SAN FRANCISCO—The global Semiconductor IP Market is estimated to grow at a substantial CAGR of 9.79% during the period 2018-2022 as the scope, product types, and its applications are increasing across the globe, according to a report by Radiant Insights. Semiconductor intellectual properties (SIPs) are the building blocks, core components of chip design layout, transistor cells, logic for instances, which are either formed by the users for their own use and/or licensed to the other users. The factors that propel the growth of the semiconductor IP market include rising production of mobile devices, rising need for innovative and advanced products, use of multi-core technologies, growing demand for connected devices, and complex chip designs. On the other hand, there are factors that may hamper the growth of the market including limitation of patented technologies and extensive developments in technology. Semiconductor IP market may be explored by type, application, and geography. Semiconductor IP market may be explored by design IP type as processor IP, memory IP, interface IP, and the other IP. The “Processor IP” segment led the semiconductor IP market in 2016 and is anticipated to maintain its dominance by 2022.
The factors that could be attributed to the growth include increased demand for microcontroller, microprocessor, graphics processing unit and digital signal processor, across numerous verticals. Semiconductor IP market may be explored by IP source as royalty, licensing, and servicing. Semiconductor IP market could be explored based on the application as telecom, consumer electronics, aerospace, automotive, agriculture, healthcare and others. The “Consumer Electronics” segment led the semiconductor IP market in 2016 and is anticipated to maintain its dominance by 2022 owing to the surge in the use of consumer electronics. Semiconductor IP market is categorized based on geography into North America, Latin America, Japan, Middle East, and Africa, Western Europe, Asia Pacific, and Eastern Europe. The “North America” segment led the semiconductor IP market in 2017 and is anticipated to maintain its dominance by 2022 owing to increased semiconductor and electronics manufacturing in the region and increasing acceptance of the electronics devices. North America is followed by the Asia-Pacific region owing to increased semiconductor and electronics manufacturing in the region. The key players contributing to the robust growth of the semiconductor IP market comprise Agate Logic, Cavium Networks, Core Logic, Atheros, Cirrus Logic, Amkor Technology, Axis Communications, All winner Technology, Apple Inc, Conexant, Applied Micro Circuits Corporation (AMCC), Anyka, Analog Devices ASIX Electronics, CEVA, Inc, ARM Holdings and Altera. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.