IPO研究 | 预计2025年全球集成电路市场规模将增至6116亿美元

Company Overview - China Academy of Sciences Shenyang Instrument Co., Ltd. (referred to as "CAS Shenyang") has received approval for its IPO on the Beijing Stock Exchange, with sponsorship from China Merchants Securities [1] - Established in 2001, CAS Shenyang is a leading provider of core components for semiconductor manufacturing equipment and vacuum scientific instruments, focusing on the R&D, production, and sales of dry vacuum pumps and related technical services [1] Industry Analysis - The global integrated circuit (IC) industry is experiencing steady growth, with China emerging as a crucial market. The IC industry is foundational to modern information technology and plays a significant role in national security and economic development [2] - According to WSTS, the global IC market size is projected to grow from $276.7 billion in 2016 to $539.5 billion in 2024, reflecting a compound annual growth rate (CAGR) of 8.70%. The market is expected to reach $611.6 billion by 2025, marking a substantial increase of 13.36% from 2024 [2] Domestic Market Growth - China's integrated circuit industry has rapidly developed in recent years, supported by various government policies and investment funds. The industry has grown from a weak position to a significant player globally, with improvements in innovation capabilities [4] - In 2023, the sales revenue of China's integrated circuit industry reached 1,227.7 billion yuan, with a CAGR of 16.03% from 2016 to 2023 [4][5]