Semiconductor industry in China growing by 25% year on year in 2019

ANG MO KIO, Singapore - June 17, 2019 - PRLog -- The report "Semiconductor industry in China by Application (Communications, Consumer electronics, Cars, factories, defense), specialisation (The Integrated Device Manufacturer (IDM) model, The Fabless-Foundry model), and Region – China Forecast to 2030". The Global Semiconductor industry outlook is good, with market having y-o-y growth of 21.62% and $412.2 billion revenues. The industry seems to take off mostly with memory price increase and IoT technology demands. The annual revenues for 2018 is expected to reach around $450 billion with 7.7% growth since 2017.

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After a year of exciting growth in 2017, industry leaders are being asked about their thoughts on what to watch for across the semiconductor industry in 2018. In particular, many eyes are on China, as the country continues to build up its local semiconductor ecosystem

By 2030, China aims to create a world class semiconductor industry value chain and also to promote a set of leading companies to be considered tier 1 players in global semiconductor market

In 2016, the market scale in China reached $218.83 billion dollars. As of 2017, China semiconductor market size achieved approximately $244 billion, with year-on-year growth of 11.4 %. With the continuous growth of China integrated circuit design, manufacturing, packaging and other industries supported by national policies, it is estimated that China semiconductor market size will be close to $274.8 in 2018, with a growth rate of 12.4 %

The revenues for semiconductors manufactured in China will grow by 25% to approximately $110 billion in 2019 from an estimated US$85 billion in 2018. China still only supplies 30% of its domestic demand of about $330 billion in 2019

As of 2019, the Chinese semiconductor is in its primary stage of development and that too at a level lower than the international standard of advance level. However, it's strengths are: large-scale introduction, digestion, absorption and key construction that has led China to become the largest semiconductor market in the world.

Further, China has realized three years of consecutive growth in the sector and also has the highest growth rates among all regions. According to the global sales in second quarter 2018, regionally, China, America, Europe, Japan, Asia-Pacific and all other regions have a growth rate of 30.7%, 26.7 %, 15.9 %, 14.0 % and 8.6 % respectively.

According to the 2017 ranking, two Chinese companies, HiSilicon and Unigroup (Spreadtrum and RDA), are among the top 10 fabless IC sales leaders in the world

In February 2018, Chinese AI semiconductor manufacturer Horizon Robotics raised US$600 million in Series B funding from SK China, SK Hynix and big auto groups, making it the first to get entitled to astounding amount of US$3 billion. According to Horizon, their next goal is to become the "Intel of edge computing" in areas such as intelligent driving and AIoT

At present the semiconductor market in China is set to grow at an astounding speed. The current backbone of the electronics and telecom industry in China, semiconductor companies in China are driving innovation with new trends like spending on wafer fab equipment.

Although China is expected to play an increasingly influential role in the global semiconductor market over the next few years, government incentives and market conditions still need improvement to allow for the further reduction in the consumption/production gap and long-range moderate growth.