According to a recent market study by Future Market Insights (FMI), the global semiconductor intellectual property market was valued at US$ 6 Bn in 2021 and is projected to grow to US$ 12.3 Bn by 2032. According to the report’s conclusions, Soft IP Core will continue to play a crucial role in the market because it will account for the majority of sales. The Soft IP Core architectural design is anticipated to contribute a CAGR of 7% between 2022 and 2032.
The significant increase in semiconductor demand brought on by their use in many consumer electronics items has sparked a demand for semiconductor intellectual property.
The US to Command the Larger Proportion of Semiconductor Intellectual Property Market throughout the Analysis Period
The US commanded over 24% of the market share and is expected to maintain its position intact with an absolute opportunity growth of US$ 1.3 Bn with the market projection of US$ 3 Bn by 2032. The extensive need for consumer electronics products and the presence of accommodating litigations like the CHIPS Act aids the U.S. Semiconductor Intellectual Property Market growth.
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Semiconductor Intellectual Property Market: Competition Insights
Intel Corporation, Arm Limited, Avery Design Systems Inc., Cadence Design Systems Inc., Cast Inc., Synopsys Inc., Rambus Inc., Ceva Inc., Imagination Technologies Limited, Nvidia Corporation, TES Electronic Solutions GmBH, Digital Media Professionals Inc., TAKUMI Corporation, VeriSilicon/Vivante, and Qualcomm Incorporated are among the key semiconductor intellectual property companies worldwide.
To expand their product portfolio and simultaneously capitalize on the growing market demand, many of these companies are adopting strategies such as mergers, acquisitions, and partnerships. The key market players shaping the Semiconductor Intellectual Property Industry are also focused on new product launches furthering their position in the market.
Some of the recent developments in the semiconductor intellectual property market are as follows:
- In April 2021, a partnership between Rambus Inc. and Lattice Semiconductor was announced. The aim behind its conceptualization is the mutual benefit of both firms from their combined technology associated with security solutions. This partnership is anticipated to aid Rambus Inc. in attracting new customers to further increase its revenue growth.
- In April 2021, Nvidia ampere architecture GPUs were launched by Nvidia Corporation. This new product launch is aimed at next-generation desktops, servers, and laptops to increase their efficiency and make remote work possible without hampering the quality.
- In January 2021, a licensing agreement was finalized between Ceva Inc. and the U.S. DARPA (Defense Advanced Research Projects Agency) for accelerating the technology innovations for DARPA programs. This partnership comes under DARPA Toolbox initiative, and sets up an access framework providing the DARPA organizations the ability to access Ceva Inc.’s commercially available IPs, tools and infrastructure support for expediting their programs. It also aids the company in strengthening its technological knowledge, subsequently enhancing product quality and performance efficiency.
- In May 2020, Arm IP was launched by Arm Technology to enhance its digital portfolio. This latest product is aimed toward alleviating the customer experience by helping the Android ecosystem with the ability to innovate.
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Key Segments Covered In Market Survey
The Semiconductor Intellectual Property Market is segmented based on type, architecture design, application, and region.
By Type:
- Verification IP
- ASIC
- Memory IP
- Interface IP
- Processor IP
By Architecture Design:
- Hard IP Core
- Soft IP Core
By Application:
- Healthcare
- Telecommunications
- Automotive
- Consumer Electronics
- Others
By Region:
- North America
- Latin America
- Europe
- South Asia & Pacific
- East Asia
- Middle East & Africa
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