Global Semiconductor (Silicon) Intellectual Property (SIP) Market Report 2022-2026: Anticipated Long Term Gains for End-Use Industries & Technological Advances Create Hotbed for Growth
DUBLIN, Aug. 2, 2022 /PRNewswire/ -- The "Semiconductor (Silicon) Intellectual Property (SIP) - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Global Semiconductor (Silicon) Intellectual Property (SIP) Market to Reach $7.5 Billion by 2026
The global market for Semiconductor (Silicon) Intellectual Property (SIP) estimated at US$6 Billion in the year 2022, is projected to reach a revised size of US$7.5 Billion by 2026, growing at a CAGR of 6.2% over the analysis period.
Growth in the global market is being driven on account of continuous expansion of end-use industries and technological advancements. Growth in the electronics industry is fueled by increasing penetration of the multicore technology in consumer electronics.
The quad- or dual-core processors used in smart phones, tablets and laptops rely on semiconductor IPs for reliable performance. Increasing adoption of advanced system-on-chip designs, popularity of IoT-powered connected devices coupled with increasing use of carbon nanotubes, graphene transistors and self-organizing molecular devices is expected to create a favorable environment for semiconductor IP market.
The Semiconductor (Silicon) Intellectual Property (SIP) market in the U.S. is estimated at US$1 Billion in the year 2022. The country currently accounts for a 17.9% share in the global market. China, the world's second largest economy, is forecast to reach an estimated market size of US$1.4 Billion in the year 2026 trailing a CAGR of 7.7% through the analysis period.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.5% and 4.7% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.9% CAGR while Rest of European market (as defined in the study) will reach US$1.3 Billion by the end of the analysis period.
Asia-Pacific remains the hotspot for growth led by well-established electronics industry in key regional markets such as Taiwan, Korea, Japan and China. Anticipated huge long term demand for consumer electronics such as personal computers, smartphones, laptops in developing markets such as India and China, thanks to rapid industrialization, increasing urbanization, employment opportunities and rising spending power among huge middle class segment will spur demand in the region.
In the global Memory IP segment, USA, Canada, Japan, China and Europe willdrive the 6.5% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$467.7 Million will reach a projected size of US$741.6 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$294.2 Million by the year 2026.
What`s New for 2022?
Key Topics Covered:
2. FOCUS ON SELECT PLAYERS (Total 71 Featured)
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
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