The report
"Semiconductor
Intellectual Property (IP) Market with COVID-19 Impact Analysis by Design IP, IP
Core, IP Source, End User, Vertical (Consumer Electronics, Telecom & Data
Centers, Automotive, Commercial, Industrial), and Geography - Global Forecast
to 2025", will grow to USD 7.3 billion by 2025 (forecast year) from USD
5.6 billion in 2020 (estimated year), at a CAGR of 5.5% between 2020 to 2025.
The key drivers fueling the growth of this market include advancement in
multicore technology for the consumer electronics industry, increasing demand
for modern SoC (system on chip) designs, mitigation of the continuously rising
chip design cost and expenditure, and growing adoption of connected devices for
daily use. Moreover, increasing demand for electronics from the healthcare
industry due to COVID-19 and increasing demand for teleconference instruments
amid the COVID-19 pandemic can play a key role in driving the growth of the
semiconductor IP market.
The processor IP segment to hold the largest
market share in 2025
The processor IP
segment of the semiconductor IP market, by design IP is estimated to hold the
largest market share in 2025. 5G technology is driving massive increment in
speed, bandwidth, and data throughput for automotive and mobile applications by
introducing carrier aggregation and increased throughput with advanced
modulation via mmWave spectrums. This has added a great deal of complexity for
infrastructure, baseband, and application processor technologies. In order to
address this complexity, new innovative processor IPs are required. All these
factors are expected to contribute to the growth of the processor IP market
during the forecast period.
The IDM segment to register higher CAGR during
the forecast period
The IDM segment of
the semiconductor IP market, by functionality, is expected to register a higher
CAGR during the forecast period. IDM companies are investing heavily in
research and development to develop technologically advanced, energy-efficient,
and miniature products such as MEMS sensors, LEDs, memory devices, interposers,
and logic devices to be used in various applications, including consumer
electronics, automotive, and medical. Such developments are expected to
increase their market growth during the forecast period and aid in the growth
of the semiconductor IP market.
Americas is projected to hold the largest
share of the semiconductor IP market in 2025
Americas is expected
to hold the largest share of the semiconductor IP market in 2025. The growth in
the region 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 US and Canada, is expected to drive the
semiconductor IP market during the forecast period. For instance, the US
government introduced the CHIPS Act to provide a range of federal investments
to companies and encourage the next generation of semiconductor manufacturing.
The Act provides a 40% refundable income tax credit for the semiconductor
manufacturing industry and funds up to USD 12 billion to promote research in
advanced semiconductor technologies. Such developments are expected to drive
the market for semiconductor IP in Americas.
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Arm Holdings (UK),
Synopsys (US), Cadence Design Systems, Inc. (US), CEVA (US), Imagination
Technologies (UK), Rambus Inc. (US), eMemory Technology Corporation (Taiwan),
Mentor Graphics (US), and Lattice Semiconductor Corp. (US) are the key players
in the global semiconductor IP market. These players are increasingly
undertaking strategies such as product launches and development, expansions,
partnerships, collaborations, contracts, and acquisitions to increase their
market share.
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