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Semiconductor Intellectual Property (IP) Market worth $11.2 billion by 2029 - Exclusive Report by MarketsandMarkets

CHICAGO, Feb. 13, 2024 /PRNewswire/ -- The semiconductor intellectual property (IP) market was valued at USD 7.5 billion in 2024 and is projected to reach USD 11.2 billion by 2029; it is expected to grow at a CAGR of 8.5% from 2024 to 2029 according to a new report by MarketsandMarkets. Advancements in multicore technology for consumer electronics, increasing demand for modern System-on-chip (SoC) designs, and decline in cost associated with chip designing are some of the key drivers driving the growth of semiconductor intellectual property (IP) market.

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Browse in-depth TOC on "Semiconductor Intellectual Property (IP) Market"

188 - Tables
63 - Figures
259 - Pages

Semiconductor Intellectual Property (IP) Market Report Scope:

Report Coverage

Details

Market Revenue in 2024

$ 7.5 billion

Estimated Value by 2029

$ 11.2 billion

Growth Rate

Poised to grow at a CAGR of 8.5%

Market Size Available for

2020-2029

Forecast Period

2024-2029

Forecast Units

Value (USD Million/Billion)

Report Coverage

Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

Segments Covered

By Design IP, IP Source, IP Core, Interface Type, End User, Vertical and Region

Geographies Covered

North America, Europe, Asia Pacific, and Rest of World

Key Market Challenge

Increasing IP thefts and counterfeiting

Key Market Opportunities

Rising demand for advanced semiconductor components in automotive and telecommunications & data center verticals

Key Market Drivers

Increasing demand for electronics in healthcare and telecommunications industries

Soft IP core segment is expected to hold a larger share of the semiconductor intellectual property (IP) market during the forecast period.

The soft IP core segment is expected to hold a larger share of the semiconductor intellectual property (IP) market during the forecast period and grow at a higher CAGR. Soft IP cores are offered in register-transfer level (RTL) code or netlist format, allowing chip designers to modify and integrate them seamlessly into their designs. This customization potential caters to diverse needs and applications, appealing to a broad range of players. Compared to hard IP cores implemented directly into silicon, soft IP cores require less upfront investment and can be easier to integrate into existing design flows. This lower barrier to entry attracts smaller and start-up companies to the market, fueling its growth.

Processor IP segment is expected to hold a major share of the semiconductor intellectual property (IP) market during the forecast period.

The processor IP segment holds the largest market share and is expected to hold a major share of the semiconductor intellectual property (IP) market during the forecast period. Processors are the central brains of any electronic device, from smartphones and computers to IoT devices and industrial equipment. As electronics become more sophisticated and interconnected, the demand for high-performance and efficient processors grows exponentially.

Increasing adoption of specialized processors for AI and machine learning applications will drive demand for processor IPs tailored to these specific needs. Continued focus on low-power, high-efficiency designs will be crucial for battery-powered devices and edge-computing applications, influencing the development of processor IP in these areas. Open-source processor IP is gaining traction, offering more flexible and accessible solutions for smaller chip design companies and academic institutions.

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North America holds the second-largest market share throughout the forecast period.

North America is likely to account for the second-largest market share of the overall semiconductor intellectual property (IP) industry from 2024 to 2029. The growth in this market can be attributed to the increasing adoption of IoT-enabled connected devices. Also, the growing government support to develop the semiconductor market in American countries, such as the US and Canada, is expected to drive the growth of the semiconductor intellectual property (IP) market during the forecast period. For instance, in August 2022, the US government introduced the CHIPS and Science Act that authorizes USD 280 billion in new funding to boost domestic research and manufacturing of semiconductors in the US, for which it appropriates USD 52.7 billion. Also, the government of Canada is promoting the use of electric vehicles; the government is investing USD 96 million to support the coast-to-coast electric vehicle charging network. Electric vehicles extensively use electric components, such as LEDs, power devices, MEMS, and photodiodes. The need to produce efficient components is expected to boost the requirement for semiconductor IP cores in the future.

Key Players

Some of the leading companies operating in the semiconductor intellectual property (IP) companies are Arm Limited (UK), Synopsys, Inc. (US), Cadence Design Systems, Inc. (US), Imagination Technologies (UK), CEVA, Inc. (US), Lattice Semiconductor (US), Rambus (US), eMemory Technology Inc. (Taiwan), Silicon Storage Technology, Inc. (US), VeriSilicon (China), Achronix Semiconductor Corporation (US), ALPHAWAVE SEMI (UK), Analog Bits (US), ARTERIS, INC (US), Frontgrade Gaisler (Sweden), Dolphin Design (France, among others.

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Browse Adjacent Market: Semiconductor and Electronics Market Research Reports &Consulting

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About MarketsandMarkets

MarketsandMarkets has been recognized as one of America's best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets.com or follow us on Twitter, LinkedIn and Facebook.

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