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The ASEAN Semiconductor Market size was valued at USD 31.32 Billion in 2023 and is expected to grow to USD 52.9 Billion by 2032 and grow at a CAGR Of 5.98% over the forecast period of 2024-2032.
Indonesia, formerly known for its abundant natural resources, is now making a strategic transition to become a leading producer of semiconductors. Utilizing its ample nickel resources, essential for battery and semiconductor manufacturing, and in accordance with the US' CHIPS Act, the country seeks to establish a strong semiconductor industry. The USD 5 billion semiconductor plant in Batam, along with a specialized training center in Bandung and partnerships with tech leaders like LG, drive this evolution. Indonesia is enhancing its semiconductor supply chain with investments from Sharp, NEC, and UTAC, showcased by PT SUMCO Indonesia's silicon wafer Production and PT TDK Electronics Indonesia's Component manufacturing. This strategic decision is motivated not only by economic goals but also by geopolitical factors, as Indonesia and the US work together to protect the worldwide semiconductor supply chain. The United States is dedicated to helping Indonesia's progress through a USD 131 million investment, trade missions, and the advancement of digital infrastructure. This collaboration places Indonesia as a significant player in the ASEAN Semiconductor market, influenced by the increasing need for electronics in the region and favorable government regulations.
India is actively pursuing semiconductor self-sufficiency with a substantial Rs. Investment proposal valued at 2.3 lakh crore (equal to USD 30 billion). Intending to be a worldwide hub for electronics manufacturing, the plan sets aside more than USD 10 billion to develop a strong local semiconductor and display industry. It provides attractive rewards, such as up to 50% financial aid for new factories, and promotes a design-focused strategy with a Rs. Incentive program linked to design amounting to 1500 crore rupees. The India Semiconductor Mission will supervise this ambitious strategy, aiming to establish at least two new greenfield fabs per sector and support the growth of 20 design companies with more than Rs. Revenue of 1500 crore. India's goal by 2025 is to achieve digital sovereignty, create jobs, and build a USD 1 trillion digital economy by establishing high-tech clusters and drawing in investments. This strategic decision positions India as a possible rival in the ASEAN Semiconductor market, which is growing because of increasing demand for electronics and government support.
Drivers
ASEAN's expansion in the semiconductor market is fueled by the development of electronics, advantageous policies, and a prime location.
Indonesia is in the process of strategically shifting from being a country abundant in resources to becoming a major player in the global semiconductor industry. Collaborating with the US through the CHIPS Act, the nation utilizes its extensive nickel resources to develop a strong semiconductor industry.
Indonesia is looking to draw in big tech companies such as LG with a USD 5 billion semiconductor plant in Batam and a specialized training center in Bandung. The participation of Sharp, NEC, and UTAC enhances the supply chain. Indonesia's strategic repositioning, supported by a USD 131 million US investment and digital infrastructure assistance, establishes the country as a significant player in the ASEAN Semiconductor market, propelled by growing demand for electronics and government efforts. This partnership enhances the economy of Indonesia and strengthens the global semiconductor supply chain, guaranteeing a more robust technological future.
The battery material dominance in the region is driving the growth of electric vehicles, affecting the demand for semiconductors.
Indonesia, known for its abundant nickel resources, is now considered a major player in the global supply chain for electric vehicle batteries. In 2022, the country produced 1.6 million tonnes of nickel, surpassing Australia by ten times. In order to take advantage of this opportunity, Indonesia prohibited the export of unprocessed nickel ore in 2020, which led to increased foreign investments and the development of a local battery sector. The formation of Indonesia Battery Corporation (IBC) with LG and Hyundai reflects the nation's aspiration to become a leading hub for global battery Production. Indonesia remains a leader in the nickel industry due to its advantageous location and strong government backing, despite ongoing environmental and regulatory obstacles. The increase in nickel Production and processing supports the EV industry and affects the wider ASEAN Semiconductor market, since nickel-based batteries are crucial in many electronic devices.
Restraints
ASEAN's potential for semiconductor growth is limited by infrastructure challenges.
India faces major infrastructure challenges that are impeding its goal to establish itself as a hub for semiconductor manufacturing. Ineffective transportation, plagued by traffic and interruptions, obstructs the smooth flow of goods and merchandise. The uncertain power source, essential for making semiconductors, presents a significant danger. Additionally, India's new advanced manufacturing system, which lacks the complexity of established hubs, reduces its appeal to international investors. Exorbitant logistics expenses, accounting for 14% of GDP compared to 8-10% in advanced countries, worsen operational ineffectiveness. In order to close the infrastructure gap and achieve its semiconductor goals, India needs to make significant investments in transportation networks, power generation and distribution, and advanced manufacturing facilities. Only after doing so can it establish itself as a key player in the global semiconductor value chain and attract global semiconductor players by creating a conducive environment.
Shortage of talent is hindering the growth of the semiconductor market in ASEAN.
A significant challenge facing Vietnam's expanding semiconductor industry is the shortage of skilled engineers. The need for engineers in the IT and digital industries is much greater than the supply, with only 20% of the demand for semiconductors being satisfied, annually between “5,000 to 10,000” engineers are required. This skills shortage is impeding the industry's development and jeopardizing Vietnam's economic goals. This shortage is affecting over 50 foreign companies investing in Vietnam's semiconductor industry, who need a large workforce to operate efficiently. To address this problem, the Ministry of Education and Training is giving top priority to enhancing training programs for IC design engineers. Vietnam plans to close the talent gap and unleash the full potential of its semiconductor sector by increasing the number of graduates in semiconductor engineering to 3,000-4,000 per year.
By Component
Based on Logic Devices hold the largest share in ASEAN Semiconductor Market with 24%of share in 2023. The market for logic devices is expected to continue growing in the future, propelled by the increasing demand from consumer electronics, data processing, and networking sectors. As MCUs, MPUs, and power devices continue to have consistent demand, the industry is experiencing a change towards hybrid technologies. Manufacturers are more and more looking into various combinations of semiconductors to enhance the performance and efficiency of their Products, demonstrating a changing and developing environment in the ASEAN Semiconductor market.
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By Application
In 2023, the network and communication sector emerged as the dominant application in the ASEAN Semiconductor market, capturing a notable 30% market share. The substantial surge was primarily attributed to the abrupt growth in consumer electronics demand, accelerated by the COVID-19 pandemic. The growing use of smartphones, tablets, and laptops in the area required more sophisticated networking features. At the same time, the data processing sector showed strong market interest, supported by the increasing use of cloud computing and data storage services. This part experienced increased need for memory devices, SSDs, and other storage Component s to bolster the area's growing digital infrastructure.
Vietnam hold the largest revenue with 21% of share in 2023 for ASEAN Semiconductor Market. ASEAN has established itself as a key semiconductor manufacturing center in Asia. The plan to integrate the AEC acts as a trigger for more trade within the region and worldwide, attracting multinational companies to invest in advanced technologies and manufacturing. Vietnam, within the ASEAN group, has become a leading country, showing significant expansion in its electronics and electrical (E&E) manufacturing industry. In the last ten years, Vietnam has evolved into a major exporter of affordable electronics, attracting many manufacturers involved in advancing technology. The rise in manufacturing investment in Vietnam in 2021 was highlighted by the global Navigator survey conducted by HSBC, showing an 18% increase in inbound investment.
ASEAN is ready for substantial growth in the semiconductor market, fueled by rising foreign direct investment The Philippines and Thailand are leading in this trend, experiencing net FDI growth of 16% and 14% respectively. The semiconductor sector in the area is strategically improving its supply chain network, which includes procurement, design, manufacturing, and testing processes. This thorough method guarantees that the end Products will meet the strict requirements of the worldwide market, strengthening ASEAN's role as a significant player in the semiconductor industry.
Emphasize on Excellence and Sustainability in Manufacturing
Leading semiconductor producers in ASEAN give priority to operational excellence and sustainability for achieving long-term success.
Combining cutting-edge semiconductor and infrastructure software solutions is essential for market leadership and sustainable financial performance in the integration of advanced technologies.
NVIDIA utilizes a fabless manufacturing strategy by contracting out Production to specialized suppliers, while maintaining emphasis on design and innovation.
TSMC Strategic Partnerships: Taiwan Semiconductor formed a partnership with EBV Elektronik in January 2019 to distribute its Products throughout Europe.
The Major Players 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) and other players are listed in the final report
In March 2021, Toshiba Electronic Products and Storage Corporation will build a 300-millimeter water fabrication facility at its Kaga, Japan, site to increase the Production capacity of its power Products. Mass Component ion is anticipated to begin in the first half of FY 2023.
In January 2021, ROHM CO, LTD. unveiled the CSL1501RW, an ultra-compact side-emitting infrared LED that is intended for head-mounted MR/VRAR (virtual reality, XR) gaming systems and industrial headset displays. The CSL1501 RW provides an industry-small side-view design with a top wavelength of 860 nm, producing light parallel to the mounting surface and offering remarkable design flexibility.
Report Attributes | Details |
Market Size in 2023 | USD 31.32 Billion |
Market Size by 2032 | USD 52.9 Billion |
CAGR | CAGR of 5.98 % From 2024 to 2032 |
Base Year | 2023 |
Forecast Period | 2024-2032 |
Historical Data | 2020-2022 |
Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
Key Segments | • By Type ( 4-inch SiC Wafer, 6-inch SiC Wafer) • By Application (Power Devices, Electronics, and Optoelectronics, Wireless Infrastructure, and Others) |
Regional Analysis/Coverage | ASEAN( Indonesia ,Malaysia ,Philippines ,Singapore ,Thailand ,Vietnam ,South Korea)Rest fo ASEAN |
Company Profiles | 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. |
Key Drivers |
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Market Restraints |
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Ans: ASEAN's potential for semiconductor growth is limited by infrastructure challenges & Shortage of talent is hindering the growth of the semiconductor market in ASEAN.
Ans: The Asia Pacific market is dominated.
Ans: ASEAN Semiconductor Market size was valued at USD 31.32 billion in 2023.
Ans: The ASEAN Semiconductor Market size Expected To Valued at USD 52.9 Billion in 2032.
Ans: The ASEAN Semiconductor Market is to grow at a CAGR of 5.98% over the forecast period 2024-2032.
Table of Content
1. Introduction
1.1 Market Definition
1.2 Scope (Inclusion and Exclusions)
1.3 Research Assumptions
2. Executive Summary
2.1 Market Overview
2.2 Regional Synopsis
2.3 Competitive Summary
3. Research Methodology
3.1 Top-Down Approach
3.2 Bottom-up Approach
3.3. Data Validation
3.4 Primary Interviews
4. Market Dynamics Impact Analysis
4.1 Market Driving Factors Analysis
4.1.2 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2 PESTLE Analysis
4.3 Porter’s Five Forces Model
5. Statistical Insights and Trends Reporting
5.1Wafer Production Volumes, by Region (2023)
5.2 Chip Design Trends (Historic and Future)
5.3 Fab Capacity Utilization (2023)
5.4 Supply Chain Metrics
6. Competitive Landscape
6.1 List of Major Companies, By Region
6.2 Market Share Analysis, By Region
6.3 Product Benchmarking
6.3.1 Product specifications and features
6.3.2 Pricing
6.4 Strategic Initiatives
6.4.1 Marketing and promotional activities
6.4.2 Distribution and supply chain strategies
6.4.3 Expansion plans and new Product launches
6.4.4 Strategic partnerships and collaborations
6.5 Technological Advancements
6.6 Market Positioning and Branding
7. ASEAN Semiconductor Market Segmentation, by Component
7.1 Chapter Overview
7.2 Memory Devices
7.2.1 Memory Devices Market Trends Analysis (2020-2032)
7.2.2 Memory Devices Market Size Estimates and Forecasts to 2032 (USD Billion)
7.3 Logic Devices
7.3.1 Logic Devices Market Trends Analysis (2020-2032)
7.3.2 Logic Devices Market Size Estimates and Forecasts to 2032 (USD Billion)
7.4 Analog IC
7.4.1 Analog IC Market Trends Analysis (2020-2032)
7.4.2 Analog IC Market Size Estimates and Forecasts to 2032 (USD Billion)
7.5 MPU
7.5.1 MPU Market Trends Analysis (2020-2032)
7.5.2 MPU Market Size Estimates and Forecasts to 2032 (USD Billion)
7.6 Discrete Power Devices
7.6.1 Discrete Power Devices Market Trends Analysis (2020-2032)
7.6.2 Discrete Power Devices Market Size Estimates and Forecasts to 2032 (USD Billion)
7.6 MCU
7.6.1 MCU Market Trends Analysis (2020-2032)
7.6.2 MCU Market Size Estimates and Forecasts to 2032 (USD Billion)
7.6 Sensors
7.6.1 Sensors Market Trends Analysis (2020-2032)
7.6.2 Sensors Market Size Estimates and Forecasts to 2032 (USD Billion)
7.7 Others
7.7.1 Others Market Trends Analysis (2020-2032)
7.7.2 Others Market Size Estimates and Forecasts to 2032 (USD Billion)
8. ASEAN Semiconductor Market Segmentation, by Application
8.1 Chapter Overview
8.2 Networking & Communications
8.2.1 Networking & Communications Market Trends Analysis (2020-2032)
8.2.2 Networking & Communications Market Size Estimates and Forecasts to 2032 (USD Billion)
8.3 Data Processing
8.3.1 Data Processing, Industrial Market Trends Analysis (2020-2032)
8.3.2 Data Processing, Industrial Market Size Estimates and Forecasts to 2032 (USD Billion)
8.4 Industrial
8.4.1 Industrial Market Trends Analysis (2020-2032)
8.4.2 Industrial Market Size Estimates and Forecasts to 2032 (USD Billion)
8.5 Consumer Electronics
8.5.1 Consumer Electronics Market Trends Analysis (2020-2032)
8.5.2 Consumer Electronics Size Estimates and Forecasts to 2032 (USD Billion)
8.6 Automotive
8.6.1 Automotive Market Trends Analysis (2020-2032)
8.6.2 Automotive Market Size Estimates and Forecasts to 2032 (USD Billion)
8.6 Others
8.6.1 Others Market Trends Analysis (2020-2032)
8.6.2 Others Market Size Estimates and Forecasts to 2032 (USD Billion)
9. Regional Analysis
9.1 Chapter Overview
9.2 Asean
9.2.1 ASEAN Market Estimates and Forecasts, By Country (2020-2032) (USD Billion)
9.2.2 ASEAN Market Estimates and Forecasts, By Component (2020-2032) (USD Billion)
9.2.3 ASEAN Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
9.2.4 Indonesia
9.2.4.1 Indonesia ASEAN Semiconductor Market Estimates and Forecasts, By Component (2020-2032) (USD Billion)
9.2.4.2 Indonesia ASEAN Semiconductor Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
9.2.5 Malaysia
9.2.5.1 Malaysia ASEAN Semiconductor Market Estimates and Forecasts, By Component (2020-2032) (USD Billion)
9.2.5.2 Malaysia ASEAN Semiconductor Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
9.2.6 Philippines
9.2.6.1 Philippines ASEAN Semiconductor Market Estimates and Forecasts, By Component (2020-2032) (USD Billion)
9.2.6.2 Philippines ASEAN Semiconductor Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
9.2.7 Singapore
9.2.7.1 Singapore ASEAN Semiconductor Market Estimates and Forecasts, By Component (2020-2032) (USD Billion)
9.2.7.2 Singapore ASEAN Semiconductor Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
11.2.8 Thailand
9.2.8.1 Thailand ASEAN Semiconductor Market Estimates and Forecasts, By Component (2020-2032) (USD Billion)
9.2.8.2 Thailand ASEAN Semiconductor Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
9.2.9 Vietnam
9.2.9.1 Vietnam ASEAN Semiconductor Market Estimates and Forecasts, By Component (2020-2032) (USD Billion)
9.2.9.2 Vietnam ASEAN Semiconductor Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
9.2.10 South Korea
9.2.10.1 South Korea ASEAN Semiconductor Market Estimates and Forecasts, By Component (2020-2032) (USD Billion)
9.2.10.2 South Korea ASEAN Semiconductor Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
9.2.10 Rest fo ASEAN
9.2.10.1 Rest fo ASEAN Semiconductor Market Estimates and Forecasts, By Component (2020-2032) (USD Billion)
9.2.10.2 Rest fo ASEAN Semiconductor Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10. Company Profiles
10.1 Intel Corporation (California, United States)
10.1.1 Company Overview
10.1.2 Financial
10.1.3 Products / Services Offered
110.1.4 SWOT Analysis
10.2 Qualcomm (California, United States)
10.2.1 Company Overview
10.2.2 Financial
10.2.3 Products/ Services Offered
10.2.4 SWOT Analysis
10.3 Samsung Electronics (Suwon-si, South Korea)
10.3.1 Company Overview
10.3.2 Financial
10.3.3 Products/ Services Offered
10.3.4 SWOT Analysis
10.4 SK Hynix (Gyeonggi, South Korea)
10.4.1 Company Overview
10.4.2 Financial
10.4.3 Products/ Services Offered
10.4.4 SWOT Analysis
10.5 Taiwan Semiconductors (Hsinchu, Taiwan)
10.5.1 Company Overview
10.5.2 Financial
10.5.3 Products/ Services Offered
10.5.4 SWOT Analysis
10.6 Texas Instruments (Texas, United States)
10.6.1 Company Overview
10.6.2 Financial
10.6.3 Products/ Services Offered
10.6.4 SWOT Analysis
10.7 Toshiba Corporation (Tokyo, Japan)
10.7.1 Company Overview
10.7.2 Financial
10.7.3 Products/ Services Offered
10.7.4 SWOT Analysis
10.8 Rohm Semiconductor (Kyoto, Japan)
10.8.1 Company Overview
10.8.2 Financial
10.8.3 Products/ Services Offered
10.8.4 SWOT Analysis
10.9 Renesas Electronics Corporation (Tokyo, Japan)
10.9.1 Company Overview
10.9.2 Financial
10.9.3 Products/ Services Offered
10.9.4 SWOT Analysis
10.10 Micron Technology (Idaho, United States)
10.9.1 Company Overview
10.9.2 Financial
10.9.3 Products/ Services Offered
10.9.4 SWOT Analysis
11. Use Cases and Best Practices
12. Conclusion
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Key Segments:
By Component
Memory Devices
Logic Devices
Analog IC
MPU
Discrete Power Devices
MCU
Sensors
Others
By Application
Networking & Communications
Data Processing
Industrial
Consumer Electronics
Automotive
Government
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REGIONAL COVERAGE:
Asean
Indonesia
Malaysia
Philippines
Singapore
Thailand
Vietnam
South Korea
Rest fo ASEAN
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Product Analysis
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Product Matrix which gives a detailed comparison of product portfolio of each company
Geographic Analysis
Additional countries in any of the regions
Company Information
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