In 2001, the Asia-Pacific IC market (which includes countries such as China, Taiwan, Singapore, Korea, etc.) first surpassed the Americas segment (which includes the US, Canada, Mexico, Central America, and South America) and became the leading IC-consuming market.
In 2008, the Asia-Pacific IC market was $111.2 billion, and, for the first time ever, was larger than the Americas, European, and Japanese IC markets combined!
Source: IC InsightsThe tremendous growth of the Asia-Pacific IC market over the past few years mirrors the trend toward increasing electronic system production in the Asia-Pacific region, especially in China. In general, regional IC market growth is typically closely matched to the growth of regional electronic system production.
With more of the world's electronic systems forecast to be produced in Asia-Pacific (non-Japan), and China in particular, IC Insights believes that Asia-Pacific IC market growth will continue to significantly outpace total IC market growth for at least the next five years.
In 2009, China and Taiwan together are expected to represent about 75 percent of the IC market in the Asia-Pacific region. In 2013, IC Insights forecasts that the China and Taiwan IC market together will reach about $139 billion and represent almost 80 percent of the total Asia-Pacific IC market and almost half (48 percent) of the worldwide IC market!
In 2008, China's IC market increased 5 percent to $56.2 billion as compared to a 6 percent decline for the total worldwide IC market. Although China's IC market is forecast to decline by 8 percent in 2009, this performance would still be much better than the 17 percent drop expected for the total IC market.
Moreover, the Chinese IC market is forecast to have a 2008-2013 CAGR of 12 percent, double the 6 percent forecast for the worldwide IC market during this same time period.
Source: IC Insights
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