Semiconductor Market in Vietnam to grow at a CAGR of 15.44% during the period 2016 - 2020; Finds New Report

Report forecast the semiconductor market in Vietnam to grow at a CAGR of 15.44% during the period 2016-2020.

The semiconductor market in Vietnam is at its nascent stage, as there are only a few active vendors present. However, the market has immense growth potential due to its favorable geographic location. With the South China Sea on one side, the country has opportunities to expand trading activities with nearby Southeast Asian countries. The country shares its borders with China, because of which a large number of investors are attracted to Vietnam.

This will help Vietnam start an export business of locally made semiconductor products with China, and import raw materials. Vietnam has chip fabrication plants and chip assembly and testing plants. Due to increasing government initiatives to attract foreign direct investment (FDI), the semiconductor market is expected to develop during the forecast period.

The report covers the present scenario and the growth prospects of the semiconductor market in Vietnam for 2016-2020. To calculate the market size, the report considers revenue generated from the sales of semiconductors across the following application segments:

• Consumer electronics
• Electronic boards
• Communication

The market is divided into the following segments based on device type:

• Power management ICs
• Microchips
• Others

According to the report, a key growth driver is the growth in the data center market. The Southeast Asian countries are considered to have evolving data center markets due to exponential growth in the consumer electronics market as well as growing internet penetration in the region. Vietnam is one such market suitable for data centers. The Vietnamese government has identified ICT as one of the key segments contributing to the country's development and aims to make it an advanced ICT country by 2020. This could be an important driver for setting up data centers in this region. To achieve this target, the government has allocated $8.5 billion to develop ICT during 2010-2020. Therefore, many companies have started investing in this country.

Further, the report states that one challenge that could seriously curtail market growth is the lack of a skilled workforce. Along with cheap labor, a company needs highly skilled personnel and senior staff for its higher management. Vietnam has an abundance of cheap labor but lacks a skilled workforce.

Semiconductor Market in Vietnam 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the semiconductor market in Vietnam: Intel, Hitachi, ON Semiconductor, Saigon Semiconductor Technology, NXP Semiconductors, and STMicroelectronics.

Other Prominent Vendors in the market are: AcroSemi, FabMax, GES, and Renesas Design.

Market driver

• Growth in data center market
• For a full, detailed list, view our report

Market challenge

• Lack of skilled workforce
• For a full, detailed list, view our report

Market trend

• Short replacement cycle of smartphones and tablets
• For a full, detailed list, view our report

Key questions answered in this report

• What will the market size be in 2020 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?

Spanning over 58 pages and 28 Exhibit “Semiconductor Market in Vietnam 2016 - 2020” report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Economic perspective on Vietnam, Global semiconductor market, Technology landscape, Market segmentation by application, Market segmentation by device type, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Market summary, Appendix.

For more information Visit at: http://mrr.cm/JXB

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