FinFET technology is expected to witness high growth during the forecast period 2024

Fin Field Effect Transistor (FinFET) is a type of 3D transistor utilized in the designing of processors. FinFET is built on a silicon on insulator (SOI) substrate that helps in reducing the leakage current. FinFET technology allows chipset makers to build ultra-powerful processors, which are less power consuming and more efficient. In terms of operating speed, FinFETs are claimed to be 30% faster than the non-FinFET versions. Moreover, based on operating voltage, FinFETs operates at a lower voltage as a result of their lower threshold voltage. Owing to these advantages of FinFET technology over conventional technology, the market for FinFET technology is expected to witness high growth during the forecast period. 

The FinFET technology market has been experiencing significant growth in the recent years due to high demand for efficient and high performance chips that offer lesser current leakage in various applications. Moreover, high adoption rate of FinFET technology in wearables and growing mobile and consumer electronics market is further expected to fuel the growth of FinFET technology market during the forecast period. However, design complexity of FinFET chips hampers its adoption in various products which is eventually hindering the market growth. The growing semiconductor industry and demand for efficient technology in laptop and tablets is expected to create new opportunity for the companies operating in the FinFET technology market.

The global FinFET technology market is segmented based on technology, product, end user, and geography. Based on technology, the global FinFET market is classified into 7nm, 10nm, 14nm, 16nm, 20nm, and 22nm. Among these, the 22nm process node is expected to hold the largest market share in the global market due to early adoption. Whereas, 7nm FinFET process is expected be the fastest-growing technology used in manufacturing chips in various applications due to its small size and high performance. On the basis of product, the global FinFET technology market is further sub segmented into Central Processing Unit (CPU), System on Chip (SoC), Field Programmable Gate Array (FPGA), Graphics Processing Unit (GPU), network processors and Memory Controller Unit (MCU). In terms of end user, the market is segmented into computers and tablets, smartphones, high end networks, wearables and automotive industries. On the basis of geography, the global FinFET technology market is segmented into Europe, North America, Asia Pacific, Latin America, and the Middle East and Africa. Among these, North America is expected to dominate the FinFET technology market in 2016. The growing demand for high performance in smartphones and automotive CPUs are contributing to the growth for FinFET technology market in the North America region. Moreover, countries such as China, Japan, Korea, and India in Asia-Pacific are leading manufacturing centers and are expected to offer ample growth opportunities to the FinFET technology market in this region.

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The global FinFET technology market is highly competitive in nature and is marked with the presence of several international and domestic key players. Some of the leading companies operating in the global FinFET technology market transforming the market with technology innovation are Taiwan Semiconductor Manufacturing Company Limited (TSMC Ltd.), Samsung Electronics Corporation, Ltd., GlobalFoundries, Inc., Intel Corporation, United Microelectronics Corporation, Qualcomm Incorporated, Mediatek, Inc., Arm Holdings PLC., Semiconductor Manufacturing International Corporation, and Xilinx Inc. among others.