The latest trends in electronics manufacturing at NEPCON Vietnam 2024
NEPCON Vietnam is a leading event in the field of electronics and SMT industry with a grand scale, gathering nearly 300 brands of machinery and equipment technology in the field of electronics, attracting more than 10,000 visitors each year. With the continuous development of the technology industry, along with the increasing demand for electronic components production in Vietnam due to the trend of shifting supply chains, the event promises to attract a large number of businesses and industry experts from all over the world. In the article below, join RX Tradex to explore the latest trends in electronics manufacturing at NEPCON Vietnam 2024.
1. Vietnam electronics industry market overview 2024
According to a report from the Ministry of Industry and Trade in the first two months of 2024, the electronic components manufacturing industry is tending to grow strongly, with the export of electronic components products increasing by 33.9% over the same period last year. The General Statistics Office has also pointed out that Vietnam’s electronics industry, especially in the field of manufacturing products such as electronics, computers and optics, currently accounts for about 17.8% of the entire industry.
Besides, the Ministry of Industry and Trade also announced the appearance of many large corporations in the world such as Apple, IKEA, Walmart, Amazon, Boeing, Carrefour, Central Group; Coppel (Mexico), IKEA (Sweden); Aeon, Uniqlo (Japan) … present in Vietnam, showing that Vietnam is gradually asserting its position, becoming a major global manufacturing center.
It can be seen that computer products and electronic components are increasingly diversified to meet the needs of the domestic and export markets. The export structure of electronic products is also making positive changes, increasing the proportion of complete and semi-finished goods, opening up many new opportunities for Vietnamese enterprises.
2. The latest trends in electronics manufacturing at NEPCON 2024
In today’s electronics industry, keeping up with and applying global trends is becoming a key factor for businesses to thrive, to optimize production processes and diversify electronic components products to participate in the global supply chain. Updating trends such as using IoT (Internet of Things) and 5G technologies, innovating semiconductor design and manufacturing, participating in green manufacturing trends… In the production process of electronic components, it is becoming an unignored trend that businesses need to aim for if they want to compete with domestic and foreign competitors.
This is also one of the main factors that this year’s NEPCON Vietnam exhibition aims to update your business with the latest trends in the electronics manufacturing industry, advanced technologies and smart solutions to serve production, specifically such as:
2.1. The explosion of IoT and 5G technology
The strong development of IoT (Internet of Things) technology and 5G technology has significantly changed the electronics manufacturing industry. IoT connects devices and machines in an intelligent network, enabling highly efficient automation and data collection. When combined with the high speed and capacity of 5G networks, this capability is further enhanced, which significantly improves production efficiency, reduces downtime, and enhances the flexibility of production processes.
Some specific applications of IoT and 5G technologies include:
- Automation and Robotization: Connecting robots and machines via IoT and controlling them through 5G networks helps to perform tasks with high accuracy and fewer errors.
- Predictive maintenance: IoT sensors can collect data from equipment and use analytics algorithms to predict when a machine needs maintenance or repair before a failure occurs.
- Supply chain management: IoT enables close tracking of electronic components from suppliers to production lines, thereby helping to optimize storage and distribution.
- Enhanced security: IoT provides a comprehensive monitoring solution, both inside and outside the factory, while 5G ensures that data is transmitted quickly and securely.
The adoption of IoT and 5G technologies is creating a revolution in manufacturing, especially in the electronics industry today. The application of these technologies allows manufacturers to continue to develop and innovate, meeting the growing needs of the modern market.
2.2. Innovation in semiconductor design and manufacturing
New technologies such as AI technology, 3D printing, blockchain are being applied to semiconductor design and manufacturing to create products with high performance, energy saving, and better interoperability with users.
In addition, new technologies such as 5nm microprocessors, integrated circuits, 3D NAND flash memory, advanced sensors are also being applied and widely developed in production to create new, smarter and more convenient products for users. At the same time, the improvement of production processes such as the use of new materials, automated production processes, optimization of production costs also plays an important role in innovation in the semiconductor manufacturing industry.
Innovation in semiconductor design and manufacturing not only improves product performance and quality, but also enhances competition, expands markets, and meets the increasingly diverse needs of consumers.
2.3. Green and sustainable production trend
Currently, green manufacturing trends in the electronics industry are becoming increasingly important and promoted. Due to the trend of globalization, in order to attract FDI as well as participate in the global supply chain, manufacturing enterprises are gradually having to transition to cleaner production methods, minimize negative impacts on the environment and optimize resource use towards sustainable production. This is considered an inevitable trend and also a guideline for businesses to aim to affirm their position, enhance competitiveness in both domestic and foreign markets.
Some of the current green manufacturing trends that businesses need to adopt to promote green and sustainable production include:
- Use renewable energy sources: Switch to renewable energy sources such as solar and wind to reduce carbon emissions and optimize energy use in the production process.
- Optimize production processes: Apply advanced technology and cleaner production processes to reduce the amount of waste, wastewater and emissions into the environment.
- Recycling and reuse: Recycle electronic materials and components to reduce the amount of waste entering the environment and optimize resource use.
- Building sustainable supply chains: Working with supply partners to ensure that electronic products are manufactured to sustainable, societal standards.
These manufacturing efforts not only help reduce negative environmental impacts but also create value for businesses through enhancing brand reputation, attracting customers interested in green trends, and promoting the sustainable development of the electronics manufacturing industry.
3. Benefits of participating in NEPCON Vietnam 2024
In addition to updating the latest electronics production trends today, participating in NEPCON Vietnam 2024 also opens up many new opportunities for businesses to connect and expand their business networks, find new technology solutions to serve the production process or find answers to difficult problems of optimization production now. Here are some specific benefits of participating in NEPCON Vietnam:
3.1. Access to the latest trends and technologies in the industry
NEPCON Vietnam is home to hundreds of modern machinery and equipment technology brands in the field of electronics from many other countries around the world. When participating in the exhibition, enterprises will have the opportunity to directly contact with the latest technologies and products in the field of electronics, quickly update information about technology trends, thereby applying them to their production processes to improve quality and performance.
3.2. Expanding business network and cooperation
At NEPCON, it is an ideal place for businesses and investors to connect with leading industry experts. Participation in the exhibition not only helps create opportunities to meet, but also opens the door for finding potential partners and expanding business. By displaying products and participating in related events, businesses have the opportunity to attract the attention of potential investors, thereby promoting the development and expansion of business networks in the Vietnamese market .
3.3. Build credibility for businesses
Participating in NEPCON not only helps businesses reach a wide audience but also contributes to building reputation and reputation in the industry. By demonstrating professionalism, creativity and commitment to quality through product display and social activities, businesses can make a strong and reliable impression on partners and customers, building long-term and sustainable relationships in the industry.
4. Information about NEPCON Vietnam 2024
With the theme “Navigating the future – Ushering in the era of success”, NEPCON Vietnam Electronics Exhibition 2024 will be held in September in Hanoi.
Exhibition details:
- Venue: I.C.E Hanoi International Exhibition Center – 91 Tran Hung Dao, Hoan Kiem District, Hanoi.
- Time: 11-13/09/2024
- Register for the exhibition at: http://ldp.ink/NEV24
5. Summary
In the context of continuous development of the technology industry, NEPCON Vietnam 2024 promises to be an important platform for businesses to access and update the latest trends in the electronics manufacturing industry. Don’t miss the opportunity to participate and register for the exhibition now to become a part of NEPCON Vietnam 2024!
