Press Release / Technology / Semiconductor IP Market: Competitive Dynamics & Global Outlook 2023

Semiconductor IP Market: Competitive Dynamics & Global Outlook 2023

Market Insight
The global semiconductor IP market is anticipated to garner at a CAGR of 14%, reveals Market Research Future (MRFR). The market is ready to strike a valuation of USD 2-3 billion by 2023 after touching USD 856.88 million in 2017.
Overview
The global semiconductor IP market, as going by the trend, is anticipated to gain an impressive growth in the foreseeable future. IP in semiconductor refers to Intellectual Property cores are pre-designed building blocks of semiconductor components and devices. Its ability to be reused at the manufacturing of chips, processors or any other semiconductor components can be considered the leading driver for the global semiconductor IP market.
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Key Players
Some of the key players in the global semiconductor IP market are Micron Technology Inc., Samsung, SK Hynix Inc., Synopsys, Inc., Rambus Inc., Cadence Design Systems, Inc., Arm Limited, Dolphin Integration, eSilicon Corporation, and Mentor, Lattice Semiconductor, Sonics, Inc., Achronix Semiconductor, Xilinx, and Semiconductor Manufacturing International Corp. (SMIC) and many more.
Market Drivers & Trends
The market for IP semiconductor market is gaining considerable ground with the backing factors such as high growth of semiconductor industry, rise in demand for high-bandwidth memory by cloud vendors & data centers, and mounting demand for advanced system-on-chip (SoC).
The market is also anticipated to offer fruitful opportunities with the increasing adoption of IoT in the years to come. The benefits of semiconductor IP is the choicest preference for the manufactures in rapid market growth. In the elaborated study, it also reveals that driver such as development in sensing technology is shaping the market size in the consumer electronics industry and also making the technology efficient and viable. The market’s beneficiaries also include low-cost tools which eventually reduces the capital requirement to a moderate level is also gaining traction and contributing exponentially to market growth.
On the flip side, factors such as stringent government regulations, frequent increase in demand for up-gradation of semiconductor components to serve the dynamic consumer market can expect to hamper the market growth during the assessment period.
Market Segmentation
The global semiconductor IP market is segmented into type and application.
In terms of type: The market segment includes processor IP, interface IP, and memory IP. Processor IP has been classified as microprocessors, microcontrollers, and digital signal processors and memory IP is classified into DRAM, NAND, and SRAM IPs.
In terms of application: The market segment includes consumer electronics devices, mobile computing devices, networking, automotive, and industrial automation, and many more.
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Regional Outlook
Region-specific analysis of global semiconductor IP market leads in the key regions of North America, Europe, Asia-Pacific, and Rest of the world.
Asia-Pacific accounts for the maximum share of the market since 2017 as prime countries like China, Japan, and South Korea are the host of the market by showing significant growth in the coming years. The reason behind proliferation is the presence of highly efficient semiconductor products manufacture. Further, the mounting market of IoT is also equally fueling the market growth of semiconductor IP in the region.
North America spots to be at the second-highest position of semiconductor intellectual property (IP) market. Due to advancement in technology, the mounting need of advanced processors and microcontrollers for automotive applications along with the presence of highly experienced technical expertise are the prime factors for the high growth of semiconductor IP in this region. Apart from this, the US is the leading market due to the high demand for advanced SoC from smartphone and electronic device manufacturers in the region. Even Canada and Mexico are also contributing appreciably to the growth of this market.
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