The use of FinFET technology in applications such as smartphones started early in 2011. However, owing to its significant benefits such as fast processing speed, reduced leakage current, and low power consumption, among others, has integrated FinFET technology into other application sectors as well. This section provides an in-depth analysis of the different application verticals; wherein FinFET technology is being used. With the constant evolving technology for advanced technology nodes, FinFET technology is bound to expand into many more application areas in the coming years.
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The FinFET technology market is accounted to generate maximum revenue from smartphones. The segment is accounted to reach $XX billion in 2018 and is projected to reach $XX billion by 2023 at a CAGR of XX% during 2018 and 2023. The development of this segment is primarily attributed to the high demand of smartphones from consumers for enhanced processors which improves day to day functioning.
Additionally, the use of smartphones also improves the mobile economy and helps in increasing the ability to communicate and collaborate. Another segment which is majorly going to drive the FinFET technology market is wearables which is projected to grow at a CAGR of XX% between 2018 and 2023. The growth can be attributed to population’s changing needs for smart watches which can track and monitor human body and assist in day to day functioning.
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