Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 6.96 Billion | USD 13.49 Billion | 7.64% | 2023 |
Zion Market Research has published a report on the global Semiconductor IP Market, estimating its value at USD 6.96 Billion in 2023, with projections indicating that it will reach USD 13.49 Billion by 2032. The market is expected to expand at a compound annual growth rate (CAGR) of 7.64% over the forecast period 2024-2032. The report explores the factors fueling market growth, the hitches that could hamper this expansion, and the opportunities that may arise in the Semiconductor IP industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.
Semiconductor IP is the basic component of the electronic design and automation (EDA) process. It facilitates the design of new chips by IT developers and design engineers. Semiconductor IP blocks are used as a replacement for miniaturisation of the electronic product; they help to minimise the entire cost of production. However the growing sophistication of the semiconductor chip contributed to the advent of the IP semiconductor. IP rights remain with the company whose design chip; however the licenced can be given to another company.
The key growth driver for the global IP semiconductor market is the rise in the production of mobile devices. At present, the usage of mobile devices such as tablets and smartphones has increased; this is projected to fuel global business growth. The emerging demand for advanced and creative products would drive the original equipment manufacturers to incorporate modern technology and provide advanced features to the product. These features include increased storage space, bigger screens, faster processing speed, and higher resolution; this indicates progress in the future. The implementation of advanced functions increases the complexity of the mobile chip system (SOC). As a result, SOC designers use semiconductor IP cores from third-party providers to minimise the risk associated with this can enhance the growth of the global semiconductor IP industry.
Report Attributes | Report Details |
---|---|
Report Name | Semiconductor IP Market |
Market Size in 2023 | USD 6.96 Billion |
Market Forecast in 2032 | USD 13.49 Billion |
Growth Rate | CAGR of 7.64% |
Number of Pages | 110 |
Key Companies Covered | Rambus, Cadence Design Systems, Lattice Semiconductor, Synopsys, VeriSilicon, Imagination Technologies, eMemory, ARM, Ceva, and Sonics among others |
Segments Covered | By Form, By Processor Type, By Application, By Design And By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The global semiconductor IP market is categorized based on form factor as Integrated circuit IP and SoC IP. The integrated circuit IP is further sub-segmented as digital IC IP, general purpose IC IP, interfaces IP, programmable IC IP, data converter IC IP, analog and mixed signal IC IP, application specific IC IP, and memory IC IP. The SoC IP is also further sub-segmented as SoC analog and mixed-signal IP, SoC processor IP, SoC interface IP, SoC programmable IP, SoC data converter IP, SoC ASIC IP, SoC memory IP, SoC digital IP. Based on processor type, the global semiconductor IP market is bifurcated as digital signal processor IP, microprocessor IP, DSP programmable IP, graphics processor IP, application processor IP, DSP application-specific IP, and DSP Core IP. Moreover, the application segment is divided as mobile & tablets, networking technologies, security, computer & peripherals, automotive, telecom infrastructure, and home entertainment. Furthermore, the global semiconductor IP market on the basis of design architecture is fragmented as soft IP and hard IP.
North America is the leading region in the global semiconductor IP market; this development is projected to continue in the coming years as the largest revenue contributor to semiconductor IP. In addition, the technology revolution in Silicon Valley and the rise of new small and large-scale vendors in the U.S. are both improving the global IP semiconductor industry. However, favourable government policies and a robust economy in Asia-Pacific are projected to fuel demand in the global market.
Some main participants of the semiconductor IP market are:
By Form
By Processor Type
By Application
By Design Architecture
FrequentlyAsked Questions
The major growth factor of the global semiconductor IP market is increasing production of mobile devices. Also, use of the electronic devices such as tablets and smartphones has increased; this is anticipated to foster the global market growth.
According to Zion Market Research, global demand for semiconductor IP market is expected to generate revenue of around USD 7400 Million by end of 2026, growing at a CAGR of around 5.5 % between 2020 and 2026.
North America is the dominating region in the global semiconductor IP market; it is expected to continue this trend in next few years as it is the major revenue contributor for semiconductor IP. Moreover, the technological boom in Silicon Valley and the emergence of new small and large-scale vendors in the U.S. also boost the global semiconductor IP market.
Some main participants of the semiconductor IP market are Rambus, Cadence Design Systems, Lattice Semiconductor, Synopsys, VeriSilicon, Imagination Technologies, eMemory, ARM, Ceva, and Sonics among others.
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