Semiconductor IP Market Expected to Reach $14.6 Billion, Globally, By 2032 at 8.3% CAGR: Allied Market Research
Prime Determinants of Growth
The semiconductor IP market is expected to witness notable growth owing to an increase in adoption of wireless technology-based devices, rise in demand for modern system-on-chip (soc) design, and growing adoption of IoT and AI applications. Moreover, the surge in demand for consumer electronics and technological advancement are expected to provide lucrative opportunities for the growth of the market during the forecast period. However, intellectual property (IP) security concerns limit the growth of the semiconductor IP market.
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The Processor IP segment to maintain its leadership status during the forecast period.
By design IP, the processor IP segment held the highest market share in 2022, accounting for more than two-fifth of the global semiconductor IP industry revenue and is estimated to maintain its leadership status during the forecast period, owing to rise in AI and edge computing applications. However, the memory IP segment is projected to attain the highest CAGR of 9.58% from 2023 to 2032 due to an increase in demand for this device in the automobile sector.
The Royalty segment to maintain its leadership status during the forecast period.
By IP source, the royalty segment held the highest market share in 2022, accounting for more than half of the global semiconductor IP market revenue and is estimated to maintain its leadership status during the forecast period, owing to increase in emphasis on complex and specialized IP blocks for applications such as artificial intelligence, edge computing, and high- performance computing. However, the licensing segment is projected to attain the highest CAGR of 8.94% from 2023 to 2032.
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The Hard IP segment to maintain its leadership status during the forecast period.
By IP core, the hard IP segment held the highest market share in 2022, accounting for nearly three-fifth of the global semiconductor IP market revenue and is estimated to maintain its leadership status during the forecast period, owing increase in need for high-performance computing solutions, propelled by applications such as artificial intelligence, data centers, and scientific computing.
The Others segment to maintain its leadership status during the forecast period.
By application, the others segment held the highest market share in 2022, accounting for nearly one-third of the global semiconductor IP market revenue and is estimated to maintain its leadership status during the forecast period, owing to increase in demand for wearable health technology adoption and the growing emphasis on personalized medicine. However, the automotive segment is projected to manifest the highest CAGR of 9.73% from 2023 to 2032.
North America to maintain its dominance by 2032.
Region-wise, North America held the highest market share in terms of revenue in 2022, accounting for more than two-fifths of the global semiconductor IP market revenue, owing to the proliferation of smart technologies and integration of semiconductor IPs in automotive applications such as ADAS and electric vehicles, which are fueling the growth of the market in this region.
Key Industry Development:
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Leading Market Players:
The report provides a detailed analysis of these key players of the global Semiconductor IP market. These players have adopted different strategies such as product launch, product development, partnership, investment, acquisition, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
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