Foundry Service Market Valued at $75.2 Billion by 2020, Growing at a CAGR of 7.45%

RnRMarketResearch.com adds Global Foundry Service Market 2016-2020 latest research report, the analysts forecast global foundry service market to grow at a CAGR of 7.45% during the period 2016-2020.

September 14, 2016 /MarketersMedia/ —

The global foundry service market analyst says automation in automobiles will be a key trend for market growth. Automobiles are undergoing a considerable digital makeover as increasing number of manufacturers are considering automation as a serious trend in the coming years. Leading automobile manufacturers such as Toyota, Audi, and Mercedes have invested considerably in the R&D of automobile automation. Semiconductor content plays a key role in automobile automation, especially in networked communication and driving automation. Next-generation automobiles are expected to include speech recognition, video and image compatibilities, and IC-integrated LED front lighting to provide optimal driving experience. Semiconductor content used for automobile automation provides accurate information for the inbuilt Artificial Intelligence (AI) to drive optimally. Therefore, growing demand for high-performance ICs will drive the foundry service market during the forecast period.

Complete report on foundry service market spread across 68 pages, analyzing 5 major companies and providing 44 data exhibits are now available at http://www.rnrmarketresearch.com/global-foundry-service-market-2016-2020-market-report.html

According to the foundry service market report, rising demand for smartphones will be a key driver for market growth. Since 2011, the global smartphone shipment has increased manifold due to the access to varied cellphone functionalities, such as email, video, music player, e-commerce websites, and the availability of low-cost smartphones from budget manufacturers. The global smartphone shipment increased by 16% to 350 million in Q3 of 2015. Smartphone manufacturers shipped a total of almost 1.3 billion smartphones in 2014 compared to 490 million in 2011.

The growth of foundry service market can be accredited to the emergence of advanced consumer products in the market. Consumer electronics manufacturers and application developers are attempting to take technological advancements to new heights by interconnecting all household devices and creating a single unit called a smart home. In 2015, the global foundry service market was dominated by the Americas with a market share of almost 65%. The market in the Americas is expected to showcase considerable growth during the forecast period owing to the presence of several leading semiconductor fabless companies like Broadcom, NVidia, and Qualcomm in the region. Order a copy of Global Foundry Service Market 2016-2020 report @ http://www.rnrmarketresearch.com/contacts/purchase?rname=688895

The following companies are the key players in the global foundry service market: GlobalFoundries, Samsung Semiconductor, SMIC, UMC, and TSMC. Other prominent vendors in the market are: Tower Jazz Semiconductor, Vanguard International Semiconductor, Power chip Technology, Shanghai Huahong Grace Semiconductor Manufacturing, Dongbu HiTek, MagnaChip Semiconductor, and WIN Semiconductors.

The communications segment accounts for more than 57% of the global foundry service market to become the key revenue generating end-user vertical. The growth of this market segment is fueled by the increased adoption of communication devices such as smartphones and tablets. Vendors such as Samsung Electronics and Apple are bringing out innovative products that are strategically priced.

Global Foundry Service Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the present scenario and the growth prospects of the global foundry service market for 2016-2020. To calculate the market size, the report considers the sale of foundry services to fabless companies.

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