July 17, 2018
Technavio has published a market research report providing expert analysis for the semiconductor market in East Asia. According to Technavio’s semiconductor market in East Asia 2017-2021 report, the market is expected to post a CAGR of more than 8% during the forecast period.
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Facts and Figures From Technavio's Semiconductor Market in East Asia 2017-2021 Report (Photo: Business Wire)
Semiconductor Market in East Asia: Key Leading Countries
This market research report segments the semiconductor market in East Asia by the following countries (China, Taiwan, Japan, South Korea, Vietnam and the rest of Asia). The report provides an analysis of market growth, drivers, challenges, and emerging trends for each geographical segment.
China and Taiwan held the largest share of the market in 2016 with over 37% and close to 26% respectively. China is the world’s largest market for semiconductors. The country has a high demand for ICT components and services and semiconductor products such as ICs. The semiconductor market in Taiwan is expected to witness an increase in revenue over the forecast period owing to rising adoption of communication devices worldwide. This will lead to an increase in demand for semiconductor ICs thereby contributing to the growth of the semiconductor market.
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Semiconductor Market in East Asia: Key Market Driver
A key factor driving the growth of the market is the increase in demand for consumer electronics which is expected to boost the market for semiconductors during the forecast period. Most of the consumer electronics manufacturers in East Asia are global giants, such as Sony, Panasonic, and Toshiba. Rapid improvements in technology will mandate the use of several ICs in every appliance. This will result in an increase in the average number of semiconductor chips used in consumer appliances which augurs well for the growth of the semi-conductor market in the region.
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Semiconductor Market in East Asia: Key Emerging Trend
In this report, Technavio highlights the developments in sensor technologies and communication devices as one of the key emerging trends in the semiconductor market in East Asia.
In an industrial setup, sensors help in achieving enterprise mobility, remote monitoring, and remote controlling of systems. All these factors pave the way for improved cost savings and better revenues. Therefore, as more industries worldwide embrace different types of sensors, enabling IoT becomes a high possibility. In addition, the increased adoption of communication devices and the emergence of new players in the market has led to a decline in the price of communication devices which will further lead to the adoption of IoT.
“Technological advances have helped manufacturers of communication devices standardize the throughput and capacity of their products, resulting in the simplification of the manufacturing process. This has accelerated the development of low-cost communication devices. The affordability of these devices has led to the increased adoption of IoT. The market is expected to grow with the decline in the prices of major IoT components,” says a senior analyst at Technavio.
Technavio’s report provides expert market research on the following topics:
Market Segmentation Analysis
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