According to the latest report by IMARC Group, titled “Semiconductor Intellectual Property (IP) Market: Global Industry Trends, Share, Size, Opportunity and Forecast 2022-2027,“ The global semiconductor intellectual property (IP) market size reached US$ 5.1 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 7.2 Billion by 2027, exhibiting a growth rate (CAGR) of 5.87% during 2022-2027.
A semiconductor intellectual property (SIP) represents a reusable unit of logic, cell, or chip layout design. It is usually developed to be rented out to various vendors as a foundational component for several sophisticated devices and chip designs. SIP is pre-verified and generally has a license fee attached to its usage. These cells are commonly used for peripherals, interconnects, processors, and memory drives. SIPs are typically offered as either soft IP blocks that are separate and can be synthesized according to any fabrication procedure or hard IP blocks that are utilized only for specific executions. As a result, these chips find widespread applications across various sectors, such as consumer electronics, telecom, healthcare, automotive, etc.
Market Trends:
The expanding electronics industry across the globe is among the primary factors driving the semiconductor intellectual property (IP) market. Besides this, the extensive utilization of multicore technology for consumer electronics is further augmenting the market growth. Moreover, laptops, smartphones, and tablets run on dual-core or quad-core processors that require highly efficient SIPs to provide error-free performance, which is also catalyzing the global market. Apart from this, the growing popularity of modern system-on-chip (SOC) designs is acting as another significant growth-inducing factor. Additionally, several technological advancements, including the integration of connected devices with the internet of things (IoT) and the utilization of graphene transistors, self-organizing molecular machines, and carbon nanotubes to overcome the physical limitations of traditionally used semiconductor technologies and provide an improved service to the user are also stimulating the market growth. Furthermore, the elevating requirement for these chips for superior driver interfaces and in-cabin entertainment systems in automobiles is anticipated to propel the semiconductor intellectual property (IP) market over the forecasted period.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Achronix Semiconductor Corporation
- ARM Ltd. (SoftBank Group Corp.)
- Cadence Design Systems Inc
- CEVA Inc
- eMemory Technology Incorporated
- Fujitsu Limited (Furukawa Group)
- Imagination Technologies Limited (Canyon Bridge Capital Partners, Inc.)
- Lattice Semiconductor Corp
- Mentor Graphics Corporation (Siemens Aktiengesellschaft)
- Open-Silicon Inc. (SiFive)
- Rambus Inc
- Synopsys Inc
The report has segmented the market on the basis on region, IP type, revenue source, IP core, application, end use industry.
Breakup by IP Type:
- Processor IP
- Interface IP
- Memory IP
- Others
Breakup by Revenue Source:
- Royalty
- Licensing
- Services
Breakup by IP Core:
- Soft Cores
- Hard Cores
Breakup by Application:
- IDM Firms
- Foundries
- Fabless Firms
- Others
Breakup by End Use Industry:
- Consumer Electronics
- Telecom
- Automotive
- Healthcare
- Others
Breakup by Region:
- North America:( United States, Canada)
- Asia-Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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