Fin Field Effect Transistor (FinFET) Market Size, Share, Growth, and Industry Analysis, By Type (22nm, 20nm, 16nm, 14nm, 10nm, 7nm), By Application (Smartphones, Computer & Tablets, Wearables, Others), Regional Insights, and Forecast To 2031

Updated On: 22 April 2024

Fin Field Effect Transistor (FinFET) Market Report Overview

• 

• Request a Free Sample to learn more about this report

global fin field effect transistor (finfet) market size was USD 44740 million in 2022 and market is projected to touch 396355.6 Million by 2031, exhibiting a CAGR of 27.4% during the forecast period.

The Fin Field Effect Transistor (FinFET) is a type of transistor design that provides improved performance and power efficiency compared to traditional planar transistors. It is a three-dimensional transistor structure that has become increasingly popular in modern semiconductor technology, particularly in advanced integrated circuits (ICs) such as microprocessors and memory chips. The FinFET design overcomes some limitations of planar transistors by introducing a vertical "fin" structure that serves as the channel through which current flows. The fin is typically made of a semiconductor material, such as silicon, and is surrounded by a gate structure that controls the flow of current. The gate structure wraps around the fin on three sides, hence the name "FinFET."

The key advantage of FinFETs is their ability to provide better control over the flow of current, allowing for more efficient switching and reduced leakage current. Leakage current refers to the small amount of current that flows through a transistor even when it's supposed to be off, leading to power consumption and heat generation. By using a fin structure, FinFETs can effectively control the channel region, mitigating leakage and enabling better power efficiency.

COVID-19 Impact: Market to witness plunge due to shift in demand

The COVID-19 outbreak resulted in changes in demand patterns for electronic devices. As people were required to work remotely and spend more time at home, there was a surge in demand for laptops, tablets, gaming consoles, and other electronic devices. This increased demand for consumer electronics subsequently drove the demand for FinFETs used in these devices. Social distancing measures, reduced workforce, and restrictions on operations in manufacturing facilities affected the production capacity of FinFET manufacturers. This resulted in lower output and longer lead times for the industry, impacting the overall supply and availability of FinFETs.

Latest Trends

"Transition to Advanced Process Nodes to fuel market growth."

The semiconductor industry has been steadily progressing towards more advanced process nodes, such as 7nm, 5nm, and even smaller. FinFET technology has been a key enabler for achieving higher transistor density, improved performance, and lower power consumption at these advanced nodes. The market has seen increased adoption of FinFETs in these advanced process technologies.

Fin Field Effect Transistor (FinFET) Market Segmentation

• 

• Request a Free Sample to learn more about this report

• By Type Analysis

According to type, the market can be segmented into, 22nm, 20nm, 16nm, 14nm, 10nm, 7nm.

• By Application Analysis

Based on application, the market can be divided into, smartphones, computer & tablets, wearables, others.

Driving Factors

"Increasing Demand in Mobile Devices to stimulate market demand"

Increasing Demand in Mobile Devices: The demand for high-performance and energy-efficient mobile devices, including smartphones and tablets, has been driving the growth of the FinFET market. FinFETs offer improved power efficiency, enabling longer battery life and better performance for mobile devices. As mobile devices continue to evolve with advanced features and functionalities, the demand for FinFETs is expected to remain strong. These factors are driving the Fin Field Effect Transistor (FinFET) market growth rapidly.

"The emergence of AI and Machine Learning to propel market growth"

Artificial intelligence (AI) and machine learning (ML) applications have witnessed remarkable growth across various industries. These applications require high-performance processors capable of handling complex computations efficiently. FinFETs, with their improved performance and power efficiency, are well-suited for AI and ML workloads, and they are likely to find increased adoption in this space.

Restraining Factors

"Increasing Manufacturing Complexity and Costs to restrict the market growth"

As semiconductor manufacturers transition to smaller process nodes, the complexity and cost of manufacturing FinFETs increase significantly. FinFETs require precise fabrication techniques and additional process steps compared to older transistor designs, which can lead to higher manufacturing costs. The investment required for advanced manufacturing facilities and equipment can act as a barrier for some companies, limiting their ability to enter or expand in the FinFET market.

Fin Field Effect Transistor (FinFET) Market Regional Insights

• 

• Request a Free Sample to learn more about this report

"Increasing demand in North America has boosted Fin Field Effect Transistor (FinFET) Market share"

North America has traditionally been a major player in the semiconductor industry, with key market players and leading technology companies located in the region. The United States, in particular, has a strong presence in the FinFET market, with significant investments in research, development, and manufacturing capabilities. The region has a mature semiconductor ecosystem and a strong focus on advanced process nodes, making it a prominent market for FinFETs. These factors are increasing the Fin Field Effect Transistor (FinFET) market share in the region.

Key Industry Players

"Adoption of Innovative Strategies by Key Players Influencing Market Development"

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

List of Market Players Profiled

• NVIDIA Corporation
• Intel Corporation
• Samsung
• NXP Semiconductors
• Texas Instruments

Report Coverage

This report examines an understanding of the Fin Field Effect Transistor (FinFET) market’s size, share, growth rate, segmentation by type, application, key players, and previous and current market scenarios. The report also collects the market’s precise data and forecasts by market experts. Also, it describes the study of this industry’s financial performance, investments, growth, innovation marks, and new product launches by the top companies and offers deep insights into the current market structure, competitive analysis based on key players, key driving forces, and restraints that affect the demand for growth, opportunities, and risks.

Furthermore, the post-COVID-19 pandemic’s effects on international market restrictions and a deep understanding of how the industry will recover, and strategies are also stated in the report. The competitive landscape has also been examined in detail to provide clarification of the competitive landscape.

This report also discloses the research based on methodologies that define price trend analysis of target companies, collection of data, statistics, target competitors, import-export, information, and previous years’ records based on market sales. Moreover, all the significant factors which influence the market such as small or medium business industry, macro-economic indicators, value chain analysis, and demand-side dynamics, with all the major business players have been explained in detail. This analysis is subject to modification if the key players and feasible analysis of market dynamics change.