Global Semiconductor Intellectual Property (IP) Market Research Report Forecast 2030
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Global Semiconductor Intellectual Property (IP) Market : Market Segments: By Design IP (Interface IP, Memory IP and Processor IP); By IP Source (Licensing, Royalty and Servicing); By Application (Consumer Electronics, Telecom, Automotive, Aerospace, Healthcare, Agriculture, and Others); and Region – Analysis of Market Size, Share & Trends for 2014 – 2019 and Forecasts to 2030
Semiconductor intellectual property (IP), also referred to as IP cores, are the reusable design components. Semiconductor IP is used in order to build advanced integrated circuits (IC's). These design elements are sold as rights for the design to be used and replicated and are thus referred to as intellectual property. These IP cores are combined to create chip-based systems (SoCs), application-specific integrated circuits (ASICs) and application-specific standard products (ASSPs).
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Semiconductor Intellectual Property (IP) Market is expected to project a notable CAGR of 5.7% in 2030.
Semiconductor Intellectual Property (IP) Market to surpass USD 9.8 billion by 2030 from USD 4.6 billion in 2018 at a CAGR of 5.7% throughout the forecast period, i.e., 2019-30. Significant growth in the electronics industry across the globe is one of the main factors offering a favourable outlook for the market. Moreover, the widespread adoption of multicore technology for consumer electronics is increasing the industry's growth.
Semiconductor Intellectual Property (IP) Market: Segments
Memory IP segment to grow with the highest CAGR of XX.X% during 2019-30
Semiconductor Intellectual Property (IP) Market is segmented by design IP as processor IP, interface IP, memory IP, and other IP. The greater market share in 2018 was accounted by Processor IP and the dominance of the segment is attributed to the wide use of the processor IP in consumer electronics and automotive sector. The memory IP segment is expected to record the highest CAGR per design IP during the forecast era. Nowadays the exponential growth in media streaming and social networking content has increased the demand for storage locally and within data centres vigorously. In order to design effective storage and processing devices, this has required IC designers to use memory IPs.
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