Latest News- Semiconductors Market in Vietnam: Consumer electronics is expected to lead the Application segment during 2025-2029

The Semiconductors Market in Vietnam is being driven by Sustainable growth in global semiconductor industry

The Semiconductors Market in Vietnam is expected to grow at a CAGR of 7% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 2044.8 million. In Vietnam, the communication devices market has experienced a significant shift due to the increasing adoption of communication services and the entry of new players, leading to a price decline. Technological advancements have enabled manufacturers to standardize capacity and throughput, streamlining production processes and reducing costs. This cost reduction has fueled the proliferation of affordable communication devices, driving the growth of the Internet of Things (IoT) market. With 61.3 million smartphone users in Vietnam, primarily in urban and suburban areas, the country's demand for these devices is on the rise. As residents continue to improve their living standards and affordability remains a priority, the market for high-quality, reasonably priced communication devices is poised for continued expansion in Vietnam. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Application
  • Consumer electronics
  • Communications
  • Automotive
  • Medical devices
  • Others
• End-user
  • Memory
  • Foundry
  • IDM
• Device
  • PMICs
  • Microchips
  • RFID
• Geography
  • Vietnam

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Sustainable growth in global semiconductor industry
• Increasing investments in semiconductor industry
• Growing use of IoT

However, the market also witnesses some limitations, which are as follows:

• Excess semiconductor inventory
• Rising miniaturization of electronic devices
• Cyclic nature of semiconductor industry

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Market Scope in Semiconductors Market in Vietnam Research Report

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Research Analysis Overview

The semiconductor market in Vietnam is experiencing significant growth, driven by the increasing demand for electronic devices such as smartphones, which utilize semiconductor materials like conductors and insulators. Key semiconductor components include phototransistors, laser diodes, and light emitting diodes, essential for IoT applications and data transfer in technology products. Chip companies are investing in AI, 5G communication, and revolutionary applications like virtual reality, Industry 4.0, self-driving cars, and 5G technology. Memory devices such as random access memory, read-only memory, and logic devices are in high demand for computers and automation equipment. Extrinsic semiconductors like bipolar transistors and field effect transistors are also crucial components in this expanding industry.

Market Research Overview

The global semiconductor market encompasses semiconductor manufacturers producing integrated circuits (ICs), such as memory, logic, analog, and micro components, optoelectronics, sensors, and discrete semiconductors. According to Technavio, the market size is determined by the revenue generated from the shipment of semiconductor ICs to original equipment manufacturers (OEMs) and original design manufacturers (ODMs). These ICs originate from both fab and fabless companies, as well as integrated device manufacturers (IDMs). The semiconductor market growth is influenced by significant investments in constructing new fabrication plants (fabs) and expanding existing ones. This trend is driven by the increasing demand for advanced electronic devices, including smartphones, phototransistors, laser diodes, and light emitting diodes.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/