Electronic components industry is a supporting
industry that provides details to association complete products, which plays a
vital role in the development of the electronics industry. Electronic
components are the circuit elements which helps in its functioning. They are
used to move electrons in their associated fields. They are mostly industrial
products, available in a singular form. They have two or more electrical leads
(or terminals) aside from antennas which may only have one terminal. These
leads connect to create an electronic circuit using a specific function (for
example radio receiver, an amplifier, or oscillator). Basic electronic
components may be packaged individually, as arrays or networks of like
components, or combined inside of packages for instance hybrid integrated
circuits, semiconductor integrated circuits, or thick film devices.
According to study, “Electronic
Components Comprehensive Report Q4/2019” the key companies operating in
the electronic component comprehensive report are Saigon Stec Co., Ltd., Meiko
Vietnam Co. Ltd., Intel Products Vietnam Co., Ltd, Haesung Vina Co. Ltd, Foster
Electric Vietnam Co. Ltd, Hanoi Doosung Tech Co. Ltd., Hosiden Vietnam Co.
Ltd., Sumidenso Vietnam Co. Ltd. Key manufacturers are opting for innovative
technologies to augment their overall productivity and operational efficiency
in order to ensure profitability.
Based on type, Vietnam electronic components
market is segmented into active electronic components, passive electronic
components and electromechanical electronic components. Active electronic
components segments are used to produce energy in the form of voltage, whereas
passive electronic components segments are used in storing energy in the form
of current. Active electronic components are further sub-segmented into vacuum
tubes (valves), power sources, discharge devices, display technologies and
semiconductors. Semiconductors include diodes, integrated circuits,
transistors, optoelectronic devices and others. Passive electronic components
are further sub-segmented into memristor, capacitor, networks, magnetic
(inductive) devices, transducers, sensors & detectors, antennas,
prototyping aids, assemblies & modules and others. In addition, based on
application, market is segmented into automotive, computing applications,
communications, motor control, industrial, security, instrumentation, medical,
lighting and others. The automotive segment is estimated to exhibit substantial
growth rate owing to rise in the use of electronic components in new standard
cars during the forecast period.
The Vietnam electronic components market is
driven by growth in digitization, followed by rise in developments of auto
electronics, rapid industrialization, growth in economy, increase in use of the
internet of things (IoT) in factories, telecommunication, homes, and domestic
& industrial electronics, rise in domestic electronic components
production, growth in automotive technologies in electronic devices and rise in
demand of multinational electronics groups in country. However, high labor
costs in the manufacturing sector may impact the market. Moreover, rise in
demand for electronic components by original equipment manufacturers (OEM) in
order to fit the smaller components to their circuit board associations is a key
opportunity for market. Furthermore, growth in demand for energy-efficient
devices is a major trend for market.
Vietnam’s electronic components industry is
dominated by foreign-invested enterprises that generates 95% of Vietnam
electronics export turnover. In upcoming years, it is expected that future of
the market will be bright on account of surge in developments of auto
electronics, and growth in adoption of smartphones during the forecast period.
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