Electronic components industry is the basic supporting industry of electronic information industry. WINSOK semiconductor has observed that since 1990s, the development of communications equipment, consumer electronics, computers, Internet applications, automotive electronics, set-top boxes and other industries has been developing rapidly. Meanwhile, with the international manufacturing industry moving to China, the electronic components industry in mainland China has been developing rapidly.

Industrial chain

Semiconductor industry is the most important part of electronic components industry. According to different product classification, semiconductor industry mainly includes discrete devices, integrated circuits, other devices, etc. Among them: discrete devices can be further divided into diodes, triodes, thyristors, transistors, integrated circuits can be further divided into analog circuits, microprocessors, logic integrated circuits, memory, etc.

Electronic components industry

Component

Semiconductor is the core of many industrial equipment, which is widely used in computer, communication, consumer electronics, automobile, industry / medical, military / government and other core fields. According to semi data disclosure, semiconductors are mainly composed of four components: integrated circuits (about 81%), optoelectronic devices (about 10%), discrete devices (about 6%), and sensors (about 3%). Therefore, semiconductors and integrated circuits are usually equivalent. According to the types of products, integrated circuits can be divided into four categories: microprocessors (about 18%), memories (23%), logic devices (27%), and analog devices (13%). According to the classification of industry chain, semiconductor industry chain can be divided into upstream supporting industry chain, midstream core industry chain and downstream demand industry chain. The semiconductor support industry chain provides materials, equipment, clean Engineering, etc. the core industry chain completes the design, manufacturing and packaging test of semiconductor products. The demand industry chain includes computer, communication, consumer electronics, automobile, industry / medical, military / government and other fields.

Main components of semiconductor industry

Market growth

The scale of global semiconductor industry exceeded US $100 billion in 1994, US $200 billion in 2000, nearly US $300 billion in 2010 and US $336.3 billion in 2015. The global semiconductor industry has formed a huge industrial scale. Among them, the compound growth rate reached 17% from 1976 to 2000, and slowed down after 2000. The compound growth rate was 9% from 2001 to 2008. In recent years, the semiconductor industry has gradually entered a period of stable and mature development, with a compound growth rate of 2.37% from 2010 to 2017.

Global semiconductor market growth and GDP growth in 1990-2016

Industrial scale

At present, the global semiconductor industry has formed a huge industrial scale, and the industry is gradually mature. Finding new economic growth points of global semiconductor has become an important issue in the industry. We believe that the rapid development of China's semiconductor industry is expected to become a new driving force to promote the cross cycle growth of the semiconductor industry.

Market size of global semiconductor industry in 2010-2017 (US $100 million)

China's semiconductor market maintains a high momentum. It is estimated that the domestic semiconductor market will reach 1686 billion yuan in 2017, with a compound growth rate of 10.32% in 2010-2017, which is far higher than the average growth rate of 2.37% in the global semiconductor industry, becoming an important driving engine of the global semiconductor market. From 2001 to 2016, the scale of domestic IC market increased from 126 billion yuan to about 120 billion yuan, accounting for nearly 60% of the global market share. The industrial sales volume increased by more than 23 times, from 18.8 billion yuan to 433.6 billion yuan. From 2001 to 2016, the composite growth rate of China's integrated circuit industry and market was 38.4% and 15.1% respectively. From 2001 to 2016, China's IC packaging, manufacturing and design went hand in hand, with an average annual compound growth rate of 36.9%, 28.2% and 16.4%, respectively. Among them, the proportion of design industry and manufacturing industry continues to increase, which promotes the optimization of integrated circuit industrial structure.

Market size of domestic semiconductor industry in 2010-2017 (100 million yuan)

Proportion of domestic semiconductor market in the world in 2003-2016（%）

2001-2016 China's integrated circuit market and industrial scale (100 million yuan)

Development prospects

According to the latest shipment report released by semi, North American semiconductor equipment manufacturers shipped $2.27 billion in May 2017. Compared with April's $2.14 billion, the month on month increase was 6.4%, and the same period last year was $1.6 billion, with a year-on-year increase of 41.9%. Judging from the data, the amount of shipment in may not only continued to rise for four consecutive months, but also set a record high since March 2001. Semiconductor equipment is the leader of semiconductor production line construction and industry prosperity. Generally speaking, the growth of equipment manufacturers' shipment often indicates that the industry and prosperity will rise. We believe that driven by the acceleration of China's semiconductor production line and market demand, the global semiconductor industry is expected to enter a new boom period.

Shipment amount of semiconductor equipment manufacturers in North America from May 2016 to may 2017 (US $100 million)

Revenue and net profit of major global semiconductor equipment manufacturers in 2015-2016 (US $100 million)