Semiconductor IP Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (Processor SIP, Interface SIP, Physical SIP, Analog SIP, and Others), Source (Licensing and Royalty), and Industry Vertical (Telecom, Automotive, Industrial, Electronics, Medical, and Others)
The semiconductor IP market is expected to grow from US$ 4,951.9 million in 2021 to US$ 9,670.4 million by 2028; it is estimated to grow at a CAGR of 10.0% from 2021 to 2028.
Modular nature that enables integration flexibility resulting in high demand for advanced IC’s from the manufacturing sector, design complexities of consumer electronic devices coupled with continuous advancements in technology, and growing needs for facilitating lesser time-to-market for designing high-functionality chips are the prominent factors driving the semiconductor IP market growth. The escalating demand for IoT-based solutions across industries and emerging integration of consumer electronics in the automotive industry hold potential opportunities for the semiconductor IP market players to grow in the coming years.
Based on type, the semiconductor IP market is segmented into processor SIP, interface SIP, physical SIP, analog SIP, and others. The processor SIP segment accounted for the largest market share in 2020. This IP forms the core of all electronic devices and finds applications in manufacturing laptops, tablets, smartphones, wearable devices, networking devices, embedded intelligence, and many more consumer electronic devices. The growing demand for connectivity for enabling communication between the devices or machine-to-machine communication the preference for interface components in designing the circuit has also gained huge importance. The interface SIP incorporates various standard protocols for establishing connectivity between various devices.
The semiconductor IP market in North America is expected to hold the largest market share in 2020. The rapid pace of technological developments and supportive government regulations contribute to the position of North America in the semiconductor IP market. High individual spending capacities in the US and Canada have led to the exponential sales of consumer electronics devices, such as smartphones, tablets, laptops, personal computers, and wearable devices. Asia Pacific is estimated to register the highest CAGR in the semiconductor IP market owing to the rising adoption of advanced technologies such as IoT, Blockchain, and networking systems. A surge in consumer spending for electronic gadgets, increasing investments in smart cities, and growing demand for 5G networks for efficient communications are the potential factors propelling the use of semiconductor IPs in Asia Pacific.
A few of the major key players operating in the global semiconductor IP market Arm Holdings Plc; Faraday Technology Corporation; Ceva, Inc.; eMemory Technology Inc; Imagination Technologies Group Plc; Lattice Semiconductor Corporation; Rambus Inc.; Intel Corporation; Xilinx, Inc.; Cadence Design Systems, Inc.; Synopsys; and Verisilicon Holdings Co. Ltd.
The size of the overall semiconductor IP market has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain more analytical insights. The participants of this process include industry experts such as VPs, business development managers, market intelligence managers, national sales managers and external —such as valuation experts, research analysts, and key opinion leaders—specializing in the semiconductor industry.
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Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global semiconductor IP market
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The key findings and recommendations highlight crucial progressive industry trends in the global semiconductor IP market, thereby allowing players across the value chain to develop effective long-term strategies
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
The List of Companies - Semiconductor IP Market
1. Arm Holdings Plc
2. Faraday Technology Corporation
3. Ceva, Inc.
4. eMemory Technology Inc
5. Imagination Technologies Group Plc
6. Lattice Semiconductor Corporation
7. Rambus Inc.
8. Intel Corporation
9. Xilinx, Inc.
10. Cadence Design Systems, Inc.
11. Synopsys
12. Verisilicon Holdings Co. Ltd.
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