"This was due mainly to deferred shipment demand and new order placements," says Chris Wei, senior industry analyst with MIC. "Bolstered by orders coming from North Asian, Chinese, and European customers, the industry's shipment value will continue to have a doubt-digit year-on-year growth throughout 2017."

"Our findings also reveal that IPCs are mostly for use in the category of industrial application, followed by industrial automation, and embedded system."