A robot makes coffee at the 24th China Hi-Tech Fair (CHTF) in Shenzhen, south China's Guangdong Province, Nov. 15, 2022. (Xinhua/Mao Siqian)
BEIJING, March 16 (Xinhua) -- The market size of China's power semiconductor sector is expected to reach 23.8 billion U.S. dollars by 2027, according to a report released by Deloitte China on March 9.
The report shows that China is the world's largest demand country for power semiconductors, and the demand will be further unleashed by the development of new energy photovoltaic. Meanwhile, China's power semiconductor market will continue to expand in the next five years.
In addition, the market size of China's electronic design automation (EDA) is expected to reach 2.74 billion U.S. dollars by 2025, due to the shift of the semiconductor industry to China, according to the report.
The forecast report analyzes how the development of the technology, media and telecommunication (TMT) will affect enterprises and consumers around the world from five perspectives, including telecommunication, semiconductor, screen and media, technology as well as mergers and acquisitions.
(Edited by Tian Shenyoujia with Xinhua Silk Road, tianshenyoga0524@163.com)
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