SCOTTSDALE, AZ РChina's IC market is expected to reach $100.1 billion in 2013 and represent 35% of the worldwide IC market, up from 14% in 2003, according to IC Insights.
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In 2001, the Asia-Pacific IC market (including China, Taiwan, Singapore, Korea, etc.) first surpassed the Americas to become the leading IC-consuming market. 
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In 2008, the Asia-Pacific IC market was $111.2 billion, and, for the first time, was larger than the Americas, European, and Japanese IC markets combined, says the research firm.
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With more of the world's electronics systems forecast to be produced in Asia-Pacific (non-Japan), and China in particular, IC Insights believes Asia-Pacific IC market growth will continue to significantly outpace total IC market growth for at least the next five years.
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In 2009, China and Taiwan together are expected to represent about 75% of the IC market in the Asia-Pacific region. 
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In 2013, IC Insights forecasts the China and Taiwan IC market together will reach about $139 billion and represent almost 80% of the total Asia-Pacific IC market and almost half (48%) of the worldwide IC market.
 

In 2008, China's IC market increased 5% to $56.2 billion, compared to a 6% decline for the total worldwide IC market. Although China's IC market is forecast to decline 8% in 2009, this performance would still be much better than the 17% drop expected for the total IC market. Moreover, the Chinese IC market is forecast to have a 2008-2013 CAGR of 12%, double the 6% forecast for the worldwide IC market during this same time period.