Pune, India., Nov. 08, 2023 (GLOBE NEWSWIRE) -- According to a new report on “Semiconductor IP Market Size and Forecast (2021–2028), Global and Regional Share, Trends, and Growth Opportunity Analysis – by Type (Processor SIP, Interface SIP, Physical SIP, Analog SIP, and Others), Source (Licensing and Royalty), and Industry Vertical (Telecom, Automotive, Industrial, Electronics, Medical, and Others), and Geography” the market in terms of revenue was estimated to be worth $4.95 billion in 2021 and is poised to reach $9.67 billion by 2028, growing at a CAGR of 10% from 2021 to 2028.
The growth of the semiconductor IP market is driven by burgeoning adoption of modular nature enabling integration flexibility coupled thereby generating high demands from the manufacturing sector worldwide, 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, manufacturing of advanced sensors for autonomous vehicles is emerging as a future trend in the industry.
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Global Semiconductor IP Market Scope:
| Report Coverage | Details |
| Market Size Value in | USD 4.95 Billion in 2021 |
| Market Size Value by | USD 9.67 Billion by 2028 |
| Growth rate | CAGR of 10% from 2021 to 2028 |
| Forecast Period | 2021-2028 |
| Base Year | 2021 |
| Segments covered | Type, Source, Industry Vertical, and Geography. |
| Regional scope | North America, Europe, Asia Pacific, Middle East & Africa, South & Central America. |
| Country scope | Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States |
| Report coverage | Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends |
The global Semiconductor IP market is experiencing an intense growth with regards to the investments, new product developments, and deployment for future in the current scenario and is anticipated to rise in the coming years. The Semiconductor IP market consists of some well-established players across the globe, which invest huge amounts in order to deliver the most advanced product to the customers. Also, there are many stakeholders in the Semiconductor IP ecosystem that are involved in the end-to-end development of Semiconductor IP and ensuring that the best service is made available for the users. Government funding for research & development, automotive manufacturers, communication equipment manufacturers, strategic partnerships between chipset manufacturers, equipment vendors, network operators and Government bodies are anticipated to enable huge surges in the Semiconductor IP Market over the forecast period.
In the semiconductor IP market, new business models have evolved for ensuring sustainability as well as progress sufficing the ever increasing demands from the customer. The businesses in the semiconductor IP market have evolved to become one-stop solution providers that offer a wide range of IP cores and platforms that includes graphics, video, cloud software, connectivity and others. Therefore, customers who deal with multiple sources for SIP based products face challenges for the variety of business models and the different fees involved in those mode
Europe comprises several major manufacturing industries - such as aerospace, machinery & equipment, automotive, shipbuilding, and military vehicle manufacturing. The automotive industry is considered to be a crucial industry as it significantly contributes to the GDP of EU countries. The EU is the leading producer of motor vehicles, and several premium automotive manufacturers are based in the region. The vehicle manufacturing industry produces 19.2 million cars, vans, buses, and trucks, collectively, every year. Moreover, 300 vehicle assembly and manufacturing facilities are located in around 26 countries across the region. According to the “ACEA”, with the presence of companies such as BMW, Volkswagen, Audi, and Aston Martin, Europe accounts for 21% of cars manufactured across the world. Germany is the largest contributor to the automotive market in the region, accounting for 30% share. The growing inclination toward the integration of electronics into the automotive sector, coupled with the emergence of autonomous driving, advanced driver assist systems, in-vehicle infotainment, and vehicle telematics, has resulted in elevated demands for semiconductor-based ICs.
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Global Semiconductor IP Market: Segmental Overview
The global semiconductor IP market is segmented based on type, source, and industry vertical. Based on type, the semiconductor IP market is segmented into Processor SIP, Interface SIP, Physical SIP, Analog SIP, and Others. Based on source, semiconductor IP market is segmented into licensing and royalty. Based on industry vertical, semiconductor IP market is segmented into Telecom, Automotive, Industrial, Electronics, Medical, and Others. Semiconductor IPs (SIPs) are used for building large and complex ICs required in electronic devices used on a daily basis. The semiconductor IP market is a highly concentrated one, with only small chunk of leading semiconductor manufacturers, foundries, and players accounting for a large share. The use of semiconductor IPs accelerates and simplifies the process of designing of a large and complex chips; it also makes this process cost-effective. Based on type, the semiconductor IP market has been segmented into processor SIP, interface SIP, physical SIP, analog SIP, and others in our report.
Global Semiconductor IP Market: Competitive Landscape
The key players operating in the semiconductor IP market include Arm Holdings Plc; CEVA Inc; Imagination Technologies Limited, Cadence Design Systems, Inc.; and Synopsys. Various other companies operating in the market and are coming up with new technologies and offerings, which is contributing to the expansion of the semiconductor IP market, in terms of revenue and subscription.
Recent Developments:
- In 2022: CEVA, Inc. announced the expansion of its IP market reach by introducing the Fortrix SecureD2D IP solution, enabling secure data exchange between different chiplets within a Heterogenous System on Chip (HSoC).
- In 2021: Synopsys, Inc. announced a collaboration with TSMC to develop a wide portfolio of Synopsys DesignWare Interface and Foundation IP on the TSMC N4P process.
- In 2021: A lead Arm partner, TSMC, successfully taped-out a test chip, validating Armv9 physical IP on TSMC 3nm process technology.
Go through further research published by The Insight Partners:
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About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.
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