Chinese semiconductor industry enterprises' market research status in 2023: Opportunities and challenges
With the rapid development of China's integrated circuit industry and the increasing downstream demand, wafer prober semiconductor companies are currently facing market opportunities for the upgrading of downstream technology industries such as new energy vehicles, the Internet of Things, and intelligent manufacturing, and manufacturers of the industry are actively expanding their markets.
Market size of the semiconductor industry
China's semiconductor industry has experienced rapid growth in recent years because of huge market demand, probe test rich demographic dividends, stable economic growth, and a favorable industrial policy environment. China's semiconductor industry sales increased by 12 percent in 2021, from 788.5 billion yuan in 2017 to 1,242.3 billion yuan in 2021. In 2023, China's semiconductor market is expected to grow to 150.9 billion yuan.
Research Institute for Industry and Commerce, China Semiconductor Industry Association
The semiconductor industry offers new opportunities
An era of golden development was ushered in by the national industrial policy and the industry.
The significance of the semiconductor industry's growth serves as a vital indicator of a nation's economic and technological prowess. wafer probing In particular, the wafer manufacturing sector is a key battleground in the global financial technology market. Thus, boosting China's competitiveness in its semiconductor-related information industry has emerged as a crucial objective in advancing the country's manufacturing capabilities. To this end, the government has implemented a range of favorable measures to foster the ongoing progress of the service industry.
There has been a shift in the global semiconductor industry, and China's semiconductor industry has grown rapidly
In the semiconductor industry's history, there have been two major global industrial transfers. The initial transfer occurred in the 1970s, shifting from the United States to Japan. The second transfer happened in the 1980s, moving to South Korea and Taiwan Province of China. These transfers are a culmination of various factors such as market demand, national industrial policy, and capital motivation. They have resulted in significant changes within the industry, including the direction of development, specialization of tasks, and distribution of resources. As a result, new players emerged and stimulated innovative growth within the entire sector.
A huge end-use application market supports the semiconductor industry from all directions and angles. At present, China is the most dynamic end-use application industry cluster in the world. The Chinese semiconductor industry has reached a leading position after years of development in high-tech industries like new energy, display screens and light-emitting diodes, and has actively promoted the upgrade of a range of chip products, accelerating the development of the domestic semiconductor industry.
There has been a rapid upgrade of the application market, as well as a rapid expansion of the industry market space.
As new technologies like the Internet of Things, the China mobile network, and artificial intelligence continue to advance, semiconductor materials are quickly evolving in industries such as industrial management control and automotive electronics. This is due to upgrades in the manufacturing industry's industrial structure and constant updates in technical knowledge within the high-tech field. As a result, economies of scale have increased for semiconductor enterprises. For example, there has been a significant growth in the use of power semiconductors particularly in new energy vehicles, where they now hold twice the value compared to traditional vehicles. In terms of IoT-related fields, Gartner predicts a substantial rise in globally connected system devices from 13.1 billion in 2020 to 24 billion by 2025 with a compound growth rate of 12.87%. This rapid advancement of downstream technology and finance industries has become a major driving force for growth within the education industry. With continued learning and improvement in core technology innovation and research and development among domestic small and medium-sized enterprises, competition within the domestic semiconductor market is also expected to expand rapidly.