China Semiconductor Market Overview
Base Year: 2024
Historical Years: 2019-2024
Forecast Years: 2025-2033
Market Size in 2024: USD 182.8 Billion
Market Forecast in 2033: USD 429.9 Billion
Market Growth Rate (2025-33): 8.9%
The China semiconductor market size reached USD 182.8 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 429.9 Billion by 2033, exhibiting a growth rate (CAGR) of 8.9% during 2025-2033. Significant growth in the automotive industry across the country, the increasing connectivity of devices across various industries, and the growing focus on renewable energy sources and energy efficiency are among the key factors driving the market growth.
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China Semiconductor Market Trends and Drivers:
From an arms race of process technology development, the Chinese semiconductor industry has been transitioning towards developing its niche and mature technology capabilities. Due to recent export control improvements, domestic semiconductor manufacturers have begun to invest large capital in the development of more mature manufacturing processes, at 28 nanometers and above, which support a large portion of the global electronics market. This change was not by mere coincidence, but part of a planned plan to achieve self-sufficiency in semiconductor technology for key segments where speed is not paramount, such as automotive, industrial automation, and the Internet of things (IoT) where reliability, cost and often lower power requirements are of far greater importance, and the size of the transistor is less critical. According to analysts, Chinese foundries have committed more than 60% of their new capacity investments to automotive, power management ICs, MCUs and image sensors. The aim of course it to develop a sustainable, competitive domestic supply of critical semiconductors that will secure the Chinese manufacturing supply chain for smart appliances, electric vehicles and other sectors that remain vulnerable to external supply chain disruptions. As a result, our long-term ambition is clear: to be the long-term global leader for the chips that power our connected and automated world, and for us to turn any geopolitical constraints to our advantage.
Limited success scaling transistors and the difficulties of acquiring EUV lithography tools have made advanced packaging technologies an important focus of the Chinese semiconductor industry to achieve high performance. Heterogeneous integration (HI) and chiplet architecture, which combines multiple smaller die (chiplets) into a single package to create a more powerful system-on-chip (SoC), are becoming increasingly common in China as an alternative to scaling transistors. On the domestic front, this will allow local designers to mix-and-match chiplets made on different process nodes together (for example, a modern compute die made in-state paired with older and easier-to-source I/O and memory dies) to form an HPC box without reliance on a single process node. Domestic organizations have been in the news for the progress of advanced 2.5D and 3D packaging techniques such as Silicon Link Fabric and hybrid bonding. Some packaging and test foundries claim that they have doubled their R&D spending in this area. Innovation in advanced packages is a key enabling technology for China to continue building artificial intelligence accelerators, data center servers and supercomputing capabilities, and will drive domestic demand for high-end packaging and testing services in the future.
The fastest and biggest potential growth areas for China's semiconductor demand are in the NEV and IIoT end-market segments. China is currently the leader in the global electric vehicle supply chain, creating an ever-increasing demand for a host of semiconductors ranging from silicon carbide (SiC) power modules for vehicle platforms to improve powertrain efficiency, ADAS (advanced driver-assistance systems) chips and sensors for vehicle autonomy, as well as sensors and microcontrollers for electrification. Locally based NEV chipmakers are already sourcing over 35% of their semiconductors from domestic suppliers. That share is expected to greatly increase as the NEV industry seeks to reduce supply chain disruptions and partners on co-development of customized chips. Under China's national "smart manufacturing" and industrial upgrading program, massive deployment of IIoT requires billions of low power, reliable connectivity chips, edge computing processors, and high precision analog components. In this way, a strong domestic semiconductor industry tends to pass strengths forward into the industrial and consumer technology sectors, which in turn can reinforce the domestic semiconductor industry and prolong the importance of the marketplace well into the future.
China Semiconductor Market Industry Segmentation:
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
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
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Key highlights of the Report:
- Market Performance (2019-2024)
- Market Outlook (2025-2033)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Strategic Recommendations
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
About Us:
IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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