Semiconductor IP Market Technological breakthroughs, Value chain and stakeholder analysis by 2024

The demand for advanced semiconductor IP from the consumer sector has resulted in the semiconductor IP industry to flourish across the globe. It is expected that this industry will benefit from increasing funds from governments and investors.

Moreover, growing popularity of miniaturization, emerging IoT ecosystem, and the bouncing back of automotive sector will ensure a healthy growth of the global semiconductor IP market.

The global semiconductor IP market is segmented on the basis of type, end user, application, and geography. The report presents a detailed study of the global semiconductor IP market, majorly including its growth drivers, restraining factors or challenges, current market trends, future opportunities.

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The study aims to meet the research needs of investors and companies wishing to gain profit in the industry, and directing them towards making strategic decisions.

Written by seasoned analysts, this research report delves into the semiconductor market and gives information such as bargaining power of suppliers and buyers, threat of new entrants, degree of competition, and threat of substitutes.

Automobiles Top of Formare currently undergoing a digital makeover as manufacturers are looking for automation as a trend in the coming years. This trend is expected to boost the global semiconductor IP market.

Automobile manufacturers such as Mercedes, Toyota, and Audi are investing extensive amount of time and money for the research and development of automobile automation and such initiatives are creating huge opportunities for the growth of the semiconductor IP market, as semiconductors play a vital role in automobile automation, including features such as IC-integrated LED front lighting, speech recognition, and image and video compatibilities. All these features give optimal driving experience and thus, are in demand by customers across the globe.

Another key factor, which is creating a positive market outlook for the semiconductor IP industry is, the large consumption of consumer electronics such as mobiles, Smartphone, TV, home appliances, tablets, and digital cameras.

Of these, the sales of mobiles and Smartphone are higher and thus, responsible to boost the market’s growth. However, the design complexity is expected to be one of the key restraints of this market as manufacturers face difficulty in integrating semiconductor IP on system on chip or SOC.

In terms of future opportunities, Asia Pacific is expected to contribute to the industry, with countries such as China and India implementing new technologies as part of their urbanization plan.

By geography, the market is segmented into Asia Pacific, Europe, North America, and the Rest of the World. Of these, the market will experience stagnancy in North America as the semiconductor technology has been put to use since a long time.

The demand for semiconductor IP will be stable in Europe with rising demand for upgradation in their transport network from consumers. Implementation of smart transportation in countries such as Germany and the U.K. is also behind the growth of the market.

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Asia Pacific is anticipated to witness the fastest growth in the coming years owing to robust industrialization and industrialization in developing nations such as India.

Owing to cheap labor these developing nations are a base for many manufacturing companies. Favorable government policies and stable economies are expected to encourage the market’s growth.

Some of the leading manufacturers of semiconductor IP mentioned in this report are: Mentor Graphics, Renesas Electronic Corporation, Lattice Semiconductor, Imagination Technologies, ARM Holdings, PLC, Cava, Inc., Vivante Corporation, Sonics, Inc., and Atmel Corporation.

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This release was published on openPR.