Semiconductor Intellectual Property Global Market Report 2024 - By Growth, Size, Demand, Industry Trends, Forecast To 2033

The semiconductor intellectual property market size has grown rapidly in recent years. It will grow from $6.58 billion in 2023 to $7.31 billion in 2024 at a compound annual growth rate (CAGR) of 11.1%. The growth in the historic period can be attributed to increased complexity of semiconductor designs, demand for faster time-to-market in semiconductor development, growth in consumer electronics and mobile devices, rise in outsourcing of semiconductor design activities, need for cost-effective design solutions.

The semiconductor intellectual property market size is expected to see rapid growth in the next few years. It will grow to $11.11 billion in 2028 at a compound annual growth rate (CAGR) of 11.0%. The growth in the forecast period can be attributed to continued growth in the automotive semiconductor, increased demand for custom semiconductor solutions, integration of semiconductor ip in edge computing devices, increasing demand for advanced system-on-chip (soc) designs, decreasing design and manufacturing costs. Major trends in the forecast period include expansion of artificial intelligence and machine learning applications, adoption of 5g technology and iot devices, collaboration and partnerships between ip providers and semiconductor companies, growing focus on ip solutions for quantum computing and neuromorphic chips, rise in the use of risc-v architecture for open-source ip.

Market Overview -
Semiconductor IP refers to a piece of design that is a reusable unit of logic or functionality or a layout of a design that is developed with the idea of licensing it to many vendors for using it as a building block in different chip designs. There is a license fee for its usage or royalty for every device made using that piece of IP. Semiconductor IP helps to provide integrated circuit layout design that is the intellectual property of its creator or party.

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Surge In Connected Devices Fuels Growth Of Semiconductor Ip Market
The growing adoption of connected devices is expected to contribute to the growth of the semiconductor IP market in the forecast period. Physical objects that can communicate with one another and other systems over the internet are referred to as connected devices. Internet of Things (IoT) is generally referred to as connected devices. These are physical objects that connect with other devices through the internet or various ways such as WiFi, NFC, Bluetooth, mobile networks. IoT devices are manufactured using electronics such as semiconductors, microprocessors, and other chips. According to Norton, a US-based antivirus and anti-malware software developing company estimates that in 2021 there are around 11.6 billion IoT devices used, and it will grow to 21 billion IoT devices by 2025. The growing adoption of connected devices or IoT devices will drive the semiconductor IP market.

Competitive Landscape -
Major companies operating in the semiconductor intellectual property market report are Arm Holdings plc, Synopsys Inc., Cadence Design Systems Inc., Ceva Inc., Imagination Technologies Group plc, eMemory Technology Incorporated, Rambus Inc., Mentor Graphics Corp., Faraday Technology Corp., Lattice Semiconductor Corp., Achronix Semiconductor Corp., Dolphin Integration SA, Open-Silicon Inc., Xilinx Inc., Sonics Inc., Fujitsu Ltd., MediaTek Inc., VeriSilicon Holdings Co. Ltd., Wave computing Inc., Silvaco Inc., Intel Corp., Arm Limited, eMemory Technology Inc., Kilopass Technology Inc., M31 Technology Corporation, Open Five Inc., TransPacket AS, Andes Technology Corporation, Arasan Chip Systems Inc., LTIMindtree Limited

New Technology Launches Drive Innovation In Semiconductor Ip Market
New technology launches are a key trend gaining popularity in the semiconductor IP market. Key players in the market are focusing on new technological innovations to maintain a comparative advantage over competitors in the industry. For example, in March 2021, Synopsys, Inc. a US-based semiconductor intellectual property developer launched industry's first complete IP solution for the PCI Express® (PCIe®) 6.0 technology that includes controller, PHY and verification IP, enabling early development of PCIe 6.0 system-on-chip (SoC) designs. The new DesignWare IP for PCIe 6.0, based on Synopsys' widely deployed and silicon-proven DesignWare® IP for PCIe 5.0, covers the latest features in the standard specification, including 64 GT/s PAM-4 signalling, FLIT mode, and L0p power state. Synopsys' comprehensive IP solution solves the changing latency, bandwidth, and power-efficiency needs of high-performance computing, artificial intelligence, and storage SoCs.

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Key Segments -
The semiconductor intellectual property market covered in this report is segmented -
1) By Design IP: Processor IP, Interface IP, Memory IP, Other Design IPs
2) By IP Core: Soft Core, Hard Core
3) By Revenue Source: Royalty, Licensing
4) By Industry Vertical: Consumer Electronics, Telecom, Automotive, Healthcare, Other Industry Verticals

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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