$6.5 Billion Semiconductor Intellectual Property (IP) Market - Global Forecast to 2024 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Jan 8, 2019--The “Semiconductor Intellectual Property (IP) Market by Design IP (Processor IP, Interface IP, Memory IP), IP Source (Royalty & Licensing), Vertical (Consumer Electronics, Telecom, Industrial, Automotive, Commercial), and Region - Global Forecast to 2024” report has been added to ResearchAndMarkets.com’s offering.
The semiconductor IP market is expected to grow from USD 4.9 billion in 2018 to USD 6.5 billion by 2024, at a CAGR of 4.78%.
Major factors driving the semiconductor IP market include advancement in multicore technology for consumer electronics sector and increasing demand for modern SoC designs. Owing to the benefits such as high switching speed, power efficiency, and the suitability with various consumer electronics and devices, the memory IP market is expected to show a significant growth. Further, the requirement of the better safety and advanced features in automobile gives rise to the necessity of installation of more number of memory devices per vehicle.
The processor IP market is expected to hold the largest market share during the forecast period. Processor IPs have several use cases in consumer electronics and automotive verticals, which also cost high. These are used in advanced driver assistance systems (ADAS) and infotainment systems in automobile sector. These processors are mainly classified into 3 major processing units such as microprocessor unit (MPU), microcontroller unit (MCU), and digital signal processor (DSP).
The semiconductor IP market for automotive is expected to grow at the highest CAGR during the forecast period. The growth of semiconductor IP in the automotive sector is due to increasing application of microprocessor units (MPUs), microcontroller units (MCUs), sensors, analog integrated circuits (ICs), interfaces, and memory in autonomous and premium cars. Approximately 100 processors are used in a high-end automobile, which makes it a flourishing applications segment in the semiconductor IP market.
DriversAdvancement in Multicore Technology for Consumer Electronics Sector Increasing Demand for Modern SOC (System on Chip) Designs Mitigation of the Continuously Rising Chip Design Cost and Expenditure Growing Demand for Connected Devices
RestraintsConstant Changes in Technology Concern Related to Moore’s Law
OpportunitiesEmbedded DSP IP and Programmable DSP IP Segments to Have Tremendous Growth Potential in the Coming Future Huge Prospects for the Semiconductor IP Market Because of Avionics and Aerospace and Defense Sectors
ChallengesImpact of IP Thefts, Counterfeits, and Conflicts on the Market
Companies MentionedAchronix Semiconductor Arm Holdings Cadence Ceva Cobham Gaisler Dolphin Integration Dream Chip Technologies Ememory Eureka Technology Faraday Technology Imagination Technologies Lattice Semiconductor Mentor Graphics Open-Silicon, Inc. Rambus Semiconductor Manufacturing International Corp. (SMIC) Sonics, Inc. Synopsys Transpacket Xilinx
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SOURCE: Research and Markets
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PUB: 01/08/2019 07:41 AM/DISC: 01/08/2019 07:41 AM