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China's IC Market Is Expected To Reach $ 148 Billion In 2017

The latest forecast of the market research firm IC Insights report pointed out that China's IC market is expected between 2012 and 2017, an average of 13% compound annual growth rate (CARG) continued expansion, compared with the same period the CAGR of the global IC market forecast value high the 5%. IC Insights said that by 2012 China's IC market size of $ 81 billion ,in 2017 to grow to $ 148 billion; The agency estimates that the global chip market in 2017 will reach 3,893 one hundred million U.S. dollars, the Chinese market in which to occupy the proportion of 38%. In 2007, China's chip market revenue occupied 23% of the global chip market revenue.  Moreover, IC Insights expects the the chip manufactured locally in China will surge in the next five years. In 2012, the Chinese local manufacturing IC occupies 11.2% of the local total size of $ 81 billion chip market, but in 2012-2017, China's domestic IC will be increasing at a CAGR of 16.5%, revenue size from $ 9.1 billion in 2012 to grow to $ 19.5 billion in 2017, but occupied the proportion of the global IC market is only about 5%.
 

 

    
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