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News Release from: Venture Development Corp
Edited by the Electronicstalk Editorial
Team on 15 May 2006
Power IC market reflects global
electronics trends
The Asia-Pacific region accounted for 68.6% of a US $9.0 billion worldwide power supply and power management IC market in 2005.
The Asia-Pacific region accounted for 68.6% of a US $9.0 billion worldwide power supply and power management IC market in 2005, according to the fifth edition of Venture Development Corporation's global market analysis for power supply and power management ICs The Asia-Pacific market is not only the largest regional segment, but is also forecast to increase the fastest at a 14.2% compound annual growth rate (CAGR) thorough 2010, when it will account for 70% of a substantially larger worldwide market of US $16.7 billion
This article was originally published on Electronicstalk on 17 Dec 2004 at 8.00am (UK)
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The Americas and EMEA markets are forecast to continue to increase, both at over 10% CAGRs through 2010.
However, both will lose worldwide market shares due to the higher growth rate of the Asia-Pacific region.
Regional observations also revealed in the research include the following.
The Asia-Pacific region is the electronics manufacturing centre of the world for most of the products and equipment which use these ICs, and it continues to build on this strong position.
The emergence of China and India as viable locations for OEMs to relocate their production operations is contributing to the region's already large share of worldwide electronics manufacturing conducted in Japan, South Korea, Taiwan, and other countries.
Growth can also be attributed to the many upsides of moving electronics production to countries such as China.
China is fuelling much of the growth in this region as the large markets in Japan, South Korea and Taiwan are much more mature and somewhat stagnant.
The most obvious benefit of manufacturing in China is the favourable labour market, which makes major labour cost savings possible.
The potential of a large domestic market in China fuelled by the country's large population also makes it an attractive location for OEMs.
As China emerges as an electronics production leader, the skills and education of the workforce are increasing, which make moving production there even more attractive.
This provides increases in productivity and quality, attainable at low labour costs.
Electronics production is also increasing in India.
However, it is expected that India will continue to be more of a centre for low-cost design work and will trail China in growth of electronics manufacturing.
There are many designs undertaken in India for which the manufacturing is done China, and this will increase.
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