Semiconductor IP Market – Analysis and Forecast (2021-2027)

1. Global Semiconductor IP Market

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3. Global Semiconductor IP Market The global semiconductor IP market is expected to witness a CAGR of 5.4% during the forecast period. The mounting demand for connected devices and modern SOC design along with modification and continuously growing chip design cost and outlay will accelerate the growth of the semiconductor IP market. Furthermore, the surge in demand for electronics in the healthcare sector and the growing demand for teleconference instruments during the COVID-19 pandemic will propel the growth of the semiconductor IP market. Additionally, the mounting demand for consumer electronics in emerging countries like China, India, etc., has created promising opportunities in the semiconductor IP market. Nevertheless, owing to rapid technological development and increasing demand for high-speed broadband connectivity will accelerate the growth of the semiconductor IP market.

4. Global Semiconductor IP Market The COVID-19 outbreak has reduced the demand for automobile vehicles, home appliances, and consumer electronics owing to a halt in production facilities, disruption in the supply chain, lack of workforce, resulting in a fall in demand for semiconductor IP. However, there was a short-term rise in the penetration of data centers and an increased demand for consumer electronics such as laptops and desktops, having a positive effect on the semiconductor IP market. Based on design IP, the global semiconductor IP market is divided into processor IP, interface IP, memory IP, and other design IP. Processor IPs dominate the market owing to their adoption in diverse applications such as smart devices, cars, computers, etc. Moreover, processor IPs are used in consumer electronics and high-cost automotive verticals.

5. Global Semiconductor IP Market North America is anticipated to have a substantial share in the semiconductor IP market owing to the rising requirement for intelligent command and control in various industries in the region. The increasing prominence of the vendors, government support will propel the growth of the semiconductor IP market in the region. Some of the major players in the global semiconductor IP market include Arm Limited, Synopsys, Inc., Cadence Design Systems, Inc., CEVA, Inc., Imagination Technologies Limited, VeriSilicon, eMemory Technology Inc., Rambus.com, FARADAY TECHNOLOGY, and DREAM CHIP TECHNOLOGIES.

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