MPU and DRAM round out top three product categories in $143 billion China IC market.
IC Insights recently released its 2021 edition of The McClean Report. The new analysis and forecast of the IC industry includes an analysis of regional IC marketshares, including a split of the China IC market by product type.
China became the largest IC market in the world in 2005 and has continued to grow in size since then. In 2020, the Chinese IC market increased to $143.4 billion, a 9% gain from $131.3 billion in 2019. IC Insights estimates that 60% ($86.0 billion) of China’s $143.4 billion IC market was integrated into an electronic system that was exported while 40% of its IC market ($57.4 billion) was used in systems that remained in the country. Figure 1 shows the split of China’s IC market by product type. Leading the way were sales of logic devices, which accounted for 26% ($37.5 billion) of China’s IC market last year. IC Insights forecasts the logic market will remain China’s largest IC product segment through 2025, maintaining a strong CAGR of 10.5% through the forecast period.
