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APac Dominates Chip Market

APac Dominates Chip Market

The Asia-Pacific region is leading market share in the computer and communications IC categories, and to a lesser extent in the consumer and industrial categories, according to researcher IC Insights. 

It says the Asia-Pacific region will also achieve top share of the segment in 2016 as China continues to account for a large and growing portion of new car shipments.

From 2012-2018, the two highest growth end-use markets for ICs are forecast to be the industrial and communication segments, with CAGRs of 9.1 percent and 8.2 percent, respectively.  The automotive IC market is forecast to achieve a CAGR of 6.1 percent from 2012-2018.