SAN FRANCISCO, Oct. 8, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Foundry Services - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
Edition: 8; Released: April 2021
Executive Pool: 424
Companies: 13 - Players covered include DB HiTek; Globalfoundries Inc.; MagnaChip Semiconductor Corporation; Powerchip Technology Corporation; Samsung Semiconductor, Inc.; Semiconductor Manufacturing International Corporation; Shanghai Huahong Grace Semiconductor Manufacturing Corporation; Tower Semiconductor Ltd. (TowerJazz); TSMC Ltd.; Uppsala Monitoring Centre (UMC); Vanguard International Semiconductor Corporation; WIN Semiconductors Corporation and Others.
Coverage: All major geographies and key segments
Segments: Business Type (Pure-Play Foundries, IDMs); End-Use (Communication, Consumer Electronics, Computer, Other End-Uses)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
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Global Foundry Services Market to Reach $96.1 Billion by 2026
Amid the COVID-19 crisis, the global market for Foundry Services estimated at US$67 Billion in the year 2020, is projected to reach a revised size of US$96.1 Billion by 2026, growing at a CAGR of 6% over the analysis period. Communication, one of the segments analyzed in the report, is projected to record a 5.7% CAGR and reach US$27.2 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Consumer Electronics segment is readjusted to a revised 5.5% CAGR for the next 7-year period.
The U.S. Market is Estimated at $21.4 Billion in 2021, While China is Forecast to Reach $17 Billion by 2026
The Foundry Services market in the U.S. is estimated at US$21.4 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$17 Billion by the year 2026 trailing a CAGR of 5.7% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.6% and 4.8% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 5% CAGR.
Computer Segment to Reach US$26.3 Billion by the year 2026
In the global Computer segment, USA, Canada, Japan, China and Europe will drive the 7.1% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$14 Billion in the year 2020 will reach a projected size of US$22.5 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More
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