Semiconductor Intellectual Property (IP) Market Detailed Analysis of Current Industry Figures with Forecasts 2032

The value of the global semiconductor intellectual property (IP) market was US$ 5.9 billion in 2021, and by 2032, the market is projected to grow at a fast CAGR of 6.8% to reach an estimated US$ 12.3 billion in value.

In the near future, growing usage of semiconductor IPs in the telecommunication & data center, consumer electronics, and automotive sectors will fuel demand for this technology. Increasing demand for modern SoC designs, innovation in multicore technology, increasing adoption of connected devices for day-to-day use, and continuous improvements to optimize rising chip design expenditure are expected to drive demand for semiconductor IPs.

Moreover, rising demand for teleconferencing solutions during the pandemic and growing demand for electronics from the healthcare industry due to COVID-19 are other major factors driving market growth. Semiconductor intellectual property accounts for nearly 2% share of the global semiconductor market at present.

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Semiconductor Intellectual Property Demand Analysis (2017-2021) Vs Market Outlook (2022-2032)

Semiconductor intellectual property is a unit of cell, logic, and chip layout design that can be reused by the creator party. Intellectual property in a semiconductor is usually developed with the purpose of licensing to multiple vendors for utilization as a building block in several chip designs.

In today's generation of integrated circuit (IC) designs, more and more system functionality is getting integrated into single chips (System on Chip (SoC) designs). In these SoC designs, pre-designed IP cores/blocks are becoming increasingly important. This is because most SoC designs have a standard microprocessor and a lot of system functionality that is standardized, and therefore can be reutilized across various designs.

Semiconductor intellectual property demand is estimated to increase at 6.8% CAGR between 2022 and 2032 in comparison with the 8.5% CAGR during the historic period of 2017-2021.

The global semiconductor intellectual property market is anticipated to witness an increase in revenue from US$ 6.3 Bn in 2022 to US$ 12.3 Bn by the end of 2032.

How is Semiconductor Intellectual Property Market Growth Being Driven?

"Upsurge in Use of ASIC Chips Driving Growth of Semiconductor IP-Centric Companies"

An Application-Specific Integrated Circuit (ASIC) is an Integrated Circuit (IC) chip that is tailored to a specific application rather than being designed for general usage. An ASIC is a chip that can be used in a digital voice recorder or a high-efficiency video encoder.

The peculiarity of ASIC has transformed the manufacturing of electronics. Die sizes are lowered while the density of logic gates per chip is increased. For high-level applications, ASICs are frequently favored. Satellites, ROM manufacturing, microcontrollers, and many types of applications in the medical and scientific sectors use ASIC chips as IP cores.

Cryptocurrency mining is one of the most popular ASIC applications. Mining of cryptocurrency requires more power and high-speed hardware. A general-purpose CPU cannot provide such high computing capacity at high speeds. ASIC bitcoin miners are chips built into specially designed motherboards and power supplies, constructed into a single unit.

Thus, this trending application is fueling market growth and is anticipated to continue its supremacy in the near future.

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"Surging Semiconductor Usage in Defense Sector"

The defense industry has contributed majorly to the evolution of the compound semiconductor supply chain. Defense agencies provided the money and applications that allowed compound semiconductor technologies and other parts of the supply chain to flourish and grow. The necessity for high-performance technologies and solutions in defense applications is driving this trend.

Expenditure on equipment and semiconductor content is increasing in the defense sector, mirroring the rise of the strategy analytics segmentation of semiconductor content in electronic warfare, radar, and communications systems. Defense applications do not create the same volume as consumer devices, but devices for defense are characterized by higher prices, and this contributes to high market growth.

Impact of COVID-19 Crisis

The COVID-19 pandemic has led semiconductor companies to mobilize rapidly and make both, short-term and long-term adjustments in their business models as far as the sales and distribution capabilities of their product offerings are concerned.

Worldwide supply chains were disrupted as the virus spread around the world, bringing uncertainty over quarantine period and affecting product sales. The COVID-19 outbreak also increased the adoption of digital services across all industries. Demand for semiconductor products shifted to ASICs, sensors, and memory, while consumer behavior changed rapidly.

With lockdowns easing up across China, India, the U.S., and Germany, and vaccines being rolled out by several nations since December 2020, the manufacturing sector is estimated to accelerate gradually in the near future, and the semiconductor IP market is expected to recover by mid-2022.

Competitive Landscape

Semiconductor intellectual property market players are focusing on various strategies for increasing their investments in research & development to support future semiconductor designs and technologies. In addition, companies are acquiring and entering into partnerships with other companies to develop their own semiconductor intellectual property portfolio to serve more customers and increase their market share.

In April 2021, Nvidia announced the launch of Nvidia ampere architecture GPUs for next generation desktops, laptops, and servers, making remote work possible without sacrificing quality and time.
In January 2021, CEVA, Inc. established a commercial partnership with DARPA Toolbox for technology innovation. This helped the company strengthen its technological knowledge to improve product quality and increase the efficiency of product performance.

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Companies

Synopsys Inc.
Imagination Technologies
Rambus Inc
Arm Ltd
Cadence Design Systems
Ceva Inc
Takumi Corporation
Nvidia Corporation
Qualcomm
TES Electronic Solutions GmbH 
VeriSilicon/Vivante
Digital Media Professionals   

Semiconductor Intellectual Property Industry Outlook by Category

Semiconductor IP Market by Design IP:

Application Specific Integrated Circuit (ASIC) IP
Interface IP
Graphics IP (GPU IP)
Memory IP
Processor IP
Verification IP

Semiconductor IP Market by IP Source:

Licensing
Royalty

Semiconductor IP Market by Region:

North America Semiconductor IP Market
Latin America Semiconductor IP Market
Europe Semiconductor IP Market
East Asia Semiconductor IP Market
South Asia & Pacific Semiconductor IP Market
Middle East and Africa (MEA) Semiconductor IP Market

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This release was published on openPR.