Fin Field Effect Transistor (FinFET) technology has gained immense popularity with increasing rate of revenue at a global scale. The FinFET technology was developed as a result of the problem of current leakage in metal–oxide–semiconductor field-effect transistor (MOSFET). It had a significant impact on the leakage of current and thus resulted in total low power consumption. Therefore, its popularity grew over the years.
The global FinFET technology market is estimated to witness growth at CAGR of 28.6% over the period of 2016 to 2022. This growth rate is expected due to growing demand for Integrated Circuit (IC) industry, which in turn is providing ample growth opportunities to FinFET market. Rising mobile and consumer electronics market and enhanced performance with lower current leakage are some of the factors that are driving the growth of FinFET technology market. However, designing challenges for the designers and higher wafer and gate costs of FinFET in comparison to FD-SOI are restraining the growth of the global FinFET technology market.
There are different versions of FinFET technology in the market; in terms of revenue, 22nm segment held the major portion of the market of ~30% in 2015; whereas 10nm segment is expected to increase at the highest CAGR in the years ahead. 10nm FinFET technology market is expected to generate revenue from 2016, but 7nm FinFET technology is expected to take over 10nm in the coming years. The competition is tough because each competitor is adopting different strategies to lead the market.
Samsung, one of the leading companies in the market, is planning to ship its10nm FinFET technology first, by announcing the mass production of its System-on-Chip (SoC) products, and then focus on the 7nm FinFET technology. However, GlobalFoundries has moved ahead of the 10nm FinFET technology and directly started the production of 7nm FinFET technology. Taiwan Semiconductor Manufacturing Company (TSMC) is also adopting the same procedure as of Samsung, wherein the company will move into 10nm production in early 2017 and 7nm shipments in 2018. Our analysts at BIS Research have predicted a growth of the FinFET technology in the Asia Pacific region, at the highest rate of 31.8% during 2016-2022. China and India are going to be the key market regions for the growth of FinFET Technology in Asia-Pacific region, because of the growing demand for high-end smartphones in these markets
The industry is witnessing a great deal of partnerships, joint ventures, collaborations and contracts as preferred strategies in bringing the FinFET technology market together. The companies with identical goals are collaborating together to form joint venture programmes in order to assist each other in achieving those goals. Some of the key players involved in this market are Samsung Electronics Co, Ltd., Taiwan Semiconductor Manufacturing Company Limited, Intel Corporation, GlobalFoundries, United Microelectronics Corporation, Qualcomm Incorporated, ARM Ltd., SMIC and Xilinx Inc.
The future of FinFET technology in terms of revenue and popularity is bright as one heads towards a dynamic digital age. The advancement in research of the technology will help overcome the lapse, namely current leakage and device feasibility. BIS Research has done an extensive report on the future of 'Global FinFET Technology Market'. The report provides an in-depth analysis of the key development strategies and market trend dynamics which includes drivers, restraints and opportunities prevailing in the industry. For further queries, please write to us at sales@bisresearch.com or call us at : +1 650 228 0182