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Semiconductor Market in China to Post CAGR of 11.8% 2015-2019July 14, 2015 | PRNewswire
Estimated reading time: 1 minute
The revenue of the semiconductor market in China to grow at a CAGR of 11.8% during the period 2014-2019.
This report covers the present scenario and the growth prospects of semiconductor market in China for the period 2015-2019. To calculate the market size, the report considers revenue generated from the sales of ICs and O-S-D in China.
The ratio for demand-supply is expected to increase to 35% by 2019 because of the growing deployment of semiconductors in electronic devices. This will still result in a growing consumption market for consumer electronics sectors and various other contributing sectors such as automotive and healthcare.
According to the report, one of the key factors influencing the growth of the market is the increased use of semiconductors in consumer electronic devices such as smartphones and tablets. The growing number of smartphone vendors in China are creating high demand for semiconductor ICs.
Further, the report states that factors such as advances in technology and intense competition among vendors will affect the market adversely. Competition will affect local vendors operating in the market, as they have to adhere to rapid technological changes and this will also affect their customer base.
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