Semiconductor Intellectual Property (IP) Market to Expand at a CAGR of ~6% Assessment for the Opportunities During 2022-2031
Global Semiconductor Intellectual Property (IP) Market Key Insights
During the forecast period of 2022-2031, the global semiconductor intellectual property (IP) market is expected to reach an estimated value of ~USD 12 billion by 2031, by expanding at a CAGR of ~6%. Major key factors propelling the growth of the semiconductor intellectual property (IP) market worldwide are the growing use of semiconductor intellectual property (IP) in consumer electronics, including television, cellphones, wearable technology, and other items, and growing demand from consumers for better and more sophisticated smartphones.
Market Definition of Semiconductor Intellectual Property (IP)
An Intellectual Property (IP) core in semiconductors is a reusable logic or functionality unit, a cell, or a layout design that is typically created with the intention of licensing to numerous manufacturers for usage as building blocks in various chip designs. More and more system functionality is being integrated into single chips in the modern IC age (System on Chip/SOC designs).
Global Semiconductor Intellectual Property (IP) Market: Growth Drivers
The introduction of numerous cutting-edge semiconductor intellectual property (IP) products by the top market players are largely responsible for the expansion of the global semiconductor intellectual property (IP) market. For instance, in May 2021: Cadence Design Systems, Inc. declared new low-power intellectual property (IP) for PCI Express 5.0 Specification with long-range and extremely low power consumption to be immediately available.
Owing to the major firms’ increased use of strategic marketing alliances, new product breakthroughs, and acquisitions to boost their market positions and gain an advantage over rivals, the market is anticipated to grow even more. For instance, in order to better concentrate on its core semiconductor IP business, Arm Limited announced in July 2020 that it would transfer its two IoT Services Group (ISG) businesses, IoT Platform and Treasure Data, to new organizations that will be owned and run by SoftBank Group Corp. and its affiliates.
The global semiconductor intellectual property (IP) market is also estimated to grow majorly on account of the following:
A growing market for advanced semiconductor components in the automotive, and telecommunications sectors
Rising adoption of semiconductor components in the data center sector
Increasing demand for miniature smartphone devices
Growing investment in R&D activities in the field of semiconductors
Global Semiconductor Intellectual Property (IP) Market: Restraining Factor
The primary challenges impeding market growth include ongoing technological advancements, IP thefts, an increase in counterfeit components, and system-level designs of IP cores.
Global Semiconductor Intellectual Property (IP) Market Segmentation
By Design IP (Processor IP, Memory IP, Interface IP, and Other IPs)
By the end of 2031, the processor IP category should have the majority of the market. Speed, capacity, and mobile data applications are all rapidly expanding thanks to 5G technology. There are around 810 million active 5G customers worldwide in 2022. Infrastructure, baseband, and application processor technology complexity has increased as a result of such developments. High demand for processor intellectual property is fostering the segment’s expansion as a result of these problems.
By IP Source (Royalty, and Licensing)
By IP Core (Hard IP, and Soft IP)
By End User (Consumer Electronics, Automotive, Industrial, Telecom, and Others)
By Region
On account of the rising demand for semiconductors from nations like China, Japan, Taiwan, and South Korea, the market in the Asia Pacific region is predicted to expand significantly. In addition, it is anticipated that rising consumer electronics demand, particularly for smartphones, would significantly increase the need for semiconductor intellectual property (IP) in the future years. China is the world’s biggest producer of electronics. By 2026, China’s consumer electronics industry is anticipated to produce close to 2,000 million units.
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The market research report on global semiconductor intellectual property (IP) also includes the market size, market revenue, Y-o-Y growth, and key player analysis applicable for the market in North America (U.S., and Canada), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), and Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa).
Key Market Players Featured in the Global Semiconductor Intellectual Property (IP) Market
Some of the key players in the global semiconductor intellectual property (IP) market are Cadence Design Systems, Inc., Arm Limited, Synopsys, Inc., Imagination Technologies, CEVA, Inc., Lattice Semiconductor, Rambus.com., eMemory Technology Inc., VeriSilicon, and others.
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