The global semiconductor IP market in terms of revenue was estimated to be worth USD 5.5 billion in 2022 and is poised to reach USD 7.2 billion by 2026, growing at a CAGR of 5.4% from 2023 to 2026. The new research study consists of an industry trend analysis of the market.
Increasing 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.
Processor IP is expected
to witness the highest market share during the forecast period.
The processor IP segment
is expected to hold a major share of the semiconductor IP market during the
forecast period. 5G technology is making massive increments in speed,
bandwidth, and data throughput for automobile and mobile applications by
introducing carrier aggregation and increased throughput with advanced
modulation via mmWave spectrums.
Such advancements have
increased the complexity of infrastructures, basebands, and application
processor technologies. To address this issue, new innovative processor IPs are
required. All these factors are expected to fuel the demand for processor IPs
during the forecast period.
Consumer electronics
vertical is expected to have the largest market share during the forecast period.
The consumer electronics
vertical held the largest share of the semiconductor IP market in 2020, and the
trend is expected to continue during the forecast period. The growth of the
market for consumer electronics vertical can be attributed to the growing
adoption of the modern system on chips (SOC) designs in these devices.
Also, the developing
markets for machine learning, artificial intelligence, and augmented reality
and increasing penetration of 5G phones are expected to create promising
opportunities for the players operating in the market for the consumer
electronics vertical.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=651
Asia Pacific is the
leading semiconductor IP market in terms of CAGR, globally, by value, in 2020
The market in APAC will
grow at the highest CAGR during the forecast period. APAC is likely to continue
to hold the largest market size and is expected to be the fastest-growing
region in the market owing to factors such as the increasing use of smart
devices (e.g., smartphones and smart bands) in APAC that paves the way for the
growing penetration of various design IPs in these smart devices. Increasing
demand for laptops, smart wearables and other electronic devices in countries
in APAC are set to drive the growth of the said market.
About MarketsandMarkets™
MarketsandMarkets™ is a
blue ocean alternative in growth consulting and program management, leveraging
a man-machine offering to drive supernormal growth for progressive
organizations in the B2B space. We have the widest lens on emerging
technologies, making us proficient in co-creating supernormal growth for
clients.
The B2B economy is
witnessing the emergence of $25 trillion of new revenue streams that are
substituting existing revenue streams in this decade alone. We work with
clients on growth programs, helping them monetize this $25 trillion opportunity
through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to
Execution, Market Share Gain, Account Enablement, and Thought Leadership
Marketing.
Built on the 'GIVE
Growth' principle, we work with several Forbes Global 2000 B2B companies -
helping them stay relevant in a disruptive ecosystem.Our insights and
strategies are molded by our industry experts, cutting-edge AI-powered Market
Intelligence Cloud, and years of research.The KnowledgeStore™ (our Market
Intelligence Cloud) integrates our research, facilitates an analysis of
interconnections through a set of applications, helping clients look at the
entire ecosystem and understand the revenue shifts happening in their industry.
No comments:
Post a Comment