ASEAN Semiconductor Market High Demand and Growth Forecast 2023-2028
- Ankita raut
- Sep 7, 2023
- 2 min read
The ASEAN semiconductor market has emerged as a significant player in the global electronics industry, exhibiting impressive growth and resilience in recent years. Comprising ten diverse and dynamic member countries, including Singapore, Malaysia, Thailand, Indonesia, and Vietnam, this region has become a key hub for semiconductor manufacturing and innovation. The ASEAN semiconductor market benefits from a skilled workforce, robust infrastructure, and strategic geographical location, making it an attractive destination for semiconductor companies seeking to expand their operations.
Moreover, the growing demand for electronic devices, coupled with the increasing adoption of emerging technologies like 5G and IoT, has further propelled the ASEAN semiconductor market's growth. As the world continues to rely heavily on semiconductors for various applications, the ASEAN region is poised to play a pivotal role in shaping the future of the global semiconductor industry.
Additionally, it provides a futuristic perspective on various factors that are likely to boost the Market growth in the years to come. Besides, authors of the report have shed light on the factors that may
The ASEAN Semiconductor Market size will grow from USD 27.64 billion in 2021 to USD 41.88 billion by 2028 at a compound annual growth rate (CAGR) of 6.1%.
The report offers valuable insight into the ASEAN Semiconductor Market progress and approaches related to the Market with an analysis of each region. The report goes on to talk about the dominant aspects of the market and examine each segment.
TOP KEY PLAYERS:
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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