Semiconductor IP in the spotlight
Reportlinker.com has published the report "Semiconductor Intellectual Property Global Market Report 2023".
The global semiconductor intellectual property market grew from $5.93 billion in 2022 to $6.89 billion in 2023 at a compound annual growth rate (CAGR) of 16.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The semiconductor intellectual property market is expected to grow to $11.07 billion in 2027 at a CAGR of 12.6%.
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.
Semiconductor IP refers to a piece of design that is a reusable unit of logic or functionality or a layout of a design that is developed with the idea of licensing it to many vendors for using it as a building block in different chip designs.There is a license fee for its usage or royalty for every device made using that piece of IP.
Semiconductor IP helps to provide integrated circuit layout design that is the intellectual property of its creator or party.
Asia-Pacific was the largest region in the semiconductor intellectual property (IP) market in 2022.North America was the second-largest market in the semiconductor intellectual property market.
The regions covered in the semiconductor intellectual property (IP) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
The main types of design IP in semiconductor intellectual property (IP) are processor IP, interface IP, memory IP, and others.The processor IP offers an intellectual property right for the design of the processor.
Processors are typically produced in the form of soft IP and analog blocks.The different IP cores involve softcore, hardcore and include various revenue sources such as royalty, licensing.
It is implemented in several sectors such as consumer electronics, telecom, automotive, healthcare, and others.
The growing adoption of connected devices is expected to contribute to the growth of the semiconductor IP market in the forecast period.Physical objects that can communicate with one another and other systems over the internet are referred to as connected devices.
Internet of Things (IoT) is generally referred to as connected devices.These are physical objects that connect with other devices through the internet or various ways such as WiFi, NFC, Bluetooth, mobile networks.
IoT devices are manufactured using electronics such as semiconductors, microprocessors, and other chips. According to Norton, a US-based antivirus and anti-malware software developing company estimates that in 2021 there are around 11.6 billion IoT devices used, and it will grow to 21 billion IoT devices by 2025. The growing adoption of connected devices or IoT devices will drive the semiconductor IP market.
New technology launches are a key trend gaining popularity in the semiconductor IP market. Key players in the market are focusing on new technological innovations to maintain a comparative advantage over competitors in the industry.
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.
The semiconductor intellectual property (IP) market research report is one of a series of new reports 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 on the semiconductor intellectual property (IP) industry.
