SCOTTSDALE, AZ – China's IC market is expected to reach $100.1 billion in 2013 and represent 35% of the worldwide IC market, up from 14% in 2003, according to IC Insights.
 
In 2001, the Asia-Pacific IC market (including China, Taiwan, Singapore, Korea, etc.) first surpassed the Americas to become the leading IC-consuming market.
 
In 2008, the Asia-Pacific IC market was $111.2 billion, and, for the first time, was larger than the Americas, European, and Japanese IC markets combined, says the research firm.
 
With more of the world's electronics systems forecast to be produced in Asia-Pacific (non-Japan), and China in particular, IC Insights believes 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% of the IC market in the Asia-Pacific region.
 
In 2013, IC Insights forecasts the China and Taiwan IC market together will reach about $139 billion and represent almost 80% of the total Asia-Pacific IC market and almost half (48%) of the worldwide IC market.
 
In 2008, China's IC market increased 5% to $56.2 billion, compared to a 6% decline for the total worldwide IC market. Although China's IC market is forecast to decline 8% in 2009, this performance would still be much better than the 17% drop expected for the total IC market. Moreover, the Chinese IC market is forecast to have a 2008-2013 CAGR of 12%, double the 6% forecast for the worldwide IC market during this same time period.