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The Future of Homes: From Smart to Autonomous

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For years, consumers have been promised that their homes will be connected and smart, integrating the latest technology to optimize and control lighting, heating, energy consumption, electronic devices, and security features.

However, the future has come a little slower than expected. By the end of 2017, it’s estimated that only 16.3% of Americans will live in a smart home, though this percentage will increase to 35.6% by 2021.

Examining the Smart Home Market

Today’s infographic comes from Insurance Quotes, and it helps to give an overview of the current market as well as the reasons for hesitation in the switch to smart homes.

The infographic also provides a future outlook, including the impending movement to “autonomous” smart homes.

The Future of Homes: From Smart to Autonomous

In 2016, smart systems were installed in about 45% of all homes in the U.S. that got renovated.

However, they are far from ubiquitous yet – many consumers still have concerns that are holding the market back from reaching its full potential.

Top Trepidations

The largest hindrance to smart homes for now is cost, which is cited by 42% of consumers as an obstacle.

However, there is also evidence that a fear of devices being hacked is also a challenge for many wanting to adopt the technology – in fact, 17% prospective buyers cite privacy and security concerns as a top hindrance. Further, about 10% of consumers have already had smart home devices hacked, and 87% of them had to shell out money to solve the issue.

Paradoxically, even though technologically superior security systems are a top reason that homeowners want to have smarter homes in the first place, the vast majority of IT experts say that IoT apps such as those used at home are far harder to secure than regular mobile apps.

Autonomous Smart Homes

After smart homes, the next logical step is an autonomous smart home that can learn based on your habits and behaviors. Such a home would recognize you and other family members, adapting things like temperature, lighting, or recommendations to you automatically based on your lifestyle and activities.

For this to work – everything would need to be truly connected: your mattress would assess how you sleep, your alarm would connect to your coffee maker, and the morning lighting would be shifted to match your evolving preferences.

While there are many uncertainties about what an autonomous smart home would mean, the inevitability of their rise is clear.

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Ranked: Largest Semiconductor Foundry Companies by Revenue

Most of the 10 largest semiconductor foundries in the world, are headquartered in just three Asian countries, accounting for 90% of the entire industry’s revenue.

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A cropped chart showing the largest semiconductor foundry companies by their percentage of global revenues in Q1 2023.

Ranked: Largest Semiconductor Foundry Companies by Revenue

They’re in our phones, cars, planes, and even fridges.

Semiconductor chips have become critical for the modern way of life, and the biggest semiconductor foundry companies rake in billions of dollars from widespread demand.

This chart shows the largest semiconductor foundry companies by their percentage of global revenues in Q1 2023, using data sourced from Trendforce.

ℹ️ We highlight data for companies that only operate foundries (fabrication plants) that manufacture chips for clients, also known as a “pure-play” foundries, as well as companies that design and manufacture their own chips, known as integrated device manufacturers. “Fabless” manufacturers that only design and don’t manufacture their own chips are not included.

Semiconductor Foundry Companies by Revenue

At the top of the list and dwarfing every other company by revenue share is TSMC which earned 60% (or nearly $17 billion) of the entire industry’s revenue in Q1 2023.

Founded in 1987, TSMC is a pure-play foundry that has become Taiwan’s largest company and manufactures products for a host of clients including Apple, NVIDIA, and AMD.

RankCompanyCountryRevenue
(Q1 2023, USD)
1TSMC🇹🇼 Taiwan$16,735M
2Samsung🇰🇷 South Korea$3,446M
3GlobalFoundries🇺🇸 US$1,841M
4UMC🇹🇼 Taiwan$1,784M
5SMIC🇨🇳 China$1,462M
6HuaHong Group🇨🇳 China$845M
7Tower Semiconductor🇮🇱 Israel$356M
8PSMC🇹🇼 Taiwan$332M
9VIS🇹🇼 Taiwan$269M
10DB Hitek🇰🇷 South Korea$234M
Other$556M
Global Total$27,860M

Note: Revenue based on the following conversion rates: USD 1 = WON 1,276; USD 1 = NTD 30.4.

Well behind TSMC in foundry revenues is integrated device manufacturer Samsung, the biggest company in South Korea, which made $3.4 billion (12.4% of the industry’s revenue) from its semiconductor manufacturing business.

GlobalFoundries from the U.S., UMC from Taiwan and SMIC from China round out the top five, with each taking home around 6% of industry’s revenue share in Q1 2023. The former spun out from AMD’s manufacturing arm when the company went fabless in 2009.

Industry concentration is apparent in semiconductors. For example, the top 10 semiconductor foundry companies account for 98% of the entire industry’s revenue. Furthermore, 90% of the market is dominated by companies in just three Asian countries: Taiwan, South Korea, and China.

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