ASEAN Semiconductor Market 2021 Reach Valued At $ 41.88 billion And Grow At A 6.1% CAGR Forecast To 2028 | With Top Key Companies: Intel Corporation, Qualcomm, Samsung Electronics, SK hynix, Taiwan Semiconductors....

ASEAN Semiconductor Market 2021-2028

New study report " ASEAN Semiconductor Market 2021 Global Market Opportunities, Challenges, Strategies, and Forecasts 2028" has been added to Fortune Business Insights.

Market Overview-

The ASEAN semiconductor market size is expected to gain momentum by reaching USD 41.88 billion by 2028. This information is published by Fortune Business Insights in its report, titled “ASEAN Semiconductor Market, 2021-2028.”The report further mentions that the market stood at USD 26.91 billion in 2020 and is projected to exhibit a CAGR of 6.1% in the 2021-2028 period. The increasing utilization of semiconductors in various applications such as industrial use, data processing, automotive, networking, and many others is set to hike the demand for the product in the market.

Manufacturers opt for high-quality and innovative semiconductors to increase their durability and deliver the best quality product. For example, NVIDIA Corporation employsa fabless productionpolicy by engaging best-in-class dealers for all phases of the productionmethod including, water fabricating, assembly line, ultimatechecking, and packaging. This is expected to bolster market growth during the foreseeable future.

COVID-19 Impact-

Since the coronavirus pandemic was bestowed upon the world, the majority of the industries were seen suffering economically as the governments of several regions announced lockdowns to curb the spread. This resulted in a disturbed supply chain cycle and hence affected the trade relations between countries. Mostly, China is considered the chief global manufacturer of industrial constituents and produces. Yet, with the arrival of the pandemic, the trade activity observed a major halt and resultedin raw material scarcities for other economies. The collapse in China’s trading practices isanticipated to affect the regional value chain of Asian emerging nations directly.For instance, in 2017, over 35% of inputs to Vietnam’s industrialtrading commodities were reported to be obtained from China. Likewise, over 20% of contributions to India, Cambodia, Lao PDR, and Indonesia were tracked from China. Therefore, this pandemic situation is expected to hinder the ASEAN semiconductor market growth during the forecast period and amid the pandemic.

Top Key Players in this market are:

Intel Corporation (California, United States)
Qualcomm (California, United States)
Samsung Electronics (Suwon-si, South Korea)
SK hynix (Gyeonggi, South Korea)
Taiwan Semiconductors (Hsinchu, Taiwan)
Texas Instruments (Texas, United States)
Toshiba Corporation (Tokyo, Japan)
Rohm Semiconductor(Kyoto, Japan)
Renesas Electronics Corporation (Tokyo, Japan)
Micron Technology (Idaho, United States)
NVIDIA Corporation (California, United States)
NXP Semiconductors N.V. (Eindhoven, the Netherlands)


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Competitive Landscape-

Key Players to Expand Business Territories to Widen their Reach

Prominent players in the market for ASEAN semiconductors are constantly hunting down opportunities to make development in their respective domains. They are always looking to apply effective strategies to achieve ultimate supremacy over the global and regional markets. To complete this aim, they team up with their expert advisors, launch innovative products, sign partnership agreements, initiate acquisitions, and expand their territories to broaden their market reach. For instance, in March 2021, TOSHIBA ELECTRONIC DEVICES & STORAGE CORPORATION announced its expansion of power appliance production volume by building a ‘300-millimeter water fabrication center’ Kaga Toshiba Electronics Corporation based in Japan. The bulk production of these devices is projected to begin in the first half of the 2023 financial year.



Segmentation-

Based on the component, the marketis divided into memory devices, logic devices, analog IC, MPU, discrete power devices, MCU, and sensors.

On the basis of application, the market is further segregated into networking & communications, data processing, industrial consumer, electronics, automotive, and government. Among these, the networking and communications segment is projected to observe remarkable growth with increasing demand for consumer electronics during the COVID-19 pandemic. It held a market share of 33.0% as of 2020.

In terms of country, the market is segmented into Singapore, Malaysia, Indonesia, Thailand, and Vietnam.

Country Insights-

Among all the ASEAN countries, Vietnam has observed the utmost amplification across the sector with the maximum number of electronics producers involved in the technical expansion and cost-effectively achieving electronics export in the region in the past decade. Vietnam stood at USD 4.35 billion in 2020.

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What does the Report Provide?

The market report provides a detailed analysis of several factors, such as the key drivers and restraints that will impact growth. Additionally, the report provides insights into the regional analysis that covers different regions, contributing to the growth of the market. It includes the competitive landscape that involves the leading companies and the adoption of strategies by them to introduce new products, announce partnerships, and collaboration that will further contribute to the market growth.

Table Of Content:

Introduction
Key Takeaways
Market Dynamics
Competition Landscape
Global ASEAN Semiconductor Key Players Market Share Insights and Analysis, 2020
Key Market Insights and Strategic Recommendations
Companies Profiled (Covered for key 10 players only)
Annexure / Appendix
Continue….

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