London, 01 December 2014 – In response to increased adoption of ICs in consumer electronic devices, the IC Market in China is expected to grow at a CAGR of 11.4 percent from 2015-2019, says research firm TechNavio.
The small size of ICs and their ability to integrate various circuits and functions on a single chip enable manufacturers to deploy ICs in devices, in order to enhance device features.
About the Report
The latest report by TechNavio emphasizes increased penetration of smartphones and tablets in the telecommunications market, which has become the primary factor for upcoming growth in the IC market in China. Smartphones and tablets are both embedded with ICs, which will result in increasing demand for ICs in the market in the near future.
“The current penetration rate of smartphones in China is about 32 percent and is expected to grow to more than 45 percent during the forecast period,” says Faisal Ghaus, Vice President of TechNavio.
“The adoption of low-cost tablets is projected to increase in the coming years as well.”
The growth of telecommunications networks in China is also expected to boost the adoption of ICs in network operator devices. The growing wireless and wired market is expected to deploy ICs to increase and improve network base and efficiency over the projected period.
Key Information Covered in the Report:
Market segmentation, size and forecast through 2019
Market Growth Drivers:
- Increased Adoption of ICs in Consumer Electronics Market
- For a full detailed list, view our report.
Market Challenges:
- Lack of Skilled Workforce
- For a full detailed list, view our report.
Market Trends:
- Increased Penetration of Smartphones and Tablets
- For a full detailed list, view our report.
Key Vendors:
- Intel Corp.
- Samsung Electronics Co. Ltd.
- SK Hynix Inc.
Other Prominent Vendors:
- HeJian
- Shanghai Huali
- SMAIC
https://www.technavio.com/%3Cp%3E%3Ca%20href%3D%22http%3A//www.technavio….
