The report forecasts the semiconductor market in Vietnam to grow at a CAGR of 15.44% during the period 2016-2020.
Commenting on the report, an analyst from the research team said: A key trend which is helping boost growth is the short replacement cycle of smartphones and tablets. Consumer electronics devices such as smartphones and tablets have a short life span. Companies are introducing new devices at a rapid pace amid technological advances. Even consumers prefer to switch to updated versions or completely different models of smartphones in less than a year. The replacement period for these devices used to be higher compared to the present period of 12-18 months.
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.
- 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?
- ON Semiconductor
- Saigon Semiconductor Technology
- NXP Semiconductors
- Renesas Design
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Economic perspective on Vietnam
PART 06: Global semiconductor market
PART 07: Technology landscape
PART 08: Market landscape
PART 09: Market segmentation by application
PART 10: Market segmentation by device type
PART 11: Market drivers
PART 12: Impact of drivers
PART 13: Market challenges
PART 14: Impact of drivers and challenges
PART 15: Market trends
PART 16: Vendor landscape
PART 17: Market summary
PART 18: Appendix
PART 19: About the Author
For more information visit http://www.researchandmarkets.com/research/588qg6/semiconductor
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SOURCE Research and Markets