Lucintel's latest market report analyzed that semiconductor foundry provides attractive opportunities in the automotive, communication, aerospace, industrial, and consumer electronics application segments. The semiconductor foundry market is expected to reach $61.3 billion by 2028 with a CAGR of 6.7%. In this market, 10/7/5nm is the largest segment by technology, whereas automotive is largest by application.

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Based on technology, the semiconductor foundry market is segmented into 10/7/5nm, 16/14nm, 20nm, 45/40nm, and others. The 10/7/5nm segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to increasing demand for ICs in cars, consumer electronics, medical devices, military equipment, and smart home appliances.

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The Semiconductor Foundry Market is marked by the presence of several big and small players. Some of the prominent players offering semiconductor foundry include Taiwan Semiconductor Manufacturing, Global Foundries, United Microelectronics Corporation (UMC), Semiconductor Manufacturing International Corporation (SMIC), Samsung Group, DongbuHiTek, Fujitsu Semiconductor, Hua Hong Semiconductor, STMicroelectronics, and TowerJazz.

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