Kenneth Research, in its repository of market research reports, has recently added a report on Semiconductor IP Market that emphasizes the latest trends, key opportunities, drivers, and challenges associated with the growth of the market during the forecast period, i.e., 2022 – 2031. The Semiconductor IP Market is anticipated to grow primarily on account of the growing trade of ICT goods and services worldwide. According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Semiconductor IP Market products.
The Global Semiconductor IP Market was valued at USD 4.68 billion in 2016 and is projected to reach USD 7.00 billion by 2025, growing at a CAGR of 4.58% from 2017 to 2025.
A Semiconductor IP is a reusable unit of logic, cell, or chip layout design and is also the intellectual property of one party. With the increasing rate of data, increasing variability, and restricted design rules, the complexity increases in the process of IP development. Benefits of semiconductor IP includes â€“ reduction in the number of metal wires hence reducing the die size, easy to implement power management schemes, easy configuration, faster frequencies, advanced QoS for bandwidth, latency and security requirements.
The Final Report will cover the impact analysis of COVID-19 on this industry:
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1. Market Drivers
1.1 Increasing adoption of semiconductor IP in avionics, aerospace and defense sector
1.2 Growing demand of embedded DSP IP and programmable DSP IP segments
1.3 Rising demand for connected devices
1.4 Mitigation of continuously rising chip design cost and expenditure
1.5 Enhancements in multi-core technology for consumer electronics sector
1.6 Growing demand for modern SOC design
2 Market Restraints
2.1 Increasing IP thefts, counterfeits and conflicts on semiconductor IP
2.1 Concerns related to mooreâ€™s law
2.2 Rapidly changing technologies
The Global Semiconductor IP Market is segmented on the design IP, IP source, vertical, and region.
1. Design IP:
1.1 Interface IP
1.2 Memory IP
1.3 Processor IP
2. By IP Source:
3. By Vertical:
3.2 Consumer Electronics
4. By Region:
4.1 North America (U.S., Canada, Mexico)
4.2 Europe (Germany, UK, France, Rest of Europe)
4.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
4.4 Latin America (Brazil, Argentina, Rest of Latin America)
4.5 Middle East & Africa
The major players in the market are as follows:
2. Lattice Semiconductor
6. Mentor Graphics
10. Dream Chip Technologies
12. Achronix Semiconductor
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
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