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Major trends in the Semiconductor IP market are influencing the industry's future. Emerging technology demand for specialized semiconductor IPs is rising. As artificial intelligence, machine learning, and 5G evolve, semiconductor designs must enable them. This trend is driving IPs with improved neural processing, high-speed connection, and power economy. To meet electronics industry demands, semiconductor IP providers are following these developments.
Demand for smaller, energy-efficient gadgets, especially in consumer electronics and mobile devices, drives this trend. Semiconductor IP providers are shipping SoC-compatible IPs to help designers build integrated, feature-rich products.
Security and trustworthiness are key Semiconductor IP trends. Due to IoT connectivity and the integration of sensitive capabilities in numerous applications, semiconductor security is a priority. This trend comprises semiconductor IPs with hardware-based security, encryption, and strong authentication protocols. Data protection and unauthorized access are high priorities in automotive, healthcare, and smart infrastructure applications, thus security is crucial.
The industry is moving toward configurable semiconductor IPs. Designers want more flexibility in matching semiconductor IPs to applications. Application-specific solutions can be designed without beginning from scratch using this trend. Configurable IPs fit varied businesses that need specific semiconductor designs with faster time-to-market and higher adaptability. This trend supports industry demand for nimble and adaptable solutions.
Semiconductor IP industry developments are influenced by AI and ML. As AI and ML applications grow, semiconductor IPs tailored for these workloads are in demand. Specialized IPs for neural network acceleration, inference engines, and other AI functions are growing. Semiconductor IP providers are developing AI and ML-efficient IPs to improve smart devices and autonomous systems.
The Semiconductor IP market continues to progress toward advanced process nodes. Smaller, more power-efficient devices with higher processing capabilities can be made at 7nm and 5nm semiconductor manufacturing nodes. As the industry seeks improved performance and energy efficiency, semiconductor IP vendors develop IPs that use sophisticated process methods. The Semiconductor IP industry evolves with semiconductor manufacturing as more designs move to these advanced nodes.
Semiconductor IP markets are also moving toward more extensive design ecosystems. Companies supplying semiconductor IPs are adding design platforms, tools, and support services. This trend offers designers a complete solution, from IP selection to system integration, to speed up design and reduce time-to-market. The industry's focus on holistic design ecosystems underscores semiconductor design's interconnectedness and requirement for integrated solutions.
Covered Aspects:
| Report Attribute/Metric | Details |
|---|---|
| Market Opportunities | Increasing adoption of IoT |
| Market Dynamics | Rise in demand for mobile computing devices such as smartphones, tablets, and laptops. Increasing demand for high-bandwidth memory by cloud vendors & data centers. Increasing demand for advanced system-on-chip (SoC) |
Semiconductor IP Market Highlights:
Global Semiconductor IP Market Overview
Semiconductor IP Market Size was valued at USD 05 Billion in 2022 and is projected to grow from USD 08 Billion in 2023 to USD 16 Billion by 2030, exhibiting a compound annual growth rate (CAGR) of 12.00% during the forecast period (2023 - 2030). The semiconductor IP market is propelling due to advancements in multicore technologies in industrial sectors. The adoption of semiconductor IPs in consumer electronics industries, telecommunications, data centers, and automotive sectors is the key market drivers enhancing market growth.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Semiconductor IP Market Trends
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The rapid adoption of the connected device to boost the market growth
The rapid adoption of the connected device is a crucial driver of the semiconductor IP market. The connected devices bring higher efficiency to any organization. It can establish smooth communication through wifi, Bluetooth, and NFC. Also, these devices come with smart transmitters that send and receive signals effectively. In recent years, semiconductors play a crucial role in hardware and networking segments. It is increasing the need for these SIPs in all these connected device applications. Further, the rising adoption of connected devices such as smartphones, wearables, consoles, and smart systems is fuelling the demand for SIP.
Further, this semiconductor IP has remarkable features. It is known as a higher-performance and low-power-consuming chip. Due to its reputable feature, the usage of SIP is assumed to expand in the upcoming years. Additionally, in the forecast period, the demand from key regional players is another delivery for the semiconductor IP market. Semiconductors have high demand in China, India, and Japan. These regions have innovative developments in the consumer electronics sector. The production of cameras, audio-video technology, and wearable electronics is higher. These factors will drive demand for Semiconductor Intellectual Property Market. Therefore, such factors related to Semiconductor IP have enhanced the Semiconductor IP market CAGR across the globe in recent years.
Semiconductor IP Market Segment Insights
Semiconductor IP Application Insights
The Semiconductor IP Market segmentation, based on application, includes Automotive, Consumer Electronics, Networking, and Industrial Automation. The Consumer Electronics segment held the majority share 2022 of the Semiconductor IP Market revenue. The demand for semiconductor IP in consumer electronics has been driven by the increasing demand for consumer electronics devices such as smartphones, laptops, and smart home devices. These devices require high-performance and low-power semiconductor IP solutions to meet the growing demand for features such as high-speed data transfer, high processing power, and long battery life. The consumer electronics segment is expected to continue to be the largest application segment in the semiconductor IP market, driven by the increasing demand for advanced consumer electronics devices and the growing demand for semiconductor IP solutions in emerging technologies such as the Internet of Things (IoT) and wearable devices.
Semiconductor IP Type Insights
Based on type, the Semiconductor IP Market segmentation includes microprocessors, Digital Signal Processors. The microprocessor segment dominated the market in 2022 and is projected to be the faster-growing segment during the forecast period, 2023-2030. The dominance of the microprocessor segment is due to the increasing demand for microprocessor-based solutions in a wide range of applications, including consumer electronics, automotive, and industrial automation. Microprocessors are the backbone of many electronic devices and systems, and their demand has been driven by the increasing demand for advanced features and functionality in these devices. Overall, the semiconductor IP market is expected to continue to grow in the coming years, driven by the increasing demand for advanced technologies and the growing demand for semiconductor IP solutions in a wide range of applications. These all factors for Semiconductor IP positively impact market growth.
Figure 2: Semiconductor IP Market, by Application, 2022 & 2030 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Semiconductor IP Regional Insights
By region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. Asia Pacific is the largest regional market for semiconductor IP and is responsible for the highest market share. The dominance of Asia Pacific in the semiconductor IP market can be attributed to several factors, including the presence of a large number of semiconductor manufacturing companies in the region, the increasing demand for semiconductor IP solutions in high-growth industries such as consumer electronics and automotive, and the growing demand for semiconductor IP solutions in emerging technologies such as the Internet of Things (IoT) and wearable devices. Countries such as China, Japan, South Korea, and Taiwan are among the largest markets for semiconductor IP in the Asia-Pacific region, and these countries are expected to continue to be significant growth drivers for the semiconductor IP market in the coming years.
Further, the major countries studied in the market report are The U.S., Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
Figure 3: SEMICONDUCTOR IP MARKET SHARE BY REGION 2022 (%)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe is the third-largest market for semiconductor IP and accounts for a significant share of the global market. The growing demand for semiconductor IP solutions in Europe is driven by several factors, including the presence of a large number of technology companies and research institutions, the increasing demand for advanced technologies in industries such as consumer electronics and automotive, and the growing demand for semiconductor IP solutions in emerging technologies such as the Internet of Things (IoT) and wearable devices. Further, the Germany Semiconductor IP market held the largest market share, and the UK Semiconductor IP market was the fastest-growing market in the European region.
North America is the second-largest market for semiconductor IP and accounts for a significant share of the global market. The growing demand for semiconductor IP solutions in North America is driven by several factors, including the presence of a large number of technology companies and research institutions, the increasing demand for advanced technologies in industries such as consumer electronics and automotive, and the growing demand for semiconductor IP solutions in emerging technologies such as the Internet of Things (IoT) and wearable devices. Moreover, the U.S. Semiconductor IP market held the largest market share, and the Canada Semiconductor IP market was the fastest-growing market in the North American region.
Semiconductor IP Key Market Players & Competitive Insights
Major market players are spending a lot of money on R&D to increase their product lines, which will help the Semiconductor IP market grow even more. Market participants are also taking a range of strategic initiatives to grow their worldwide footprint, with key market developments such as new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. Competitors in the Semiconductor IP industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market environment.
The major market players are investing a lot of money in R&D to expand their product lines, which will spur further market growth for Semiconductor IP. With significant market development like new product releases, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations, market participants are also undertaking various strategic activities to expand their global presence. To grow and thrive in a market climate that is becoming more competitive and growing, competitors in the Semiconductor IP industry must offer affordable products.
Manufacturing locally to cut operating costs is one of the main business tactics manufacturers use in the global Semiconductor IP industry to benefit customers and expand the market sector. Major Semiconductor IP market players, including Micron Technology Inc., Samsung, SK Hynix Inc., Synopsys, Inc., Rambus Inc., Cadence Design Systems, Inc., Arm Limited, Dolphin Integration, eSilicon Corporation, Mentor, Lattice Semiconductor, Sonics, Inc., Achronix Semiconductor, Xilinx, and Semiconductor Manufacturing International Corp, and others, are attempting to increase market demand by funding R&D initiatives.
Micron Technology, Inc. is an American multinational corporation that develops, manufactures, and markets a wide range of memory and storage solutions. Micron Technology primarily produces dynamic random access memory (DRAM) and NAND flash memory, as well as other memory and storage solutions such as solid-state drives (SSDs) and storage class memory (SCM). The company's products are used in a wide range of applications, including personal computers, data centers, smartphones, automotive systems, and other consumer and industrial devices.
Samsung is a South Korean multinational conglomerate headquartered in Seoul. Samsung is a major player in several industries, including consumer electronics, information technology, home appliances, and telecommunications. The company is best known for its smartphones, which are some of the most popular and widely used devices in the world. Samsung also produces a wide range of other consumer electronics, including televisions, home theater systems, and home appliances. In addition to its consumer electronics business, Samsung is also a major player in the semiconductor industry. The company is one of the largest producers of memory chips and storage solutions in the world, and its products are used in a wide range of devices, including personal computers, servers, and smartphones. Samsung also produces system-on-a-chip (SoC) solutions, which are used in a variety of applications, including mobile devices, home appliances, and wearable devices.
Key Companies in the Semiconductor IP market include
- Micron Technology Inc.
- Samsung
- SK Hynix Inc.
- Synopsys, Inc.
- Rambus Inc.
- Cadence Design Systems, Inc.
- Arm Limited
- Dolphin Integration
- eSilicon Corporation
- Mentor
- Lattice Semiconductor
- Sonics, Inc.
- Achronix Semiconductor
- Xilinx
- Semiconductor Manufacturing International Corp among others
Semiconductor IP Industry Developments
April 2022: Synopsys, Inc. has signed an agreement with WhiteHat Security, a global application security Software-as-a-Service (SaaS) provider. The partnership will lead WhiteHat Security and offer Synopsys SaaS capabilities and market-leading dynamic application security testing (DAST) technology.
Semiconductor IP Market Segmentation
Semiconductor IP Type Outlook
- Microprocessor
- Digital Signal Processors
Semiconductor IP Application Outlook
- Automotive
- Consumer Electronics
- Networking
- Industrial Automation
Semiconductor IP Regional Outlook
- North America
- US
- Canada
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Australia
- Rest of Asia-Pacific
- Rest of the World
- Middle East
- Africa
- Latin America
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