FinFET Technology Market: Emerging Market Trends, Size, Share and Growth Analysis
Global FinFET Technology Market: Overview
The booming chips manufacturing and integrated circuits manufacturing activities have catapulted the uptake of Fin Field Effect Transistor (FinFET) technology. The FinFET is a 3D transistor that is integral to the design and development of processors. Advantages of chipsets equipped with FinFET technology such as ability to operate on lower voltages and faster operating speed than non-FinFET chipsets is truly responsible for the remarkable growth rate of the global market.
Transparency Market Research offers a thorough understanding of the global FinFET technology market through its new research report. The document has been compiled using primary and secondary research methodologies that are aimed at offering an accurate study of the matter. The researchers have also studied segments in a bid to identify strengths, weaknesses, opportunities, and threats influencing them. Furthermore, the report also explains the intensity of the competitive rivalry present in the global market with the help of Porter’s five forces analysis.
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Global FinFET Technology Market: Drivers and Trends
The exceeding demand for high performance chips that mitigate current leakage in a wide range of applications is acting as the primary growth driver for the global FinFET technology market. The usage of these chips in wearables as several consumer electronics players are designing a wide range of wearables to cater to differing needs of consumers has also made a positive impact on the global market. Adoption of FinFET technology in smartphones is also anticipated to fuel the growth of the global market in the near future.
The technologies available in the global market are 7nm, 10nm, 14nm, 16nm, 20nm, and 22nm. Out of these, the 22nm process node is exceptionally popular and thus enjoys a dominant position in the overall market. Meanwhile, 7nm FinFET process will also gain momentum in the near future as it is readily being adopted to manufacture chips that are used in several applications as they are small in size and deliver remarkable performance. The global FinFET technology market offers products such as Graphics Processing Unit (GPU), System on Chip (SoC), Central Processing Unit (CPU), network processors, Memory Controller Unit (MCU), and Field Programmable Gate Array (FPGA). The end users of these technologies and products are smartphones, computers and tablets, wearables, high-end networks, and automotive industries.
The bright future of the global FinFET market is being overshadowed by the complications involved in designing the FinFET chips. These complexities are thus restraining their use in several products, which in turn has had a negative impact on the growth of the global market. However, the escalating demand for these chips in the semiconductor industry and in manufacturing of efficient tablets and laptops is projected to open up new opportunities for the global market.
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Global FinFET Technology Market: Geographical Outlook
In terms of regions the global market is segmented into Asia Pacific, North America, Europe, and Rest of the World. Currently, North America holds a dominant share in the overall market due to evolved perspective toward benefits using newer technologies. However, analysts anticipate that Asia Pacific is likely to witness a soaring uptake of FinFET technology in the coming years as the manufacturing activities in developing countries of the region offer lucrative growth opportunities. The Asia Pacific FinFET market will also be driven by prolific usage of technologically advanced smartphones and automotive CPUs. Countries such as Korea, India, Japan, and China are projected make a significant difference to revenue of the Asia Pacific FinFET technology market in the near future.
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