Malaysia and Vietnam Product Engineering Services for Semiconductor Market Analysis 2022-2031

The Malaysia and Vietnam product engineering services for semiconductor market is anticipated to grow with a CAGR of 7.62% and 5.98% respectively during the forecast period, i.e., 2022-2031. Factors such as the increasing need amongst industries for efficient semiconductor chips with reduced sizes, followed by the surge in need amongst end-users of semiconductors to lower the time to market (TTM) for the procurement of these chips, are anticipated to drive the market growth in the coming years. Additionally, increasing demand for integrated circuits, backed by the growing adoption of internet of things (IoT) and increasing smart city initiatives, are also projected to boost the market growth in the coming years. The market is anticipated to garner a revenue of near to USD 30 Billion and USD 14 Billion respectively by the end of 2031, up from a revenue of close to USD 15 Billion and USD 8 Billion respectively in the year 2021.

The Malaysia and Vietnam product engineering services for semiconductor market is segmented by services and solution. Based on solution, the market in these nations is segmented into product & component design, product testing, product deployment, product support, and others. By the end of 2031, the product & component design segment is anticipated to garner the largest revenue of about USD 14 Billion and USD 6 Billion respectively in Malaysia and Vietnam. Moreover, in the year 2021, the segment in these nations generated a revenue of around USD 6 Billion and USD 3 Billion respectively.

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.