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Research and Markets: China IC Market Report 2015-2019 with Freescale Semiconductor, Intel Products/Semiconductor, Samsung Electronics, SK Hynix & TSMC DominatingResearch and Markets (http://www.researchandmarkets.com/research/r7pk8g/ic_market_in) has announced the addition of the "IC Market in China 2015-2019" report to their offering. The analysts forecast the IC Market in China to grow at a CAGR of 11.4% over the period 2014-2019. ICs are used in almost all the electronic equipment today and have revolutionized the electronic world. PCs, mobile handsets, and other digital appliances are now commonplace. This has been made possible because of the low production cost of ICs. Increased penetration of smartphones and tablets in China is expected to drive the deployment of ICs and increase their demand in the coming years. The market for these smart devices is growing significantly in China, which will enhance the growth during the forecast period of 2015-2019. According to the report, one of the major divers of this market is the increased adoption of ICs in consumer electronic devices. The integration of ICs in electronic devices provides more functionality and enhances device features. The small size of ICs and their ability to integrate various circuits and functions on a single chip enable manufacturers to deploy ICs in devices at an effective production rate. Further, the report states that one major challenge in the market is the lack of skilled workforce. Upgrading existing technologies or developing complex new technologies requires skilled workforce to design and develop IC chips. Lack of availability of such skilled labor in the market is a great concern for manufacturers. This increases the cost of hiring and training for vendors, affecting their profitability. It can also lead to a loss of customer base. Key Vendors
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