The value of the global semiconductor intellectual property (IP) market was US$ 5.9 billion in 2021, and by 2032, the market is projected to grow at a fast CAGR of 6.8% to reach an estimated US$ 12.3 billion in value.
According to the semiconductor intellectual property (IP) industry analysis by Persistence Market Research, demand registered in the market is set to increase at an estimated CAGR of 6.8% from 2022-2032. The report also forecasts that the market reach a valuation of around US$ 6.3 Bn in 2022.
The consumer electronics market has seen significant increase in demand in recent years. Semiconductor IPs are found in a wide range of consumer electronic gadgets, including smartphones, tablets, and other handheld devices. The need for semiconductor IPs has increased because of rising customer demand for better and more advanced smartphones and devices.
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Increasing Demand for Advanced Semiconductor Components in Automotive, Telecommunications, and Data Center Verticals
Companies in the automotive, telecommunications, and data center verticals depend on highly sophisticated, complex electronic systems. In these industries, demand for electronic and semiconductor components is increasing, which has created the need for an inventive design solution for chip manufacturing. Applications of microcontroller units, microprocessors, integrated circuits (ICs), sensors, memory, and interfaces are rising in autonomous and premium cars.
With increasing importance of connected care, electronic mobility, and vehicle connectivity, demand for small gadgets with high functionality and performance enhancements is estimated to increase in the automotive industry, which will create an opportunistic environment for major players functioning in the semiconductor intellectual property market.
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Key Takeaways from Market Study
- By design IP, the Graphics IP (GPU IP) segment is anticipated to account for a leading share in global demand for semiconductor intellectual property during the forecast period (2022-2032).
- By IP source, the licensing segment is estimated to grow 1.9X during the forecast period.
- East Asia is dominating the global semiconductor intellectual property market, followed by North America, in 2022. The South Asia & Pacific market is estimated to expand the fastest over the forecast period.
- The market in the U.S. is expected to progress at a CAGR of around 8.4% through 2032.
- In India, the semiconductor intellectual property market is expected to grow 2.5X by 2032.
- The Semiconductor IP market in China is estimated to witness an absolute opportunity of US$ 400 Mn over the next ten years.
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