Semiconductor IP Market Size 2020, Growth with Trends and Business Opportunity | Market Poised to Expand with a CAGR of 14% by Forecast to 2027
The market for Semiconductor IP market is estimated to grow at a significant rate during the forecast period 2018 to 2023. According to MRFR analysis, global semiconductor intellectual property (IP) market was valued at USD 856.88 million in 2017 and is estimated to reach market value of USD 2-3 billion by 2023 growing with 14% CAGR during forecast period 2018-2023.
The Semiconductor IP market is showing significant growth over the next few years due to the rapid growth of the semiconductor industry. Advances in sensing technology are also shaping the growth of the consumer electronics industry. The design of the semiconductor IP core requires a low investment as it requires low-cost tools that reduce capital requirements to a moderate level. However, the technical complexity of semiconductor memory IP is high because the design of semiconductor memory IP is complex and requires high technical expertise.
The increasing adoption of smartphones, laptops, and personal computers owing to an increase in per capita disposable income and the adoption of IoT technologies to increase connectivity is fueling market growth in the region Key market players such as SK Hynix Inc. and Samsung Electronics Co., Ltd are investing heavily in research and development to maintain their position in the market. The region is a major hub for semiconductor and electronic manufacturing industries which further helps drive market growth.
Micron Technology Inc., Samsung, SK Hynix Inc., Synopsys, Inc., Rambus Inc., Cadence Design Systems, Inc., Arm Limited, Dolphin Integration, eSilicon Corporation, and Mentor, Lattice Semiconductor, Sonics, Inc., Achronix Semiconductor, Xilinx, and Semiconductor Manufacturing International Corp. (SMIC) among others are some of the key players in semiconductor intellectual property (IP) market.
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· By type, the market is segmented into processor IP, interface IP, and memory IP. Processor IP is further classified into microprocessors, microcontrollers, and digital signal processors.
· By application, the market is classified into consumer electronic devices, mobile computing devices, networking, automotive, and industrial automation, among others.
· By region, the market is segmented into North America, Europe, Asia-Pacific, and Rest of the world.
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Currently, Asia-Pacific is leading the semiconductor intellectual property (IP) market. Asia-Pacific is the manufacturing hub of semiconductor component and devices. China, South Korea, India and Japan are the leading market for semiconductor manufacturing.
North America is the second dominating region in Semiconductor Intellectual Property (IP) market. North America is an established region in terms of advanced infrastructure and is widely known as an early adopter of new technologies. Europe is also projected to show significant growth in the coming future. Europe has an immense growth potential in the semiconductor IP market owing to the increasing investments for semiconductor production in countries such as the UK, Germany, and France.
· Semiconductor components manufacturers
· IP customers
· Research Institutes
· Consultants/advisory firms
· Value-Added Resellers (VARs)
· Strategic business partners
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