Semiconductor Intellectual Property (IP) Market to be Propelled by CAGR of ~6% During 2022 – 2031

 Research Nester published a report titled “Semiconductor Intellectual Property (IP) Market: Global Demand Analysis & Opportunity Outlook 2031” which delivers a detailed overview of the global semiconductor industry intellectual property (IP) market in terms of market segmentation by design IP, IP source, IP core, verticals and by region.

Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with a detailed discussion on current and future market trends associated with the market’s growth.

The global semiconductor intellectual property (IP) market is anticipated to grow with a CAGR of ~6% during the forecast period, i.e., 2022-2031. The market is segmented by design IP into processor IP, interface IP, memory IP, and other IPs. Out of these segments, processor IP is anticipated to garner the largest market share over the forecast period, backed by the increasing adoption of processor IP. These processors are able to meet the industry demand with the high complexities of infrastructures. Moreover, processor IP has wide applications in consumer electronics and high-cost automotive verticals.

The global semiconductor intellectual property (IP) market is estimated to garner a revenue of ~USD 11 billion by the end of 2031, up from a revenue of ~USD 6 billion in the year 2021. The growing demand for semiconductor components from telecom and data centers is creating lucrative business opportunities for manufacturers in the market. Furthermore, the demand for semiconductor intellectual property in electronic warfare and communications along with rising spending on equipment and semiconductor materials in the defense sector is projected to drive market growth in the coming years.

Geographically, the global semiconductor intellectual property (IP) market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and Middle East & Africa region. Out of these, the market in North America is projected to garner the largest revenue by the end of 2031, owing to the increasing growth of the semiconductor industry in the region. Apart from this, the market in the Asia Pacific region is anticipated to register significant growth in the coming years.

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The research is global in nature and covers a detailed analysis of the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook, etc. has also been covered and displayed in the research report.

 

Rising Trend of Heath Wearables to Drive the Market Growth

According to estimates, approximately 19% of United States citizens used a fitness tracker on a daily basis in 2019. In addition, over 40% of the fitness tracker industry's global revenues came from North America owing to the increased adoption of fitness tracker bands.

The increasing awareness related to health among people is creating a huge demand for fitness trackers and health wearable bands. Health wearable devices are capable of analyzing the state of the wearer's body as well as collecting information about the environment which is possible with the presence of various design IPs equipped inside the device. Moreover, these devices also provide wireless connectivity, communication, and information processing capabilities. Such a factor is therefore anticipated to drive the growth of the market in the coming years.

However, the risk associated with IT theft and counterfeiting is expected to operate as key restraints to the growth of the global semiconductor property intellectual (IP) market over the forecast period

This report also provides the existing competitive scenario of some of the key players of the global semiconductor property intellectual (IP) market which includes company profiling of Synopsys, Inc, Cadence Design Systems, Inc., Imagination Technologies Limited, CEVA, Inc., Lattice Semiconductor Corporation, eMemory Technology Inc. Achronix Semiconductor Corporation, Alphawave IP Inc, Arteris, Inc, and Arm Limited. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials, and recent news and developments. On the whole, the report depicts a detailed overview of the global semiconductor property intellectual (IP) market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching for possibilities, and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.     

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