Vietnam’s semiconductor market is projected to achieve a value of $8.1 billion by 2028, reflecting a growth rate of 12.6% from 2023 to 2028, as outlined in a report by IMARC Group published on December 21.
The report highlights the widespread use of semiconductor materials across various industries in Vietnam, with the market size reaching $3.8 billion in 2022.
With the global demand for electronic devices on the rise, manufacturing facilities are compelled to scale up production to meet consumer requirements. This increased production necessitates a corresponding upsurge in semiconductor materials to manufacture essential electronic components.
Furthermore, to stay competitive, electronics manufacturers frequently embrace the latest technologies, often requiring new materials with enhanced properties.
Additionally, Vietnamese semiconductor companies are integrating 3D packaging to maintain competitiveness. The adoption of technologies such as through-silicon vias and stacked die configurations has enhanced the performance and energy efficiency of semiconductor devices. These innovations allow the integration of multiple chips into a single package, reducing the form factor and improving functionality.
As Vietnam’s electronics manufacturing sector focuses on exports, semiconductor materials suppliers have the opportunity to access the global market through partnerships with local producers. This provides suppliers with a chance to meet international demand while leveraging Vietnam’s competitive manufacturing landscape.
With increasing awareness of environmental sustainability, there is an opening for suppliers to offer eco-friendly semiconductor materials. Materials with reduced environmental impact, such as lead-free solders and green packaging materials, align with global sustainability trends and are poised to gain traction in Vietnam.
