05 years China IC market reached $34 billion 300 million as the world's oldest

Market research company IC insights recently released report predicts that in 2005 Chinese IC market will grow by 11%, to $34 billion 300 million, becoming the world's largest market area ic.

IC insights said that although the 11% will be much lower than in recent years China IC market growth rate, but still much higher than the growth rate of global IC industry in 2005. The latter is expected to decline by 2% this year.

According to IC Insights report, 2001-2004 China IC market CAGR of 46%, the U.S. IC market for the same period was 14%.

Is expected in 2005 global IC spending amounted to $175 billion 400 million, Chinese will account for 20% in which the proportion is much higher than the 8% in 2001. The report notes that in 2001, when the U.S. IC market is more than three times the Chinese IC market.

IC insights said, although it is expected that China began to become the largest IC market in 2005, but does not necessarily mean that Chinese IC yield will reach great level.

IC insights said that before 2010 Chinese IC production growth rate can be very strong. But China's IC output in 2004 was only $2 billion 400 million, the base is relatively small.

IC insights forecast, 2010 China IC output will grow to $14 billion 500 million. Despite the rapid growth, but in 2010 China's IC production value in the global IC output value of only 5%. Moreover, the output value of $14 billion 500 million is equivalent to only the size of China's IC market in 2010 of 15%. The report predicts that in 2010 China's IC market will reach $95 billion.