Physical Intellectual Property (IP)

Physical Intellectual Property (IP)

Global Physical Intellectual Property (IP) Market to Reach US$8.2 Billion by 2030

The global market for Physical Intellectual Property (IP) estimated at US$6.0 Billion in the year 2023, is expected to reach US$8.2 Billion by 2030, growing at a CAGR of 4.5% over the analysis period 2023-2030. Mobile Computing Devices Application, one of the segments analyzed in the report, is expected to record a 5.3% CAGR and reach US$4.2 Billion by the end of the analysis period. Growth in the Consumer Electronic Devices Application segment is estimated at 4.4% CAGR over the analysis period.

The U.S. Market is Estimated at US$1.6 Billion While China is Forecast to Grow at 7.6% CAGR

The Physical Intellectual Property (IP) market in the U.S. is estimated at US$1.6 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.7 Billion by the year 2030 trailing a CAGR of 7.6% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 1.6% and 4.7% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 2.7% CAGR.

Global Physical Intellectual Property (IP) Market - Key Trends & Drivers Summarized

What Is Physical Intellectual Property (IP) and Its Significance in the Tech Industry?
Physical Intellectual Property (IP), often referred to simply as Physical IP, is a critical component in the design and development of integrated circuits and microprocessors. It includes pre-designed and verified circuit components such as logic gates, memory blocks, and interconnects that designers can integrate into their semiconductor chips. Physical IP is crucial for speeding up the development process, reducing design risks, and ensuring optimal performance and efficiency. This ready-to-use IP is licensed by IP vendors to semiconductor companies, enabling them to focus more on customization and innovation without the need to reinvent basic structures, thus saving time and resources in the increasingly competitive tech industry.

How Does Physical IP Enhance Chip Manufacturing?
Physical IP plays a pivotal role in the semiconductor manufacturing process by offering proven building blocks for chip development. These pre-designed components are essential for meeting the stringent performance, power, and area specifications of modern electronic devices. By incorporating physical IP into their designs, chip manufacturers can significantly reduce the time-to-market for new technologies while adhering to high standards of quality and reliability. This is particularly valuable in applications requiring complex chip functionalities, such as in smartphones, automotive electronics, and IoT devices, where efficiency and reliability are paramount.

What Are the Innovations Driving the Physical IP Industry?
Innovation in the physical IP industry is largely driven by the escalating demands for more power-efficient and high-performance chips. As devices become smaller and more powerful, the need for highly optimized IP blocks that can perform effectively at lower power and smaller geometries is increasing. Advances in material science, such as the development of FinFET and SOI (Silicon on Insulator) technologies, have led to the creation of more compact and efficient IP blocks. Furthermore, the rise of AI and machine learning applications necessitates continuous improvements in IP to handle complex computations efficiently at the edge of networks, pushing IP developers to innovate relentlessly.

What Drives the Growth of the Physical IP Market?
The growth in the physical IP market is driven by several factors. The increasing complexity of semiconductor chip designs and the continuous push for smaller, faster, and more energy-efficient electronic devices necessitate the use of high-quality, reliable physical IP. The expanding applications of electronics in everyday and critical applications, such as automotive, healthcare, and telecommunications, also propel the demand for advanced physical IP solutions that can accelerate innovation while reducing development costs. Moreover, the rapid advancements in technology sectors such as 5G, artificial intelligence, and the Internet of Things (IoT) create new challenges and opportunities in chip design, further fueling the need for sophisticated physical IP. The market`s expansion is also supported by the trend towards outsourcing IP development to specialized firms, allowing semiconductor companies to leverage external expertise to enhance their competitive edge. As the industry continues to evolve with technological breakthroughs and shifting market dynamics, the demand for physical IP is expected to grow robustly, underscoring its critical role in the global semiconductor value chain.

Select Competitors (Total 25 Featured) -

• Achronix Semiconductor Corporation
• Alphawave IP Group PLC
• Analog Bits, Inc.
• Arm Ltd.
• Arteris, Inc.
• Cadence Design Systems, Inc.
• Cobham Gaisler AB
• Dolphin Design SAS
• Dream Chip Technologies GmbH
• Faraday Technology Corporation
• Imagination Technologies Ltd.
• Lattice Semiconductor Corporation
• M31 Technology Corporation
• Shenzhen Goodix Technology Co., Ltd.
• Synopsys, Inc. ;

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