NEW
YORK, Sept. 18, 2023 /PRNewswire/ -- The
Semiconductor IP Market is projected to account for
remarkable growth, with a Compound Annual Growth Rate (CAGR) of
5.91% between 2022 and 2027. This expansion is expected to result
in a substantial increase in market size, amounting to an
impressive USD 1.98 billion. The
growing demand for mobile computing devices like laptops,
smartphones and tablets is the primary driver behind the
Semiconductor IP Market. The market is expected to have high growth
due to the entry of new companies offering competitive prices and
the development of advanced technologies, leading to feature-rich
devices that generate a lot of data. To handle this data
efficiently, memory chip manufacturers are focusing on creating
compact and scalable System-on-Chips (SoCs). This trend has
increased the demand for memory IP, especially as mobile SoC
designers prefer using third-party IP blocks to reduce risks and
speed up product delivery. Consequently, memory IP providers are
expected to see increased revenue, contributing to the overall
growth of the market. A comprehensive analysis of the market
reveals that the complex chip designs and the use of multi-core
technologies, increasing demand for modern SoC chips, and growing
demand for mobile computing devices are the primary driving forces
behind this robust growth. Download a free sample report
here
The Semiconductor IP Market report, covering the period from
2022 to 2027, encompasses an extensive examination of market
segmentation, including application (mobile computing devices,
consumer electronics, automotive, industrial automation, and
others), end-user (fabless semiconductor companies, IDMS, and
foundries), form factor (processor IP, physical IP, and digital
IP), and geography (North America,
APAC, Europe, South America, and Middle East and Africa). Additionally, the report
provides a detailed analysis of key drivers, trends, challenges,
and historical market data spanning from 2017 to 2021.
The emergence of IoT (Internet of Things) is a key trend for
Semiconductor IP Market. Download the free sample report
now
One of the challenges affecting the semiconductor IP market
is the integration and verification of IP blocks.
The Asia-Pacific (APAC)
region is expected to contribute significantly, accounting for 49%
of global semiconductor IP market growth. In 2022, North America led the global market, driven by
the presence of prominent fabless semiconductor companies and
technological advancements. Key contributors to North America's market growth are the United States and Canada.
Companies in the semiconductor IP market are deploying various
strategies, including strategic alliances, partnerships, mergers
and acquisitions, geographical expansion, and product/service
launches, to strengthen their market presence. Notable market
players include:
- Advanced Micro Devices Inc.
- Arm Ltd.
- Arteric Inc.
- Cadence Design Systems Inc.
- CEVA Inc.
- Dolphin Design SAS
- Dream Chip Technologies GmbH
- eMemory Technology Inc.
- Faraday Technology Corp.
- Imagination Technologies Ltd.
- Lattice Semiconductor Corp.
- Perceptia Devices Australia Pty Ltd.
- Rambus Inc
- Siemens AG
- VeriSilicon Microelectronics Shanghai Co. Ltd.
For complete insights on Semiconductor IP Market, buy the
full report now
FAQS
- How do the major trends impact the market?
- How big is the APAC market?
- How do the key drivers and challenges impact the market?
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SRAM and ROM Design IP Market: The SRAM and ROM
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million from 2021 to 2026, and the market's growth momentum
will accelerate at a CAGR of 1.51%.
About Technavio
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Technavio Research
Jesse Maida
Media & Marketing Executive
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Email: media@technavio.com
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