Semiconductors Market in Vietnam to grow by USD 1.65 billion| Broadcom Inc. and Hitachi Ltd. among Key Vendors|Technavio
NEW YORK, Oct. 13, 2021
NEW YORK, Oct. 13, 2021 /PRNewswire/ -- The semiconductors market in Vietnam is expected to grow by USD 1.65 billion and accelerate at a CAGR of 6.52% from 2021 to 2025. This market research report by Technavio offers key insights into the latest drivers, challenges, and trends, as well as an analysis of the best-performing regions and market segments.
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Drivers and Challenges
Technavio has identified the major drivers and challenges that impact the semiconductors market in Vietnam. According to our research, the growing use of IoT is propelling market growth. However, factors such as lack of availability of skilled labor may hamper the market.
The semiconductors market in Vietnam has been segmented by the device into PMICs, microchips, and RFID. The market share growth of the power management integrated circuits (PMICs) segment will be significant during the forecast period.
Based on application, the semiconductors market in Vietnam has been segmented into consumer electronics, communications, automotive, medical devices, and others.
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Key Vendors and Offerings:
echnavio has identified key vendors operating in the market. These include Broadcom Inc., Hitachi Ltd., Intel Corp., ON Semiconductor Corp., Renesas Electronics Corp., Samsung Electronics Co. Ltd., SK HYNIX Inc., STMicroelectronics NV., Texas Instruments Inc., and Toshiba Corp. The key offerings of some of these vendors are mentioned below:
- Broadcom Inc.: The company offers semiconductors for fiber channel networking, microwave demo boards, and others.
- Hitachi Ltd.: The company offers semiconductors for the automotive field, railway field, industry field, and consumer field.
- Intel Corp.: The company offers semiconductors for processors, server products, wireless, and others.
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Semiconductors Market in Vietnam Scope
Growth momentum & CAGR
Accelerate at a CAGR of 6.52%
Market growth 2021-2025
USD 1.65 billion
YoY growth (%)
Leading companies, competitive strategies, consumer engagement scope
Broadcom Inc., Hitachi Ltd., Intel Corp., ON Semiconductor Corp., Renesas Electronics Corp., Samsung Electronics Co. Ltd., SK HYNIX Inc., STMicroelectronics NV., Texas Instruments Inc., and Toshiba Corp.
Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, market condition analysis for forecast period
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