According to TechInsights, China has maintained its position as the largest global IC consumer market since 2005, reaching a peak of $177.3 billion in 2021. However, it is expected to decrease by 7.3% in 2022.
Besides the $164.4 billion in 2023, due to the global economic slowdown, China's COVID-19 policies, and the tightening of US regulations on China's semiconductors, it is expected to shrink by 18% to $135 billion in 2023.
Simultaneously, China's share in the global IC market is expected to decline from 34% in 2021 to 31% in 2022 and 29% in 2023. However, despite the decrease in market share, China remains the world's largest semiconductor consumer market.
On the other hand, in 2022, the value of China's IC manufacturing industry (including both foreign and domestic manufacturing) will reach $30 billion. Among this, domestic manufacturers headquartered in China will reach $15.2 billion, a 13% increase from the previous year.
TechInsights estimates that although Chinese ...
Already subscribed? Sign in.
Don't Miss Out.
Invest with as little as one bottle of water per week.
Join other top analysts and business executives and navigate the unique market with China Internet Watch.
Cancel at any time