This powerful symbiosis of AI and human expertise sets ViCA apart and ensures businesses have the latest regulatory information instantaneously and seamlessly.
As a result, ViCA’s specialised regulatory database goes beyond readily available online resources which feature into traditional AI tools. ViCA offers exclusive insights, proprietary regulatory interpretations, historical data, bespoke and purposely structured compliance documentation and templates. With advanced scraping capabilities, ViCA also extracts relevant data from selected websites and publicly available information, ensuring an up-to-date and comprehensive understanding of compliance requirements across industries.
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Artificial Intelligence
LoRa and LoRaWAN IoT Market worth $32.7 billion by 2029- Exclusive Report by MarketsandMarkets™
CHICAGO, June 14, 2024 /PRNewswire/ — The LoRa and LoRaWAN IoT Market is expected to reach USD 32.7 billion by 2029 from USD 8.0 billion in 2024, at a Compound Annual Growth Rate (CAGR) of 32.4 % during 2024–2029, according to a new report by MarketsandMarkets™.
Browse in-depth TOC on “LoRa and LoRaWAN IoT Market”
320 – Tables 58 – Figures294 – Pages
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Scope of the Report
Report Metrics
Details
Market size available for years
2018-2029
Base year considered
2023
Forecast period
2024–2029
Forecast units
Value (USD Billion)
Segments Covered
Offering, Network Deployment, Application, End User, and Region
Region covered
North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.
List of Companies in LoRa and LoRaWAN IoT
The Bosch Group (Germany), Cisco (US), Orange SA (France), Comcast Corporation (US), Semtech (US), NEC Corporation(Japan), Tata Communications (India), AWS (US), Advantech (Taiwan), SK Telecom (South Korea), Murata (Japan), Kerlink (France), Actility (France), Digi International (US), MultiTech (US), Ezurio (US), Sensoterra (Netherlands), Nwave Technologies (US), RAKwireless (China), TheThings.io (Spain), Datacake (Germany), Milesight (China), LORIOT (Switzerland), Exosite (US), Orbiwise (Switzerland), Netmore Group (Sweden), and Radio Bridge Inc (US).
The LoRaWAN ecosystem influences development of tools, software libraries, and cloud-based platforms that streamline the creation, deployment, and management of IoT solutions. Continuously evolving, this ecosystem boasts a burgeoning array of vendors providing LoRa-compliant devices, gateways, and network management solutions. This vibrant competition within the ecosystem propels innovation while driving down costs for end-users. Moreover, the development of interoperable solutions fosters seamless integration and deployment of LoRaWAN networks, simplifying the implementation process for businesses and organizations. As the ecosystem continues to expand and mature, it empowers developers, system integrators, and IoT enthusiasts to unleash their creativity, accelerate time-to-market, and unlock the full potential of LoRaWAN technology in diverse applications and industries.
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Based on network deployment, the public network segment to hold the largest market size during the forecast period.
The robust security features integrated into public LoRaWAN networks play a significant role in driving the growth and adoption of LoRaWAN technology in the market. End-to-end encryption ensures that data transmitted between devices and gateways is protected from unauthorized access or interception, safeguarding sensitive information such as sensor readings, location data, and command messages. Message integrity checks verify the integrity of data packets, detecting any tampering or alteration during transmission and ensuring data authenticity and reliability. Additionally, mutual authentication mechanisms establish trust between devices and gateways, verifying the identity of both parties before allowing communication to occur. These security measures provide organizations and end-users with confidence in the integrity and confidentiality of their data, mitigating concerns related to data privacy, cybersecurity threats, and regulatory compliance. As a result, implementing robust security features in public LoRaWAN networks enhances trust and credibility in the technology, driving increased adoption and market growth as organizations seek reliable and secure connectivity solutions for their IoT deployments.
By offering, the services segment is expected to hold a higher growth rate during the forecast period.
IoT service providers are pivotal in driving adoption by developing vertical-specific solutions finely tuned to the distinct needs of industries like agriculture, healthcare, logistics, and smart cities. In agriculture, for instance, IoT services offer solutions for precision farming, crop monitoring, and livestock management, enabling farmers to optimize irrigation, monitor soil health, and enhance yields. Similarly, IoT services facilitate remote patient monitoring, asset tracking, and inventory management in healthcare, improving patient care, reducing costs, and ensuring compliance with regulatory standards such as HIPAA. In logistics, IoT services provide real-time tracking of shipments, fleet management, and predictive maintenance, enhancing supply chain visibility, efficiency, and reliability. For smart cities, IoT services offer solutions for traffic management, waste management, energy optimization, and public safety, transforming urban infrastructure and enhancing the quality of life for residents. By addressing industry-specific challenges, compliance requirements, and use cases, vertical-specific IoT solutions deliver tangible business value, driving adoption and fueling the growth of the IoT services market across diverse sectors.
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Asia Pacific is expected to hold a higher growth rate during the forecast period.
In the Asia Pacific region, where agriculture serves as a cornerstone of many economies, adopting IoT technologies, particularly LoRa and LoRaWAN, is revolutionizing traditional farming practices. LoRaWAN’s long-range connectivity and low-power consumption make it well-suited for deployment in rural agricultural settings, where access to reliable connectivity may be limited. Through LoRa-based IoT solutions, farmers can implement precision agriculture techniques to address pressing challenges such as water scarcity, soil degradation, and unpredictable weather patterns. LoRa-enabled sensors facilitate real-time monitoring of soil moisture levels, temperature, and humidity, allowing farmers to optimize irrigation schedules and conserve water resources. Remote sensing technologies powered by LoRaWAN enable farmers to gather actionable insights on crop health, pest infestations, and nutrient deficiencies, facilitating timely interventions and improving overall crop management practices. Furthermore, LoRa-based crop analytics platforms provide farmers with data-driven decision support tools, helping them optimize planting strategies, improve yield forecasting, and mitigate the impact of climate change on agricultural productivity. By harnessing the power of LoRa and LoRaWAN IoT solutions, farmers in the Asia Pacific region can increase yields, conserve resources, and enhance resilience to environmental challenges, driving the adoption and growth of the LoRaWAN IoT market in the agricultural sector.
Top Key Companies in LoRa and LoRaWAN IoT Market:
The major vendors covered in the LoRa and LoRaWAN IoT Market are The Bosch Group (Germany), Cisco (US), Orange SA (France), Comcast Corporation (US), Semtech (US), NEC Corporation(Japan), Tata Communications (India), AWS (US), Advantech (Taiwan), SK Telecom (South Korea), Murata (Japan), Kerlink (France), Actility (France), Digi International (US), MultiTech (US), Ezurio (US), Sensoterra (Netherlands), Nwave Technologies (US), RAKwireless (China), TheThings.io (Spain), Datacake (Germany), Milesight (China), LORIOT (Switzerland), Exosite (US), Orbiwise (Switzerland), Netmore Group (Sweden), and Radio Bridge Inc (US). These players have adopted various growth strategies, such as partnerships, agreements and collaborations, new product launches, enhancements, and acquisitions to expand their footprint in the LoRa and LoRaWAN IoT Market.
Browse Adjacent Markets: Digitalization and Internet of Things (IoT) Market Research Reports & Consulting
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Artificial Intelligence
Scoring a Seat at UEFA EURO 2024™ with Top-Performing AI-Powered TOSHIBA TV Lineup
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Bringing Everyone Together for UEFA EURO 2024™
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