Chinese IC market boom predicted
LONDON – The Chinese market for ICs is set to experience a compound annual growth rate (CAGR) of 13 percent over the period 2012 to 2017, five percentage points higher than the CAGR forecast for the global IC market over the same period, according to market research firm IC Insights Inc.
The Chinese market will move from move from $81 billion in 2012 to reach $148 billion in 2017, IC Insights said. The market research firm estimates that the worldwide chip market will be $389.3 billion in that year and that China will represent 38 percent of the total market (see figure below), up from 23 percent ten years earlier in 2007.
China-based manufacturing of chips is also expected to boom over the next five years but from a much lower level. IC production in China represented 11.2 percent of the $81 billion market in 2012.
A strong CAGR over the period 2012 to 2017 of 16.5 percent will take China-based IC production from about $9.1 billion in 2012 to $19.5 billion in 2017 which would only represent about 5 percent of the global chip production.
Click on image to enlarge.
China's IC market share forecast. Source: IC Insights.
Click on image to enlarge.
China IC market versus China IC production. Source: IC Insights.
IC Insights said that future IC production is highly dependent on inward investment from such companies as Intel, Samsung, Taiwan Semiconductor Manufacturing Co. Ltd. and SK-Hynix.
Related links and articles:
www.icinsights.com
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