Semiconductor IP Market: Introduction
The global semiconductor IP market is projected to reach ~US$ 8.3 Bn by 2030. The semiconductor IP market is projected to expand at a CAGR of ~6% from 2020 to 2030. The global semiconductor IP market has been segmented in terms of type, architecture design, and end-user. In terms of type, the market has been segmented into Verification IP, ASIC, Memory IP, Interface IP, and Processor IP. Architecture design has been segmented into Hard IP and Soft IP.
Based on end-user, the semiconductor IP market has been segmented into healthcare, telecommunications, automotive, consumer electronics, and others (industrial equipment, etc). Based on the region, the global semiconductor IP market has been divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America. Initially, vendors across the ecosystem of semiconductor IP were analyzed based on device and technology providers in the market.
Semiconductor IP Market: Regional Outlook
Asia Pacific is expected to dominate the semiconductor IP market during the forecast period. Asia Pacific is expected to see increasing growth in the semiconductor IP market. The market in Europe, North America, and Middle East & Africa are also expected to expand rapidly during the forecast period.
The report provides an in-depth segment analysis of the global semiconductor IP market, thereby providing valuable insights at the macro as well as micro levels. Analysis of major countries, which hold growth opportunities or account for significant share has also been included as part of a geographic analysis of the semiconductor IP market.
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Open Alliance Programs Give Rise to Comprehensive Design Technology Infrastructures
The semiconductor IP market is witnessing significant changes with a growing number of strategic alliance programs. For instance, Omni Design Technologies-a provider of high-performance, low-power mixed-signal IP solutions, has joined the TSMC’s (Taiwan Semiconductor Manufacturing Company) Open Innovation Alliance program, which involves the participation of leading IP companies. As such, manufacturers are innovating in silicon-verified and foundry-specific IP solutions. Increasing demand for ultra-low power ADC and DAC solutions has catalyzed the demand for semiconductor IPs.
The semiconductor IP market is expected to reach a revenue of US$ 8.3 Bn by 2030. However, challenges in the 5G, automotive, and IoT segments are likely to inhibit the market growth. Hence, companies should introduce alliance programs to give rise to more comprehensive design technology infrastructures that help to reduce design barriers.