China Semiconductor Market Size 2021 | Industry Share, Growth, Trends And Forecast 2026

NEW CITY, N.Y. - Feb. 14, 2022 - PRLog -- According to IMARC Group's latest report, titled "China Semiconductor Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026," the China semiconductor market grew at a CAGR of 11% during 2015-2020. Looking forward, the market is expected to continue its strong growth during 2021-2026.

Semiconductors are widely used to facilitate electrical conductivity between insulators and conductors when exposed to heat, light or voltage. These materials are compact in size, highly reliable and power-efficient. As a result, they are widely utilized in the manufacturing of sensors, integrated circuits and microwave devices across the automotive, consumer electronics, healthcare and telecommunication sectors.

Market Trends

The market in China is primarily driven by considerable growth in the consumer electronics industry. With the increasing penetration of smartphones and laptops in the country, there has been a rising demand for high-performance semiconductors, which is providing an impetus to the market growth. Moreover, the growing adoption of automotive lighting systems and the advanced driver assistance systems (ADAS) has also led to the increased uptake of semiconductors in China. The market is further driven by the widespread integration of semiconductor materials with remote sensing and the Internet of Things (IoT).

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List of Key Companies Covered in this Market Report:

• HiSilicon (Shanghai) Technologies Co. Ltd. (Huawei Technologies Co. Ltd.)
• Infineon Technologies AG
• Micron Technology Inc
• NXP Semiconductors N.V.
• On Semiconductor
• OmniVision Technologies Inc.
• Samsung Electronics
• SK hynix Inc
• STMicroelectronics
• Tianjin zhonghuan Semiconductor Co. Ltd.

The report has segmented the market on the basis of industry type, end user, material used, functions, and region.

Breakup by Industry Type:

• Design
• Manufacture
• Packaging and Testing

Breakup by End User:

• Automotive
• Industrial
• Data Centre
• Telecommunication
• Consumer Electronics
• Aerospace and Defense
• Healthcare
• Others

Breakup by Material Used:

• Silicon Carbide
• Gallium Manganese Arsenide
• Copper Indium Gallium Selenide
• Molybdenum Disulfide
• Bismuth Telluride

Breakup by Functions:

• ICs
• Discrete Devices
• Optical Devices
• Sensors
• Microwave Devices
• Hybrid ICs

Breakup by Region:

• Guangdong
• Shandong
• Henan
• Sichuan
• Jiangsu
• Others

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