Market Overview
The semiconductor IP market is growing porously, mainly due to the spurring rise in the semiconductor industry. Besides, the continually augmenting demand for mobile computing devices, such as smartphones, tablets, and laptops, high-bandwidth memory by cloud vendors & data centers, and advanced system-on-chip (SoC). The increasing adoption of IoT offers significant opportunities for the market.
Moreover, stringent government regulations, constantly increasing demand for semiconductor components upgrades from the dynamic consumer markets are other major growth drivers for the semiconductor intellectual property (IP) market. With the changing performance requirements, semiconductor IP continues to evolve. Moreover, rising uses of connected & wearable devices escalate market growth.
According to Market Research Future (MRFR), the global semiconductor IP market is estimated to grow exponentially by 2027, registering an impressive CAGR throughout the review period (2020-2027). Spurting growth in the semiconductor industry is a major driving force behind the significant semiconductor IP market growth.
Developments in sensing technology also shape the semiconductor memory IP market growth, driving the consumer electronics industry. Designing semiconductor memory IPs is complex and requires high technical expertise. Therefore, high technological complexities in the development of semiconductor memory IP are major factors impeding the market growth.
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Semiconductor IP Market- Segments
The report is segmented into type, application, and region. The type segment is sub-segmented into processor IP, interface IP, and memory IP. The sub-segment processor IP is further bifurcated into microprocessors, microcontrollers, and digital signal processors. Similarly, sub-segment memory IP is further bifurcated into DRAM, NAND, and SRAM IPs.
The application segment is sub-segmented into consumer electronic devices, mobile computing devices, networking, automotive, industrial automation, and others. The region segment is sub-segmented into Americas, Europe, Asia Pacific, and the Rest-of-the-World.
Global Semiconductor IP Market - Regional Analysis
The Asia Pacific region dominates the global semiconductor IP market. The largest market share attributes to the growth of the semiconductor industry in the region. Moreover, the presence of a number of major companies and favorable government policies drive the semiconductor memory IP industry.
China, Japan, and South Korea are major markets for semiconductor IPs showing significant growth. These countries are expected to witness huge growth in the coming years. Furthermore, the proliferation of IoT in the region fuels the semiconductor memory IP market growth.
North America stands second in the semiconductor IP market. The growth is driven by technological advances and the increasing need for advanced processors and microcontrollers for automotive applications.
Moreover, the presence of highly experienced technical expertise, alongside the high demand for advanced SoC from smartphone and electronic device industries in the region, boosts the semiconductor IP market size. US is leading the market, followed by Canada and Mexico, significantly contributing to the region's semiconductor memory IP market share.
Global Semiconductor IP Market - Competitive Analysis
Highly competitive, the semiconductor IP market appears fragmented due to the presence of many key players. Strategic partnerships, mergers & acquisitions, collaboration, expansion, and product/ technology remain semiconductor IP market trends to gain a larger competitive share.
Major Players:
Players leading the global semiconductor IP market include Samsung, SK Hynix Inc., Micron Technology Inc., Synopsys, Inc., Cadence Design Systems, Inc., Rambus Inc., Arm Limited, eSilicon Corporation, Dolphin Integration, Mentor, Lattice Semiconductor, Sonics, Inc., Xilinx, Achronix Semiconductor, and Semiconductor Manufacturing International Corp. (SMIC), among others.
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About Market Research Future:
Market Research Future (MRFR) is a global market research firm that takes great pleasure in its services, providing a detailed and reliable study of diverse industries and consumers worldwide. MRFR's methodology integrates proprietary information with different data sources to provide the client with a comprehensive understanding of the current key trends, upcoming events, and the steps to be taken based on those aspects.
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