Licensing Segment has the Largest Share of Type in the North America Semiconductor IP Market during 2021–2028
According to our latest study on “North America Semiconductor IP Market Forecast to 2028 – COVID-19 Impact and Analysis – by Type ,Source and Industry Vertical” the market is projected to reach US$ 4,135.97 million by 2028 from US$ 2,226.34 million in 2021; it is expected to grow at a CAGR of 9.3% from 2021 to 2028. The report highlights trends prevailing in the market, and the drivers and restraints pertaining to the market growth. The growth of this market is estimated to grow owing to key driving factors such as modular nature enabling integration flexibility coupled thereby generating high demands from the manufacturing sector regionally, design complexities of consumer electronic devices coupled with consistent innovations in the sector and growing needs for facilitating lesser time-to-market for designing high functionality chips. However, lack of uniformity in business practices coupled with a complex business model is hamper the market growth.
The market for North America Semiconductor IP Market is segmented into type, source and industry vertical. Based on source, the North America Semiconductor IP Market is segmented into Licensing and Royalty. In 2020, licensing segment accounted for the highest share of the market in the forecasted period. Moreover the licensing segment registered the highest CAGR during the forecast period An IP vendor charges a premium fee upfront for selling its IP core, functional block, logic, or cell to any customer company and is called as licensing fees. The license fees may vary depending upon the factors such as cost of engineering the IP, complexity of the IP, target applications for the IP, the brand value of the IP vendor, and the expected volumes of IP to be shipped.
ARM Holdings Plc., Faraday Technology Corporation, CEVA, Inc., Imagination Technologies Group PLC, Lattice Semiconductor Corporation, Rambus Inc. Intel Corporation ,Xilinx, Inc. , VeriSilicon Holdings Co. Ltd., Cadence Design Systems, Inc.,Synopsys, Inc. Are among the leading companies in the North America Semiconductor IP Market.
The market for North America Semiconductor IP Market is segmented into derivative type and end use industry. Based on type, the North America Semiconductor IP Market is segmented into processor sip, interface sip, physical sip, analog sip, and others. Based on source the North America Semiconductor IP Market is segmented into licensing and royalty. Based on industry vertical the North America Semiconductor IP Market is segmented into telecom, automotive, industrial, electronics, medical, and others. Geographically, the North America Semiconductor IP Market is segmented into North America (US, Canada, Mexico).
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