Semiconductor IP Market Key Players by 2024 Such as ARM, Synopsys, Imagination Technologies, Cadence, Ceva, Verisillicon, eMemory Technology, Rambus, Lattice (Silicon Image), and Sonics.

At present, Asia-Pacific dominates the market, followed by North America. In 2017, China dominated the Asia-Pacific market and Germany led the overall market in Europe. However, in North America, the U.S. currently dominates the market.

The growth of the global semiconductor IP market is driven by rise in demand of the modern system on chip (SoC) design, and reduction in manufacturing and design cost. However, fluctuations in the development or functionality of the chips restrain the market growth. Further, In the near future, rising demand for the consumer electronics, and new technological developments is expected to create lucrative opportunities for the key players operating in the semiconductor IP market.

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According to a recent report published by Allied Market Research, titled, Global Semiconductor IP Market by Design IP, IP Source, and Application: Global Opportunity Analysis and Industry Forecast, 2017-2024, the global semiconductor IP market was valued at $3,434 million in 2017, and is projected to reach $5,701 million by 2024, growing at a CAGR of 7.30% from 2018 to 2024.

In 2017, the processor IP segment dominated the global semiconductor IP market in design IP segment, in terms of revenue. Furthermore, based on application, consumer electronics led the global market in 2017, followed by telecommunication. By IP source, royalty is anticipated to dominate the market throughout the forecast period. Surge in demand for semiconductor IP is expected to boost the market growth rapidly in the upcoming years, owing to rise in demand for the modern system on chip (SoC) design. The global semiconductor IP market holds high potential for the semiconductor industry. The current business scenario is witnessing an increase in the demand for IP core, particularly in the developing regions such as China, India and more, has been reported. Companies in this industry are adopting various innovative techniques to provide customers with advanced and innovative product offerings.

The major companies profiled in the report include ARM, Synopsys, Imagination Technologies, Cadence, Ceva, Verisillicon, eMemory Technology, Rambus, Lattice (Silicon Image), and Sonics.

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Top Impacting Factors

Rise in demand of the modern system on chip (SoC) design and reduction in manufacturing and design cost impact the growth of the market. In addition, fluctuations in the development or functionality of the chips affect the growth of the global semiconductor IP market. These factors are anticipated to either drive or hamper the market growth.

Increase in Demand of the Modern System on Chip (SoC) Design

Semiconductor IP blocks are combined with the system on-chip (SoCs) and application specific integrated circuit (ASICs) products. Such products are then used for the production of chips, which are then installed in MP3 players, automobiles, televisions, mobile phones, and more. In addition, there is rise in the demand for smart and power efficient devices, which propels the demand for the SoCs. This in turn is anticipated to fuel the growth of the global semiconductor IP market.

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Key Findings of the Semiconductor IP Market:

• Based on design IP, the processor IP is anticipated to dominate the global semiconductor IP market, in terms of revenue.
• The royalty IP source dominated the global semiconductor IP market in 2017.
• Asia-Pacific region held the majority of market share in 2017.
• Based on the type, of the applications consumer electronics segment is dominating the global semiconductor IP market in year 2017. However, the others application segment is expected to grow at the highest CAGR over the forecast period (2018-2024).
• LAMEA is anticipated to exhibit the highest CAGR during the forecast period.

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