The global semiconductor IP market
is expected to grow from USD 5.5 billion in 2021 to USD 7.2 billion by 2026, at
a CAGR of 5.4%.
Increasing the advancements for multicore technology
across various sectors as well as rising demand for modern SoC (system on chip)
designs for different applications are the primary factors driving the market
growth. Moreover, growing adoption of semiconductor IPs in consumer
electronics, telecommunications & data center as well as automotive
verticals will drive the demand for this technology in the near future.
Driver: Advancements in multicore technology for
consumer electronics vertical
The consumer electronics industry offers immense
growth opportunities for the players operating in the semiconductor and
semiconductor IP markets. The semiconductor industry’s growth is highly
dependent on the sales of consumer electronics, such as smartphones, tablets,
and memory as well as processor products, as ICs and SoCs are being
increasingly used in their manufacturing. The market for multicore processors
is growing rapidly due to the advancements in personal computing for consumer
electronics and the emergence of octa-core processors for smartphones. The
growth of the multicore processor market is expected to create lucrative
opportunities for the semiconductor IP market in the future. Presently, most
portable consumer electronics operate on multicore (dual-core or quad-core)
processors. These processors are helping companies to be competitive in the
consumer electronics market by exhibiting fast, efficient, and error-free
performance.
Restraint: Constant technological changes
Technology is an ever-changing concept, especially
in the semiconductor industry. In each leap, new technologies would enter the
market and break the equilibrium. The same applies to the IC industry, where
process nodes play a vital role. Changes in the nodes of a semiconductor chip
can change design complexity, chip form factor, and IP core design
architecture. The most common task in advanced SoC design is the effective
implementation of these SoC chips in advanced technologies, such as 20 nm
planar and FinFET processes. The adoption of advanced technology nodes
increases design costs for IP vendors, while payments for licensing the IP
suitable as per the new technology node may not match up to the rise in expenditure.
Opportunity: Rising demand for advanced
semiconductor components in automotive and telecommunications & data center
verticals
The companies in the automotive and
telecommunications & data center verticals rely on highly sophisticated,
complex electronic systems. In these industries, the demand for electronic and
semiconductor components is rising, which has created the need for an
innovative design solution for chip manufacturing. The applications of microprocessor units
(MPUs), microcontroller units (MCUs), sensors, analog integrated circuits
(ICs), interfaces, and memory are increasing in autonomous and premium cars.
With the growing significance of connected cars, vehicle connectivity, and
electronic mobility, the demand for small gadgets with high functionality and
performance improvements is expected to rise in the automotive industry, which
will create an opportunistic environment for the players operating in the
semiconductor IP market.
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Challenge: IP thefts, counterfeits, and conflicts
IP counterfeiting, particularly the development of
counterfeit components and system-level designs of IP cores, is the major
threat for the current business models followed worldwide. Static random-access
memory (static RAM or SRAM) FPGAs are most vulnerable to IP thefts and
frequently fail to offer full functionality. However, nonvolatile flash and
anti-fuse FPGAs are more secure against IP thefts than ASIC technologies, which
are expected to substitute ASIC technologies. To resist IP thefts, industry
experts recommend using nonvolatile flash and anti-fuse FPGAs.
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