Zion Market Research, the market research group announced the analysis report titled "FinFET Technology Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024"

Sarasota, FL -- (SBWire) -- 10/10/2017 --FinFET technology is booming in the integrated circuits and chip manufacturing industries. FinFET is a 3D transistor which is an integral part of the processors. This technology is accompanied with features such as faster operating speed at low voltage compared to non-FinFET chipsets. Owing to this features, it is much popular worldwide. FinFET technology is mainly used in the smartphones.

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The FinFET technology market is bifurcated on basis of end-user as automotive, computers and tablets, wearables, smartphones, high-end networks, and others. Of these, smartphones are the fastest growing segment in the FinFET technology market. On the basis of product, the global market is further divided as the network processor, SoC, GPU, CPU, MCU, and FPGA. Furthermore, the global FinFET technology market is categorized as 22 nm, 16 nm, 14 nm, 10 nm, and 7 nm.

Increasing demand for high-performance chips which reduce current leakage of the variety of applications is expected to boost the global FinFET technology market in future. FinFET Technology is used in some wearable electronics products, which is also anticipated to boost the market growth. Many companies are engaged in catering to consumer wearables. Acceptance of FinFET technology in the smartphones supplements will foster the growth of the global FinFET technology market.

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Moreover, increasing demand for FinFET chips in the semiconductor industry is projected to fuel the global market growth in future. Some complexities are involved in the designing the FinFET chips, which may restrain the global market growth in the FinFET technology market.

North America holds largest market share in the global FinFET technology market. People's inclination towards the use of newer technologies is expected to boost the global market. Asia-Pacific is the second largest region for FinFET technology market. Growing manufacturing activities have opened up lucrative growth opportunities to the niche players. Escalating demand for automotive CPUs and high-end smartphones in this region is anticipated to witness growth in the future. Developing countries such as Japan, Korea, India, and China projected to propel the market in the near future.

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Some of the key players in the global FinFET technology market are Xilinx Inc., Intel Corporation, Mediatek, Inc., Samsung Electronics Corporation Ltd., and Qualcomm Incorporated., Globalfoundries, United Microelectronics Corporation, and Samsung Electronics Corporation, Ltd. Other key players influencing the global market are Taiwan Semiconductor Manufacturing Company Limited, Intel Corporation, Semiconductor Manufacturing International Corp., and Arm Holdings PLC. Many companies adopt new strategies to enhance the company growth through product launch. For example, GlobalFoundries announced successful demonstration of the most advanced 14-nm FinFET process technology. GlobalFoundries planned to implant technology in multiple AMD products to enhance graphics, performance, and power-efficiency of computers.

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