Fin Field-Effect Transistor (FinFET) Technology Market Report 2024

The field-effect transistor (FinFET) technology market size has grown exponentially in recent years. It will grow from $26.34 billion in 2023 to $31.89 billion in 2024 at a compound annual growth rate (CAGR) of 21.1%. The growth observed in the historical period can be attributed to several factors include the expansion of 5G networks and Internet of Things (IoT) devices, rising demand for wearable technology, increased adoption of 5G technology, greater deployment of high-performance computing, and heightened demand for advanced medical imaging devices.

The field-effect transistor (FinFET) technology market size is expected to see exponential growth in the next few years. It will grow to $69.25 billion in 2028 at a compound annual growth rate (CAGR) of 21.4%. The anticipated growth in the forecast period can be linked to several factors include increasing adoption of AI and machine learning, escalating demand for high-performance chips, expanding applications in automotive electronics, growing investments in research and development, and rising demand for smartphones. Key trends expected during this period encompass advancements in technology, integration of AI and machine learning, development of design automation tools, integration of mixed-signal capabilities, and progress in quantum computing.

The expanding mobile and consumer electronics sectors are expected to drive the growth of the FinFET technology market in the future. Consumer electronics encompasses electronic products designed for personal, non-commercial, or professional use. Mobile devices are portable electronic gadgets intended to operate wirelessly. This industry is continuously evolving due to increased connectivity, changing consumer preferences, and the demand for portability and mobility. FinFET technology plays a crucial role in enhancing the capabilities of mobile and consumer electronics by enabling the development of devices that are more powerful, efficient, compact, and feature-rich. For example, data from the Federal Reserve Economic Data shows that sales of electronics and appliances in the US increased from $7.67 billion in 2023 to $7.81 billion in 2024. Additionally, Uswitch Limited reported a growth in mobile connections in the UK, reaching 71.8 million in 2022, an increase of 3.8% (about 2.6 million) from 2021. In summary, the growth of mobile and consumer electronics is a key driver for the expansion of the FinFET technology market, driven by advancements in device capabilities and increasing consumer demand.

Major companies in the FinFET technology market are actively innovating next-generation zonal processors to bolster their market position. These processors represent a new phase in automotive processing technology aimed at meeting the growing demands of modern vehicles. For example, in May 2023, NXP Semiconductors, a Netherlands-based automotive processing company, collaborated with Taiwan Semiconductor Manufacturing Company Limited (TSMC), a Taiwanese semiconductor manufacturer, to introduce the industry’s first automotive embedded MRAM (Magnetic Random Access Memory) using 16nm FinFET technology. The 16nm FinFET process enhances both performance and power efficiency, while embedded MRAM technology offers faster write speeds, greater endurance, and improved data retention compared to traditional memory types. This advancement marks a significant milestone in automotive electronics, facilitating more robust and efficient memory solutions for applications such as advanced driver-assistance systems (ADAS), autonomous driving, and in-vehicle infotainment systems. Consequently, it supports the development of smarter, safer, and more connected vehicles.

In February 2023, ON Semiconductor Corporation, a semiconductor manufacturing company based in the US, acquired a 300 mm manufacturing plant from GlobalFoundries, another US-based semiconductor manufacturer specializing in FinFET technology. The acquisition, completed for an undisclosed amount, positions ON Semiconductor to streamline production efficiencies and advance its technological capabilities. This strategic move enhances ON Semiconductor's competitiveness and strengthens its ability to meet evolving customer needs within the semiconductor industry.

Major companies operating in the fin field-effect transistor (FinFET) technology market are Huawei Technologies Co. Ltd., Taiwan Semiconductor Manufacturing Company Limited, Intel Corporation, Qualcomm Technologies Inc., Broadcom Inc., Toshiba Corporation, Advanced Micro Devices Inc., Texas Instruments Incorporated, MediaTek Inc., Infineon Technologies AG, Analog Devices Inc., NXP Semiconductors NV, United Microelectronics Corporation, GlobalFoundries Inc., Semiconductor Manufacturing International Corporation, Keysight Technologies Inc., Renesas Electronics Corporation, Xilinx Inc., Samsung Electronics Co. Ltd., Arm Holdings plc, ANSYS Inc.

Asia-Pacific was the largest region in the fin field-effect transistor (FinFET) technology market in 2023. The regions covered in the fin field-effect transistor (FinFET) technology market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the fin field-effect transistor (FinFET) technology market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

FinFET technology utilizes a three-dimensional (3D) transistor structure in semiconductor manufacturing to enhance the performance and power efficiency of integrated circuits (ICs), particularly in applications demanding high performance and low power consumption such as smartphones and wearables.

The various types of FinFET technology include Shorted Gate (S.G.), Independent Gate (I.G.), Bulk FinFETs, and SOI FinFETs. Shorted Gate (S.G.) FinFETs employ a vertical fin structure to increase surface area, thereby improving operational efficiency and reducing power consumption compared to traditional transistors. This technology spans different nanometer nodes such as 3nm, 5nm, 7nm, 10nm, 14nm, 16nm, 20nm, and 22nm, and finds applications in CPUs, SoCs, FPGAs, GPUs, and network processors across diverse sectors including mobile, cloud servers, high-end networks, IoT, consumer electronics, automotive, computers, tablets, wearables, and others.

The fin field-effect transistor (FinFET) technology market research report is one of a series of new reports that provides fin field-effect transistor (FinFET) technology market statistics, including fin field-effect transistor (FinFET) technology industry global market size, regional shares, competitors with a fin field-effect transistor (FinFET) technology market share, detailed fin field-effect transistor (FinFET) technology market segments, market trends, and opportunities, and any further data you may need to thrive in the fin field-effect transistor (FinFET) technology industry. This fin field-effect transistor (FinFET) technology market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The fin field-effect transistor (FinFET) technology market includes revenues earned by entities by providing services such as prototyping and testing services, fabrication services, and intellectual property (IP) services. The market value includes the value of related goods sold by the service provider or included within the service offering. The fin field-effect transistor (FinFET) technology market consists of sales of graphics processing units (GPUs), application-specific integrated circuits (ASICs), consumer electronics, and networking equipment. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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