The global semiconductor intellectual property (IP) market was valued at US$ 4,111.0 Million in 2019 and is expected to surpass US$ 7,103.0 Million by 2027, registering a CAGR of 8.9% during the forecast period (2020-2027), according to the Global Semiconductor Intellectual Property (IP) Market Report, By Design IP (Processor IP, Interface IP, Memory IP, and Other IP (D/A and A/D Converter)), By Revenue Source (Royalty And Licensing), by IP Core (Soft Core and Hard Core), By End User (IDMS, Foundries, OSATS, and Others), By Industry Vertical (Consumer Electronics, Telecom, Automotive, Healthcare, and Others), and by Region (North America, Europe, Asia Pacific, Latin America, and Middle East and Africa), published by Coherent Market Insights.
The automotive sector is focusing on continuous innovation and the semiconductor intellectual property will continue to play a major role in the advancement of this industry. As the automotive industry continues to develop self-driving technology, automotive electronics are expected to play an integral role in enabling these capabilities. The safety features in today’s automotive SoCs (systems-on-chip) requires semiconductor IPs. The growth of semiconductor intellectual property in the automotive industry is due to increasing application of microcontroller units (MCUs), microprocessor units (MPUs), sensors, interfaces, analog integrated circuits (ICs), and memory products in autonomous and premium cars. All major vehicle manufacturers such as Mitsubishi Motors Corporation, Renault, and Tata Motors are focusing on providing safety components in a vehicle such as high-tech sensors, cameras, advanced driver-assistance systems (ADAS), and other parts that mitigate accidents. Therefore, with launch of modern cars equipped with various features and more to come in driverless cars, semiconductor intellectual property will play a major role in facilitating further innovation.
Growing adoption of modern system on chip (SOC) designs is expected to drive the market growth during the forecast period. Semiconductor IP cores are combined with the system on-chip (SoCs) and application specific integrated circuit (ASICs) products. Such products are then used for the production of chips, which are then installed in automobiles, MP3 players, televisions, smartphones, and others. In addition, there is rise in the demand for smart and power efficient devices, which propels demand for the SoCs. This, in turn, is projected to drive growth of the semiconductor IP market. For instance, in June 2020, Qualcomm Technologies, Inc. launched its new product 'Snapdragon 690 System-on-chip,' to support its Snapdragon 6-series processors. The Snapdragon 690 is specifically designed for 5G connectivity and supports both standalone (SA) and non-standalone (NSA) modes.
Semiconductor Intellectual Property (IP) Market - Impact of Coronavirus (Covid-19) Pandemic
COVID-19 has significantly disrupted almost all the industries including, infrastructure, automotive, manufacturing, and others. To combat COVID-19 pandemic, most of the countries have implemented lockdowns and are now easing it phase-wise and industry wise. This has significantly impacted manufacturing sector as the facilities across the globe were temporarily shut down. Slowdown in production by automotive OEMs due to COVID-19 crisis has resulted in demand variation for semiconductor chips. Furthermore, demand for PC/server, wired communication, and consumer products has dropped. Thus, consequently impacting the semiconductor intellectual property (IP) market growth. However, demand for wireless communication has increased. Accelerated demand for cloud infrastructure to support distributed workforce will have positive impact on the global semiconductor intellectual property (IP) market in the long term.
To know the latest trends and insights prevalent in this market, click the link below:
Browse 150 market data tables* and 90 figures* on “Global Semiconductor Intellectual Property (IP) Market- Global forecast to 2027”
Key Trends and Analysis of the Global Semiconductor Intellectual Property (IP) Market: