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What is the COVID-19 impact on semiconductor IP suppliers?

05-26-2021 11:54 AM CET | Science & Education

Press release from: Coherent market insights

Semiconductor Intellectual Property (IP) Market

Semiconductor Intellectual Property (IP) Market

A semiconductor Intellectual Property (IP) is a logic unit or logic chip that can be reused and is an intellectual property of a circuit. This IP is used in integrated circuit designs or field-programmable gate array (FPGA) logic designs as building blocks. Semiconductor intellectual property (IP) enables faster chip design by using existing blocks. It is also responsible for improving the quality of any device, in turn enhancing the efficiency of the device. Miniaturization in electronic device size is expected to positively impact growth of the semiconductor intellectual property market. As the demand for miniature smartphone devices is increasing, the complexity in circuit design is also increasing. Hence, adoption of modern system on chip (SOC) design technology, which employs semiconductor IP cores, is also increasing. This in turn, is expected to enhance growth of the global semiconductor IP market. Growing adoption of mobile devices, smartphones, tablets, and other connected devices due to availability of high speed broadband connectivity and rampant advancements in technology, are in turn, expected to boost growth of the semiconductors IP market. Furthermore, rising investment in research and development activities in the field of semiconductors and increasing traction of data converter IPs in wireless & IoT products is expected to drive the global semiconductors IP market.

The global Semiconductor Intellectual Property (IP) market is expected to witness significant growth during the forecast period (2020–2027) due to the advancement in multicore technology in the consumer electronics sector. Consumer electronics are becoming smarter and more intelligent due to increasing research and development activities. This is due to advanced components and chips made with the help of complex IPs designed for every application.

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This is due to advanced components and chips made with the help of complex IPs designed for every application. The consumer electronics sector offers tremendous growth opportunities for the semiconductor industry and the semiconductor IP market players. The semiconductor industry is highly dependent on consumer electronics such as smartphones, tablets, and memory products. Many digital consumer products such as digital cameras, televisions, washing machines, refrigerators, and LED bulbs also use semiconductors. Integrated Circuits (ICs) and Systems-on-Chip (SoCs) are extensively used in these consumer electronics, and an increase in demand for these products is reinforcing the semiconductor IP market because semiconductor IPs are used to build ICs and SoCs. In addition to consumer electronics, semiconductor IPs play a central role in the operation of bank ATMs, the internet, communications, and other parts of social infrastructure such as the medical network used for the care of elderly, among others.

For instance, In May 2020, Arm Holdings launched IP equipped with 5G connectivity. The products include Arm Cortex-A78 CPU, Arm Mali-G78 GPU, Arm Ethos-N78 NPU, and others. These IP products are specially designed for mobile connectivity devices such as smartphones.

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Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

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