At CAGR of 10.0%, Semiconductor IP Market is expected to grow from US$ 4,951.9 Million in 2021 to US$ 9,670.4 Million by 2028

According to our latest market study on "Global Semiconductor IP Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Type, Source, and Industry Vertical," the semiconductor IP is projected to reach US$ 9,670.4 million by 2028 from US$ 4,951.9 million in 2021; it is expected to grow at a CAGR of 10.0% during 2021-2028.

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Semiconductor IPs (SIPs) are used for building large and complex ICs that are incorporated into modern electronic devices. A SIP is a reusable unit of logic, cell, or chip layout design and is also the intellectual property of one party. The upcoming electronic and semiconductor technologies are paving way for the automation of various operations in the manufacturing sector. Current trends that are buzzing in the manufacturing sector, such as robotics, machine learning, and artificial intelligence, have enabled machines to match or even outpace humans in various activities, including the cognitive activities involved at various levels of manufacturing. The evolution of Industry 4.0 is also supporting the semiconductor IP market progress. With the ongoing pace of IoT emergence and deployment globally, the semiconductor industry is expected to play a crucial role and thus benefit from such innovations across the technology value chain.

In a highly competitive global marketplace, the time-to-market of any product plays a critical role in the reputation of manufacturing companies. Lesser is the time to market, higher is the possibility of the company taking a competitive advantage in the market. Significant advancements in technology and the growing focus on designing more features on a single chip are the key factors driving the Semiconductor IP market growth.

In the semiconductor IP market, traditionally there were a few major companies that designed and sold the silicon IP. With the rapid evolution of the semiconductors industry in the past two decades, new business models have evolved for ensuring sustainability as well as progress, sufficing the ever-increasing demands from customers.

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Complexities in Designs of Consumer Electronic Devices with Continuous Innovations Drive Semiconductor IP Market

The consumer electronics industry is evolving exponentially, and the pressure exerted from the demand side is compelling suppliers to provide differentiated products and be the first movers in the market. Tough competition between peers in the consumer electronics industry has resulted in price wars leading to decreasing profitability for the manufacturers. As a result of these factors, manufacturers strive continuously for innovating their offerings. The flourishing trend of miniaturization in the consumer electronics industry has created the need for the contraction of package components down to the design-rule level of early technologies.

Integrated circuit (IC) packages must deliver higher lead counts, reduced lead pitch, minimum footprint area, and significant volume reduction. As a result, this has led semiconductor manufacturers to develop small outline package (SOP) in various industry applications. Power SOP packages, when combined with a heat spreading thermal mass, make the resulting dimensions an ideal choice for office automation, industrial controls, networking, and consumer applications that generate internal heat and are exposed to stressful temperature conditions. In such a complex scenario, the presence of semiconductor IP eases out pressures on the IC industry and ensures the ready availability of complex electronic designs.

The List of Companies - Semiconductor IP Market

Arm Holdings PLC; Imagination Technologies Limited; Faraday Technology Corporation; Xilinx, Inc.; and CEVA, Inc are among the leading suppliers for processor-based semiconductor IPs.

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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, Healthcare, Manufacturing and Construction, Media and Technology, Chemicals, and Materials.

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