FinFet Technology Market

FinFet Technology Market Overview

The Global FinFet Technology Market is estimated to reach $101.5 billion by 2027, growing at a CAGR of 25.1% from 2022 to 2027. FinFets are 3D trigate transistors that are implemented on bulk silicon or SOI wafer. Excellent control is provided from the three sides of the channel as the gate is wrapped around the channel and the device current of the FinFet can be increased by increasing the width of the channel. FinFets suffers less from dopant-induced variations and is equipped with low channel doping owing to which there is better mobility of charge carriers inside the channel resulting in high performance. The upsurge of modern chips in the smartphones along with upsurge in manufacturing of integrated devices and modern processors are driving the growth of the market. Furthermore, numerous advantages of FinFet over the bulk CMOS in particular high drive current, lower leakage, low power consumption, better mobility and scaling of transistor beyond 28nm, no random dopant fluctuations among others are also driving the growth of the market.

Report Coverage

The report: “FinFet Technology Market”- Forecast (2022-2027)”, by Industry ARC covers an in-depth analysis of the following segments of “FinFet Technology Market”.

By Type - Shorted Gate (SG), Independent gate (IC), Bulk FinFets, SOI FinFets

By Technology - >5nm, 7nm, 10nm, 16nm, 14nm, 20nm, 22nm, 28nm

By Product- Micro Controller Unit (MCU), Central Processing Unit (CPU), System-on-Chip (SOC), Field Programmable Gate Array (FPGA), Graphics Processing Unit (GPU), Network Processor, others

By Application - Consumer Electronics, Automotive, Aerospace and Defense, Industrial, Semiconductor, Biomedical & Lifescience, High End Networks (Network Analyzers, Millimeter-Wave Converters, Extension Units, Accessories; Test Cables, Attenuators, Power Splitters, Bridges, Calibration Kits, others), Others

By Geography - North America (U.S, Canada, Mexico), South America(Brazil, Argentina and others), Europe(Germany, UK, France, Italy, Spain, Russia and Others), APAC(China, Japan India, SK, Aus and Others), and RoW (Middle east and Africa)

Key Takeaways

• The rise in adoption of Finfet technology owing to rise in electronic devices and semiconductors due to its various advantages like efficiency, control of gate current and others are driving the growth of the market.
• The consumer electronics sector is witnessing significant growth in the market owing to the wide use of Finfet technology for IC chips.
• APAC dominated the FinFet Technology Market owing to the manufacturing activities going on in Automotive industry, Medical, Consumer Electronics and Others in the developing countries.

By Type FinFet Technology Market is segmented as Shorted Gate (SG), Independent gate (IC), Bulk FinFets, SOI FinFets. SOI FinFet is dominating the market with a 36.1% Share in 2020. The SOI Finfets are fabricated on Silicon-on-insulator (SOI) base. The silicon dioxide fabrication provides the FinFets more speed as compared to the bulk CMOS chips and processors. The SOI Finfets are used in instrumentation amplifiers for low power and low voltage applications in biomedical industry. The R&D activities have resulted in the development of gallium nitride (GaN) SOI FinFet. This Finfet is operated in ultra-low voltage and enhanced switching performance of the device can be achieved. Improved device efficiency along with ultra-low power high-performance CMOS circuits are used in many processors owing to the enhanced electrical performance of GAN-SOI FinFet. These factors are driving the growth of the market.

By application, the market is segmented into Consumer Electronics, Automotive, Aerospace and Defense, Industrial, Semiconductor, Biomedical & Lifescience, High End Networks (Network Analyzers, Millimeter-Wave Converters, Extension Units, Accessories; Test Cables, Attenuators, Power Splitters, Bridges, Calibration Kits, others), Others. The consumer electronics segment is witnessing a significant growth in the market at 28.4% CAGR owing to the use of Finfet technology in multiple electronic devices. The IC manufacturers are using the Finfet technology widely owing to their demand for increasing the efficiency and density of their IC chips. In consumer electronics for the manufacturing of electronic devices FinFets are deployed in a variety of electronic passive components ranging from diodes, IC chips and others to the electronic components for instance transistors, FETs and others to provide huge level of functionality. In recent years Finfets are adopted as a major technology for incorporation within the ICs. These factors are boosting the growth of the market.

The Global FinFet Technology Market is dominated by APAC with a market share of 38.2% in 2020. In APAC the growth of consumer electronics sector along with growth of smart wearable electronics devices and on body smart garments along with the growth of automotive manufacturing accounted the significant growth of the market. In China, Consumer Electronics sector is considered as one of the major industries booming the economic growth of the country. Rapid advancements towards consumer electronic devices such as headsets, projectors and many others with smart connectivity is expected to further boost the market demands towards advanced FinFet technology to meet growing customer demands. Furthermore, Japan has been facing high market growth towards consumer electronics products in 2019, thus making it the third largest industry contributing towards its economy. These factors are making the APAC region to dominate the market.

FinFet Technology Market Drivers

Rise in usage of consumer electronics products:

Rise in use of wearable devices have driven the growth in the market. Growth in the use of IC chips for bio monitoring in on-body smart garments is one of the factors dynamically boosting the market growth. The wearable sensors designed by the use of IC chips are used for human -machine interface application through which they work by sending the data linked with pulse rate, distance run and others to smart phones through Bluetooth core. With the rising growth of consumer electronics sector, South Korea has been acting as a major leader in the APAC region. Growing demands towards smart devices compiled with technological advancements have been fuelling the market demands in the country. Many of the major market players have been continuously investing towards developing products using FinFet technology to meet the rising customer demands. Such instances are anticipated to mark a major growth towards FinFet Technology Market in the country. In addition, the increased demand of biomedical sensors in healthcare sector for diabetic and heart patients along with embedded monitoring of the patients in the medical sectors are also boosting the growth of the market. The modern wearable sensors are equipped with IC chips which are thereby equipped with modern Finfet technology thereby driving the growth of the market.

Rise in technological advancements and use of electronic devices:

The rise of technological advancements has resulted in the establishment of simpler and more efficient electronic chips, IC devices, processors and others. These factors have resulted in the development of modern FinFet technology. The use of smart phones nowadays are also contributing towards the growth of the market. The procurement of smartphones by the young generation owing to the internet advantages have influenced the positive growth of the market as FinFet technology is widely used in the IC chips of these smart phones. Modern FinFet technology provides better gate control and lower threshold voltage along with less leakage owing to which the IC manufacturers are choosing Finfet for IC chips, processors and other modern electronic devices. These factors are driving the growth of the market.

FinFet Technology Market Challenges

Challenges related to implementation and manufacturing of FinFets:

Although the FinFet technology is widely adopted in manufacturing of processors, IC chips and other electronic devices due to its multiple advantages, FinFets have some manufacturing challenges. The silicon surface of FinFets appear different than in bulk and results in excessive Si loss in wet cleans, oxidation and dry etching during the manufacturing process. These factors are hindering the growth of the market.

FinFet Technology Market Landscape

FinFet Technology Market is dominated by major companies such as Intel Corporation, United Microelectronics Corporation, Samsung Electronics, Ltd, Qualcomm Incorporated, Arm Holding Plc, Mediatek Inc., Global Foundries Inc., Xilinx Inc., Taiwan Semiconductor Manufacturing Company Ltd., among others.

Acquisitions/Technology Launches

• In December 2019 The Samsung showcased the new technology 14nm FinFet technology in IEDM conference 2019. The company is on way to launch its new 14nm FinFet product line for wearable image sensors.
• In March, 2019 Samsung launched Exynos 980. This product is the latest SOC for mobile devices built on 8nm FinFet.

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