Semiconductor IP Market Analysis 2024: Enabling the Future of Electronics

"The Business Research Company recently released a comprehensive report on the Global Semiconductor Intellectual Property Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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According to The Business Research Company's, The semiconductor intellectual property market size has grown rapidly in recent years. It will grow from $6.58 billion in 2023 to $7.31 billion in 2024 at a compound annual growth rate (CAGR) of 11.1%. The growth in the historic period can be attributed to increased complexity of semiconductor designs, demand for faster time-to-market in semiconductor development, growth in consumer electronics and mobile devices, rise in outsourcing of semiconductor design activities, need for cost-effective design solutions.

The semiconductor intellectual property market size is expected to see rapid growth in the next few years. It will grow to $11.11 billion in 2028 at a compound annual growth rate (CAGR) of 11.0%. The growth in the forecast period can be attributed to continued growth in the automotive semiconductor, increased demand for custom semiconductor solutions, integration of semiconductor ip in edge computing devices, increasing demand for advanced system-on-chip (soc) designs, decreasing design and manufacturing costs. Major trends in the forecast period include expansion of artificial intelligence and machine learning applications, adoption of 5g technology and iot devices, collaboration and partnerships between ip providers and semiconductor companies, growing focus on ip solutions for quantum computing and neuromorphic chips, rise in the use of risc-v architecture for open-source ip.

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Market Drivers and Trends:

The growing adoption of connected devices is expected to contribute to the growth of the semiconductor IP market in the forecast period. Physical objects that can communicate with one another and other systems over the internet are referred to as connected devices. Internet of Things (IoT) is generally referred to as connected devices. These are physical objects that connect with other devices through the internet or various ways such as WiFi, NFC, Bluetooth, mobile networks. IoT devices are manufactured using electronics such as semiconductors, microprocessors, and other chips. According to Norton, a US-based antivirus and anti-malware software developing company estimates that in 2021 there are around 11.6 billion IoT devices used, and it will grow to 21 billion IoT devices by 2025. The growing adoption of connected devices or IoT devices will drive the semiconductor IP market.

Product innovations have emerged as the key trend gaining popularity in the 5G chipset market. The major players in the market are developing innovative products for market growth. For instance, in June 2021, Samsung Electronics, a South Korea-based electronics company, developed 3GPP Rel.16 compliant chipsets, a range of next-generation 5G chipsets that deliver cutting-edge 5G technologies. The new chipsets consist of a second-generation 5G modem System-on-Chip (SoC), a third-generation mmWave Radio Frequency Integrated Circuit (RFIC) chip, and a Digital Front End (DFE)-RFIC integrated chip. These are designed to increase power efficiency, boost performance, and reduce the size of 5G solutions.

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Major Key Players of the Market:

Arm Holdings plc, Synopsys Inc., Cadence Design Systems Inc., Ceva Inc., Imagination Technologies Group plc, eMemory Technology Incorporated, Rambus Inc., Mentor Graphics Corp., Faraday Technology Corp., Lattice Semiconductor Corp., Achronix Semiconductor Corp., Dolphin Integration SA, Open-Silicon Inc., Xilinx Inc., Sonics Inc., Fujitsu Ltd., MediaTek Inc., VeriSilicon Holdings Co. Ltd., Wave computing Inc., Silvaco Inc., Intel Corp., Arm Limited, eMemory Technology Inc., Kilopass Technology Inc., M31 Technology Corporation, Open Five Inc., TransPacket AS, Andes Technology Corporation, Arasan Chip Systems Inc., LTIMindtree Limited

Semiconductor Intellectual Property Market 2024 Key Insights:

• The semiconductor intellectual property market size is expected to see rapid growth in the next few years. It will grow to $11.11 billion in 2028 at a compound annual growth rate (CAGR) of 11.0%.
• Surge In Connected Devices Fuels Growth Of Semiconductor Ip Market
• New Technology Launches Drive Innovation In Semiconductor Ip Market
• Asia-Pacific was the largest region in the semiconductor intellectual property (IP) market in 2023

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