In 2023, the production of integrated circuits in China stood at 54.12 ten billion units. As we look at the forecasted data from 2024 to 2028, a clear upward trend is evident. Specifically, the production value in 2024 starts at 64.69 ten billion units, increasing to 101.72 ten billion units by 2028. The year-on-year variations reflect significant growth rates:
- 2024 to 2025: 14.52% increase
- 2025 to 2026: 12.56% increase
- 2026 to 2027: 11.04% increase
- 2027 to 2028: 9.84% increase
Analyzing these variations, we notice a compound annual growth rate (CAGR) of approximately 14.44% from 2023 to 2028, indicating a robust and accelerating expansion in this sector.
Future trends to watch for include technological advancements, geopolitical factors affecting supply chains, rising domestic demand due to the digital transformation of industries, and China's strategic drive towards self-sufficiency in semiconductor production.
