Semiconductor IP Market - 2022 to 2027 | Growing demand for mobile computing devices drives market growth
NEW YORK, Sept. 18, 2023 /PRNewswire/ -- The Semiconductor IP Market is projected to account for remarkable growth, with a Compound Annual Growth Rate (CAGR) of 5.91% between 2022 and 2027. This expansion is expected to result in a substantial increase in market size, amounting to an impressive USD 1.98 billion. The growing demand for mobile computing devices like laptops, smartphones and tablets is the primary driver behind the Semiconductor IP Market. The market is expected to have high growth due to the entry of new companies offering competitive prices and the development of advanced technologies, leading to feature-rich devices that generate a lot of data. To handle this data efficiently, memory chip manufacturers are focusing on creating compact and scalable System-on-Chips (SoCs). This trend has increased the demand for memory IP, especially as mobile SoC designers prefer using third-party IP blocks to reduce risks and speed up product delivery. Consequently, memory IP providers are expected to see increased revenue, contributing to the overall growth of the market. A comprehensive analysis of the market reveals that the complex chip designs and the use of multi-core technologies, increasing demand for modern SoC chips, and growing demand for mobile computing devices are the primary driving forces behind this robust growth. Download a free sample report here
The Semiconductor IP Market report, covering the period from 2022 to 2027, encompasses an extensive examination of market segmentation, including application (mobile computing devices, consumer electronics, automotive, industrial automation, and others), end-user (fabless semiconductor companies, IDMS, and foundries), form factor (processor IP, physical IP, and digital IP), and geography (North America, APAC, Europe, South merica, and Middle East and Africa). Additionally, the report provides a detailed analysis of key drivers, trends, challenges, and historical market data spanning from 2017 to 2021.
The emergence of IoT (Internet of Things) is a key trend for Semiconductor IP Market. Download the free sample report now
One of the challenges affecting the semiconductor IP market is the integration and verification of IP blocks.
The Asia-Pacific (APAC) region is expected to contribute significantly, accounting for 49% of global semiconductor IP market growth. In 2022, North America led the global market, driven by the presence of prominent fabless semiconductor companies and technological advancements. Key contributors to North America's market growth are the United States and Canada.
Companies in the semiconductor IP market are deploying various strategies, including strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to strengthen their market presence. Notable market players include:
Interface IP Market: The interface IP market share is expected to increase by USD 343.22 million from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 6.98%.
SRAM and ROM Design IP Market: The SRAM and ROM design IP market share is expected to increase by USD 24.08 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 1.51%.
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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