A new market study published by Global Industry Analysts Inc., (GIA) a market research company, today released its report titled “FinFET Technology – Global Market Trajectory & Analytics”. The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
Global FinFET Technology Market to Reach $58.7 Billion by 2026
Amid the COVID-19 crisis, the global market for FinFET Technology estimated at US$9.5 Billion in the year 2020, is projected to reach a revised size of US$58.7 Billion by 2026, growing at a CAGR of 35.1% over the analysis period. 22nm, one of the segments analyzed in the report, is projected to record a 29.6% CAGR and reach US$17.2 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 20nm segment is readjusted to a revised 30.8% CAGR for the next 7-year period.
The U.S. Market is Estimated at $4 Billion in 2021, While China is Forecast to Reach $10.2 Billion by 2026
The FinFET Technology market in the U.S. is estimated at US$4 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$10.2 Billion by the year 2026 trailing a CAGR of 34.3% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 31.5% and 30.5% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 24.9% CAGR.
16nm Segment to Reach US$12.2 Billion by the year 2026
In the global 16nm segment, USA, Canada, Japan, China and Europe will drive the 37.5% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.4 Billion in the year 2020 will reach a projected size of US$13.2 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets.