The report "Semiconductor Intellectual Property (IP) Market by Design IP (Processor IP, Memory IP, Interface IP), IP Source (Royalty, Licensing), IP Core (Hard IP, Soft IP), Interface Type, End User, Vertical and Region - Global Forecast to 2029" The semiconductor intellectual property (IP) market was valued at USD 7.5 billion in 2024 and is projected to reach USD 11.2 billion by 2029; it is expected to grow at a CAGR of 8.5% from 2024 to 2029. Advancements in multicore technology for consumer electronics, increasing demand for modern System-on-chip (SoC) designs, and decline in cost associated with chip designing are some of the key drivers driving the growth of semiconductor intellectual property (IP) market.
Soft IP core segment is
expected to hold a larger share of the semiconductor intellectual property (IP)
market during the forecast period.
The soft IP core segment
is expected to hold a larger share of the semiconductor intellectual property
(IP) market during the forecast period and grow at a higher CAGR. Soft IP cores
are offered in register-transfer level (RTL) code or netlist format, allowing
chip designers to modify and integrate them seamlessly into their designs. This
customization potential caters to diverse needs and applications, appealing to
a broad range of players. Compared to hard IP cores implemented directly into
silicon, soft IP cores require less upfront investment and can be easier to
integrate into existing design flows. This lower barrier to entry attracts
smaller and start-up companies to the market, fueling its growth.
Processor IP segment is
expected to hold a major share of the semiconductor intellectual property (IP)
market during the forecast period.
The processor IP segment
holds the largest market share and is expected to hold a major share of the
semiconductor intellectual property (IP) market during the forecast period.
Processors are the central brains of any electronic device, from smartphones and
computers to IoT devices and industrial equipment. As electronics become more
sophisticated and interconnected, the demand for high-performance and efficient
processors grows exponentially.
Increasing adoption of
specialized processors for AI and machine learning applications will drive
demand for processor IPs tailored to these specific needs. Continued focus on
low-power, high-efficiency designs will be crucial for battery-powered devices
and edge-computing applications, influencing the development of processor IP in
these areas. Open-source processor IP is gaining traction, offering more
flexible and accessible solutions for smaller chip design companies and
academic institutions.
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North America holds the
second-largest market share throughout the forecast period.
North America is likely
to account for the second-largest market share of the overall semiconductor
intellectual property (IP) market from 2024 to 2029. The growth in this market
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 the US and Canada, is expected to drive the growth
of the semiconductor intellectual property (IP) market during the forecast
period. For instance, in August 2022, the US government introduced the CHIPS
and Science Act that authorizes USD 280 billion in new funding to boost
domestic research and manufacturing of semiconductors in the US, for which it
appropriates USD 52.7 billion. Also, the government of Canada is promoting the
use of electric vehicles; the government is investing USD 96 million to support
the coast-to-coast electric vehicle charging network. Electric vehicles
extensively use electric components, such as LEDs, power devices, MEMS, and photodiodes.
The need to produce efficient components is expected to boost the requirement
for semiconductor IP cores in the future.
Key Players
Some of the leading
companies operating in the semiconductor intellectual property (IP) market are
Arm Limited (UK), Synopsys, Inc. (US), Cadence Design Systems, Inc. (US),
Imagination Technologies (UK), CEVA, Inc. (US), Lattice Semiconductor (US),
Rambus (US), eMemory Technology Inc. (Taiwan), Silicon Storage Technology, Inc.
(US), VeriSilicon (China), Achronix Semiconductor Corporation (US), ALPHAWAVE
SEMI (UK), Analog Bits (US), ARTERIS, INC (US), Frontgrade Gaisler (Sweden),
Dolphin Design (France, among others.
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