The report "Semiconductor Intellectual Property (IP) Market by Design IP
(Processor IP, Interface IP, Memory IP), IP Source (Royalty & Licensing),
Vertical (Consumer Electronics, Telecom, Industrial, Automotive, Commercial),
and Region - Global Forecast to 2024",
is expected to grow from USD 4.9 billion in 2018 to USD 6.5 billion by 2024, at
a CAGR of 4.78%. Major factors driving the semiconductor IP market include
advancement in multicore technology for consumer electronics sector and
increasing demand for modern SoC designs.
The Processor IP segment is expected to
grow at the highest CAGR in the global semiconductor IP market during the
forecast period
The
semiconductor IP market has been segmented on the basis of design into 3
categories: Processor IP, Interface IP, and Memory IP. Among all IP designs,
processor IP holds the largest size of the semiconductor IP market; processor
IPs include microprocessor unit (MPU), microcontroller unit (MCU), and digital
signal processor (DSP). Moreover, the market for memory IP is expected to grow
at the highest CAGR owing to its benefits such as high switching speed, power
efficiency, and their suitability with various consumer electronics and
devices.
Automotive vertical is expected to hold
the largest share in the global semiconductor IP market during the forecast period
Among
all verticals, the semiconductor IP market for automotive is expected to grow
at the highest CAGR during the forecast period. Around 100 processors are used
in a high-end automobile, which makes it a growing segment in the semiconductor
IP market for the automotive vertical. The automobile industry is likely to
witness the advanced versions of processors in the near future, with the
advancements of enhanced signal processing algorithms project in safety, driver
interfaces, emission control, and in-cabin entertainment and information. The
key application areas of digital signal processor (DSP) include voltage
regulation, digital radio, and control functions such as injection and ignition
control, active suspension, and Hammerfall Digital Signal Processor (HDSP) for
powertrain technologies. Owing to these applications, the automotive vertical
is expected to become a lucrative market for semiconductor IP cores during the
forecast period.
Asia Pacific is expected to hold the
largest share of the semiconductor IP market during the forecast period
The
market in APAC is expected to witness the highest CAGR during the forecast
period. Several factors that made Asia a particularly attractive location
include political stability, open financial system with no limits on
repatriation of profits, and excellent telecommunications and transport
facilities in this region. Taiwan, South Korea, and Singapore share the same
benefits. Favorable policies by the Chinese Government and increased funding
for promoting applications of semiconductors are expected to further drive the
semiconductor IP market in China. Demand for consumer electronics in the
Americas and Europe is less than that in APAC due to the growing population in
the region.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=651
Key
players in the semiconductor IP ecosystem include ARM Holdings (UK), Synopsys
(US), Cadence (US), Imagination Technologies (UK), Lattice Semiconductor (US),
CEVA (US), Rambus (US), Mentor Graphics (US), eMemory (Taiwan), and Sonics (US)
About MarketsandMarkets™
MarketsandMarkets™
provides quantified B2B research on 30,000 high growth niche
opportunities/threats which will impact 70% to 80% of worldwide companies’
revenues. Currently servicing 7500 customers worldwide including 80% of global
Fortune 1000 companies as clients. Almost 75,000 top officers across eight
industries worldwide approach MarketsandMarkets™ for their painpoints around
revenues decisions.
Our
850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high
growth markets following the "Growth Engagement Model – GEM". The GEM
aims at proactive collaboration with the clients to identify new opportunities,
identify most important customers, write "Attack, avoid and defend"
strategies, identify sources of incremental revenues for both the company and
its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants
(Positioning top players across leaders, emerging companies, innovators,
strategic players) annually in high growth emerging segments. MarketsandMarkets™
is determined to benefit more than 10,000 companies this year for their revenue
planning and help them take their innovations/disruptions early to the market
by providing them research ahead of the curve.
MarketsandMarkets’s
flagship competitive intelligence and market research platform,
"Knowledgestore" connects over 200,000 markets and entire value
chains for deeper understanding of the unmet insights along with market sizing
and forecasts of niche markets.
Contact:
Mr. Shelly Singh
MarketsandMarkets™
INC.
630 Dundee Road
Suite 430
Northbrook, IL
60062
USA:
1-888-600-6441
