Published on : May 21, 2018
Albany, New York, May 21, 2018: As indicated by a new research report recently added to the repository of Market Research Hub (MRH), the integrated circuit industry in China will continue to gain bolstering support from the regional government in upcoming years. The report, titled “China Integrated Circuit Industry, 2018-2022” predicts robust growth prospects for China’s IC (integrated circuit) market over a four-year projection period, 2018-2022.
China Integrated Circuit Industry: Overview
Intense government support that has been the backbone of IC market growth in China, is expected to continue in the course of next four years, according to recently conducted research on the Chinese IC industry. China’s central government and several local governments have been encouraging the infrastructure development in IC industry through various favorable policies. This factor is eventually resulting in elevating fiscal revenue of the IC industry in China. Moreover, the Made in China 2025 strategy is in the pipeline, which is expected to catalyze upgrading and transformation of the industry in next few years.
The Chinese IC industry, though performing below the global advanced level, is anticipated to continue robust growth post-joining the World Trade Organization (WTO). When compared to international brands, the chip manufacturing industry of China still lags behind by 1-2 generations in regards to advanced technology. Furthermore, China’s IC design still has scope for improvement and also manufactures single products. Research indicates that it is necessary to chop off the technological gap between international mainstream companies and China’s domestic brands on the packaging and testing front.
China Integrated Circuit Industry: Segmentation
In addition to China being a top market for globally leading chip companies, research reveals that high-end integrated circuit products in Chinese industry are highly dependent on imports. China’s rapid development post-penetration of industrial monitoring technology, smart logistics, smart cities, and smart homes has been boosting the sales of various types of sensors, eventually fueling the growth of IC industry within China. Robust adoption of automation by manufacturing industry are also identified to be uplifting the integrated circuit market in China. China has been and is foreseen to retain its position of world’s top producer and consumer of automobiles, in addition to being the largest base of manufacturing as well as outsourcing of electronics globally. The report implies that China will remain the largest consumer market for integrated circuits in the long run.
Automotive electronics, IoT & communications equipment, and industrial automation are among the key end-user segments in integrated circuit industry, driving a majority of revenue. With PC production on a steep downfall worldwide, the market for smartphones is exploding since the past decade. To add to it, related industries such as IoT, cloud computing, and big data are witnessing exponential growth since the recent past. Constantly propelling demand from end-use industries will reportedly play a key role in China’s integrated circuit industry in near future.
China Integrated Circuit Industry: Key Prospects
The report will also provide a few more insights on China’s integrated circuit industry, including the economic and political environment influencing the industry’s performance. The analysis of current and prospective demand and supply scenario, competitive landscape, IC import and export status, leading enterprises in China’s IC industry, and key challenges and limitations that are expected to impact the performance of integrated circuit market in China.
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