Semiconductors - Southeast Asia

  • Southeast Asia
  • Revenue in the Semiconductors market is projected to reach US$95.89bn in 2024.
  • Integrated Circuits dominates the market with a projected market volume of US$86.45bn in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 11.25%, resulting in a market volume of US$163.40bn by 2029.
  • In global comparison, most revenue will be generated in China (US$177.80bn in 2024).
 
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Analyst Opinion

The Semiconductors market in Southeast Asia is experiencing significant growth and development.

Customer preferences:
Customers in Southeast Asia have a strong preference for advanced and innovative semiconductor products. They are increasingly demanding high-performance chips that can support emerging technologies such as artificial intelligence, Internet of Things, and 5G. Additionally, customers in the region value cost-effective solutions that offer a good balance between price and performance.

Trends in the market:
One of the key trends in the Semiconductors market in Southeast Asia is the increasing demand for consumer electronics. Southeast Asia is home to a large and growing middle class population, which has led to a rise in disposable income and consumer spending. This has translated into higher demand for smartphones, tablets, and other electronic devices, driving the need for semiconductors. Another trend in the market is the growing focus on manufacturing and assembly of semiconductors in Southeast Asia. The region offers a favorable business environment with competitive labor costs, skilled workforce, and supportive government policies. As a result, many semiconductor companies are setting up manufacturing facilities in countries like Malaysia, Thailand, and Vietnam to take advantage of these benefits.

Local special circumstances:
Southeast Asia is a diverse region with varying levels of economic development and infrastructure. While countries like Singapore and Malaysia have well-established semiconductor industries and infrastructure, others are still in the early stages of development. This creates opportunities for both established players and new entrants to tap into the growing market potential. Additionally, the region is experiencing rapid urbanization and increasing connectivity, which is driving the demand for smart city solutions. Semiconductors play a critical role in enabling smart city technologies such as smart grids, intelligent transportation systems, and digital infrastructure. This presents a significant growth opportunity for semiconductor companies in Southeast Asia.

Underlying macroeconomic factors:
Several macroeconomic factors are contributing to the growth of the Semiconductors market in Southeast Asia. The region has a young and growing population, which is driving demand for consumer electronics and other technology-driven products. Additionally, governments in Southeast Asia are actively promoting digital transformation and investing in infrastructure development, which is further fueling the demand for semiconductors. Furthermore, Southeast Asia is strategically located, serving as a gateway to other Asian markets. This makes it an attractive destination for semiconductor companies looking to expand their presence in the region. The presence of major electronics manufacturers and strong supply chain networks also contribute to the growth of the semiconductor industry in Southeast Asia. In conclusion, the Semiconductors market in Southeast Asia is experiencing significant growth and development driven by customer preferences for advanced and cost-effective solutions, the increasing demand for consumer electronics, the focus on local manufacturing and assembly, and the region's unique local special circumstances and underlying macroeconomic factors.

Methodology

Data coverage:

The data encompasses B2B, B2G, and B2C enterprises. Figures are based on the money spent at the manufacturer price level (excluding VAT).

Modeling approach / Market size:

Market sizes are determined through a top-down approach with a bottom-up validation, building on a specific rationale for each market. As a basis for evaluating markets, we use the annual financial reports of the market-leading companies and reports from our primary research. In addition, we use relevant key market indicators and data from country-specific associations. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. The main drivers are the GDP and the level of digitization.

Additional notes:

The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change.

Overview

  • Revenue
  • Key Players
  • Analyst Opinion
  • Global Comparison
  • Methodology
  • Key Market Indicators
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