The FinFET technology market is expected to grow from $4.91 billion USD in 2015 to $35.12 billion by 2022, at a compound annual growth rate (CAGR) of 26.2% between 2016 and 2022, according to the new market research report,”FinFET Technology Market by Technology (22nm, 20nm, 16nm, 14nm, 10nm, 7nm), Product (CPU, SoC, FPGA, GPU, MCU, and Network Processor), End-User (Smartphones, Computers & Tablets, Wearables, and Automotive) and Geography – Global Forecast to 2022,” published by MarketsandMarkets.

The FinFET technology market is driven by factors such as miniaturization of semiconductor devices with increase in the performance, growing mobile and consumer electronics market, and high performance with lower current leakage than bulk technology.

FinFET Technology was first introduced at the 22nm process node by Intel (U.S.)

On the basis of technology the FinFET technology market is segmented into 22nm, 20nm, 16nm, 14nm, 10nm, and 7nm. Intel (U.S.) was the first company to manufacture products at the 22nm FinFET technology, which basically have their applications in computers and servers. With the increasing need of miniaturization of semiconductor components along with better performance parameters and reduction in power consumption, the market for the 7nm FinFET technology is expected to grow at a high rate in future.

Applications in wearables to register the highest growth rate

Computers and smartphones were early adopters of FinFET technology and are driving the market, currently. Application processors in smartphones have the same functionalities as that of CPUs. Samsung (South Korea) led the market for application processors in 2015 by introducing its Exynos Octa 7 chips manufactured using the 14nm FinFET technology. By 2016, the next chip in the Exynos series (Exynos Octa 8) is expected to power the smartphones with more functionalities and improved performance. FinFETs are also gaining popularity in several application areas such as wearables, high-end networks, and automotive. The wearable device market is expected to grow at a high rate, catapulting the FinFET technology market further.

Asia-Pacific to be the fastest-growing market

North America accounted for majority large share of the overall FinFET Technology Market in 2015. The market in APAC is expected to grow at the highest CAGR between 2016 and 2022. Dome countries in Asia-Pacific are major manufacturing hubs and are expected to provide ample opportunities for the growth of the FinFET technology. The growing demand for high performance in smartphones and automotive CPUs is driving the market in this region.

This global report gives a detailed view of the market across the four regions, namely, North America, Europe, Asia-Pacific, and Rest of the World which includes the Middle East and Africa. The report profiles the 10 most promising players in the FinFET technology market.

The competitive landscape of the market presents a very interesting picture, wherein the OEMs, component manufacturers, and system integrators in the FinFET technology market value chain have come together and are majorly focused on the development of advanced and improved FinFET products.

Major players in this market are Intel (U.S.), TSMC (Taiwan), Samsung (South Korea), and GlobalFoundries (U.S.).