(MENAFN- Ameliorate Digital Consultancy)
The value of the global semiconductor intellectual property (ip) market was US$5.9 billion in 2021, and by 2032, the market is projected to grow at a rapid CAGR of 6.8% to reach an estimated value of US $12.3 billion.
In the near future, the increasing use of semiconductor IP in the telecom and data center, consumer electronics, and automotive sectors will drive demand for this technology. The growing demand for modern SoC designs, innovation in multi-core technology, increasing adoption of connected devices for everyday use, and continuous improvements to optimize the growing spend on chip design are expected to drive demand for semiconductor IP.
Furthermore, the increasing demand for teleconferencing solutions during the pandemic and the increasing demand for electronic products from the healthcare industry due to COVID-19 are other important factors driving the growth of the market. Currently, semiconductor IP accounts for almost 2% of the global semiconductor market.
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Semiconductor Intellectual Property Demand Analysis (2017-2021) vs. Market Outlook (2022-2032)
Semiconductor intellectual property is a unit of cell, logic, and chip layout design that can be reused by the creative party. Intellectual property in a semiconductor is typically developed for the purpose of licensing it to multiple vendors for use as a building block in various chip designs.
In the current generation of integrated circuit (IC) designs, more and more system functions are integrated into single chips (System on Chip (SoC) designs). In these SoC designs, prebuilt cores/IP blocks are becoming increasingly important. This is because most SoC designs have a standard microprocessor and a large number of system functions that are standardized and therefore reusable across multiple designs.
Demand for semiconductor IP is estimated to increase by 6.8% CAGR between 2022 and 2032 compared to 8.5% CAGR during the historical period of 2017-2021.
The global semiconductor intellectual property market is anticipated to witness an increase in revenue from US$6.3 billion in 2022 to US$12.3 billion by the end of 2032.
How is the growth of the Semiconductor Intellectual Property market being driven?
“Increased use of ASIC chips drives growth for semiconductor IP-focused companies”
An application-specific integrated circuit (ASIC) is an integrated circuit (IC) chip that is tailored for a specific application rather than designed for general use. An ASIC is a chip that can be used in a high-efficiency digital voice recorder or video encoder.
The peculiarity of ASIC has transformed the manufacture of electronic products. Die sizes are reduced while logic gate density per chip is increased. For high-end applications, ASICs are often preferred. Satellites, ROM manufacturing, microcontrollers, and many types of applications in the medical and scientific industries use ASIC chips as IP cores.
Cryptocurrency mining is one of the most popular ASIC applications. Cryptocurrency mining requires more power and high-speed hardware. A general purpose CPU cannot provide such high computing power at high speeds. ASIC bitcoin miners are chips embedded in specially designed motherboards and power supplies, built into a single unit.
Thus, this trending app is driving the growth of the market and is anticipated to continue its supremacy in the near future.
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“Increasing use of semiconductors in the defense sector”
The defense industry has contributed greatly to the evolution of the compound semiconductor supply chain. Defense agencies provided the money and applications that allowed compound semiconductor technologies and other parts of the supply chain to flourish and grow. The need for high performance technologies and solutions in defense applications is driving this trend.
Spending on semiconductor content and equipment is increasing in the defense sector, reflecting the increasing segmentation of semiconductor content strategy analysis into electronic warfare, radar and communications systems. Defense applications do not create the same volume as consumer devices, but defense devices are characterized by higher prices, and this contributes to the high growth of the market.
Impact of the COVID-19 crisis
The COVID-19 pandemic has prompted semiconductor companies to quickly mobilize and make both short- and long-term adjustments to their business models in regards to the sales and distribution capabilities of their product offerings.
Global supply chains were disrupted as the virus spread across the globe, raising uncertainty about the lockdown period and affecting product sales. The COVID-19 outbreak has also increased the adoption of digital services across all industries. Demand for semiconductor products has shifted toward ASICs, sensors, and memory, while consumer behavior has changed rapidly.
With the easing of lockdowns in China, India, the US, and Germany, and the rollout of vaccines in several nations since December 2020, the manufacturing sector is estimated to gradually pick up speed in the near future, and the semiconductor IP market to recover by mid-2022.
competitive landscape
Semiconductor IP market players are focusing on various strategies to increase their investments in research and development to support future semiconductor designs and technologies. In addition, companies are acquiring and forming partnerships with other companies to develop their own portfolio of semiconductor intellectual property to serve more customers and increase their market share.
In April 2021, Nvidia announced the release of Nvidia Amp Architecture GPUs for next-generation desktops, laptops, and servers, making remote work possible without sacrificing quality and time.
In January 2021, CEVA, Inc. established a business partnership with DARPA Toolbox for technology innovation. This helped the company to strengthen its technological knowledge to improve product quality and increase product performance efficiency.
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Empresas
Synopsys Inc.
Imagination Technologies
Rambus Inc
Arm Ltd
Cadence Design Systems
Ceva Inc
Takumi Corporation
Nvidia Corporation
Qualcomm
TES Electronic Solutions GmbH
VeriSilicon/Vivante
Digital Media Professionals
Semiconductor IP Industry Outlook by Category
Semiconductor IP Market by Design IP:
IP Application Specific Integrated Circuit (ASIC) IP
Interface IP
Graphics (IP GPU) IP
Memory IP
Processor IP
Verification
Semiconductor IP Market by IP Source:
Licensing
Royalty
Semiconductor IP Market by Region:
North America Semiconductor
IP Market Latin America Semiconductor
IP Market Europe Semiconductor
IP Market East Asia Semiconductor IP Market
South Asia-Pacific Semiconductor IP Market
Middle East and Africa (MEA) Semiconductor IP Market
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