PUBLISHER: The Business Research Company | PRODUCT CODE: 1392888
PUBLISHER: The Business Research Company | PRODUCT CODE: 1392888
“Semiconductor Intellectual Property Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on semiconductor intellectual property market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for semiconductor intellectual property? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The semiconductor intellectual property market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Semiconductor IP, or Intellectual Property, refers to a design element that is a reusable unit of logic or functionality, or a layout of a design created with the intention of licensing it to multiple vendors for use as a building block in various chip designs. A license fee is typically charged for its usage, or a royalty is applied for every device manufactured using that specific piece of IP. Semiconductor IP plays a crucial role in providing integrated circuit layout designs that constitute the intellectual property of its creator or the party that owns it.
The main types of design IP in semiconductor intellectual property include processor IP, interface IP, memory IP, and others. Processor IP grants intellectual property rights for the design of processors, often produced in the form of soft IP and analog blocks. Different IP cores include softcore, hardcore, and involve various revenue sources such as royalties and licensing. Semiconductor IP is implemented across various sectors, including consumer electronics, telecom, automotive, healthcare, and others.
The semiconductor intellectual property (IP) market research report is one of a series of new reports from The Business Research Company that provides semiconductor intellectual property (IP) market statistics, including semiconductor intellectual property (IP) industry global market size, regional shares, competitors with a semiconductor intellectual property (IP) market share, detailed semiconductor intellectual property (IP) market segments, market trends and opportunities, and any further data you may need to thrive in the semiconductor intellectual property (IP) industry. This semiconductor intellectual property (IP) market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The semiconductor intellectual property market size has grown rapidly in recent years. It will grow from $6. 58 billion in 2023 to $7. 31 billion in 2024 at a compound annual growth rate (CAGR) of 11. 1%. The growth observed in the historical period can be attributed to the increased complexity of semiconductor designs, the demand for faster time-to-market in semiconductor development, the growth in consumer electronics and mobile devices, the rise in outsourcing of semiconductor design activities, and the need for cost-effective design solutions.
The semiconductor intellectual property market size is expected to see rapid growth in the next few years. It will grow to $11. 11 billion in 2028 at a compound annual growth rate (CAGR) of 11. 0%. The anticipated growth in the forecast period can be attributed to the continued expansion of the automotive semiconductor sector, increased demand for custom semiconductor solutions, the integration of semiconductor IP in edge computing devices, the rising demand for advanced System-on-Chip (SoC) designs, and decreasing design and manufacturing costs. Key trends expected in the forecast period include the expansion of artificial intelligence and machine learning applications, the adoption of 5G technology and Internet of Things (IoT) devices, collaboration and partnerships between IP providers and semiconductor companies, a growing focus on IP solutions for quantum computing and neuromorphic chips, and an increase in the use of RISC-V architecture for open-source IP.
The anticipated increase in the adoption of connected devices is poised to contribute to the semiconductor IP market's growth in the forecast period. Connected devices, commonly referred to as the Internet of Things (IoT), encompass physical objects capable of communicating with one another and other systems over the internet. These IoT devices are manufactured using electronic components such as semiconductors, microprocessors, and various chips. Norton, a US-based antivirus and anti-malware software developer, estimates that the number of IoT devices in use will grow from approximately 11. 6 billion in 2021 to around 21 billion by 2025. This growing adoption of connected devices is expected to be a key driver for the semiconductor IP market.
The increasing adoption of 5G networks is a significant factor contributing to the semiconductor IP market's growth. 5G networks, representing the fifth generation of wireless cellular technology, offer improved upload and download speeds, more reliable connections, and enhanced capacity. The rollout of 5G networks necessitates specialized IP blocks for wireless connectivity and communication. According to data from Ericsson, a Sweden-based internet broadband company, global 5G population coverage reached around 35 percent at the end of 2022 and is projected to increase to approximately 85 percent by 2028. Therefore, the burgeoning adoption of 5G networks is expected to propel the semiconductor IP market forward.
A noteworthy trend in the semiconductor IP market is the launch of new technologies. Key players in the market are directing their focus towards technological innovations to maintain a competitive edge. For instance, in March 2021, Synopsys, Inc., a US-based semiconductor intellectual property developer, introduced the industry's first complete IP solution for PCIe 6. 0 technology, encompassing controller, PHY, and verification IP. This innovation facilitates the early development of PCIe 6. 0 system-on-chip (SoC) designs, addressing the evolving needs of high-performance computing, artificial intelligence, and storage SoCs.
Major companies in the semiconductor IP market are strategically pursuing partnerships and collaborations to enhance their semiconductor IP designs and offerings. Strategic partnerships involve leveraging each other's strengths and resources to achieve mutual benefits. An example is the partnership between Intel, a US-based semiconductor chip developer, and Synopsys, a US-based semiconductor IP developer, announced in August 2023. The collaboration aims to integrate Synopsys' IP design technology with off-the-shelf components to enhance semiconductor IP for future manufacturers.
In September 2022, Alphawave IP Group plc, a UK-based provider of wired connectivity solutions, acquired OpenFive for an undisclosed amount. This acquisition adds semiconductor intellectual property (IP) and custom silicon solution capabilities to Alphawave IP Group plc's existing portfolio. OpenFive, a US-based developer of semiconductor IP, brings additional expertise to further strengthen Alphawave's offerings in the market.
Major companies operating in the in the semiconductor intellectual property market report are Arm Holdings plc, Synopsys Inc., Cadence Design Systems Inc., Ceva Inc., Imagination Technologies Group plc, eMemory Technology Incorporated, Rambus Inc., Mentor Graphics Corp., Faraday Technology Corp., Lattice Semiconductor Corp., Achronix Semiconductor Corp., Dolphin Integration SA, Open-Silicon Inc., Xilinx Inc., Sonics Inc., Fujitsu Ltd., MediaTek Inc., VeriSilicon Holdings Co. Ltd., Wave computing Inc., Silvaco Inc., Intel Corp., Arm Limited, eMemory Technology Inc., Kilopass Technology Inc., M31 Technology Corporation, Open Five Inc., TransPacket AS, Andes Technology Corporation, Arasan Chip Systems Inc., LTIMindtree Limited
Asia-Pacific was the largest region in the semiconductor intellectual property (IP) market in 2023. North America was the second-largest market in the global semiconductor intellectual property market share. The regions covered in the semiconductor intellectual property market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the semiconductor intellectual property market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.
The semiconductor IP market includes revenues earned by entities by providing services such as hard IP, soft IP, and verification IP. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified)).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.