DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/nvzl76/semiconductor) has announced the addition of the "Semiconductor Market in Vietnam 2015-2019" report to their offering.
The Semiconductor Market in Vietnam to grow at a CAGR of 14.3 percent over the period 2014-2019.
One key trend being witnessed in this market is the short replacement cycle of portable electronic devices. The reduction in the time span of a product replacement cycle is expected to increase drastically the demand for semiconductor ICs in newly launched devices, thus driving the Semiconductor market.
According to the report, one of the major drivers of the market is the increased demand for electronic devices. The country has witnessed a large number of electronics manufacturing establishments in the past few years because of the increased focus of the government toward the development of the Electronics industry in Vietnam.
Further, the report states that one of the major challenges in the market is the rapid changes in technology. This prompts semiconductor manufacturers to increase the development and adoption of new technologies. These rapid technological changes in semiconductor manufacturing processes pressurize the semiconductor IC manufacturers to deploy technologically advanced equipment that enables those processes.
The demand for semiconductors in Vietnam is expected to grow in various application segments such as:
- Consumer Electronics
- Wired and Wireless Communications
- Electronic Boards
- Smart Cards
The report also presents the revenue generated by device type including:
- Power management ICs
- RFID chips
- FabMax BV
- Lam Research
- M+W Group
- NXP Semiconductors
- QAM Asia
- Saigon Industry (CNS)
- Surplus Global
For more information visit http://www.researchandmarkets.com/research/nvzl76/semiconductor