As digitization becoming the norm recently, the innovation of electronics industry has been exponential increase in its demand globally. China is one of the largest consumer electronics markets in the world, about 25% of its population having access to technology products. As digital technology becomes more viable than other analog technologies, it is becoming more and more important for companies to catch up this shift. We explored the prospects of IC substrates industry in China, and focus on market drivers and key trends on this sector and the outlook of China IC Substrates industry.
1. Introduction
It looks good that prospects of China IC substrates industry. According to MarketsandMarkets report, IC substrates market grew from US$ 5.1 billion in 2016 to US$ 11.4 billion by 2021.
There are several factors made this growing, like as optoelectronic products increasing, wireless communication networks increasing, as so on.
We expected IC substrates market will grow at 6.3% ratio year by year, so there will be more and more opportunities for companies to involve in the market. This will be a good news for IC substrates companies.
If you wanted to involve in China IC substrates market, you should keep some things in mind:
Firstly, you should have a good market understanding.
Secondly, you should have a good product category.
Finally, you should have a good sales network.
If you wanted to catch up the opportunities of the IC substrates market in China, please start planning your marketing strategy now.
2. China IC Substrates Industry Overview
IC Substrates Industry has been growing very fast. The market will reach to US$ 10.3 billion in 2025 per by a report of MarketsandMarkets.
The report studied various factors of driving this growth, including rising demand of electronic equipment and components, and the increasing usage of semiconductors in various industries.
The report predicted IC substrates market would grow at about 17% rate year by year in next 5 years. This growth would be from the expanding market of smart cities and increasing demand of sensors and sensors-based products.
The report offered a detailed analysis for China IC substrates market, and provided insights into the various factors of driving the growth of the market. It provided a comprehensive market overview, and provided detailed insights into the market various segments.