Malaysia and Vietnam Product Engineering Services for Semiconductor Market Size by Major Players, Trends, Key Regions and Growth Forecast to 2022-2031

In Q4 2021, U.S. current-account deficit widened stood at $224.8 billion. However, in Q1 22, CAD rose by 29.6%, reached to $291.4 billion, adding $66.6 billion to the gap. Export of good and services increased by $25.7 billion to reach $1.03 trillion in the first quarter of 2022. However, country’s goods and services deficit was $79.6 billion in June, down $5.3 billion from $84.9 billion in May, revised- reflecting some sight of relief. On the other hand, annual inflation rate in the country hit 8.5%. Energy CPI surged by 32.9% in July 2022, inflating the cost of logistic and signs to disrupt supply chain whilst electricity cost upsurged by 15.2%, highest since Feb 2006. Apart from that, In July 2022, existing US home sales declined 5.9% to 4.81 million (seasonally adjusted annual rate), the lowest since May of 2020 and below market expectations of 4.89 million. As mortgage rate touches highest at 6%, sales for houses declined for a sixth consecutive month. Global energy crises to remain at focal point impacting the economic activity in the U.S, pushing consumers to spend less on the products and services and save more.

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On the other hand, the worst is expected to be seen in the European countries, especially during 2022 winters. The energy and gas crises has already started grappling the region, wherein many Western European countries including Germany is looking for coal fired solutions to tackle the gas supply shortage created by Russian-Ukraine conflict.

Amidst global concerns, market players have started looking for safe investments by holding on to the new technology and product launches. Factors like currency translation, disruption in global supply chain, Anti-China sentiments brewing across the globe, slowdown in Chinese economy, inflated products prices, USD getting stronger every week, decreasing purchasing power and strict measures taken by central banks/institutions across the world to ensure less spending and more saving, could hit the demand for the product and service badly in near future.

The Malaysia product engineering services for semiconductor market is estimated to garner a revenue of USD 29.66 Billion by the end of 2031 by growing at a CAGR of 7.62% over the forecast period, i.e., 2022 – 2031. Moreover, in the year 2021, the market in the nation registered a revenue of USD 14.71 Billion. On the other hand, the Vietnam product engineering services for semiconductor market is estimated to garner a revenue of USD 13.79 Billion by the end of 2031, by growing at a CAGR of 5.98% during the forecast period.

Moreover, in the year 2021, the market in the nation generated a revenue of USD 7.92 Billion. The growth of the market in these nations can be attributed to the growing demand for integrated circuits, backed by increasing adoption of internet of things (IoT) and the surge in initiatives for smart cities. For instance, the Malaysian Administrative Modernisation and Management Planning Unit (MAMPU) of the Government of Malaysia, has developed the Malaysia Smart City Framework (MSCF) that serves as a guide and reference to the local authorities. On the other hand, according to the statistics by the International Trade Center (ITC), the value of imports of electronic integrated circuits in Vietnam and Malaysia increased from USD 7313460 Thousands and USD 25896927 Thousands respectively in the year 2012 to USD 39140771 Thousands and USD 33390452 Thousands respectively in the year 2020.

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The growth of the market can also be attributed to the rising need amongst end-use industries to reduce the time to market (TTM) for procurement of semiconductors, followed by the growing demand for advanced and highly efficient semiconductors. Semiconductors are used nowadays in several end-use products. Moreover, with the growing focus on product miniaturization, there is a rising need amongst the semiconductor manufacturers to manufacture efficient semiconductor chips with reduced sizes, which in turn, is anticipated to drive the market growth. Besides this, the surge in adoption of wireless technologies, as well as the emergence of 5G technology in these countries, along with the growing integration of artificial intelligence in semiconductor product engineering, are some of the additional factors anticipated to drive the market growth in the coming years.

Growth Drivers and Challenges Impacting the Growth of the Malaysia and Vietnam Product Engineering Services for Semiconductor Market

Growth Drivers

  • Growing Demand for Integrated Circuits
  • Rising Need Amongst Semiconductor Manufacturers for Lowering Time to Market (TTM)

Challenges

  • Fear of Dropping Control over Intellectual Property Rights

Malaysia and Vietnam Product Engineering Services for Semiconductor Market Segmentation Synopsis

The Malaysia and Vietnam product engineering services for semiconductor market is segmented by services and by solution. By services, the market is segmented into pre-silicon validation, and post-silicon validation, out of which, the pre-silicon validation segment in the market in Malaysia, is anticipated to grow with the highest CAGR of 8.09% during the forecast period, while the post-silicon validation segment is anticipated to garner the highest share in the year 2031. On the other hand, in Vietnam, the pre-silicon validation segment is anticipated to grow with the highest CAGR of 6.46% during the forecast period.

The Malaysia and Vietnam product engineering services for semiconductor market is further segmented on the basis of solution into product & component design, product testing, product deployment, product support, and others. In the market in Malaysia, product & component design segment registered the largest revenue of USD 6.32 Billion in the year 2021 and is further anticipated to grow with the highest CAGR of 8.11% during the forecast period and touch the largest revenue of USD 13.35 Billion by the end of 2031. Moreover, in Vietnam, the segment is projected to garner the largest revenue of USD 5.96 Billion by the end of 2031, up from a revenue of USD 3.25 Billion in the year 2021.

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Key Companies Dominating the Market

Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the Malaysia and Vietnam product engineering services for semiconductor market that are included in our report are Faststream Technologies, ALTEN, Tech Mahindra Limited, Wipro Limited, eInfochips Private Limited, Tessolve, SION Semiconductors (P) Limited, HCL Technologies Limited, Accenture, and others.

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