Semiconductor Intellectual Property (IP) Market Synopsis
Semiconductor Intellectual Property (IP) Global Market was valued at USD 856.88 million in 2019 and is estimated to reach market value of USD 2-3 billion by 2023 growing with14% CAGR during forecast period 2019-2023. Intellectual property (IP) cores are the pre-designed building blocks of semiconductors components and devices. These IP cores can be reused while manufacturing chips, processors, or any other semiconductor components. High growth of semiconductor industry, rise in demand of mobile computing devices such as smartphones, tablets and laptops, increasing demand for high-bandwidth memory by cloud vendors & data centers, and increasing demand for advanced system-on-chip (SoC) are some of the prime factors for the growth of semiconductor intellectual property (IP) market. However, stringent government regulations, constantly increasing demand for upgradation of semiconductor components to serve the dynamic consumer market are among some factors which are expected to hinder the market growth in coming years. Whereas, increasing adoption of IoT is expected to provide fruitful opportunities for the market in the coming years.
Semiconductor IP market is showing significant growth in coming years due to rapid growth in the semiconductor industry. Development in sensing technology is also shaping growth in the consumer electronics industry. The designing of semiconductor IP cores requires low investment since the designing process requires low-cost tools which reduces the capital requirement to a moderate level. However, the technological complexity of the semiconductor memory IP is high as the designs of semiconductor memory IPs is complex and requires high technical expertise.
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Semiconductor Intellectual Property (IP) Market Key players
The global Semiconductor IP market is characterized by the presence of many global, regional, and local vendors. The market is competitive with all the players competing to gain market share. Strong competition, rapid growth in semiconductor industry, and frequent changes in government norms & regulations are key factors that confront market growth. The vendors compete based on cost, product quality, reliability, and aftermarket services. It is crucial for the vendors to provide cost-efficient and high-quality services to survive and succeed in an intensely competitive market.
The market is expected to witness a moderate competition among the existing players. Key market players are investing extensively in the development of advanced SoC which helps them to stay competitive in the market.
Market Research Future has identified following key players in Semiconductor Intellectual Property (IP) market- Micron Technology Inc., Samsung, SK Hynix Inc., Synopsys, Inc., Rambus Inc., Cadence Design Systems, Inc., Arm Limited, Dolphin Integration, eSilicon Corporation, and Mentor, Lattice Semiconductor, Sonics, Inc., Achronix Semiconductor, Xilinx, and Semiconductor Manufacturing International Corp. (SMIC) among others.
Semiconductor Intellectual Property (IP) Market Segmentation
The global semiconductor intellectual property (IP) market is segmented into type, application and region.
By type, the market is segmented into processor IP, interface IP, and memory IP. Processor IP is further classified into microprocessors, microcontrollers, and digital signal processors. Whereas, memory IP is further classified into DRAM, NAND and SRAM IPs.
By application, the market is classified into consumer electronic devices, mobile computing devices, networking, automotive, and industrial automation, among others.
By region, the market is segmented into North America, Europe, Asia-Pacific, and Rest of the world.
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Semiconductor Intellectual Property (IP) Market Regional Analysis
Currently, Asia-Pacific is leading the semiconductor intellectual property (IP) market. Asia-Pacific is the manufacturing hub of semiconductor component and devices. China, South Korea, India and Japan are the leading market for semiconductor manufacturing. Increasing consumption rate of consumer electronics products, government support, and economic stability are the prime factors for the growth of this market in Asia-Pacific. The regional market is experiencing rapid growth due to increasing support from governments to develop and manufacture semiconductor memory chips. Key market players such as SK Hynix Inc. and Samsung Electronics Co., Ltd are investing heavily in research and development to maintain their position in the market. The region is a major hub for semiconductor and electronic manufacturing industries which further helps drive market growth. The increasing adoption of smartphones, laptops, and personal computers owing to an increase in per capita disposable income and the adoption of IoT technologies to increase connectivity is fueling market growth in the region
North America is the second dominating region in Semiconductor Intellectual Property (IP) market. North America is an established region in terms of advanced infrastructure and is widely known as an early adopter of new technologies. Government regulations in key countries such as US, and Canada, designed for the benefit and development of semiconductor technology have benefitted the market in the region. Advancements in technologies such as AI and cloud computing offer opportunities for the development of semiconductor memory technology in the region. The reliance of major innovators such as Apple on memory technologies like DRAM is also driving the growth of the regional semiconductor IP market.
Europe is also projected to show significant growth in the coming future. Europe has an immense growth potential in the semiconductor IP market owing to the increasing investments for semiconductor production in countries such as the UK, Germany, and France. The semiconductor manufacturing companies in this region are looking to reduce the design and manufacturing cost, which could act as a driving factor for the growth of the market in this region. However, continuous innovations in the semiconductor technology and limited functionalities of the chip can act as a restraining factor for the market growth.
TABLE OF CONTENTS
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.3 Research Objectives
2.4 Markets Structure
3 Research Methodology
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LIST OF TABLES
Table 1 Semiconductor Intellectual Property (IP) Market, By Region, 2018–2023
Table 2 North America: Semiconductor Intellectual Property (IP) Market, By Country, 2018–2023
Table 3 Europe: Semiconductor Intellectual Property (IP) Market, By Country, 2018–2023
LIST OF FIGURES
FIGURE 1 Global Semiconductor Intellectual Property (IP) Market Segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Porter’s Five Forces Analysis Of Global Semiconductor Intellectual Property (IP) Market
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