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Semiconductor IP Market Expected to reach $5,701 million, Globally by 2024

The Global Semiconductor IP Market was valued at $3,434 million in 2017, and is projected to reach $5,701 million by 2024, growing at a CAGR of 7.30% from 2018 to 2024. Semiconductor intellectual property (IP), also known as IP cores are the reusable design components. Semiconductor IP is used to build advanced integrated circuits (ICu2019s). These design components are traded as rights to use and copy the design, and hence called as the intellectual property. These IP cores are combined to create system on chip (SoCs), application specific integrated circuits (ASICs), and application specific sta

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Semiconductor IP Market Expected to reach $5,701 million, Globally by 2024

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  1. Semiconductor IP Market Expected to reach $5,701 million, Globally, by 2024 • The global semiconductor IP market was valued at $3,434 million in 2017, and is projected to reach $5,701 million by 2024, growing at a CAGR of 7.30% from 2018 to 2024. • At present, Asia-Pacific dominates the market, followed by North America. In 2017, China dominated the Asia-Pacific market and Germany led the overall market in Europe. However, in North America, the U.S. currently dominates the market.

  2. Key Findings  • Based on design IP, the processor IP is anticipated to dominate the global semiconductor IP market, in terms of revenue. • The royalty IP source dominated the global semiconductor IP market in 2017. • Asia-Pacific region held the majority of market share in 2017. • Based on the type, of the applications consumer electronics segment is dominating the global semiconductor IP market in year 2017. However, the others application segment is expected to grow at the highest CAGR over the forecast period (2018-2024). • LAMEA is anticipated to exhibit the highest CAGR during the forecast period.

  3. Top Impacting Factors • Increase in Demand of the Modern System on Chip (SoC) Design • Reduction in Manufacturing and Design Cost • Fluctuations in the Development or Functionality of the Chips • Rise in Demand for the Consumer Electronics • New Technological Developments

  4. Key Market Players Profiled • ARM • Synopsys • Imagination Technologies • Cadence • Ceva • Verisillicon • eMemory Technology • Rambus • Lattice (Silicon Image) • Sonics

  5. THANK YOU

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