Semiconductor IP Market Scope and Analysis by 2028
Semiconductor IP Market Report Scope
Report Attribute | Details |
---|---|
Market size in 2021 | US$ 4.95 Billion |
Market Size by 2028 | US$ 9.67 Billion |
Global CAGR (2021 - 2028) | 10.0% |
Historical Data | 2019-2020 |
Forecast period | 2022-2028 |
Segments Covered |
By Type
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
Industry Vertical Insights
Based on industry vertical, the semiconductor IP market is segmented into automotive, electronics, telecom, industrial, medical, and others. The electronics segment is anticipated to grow with the elevating adoption of electronic devices in various industries and increasing trend of using smartphones, tablets, PC’s, and wearable devices. Electronic components are an integral part of almost all industrial devices. The highly complex designs of ICs are incorporated for enabling smoother operations, further enhancing productivity and efficiency. The semiconductor-based devices find their major applications in the consumer electronics, automotive, and telecom industries. In the telecom sector, various IPs support the introduction of innovative technologies to provide exceptional levels of coverage, performance, and reliability.
A few players operating in the semiconductor IP market are Arm Holdings Plc; Faraday Technology Corporation; Ceva, Inc.; eMemory Technology Inc.; Imagination Technologies Group Plc; Lattice Semiconductor Corporation; Rambus Inc.; Intel Corporation; Xilinx, Inc.; Cadence Design Systems, Inc.; Synopsys; and Verisilicon Holdings Co. Ltd. The key companies adopt strategies such as the research and developments, and mergers and acquisitions to expand customer base and gain significant share in the global semiconductor IP market, which also allows them to maintain their brand name globally.
On the basis of by type, the semiconductor IP market is segmented into processor SIP, interface SIP, physical SIP, analog SIP, and others. Based on source, the semiconductor IP market is segmented into licensing and royalty. Based on industry vertical, the semiconductor IP market is segmented into telecom, automotive, industrial, electronics, medical, and others.