Semiconductor IP Market to Witness Huge Growth (CAGR of 10.0%) by 2028

According to the new research report published by The Insight Partners, titled "Global Semiconductor IP Market Forecast to 2028 - COVID-19 Impact and Global 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)," 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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Companies Mentioned are: Arm Holdings Plc; Faraday Technology Corporation; Ceva, Inc.; eMemory Technology Inc.; Imagination Technologies Group Plc; Lattice Semiconductor Corporation; Rambus Inc.; Intel Corporation; Xilinx, Inc.; Cadence Design Systems, Inc.; Synopsys; and Verisilicon Holdings Co. Ltd.

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.

The global semiconductor IP market is segmented based on type, source, and industry vertical. Based on type, the market is segmented into Processor SIP, Interface SIP, Physical SIP, Analog SIP, and Others. Based on source, market is segmented into licensing and royalty. Based on industry vertical, market is segmented into Telecom, Automotive, Industrial, Electronics, Medical, and Others.

Telecom market is highly competitive in nature in term of development in technology. Thus, players are timely introducing new features to differentiate their products from competitors as well as from old models. This has resulted in creating a challenging situation for semiconductor IP market. Moreover, with increasing spending capability of people, rising urban population, and decreasing prices of Telecom; the industry is witnessing a rapid growth across the world. The demand for smart devices smartphones, tablets, smart TVs, gaming devices, AR/VR devices, and laptops is further fuelling the growth of Semiconductor IP market.

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Market Insights
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 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.

Global Semiconductor Ip - Market Segmentation
Semiconductor IP Market - By Type
Processor SIP,
Interface SIP,
Physical SIP,
Analog SIP,
Others

Semiconductor IP Market - By Source
Licensing and
Royalty

Semiconductor IP Market - By Industry Vertical
Telecom,
Automotive,
Industrial,
Electronics,
Medical,
Others

Global Semiconductor IP Market by Region
North America
Europe
Asia Pacific
Middle East and Africa
South America

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Sameer Joshi
E-mail: sales@theinsightpartners.com
Phone: +1-646-491-9876

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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