Research: Semiconductor IP Market Growth will soar by 2024

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According to a new report by Zion Market Research, Global Semiconductor IP Market growth is increased
by use of the electronic devices such as tablets and smartphones.

Global Semiconductor IP Market: Overview

Semiconductor IP is the basic part of the electronic design and automation (EDA) process. It supports IT developers and design engineers design new chips. Semiconductor IP blocks are used as a substitute of the miniaturization of electronic product; it helps to reduce entire production cost. However, increasing complexity in the semiconductor chip led to the emergence of semiconductor IP. IP rights remain with the company that design chip; however, licensed can be an issued to other company. The design layout of the chip is also referred as IP core or building blocks.

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Global Semiconductor IP Market: Segmentation

The global semiconductor IP market is categorized based on form factor as Integrated circuit IP and SoC IP. The integrated circuit IP is further sub-segmented as digital IC IP, general purpose IC IP, interfaces IP, programmable IC IP, data converter IC IP, analog and mixed signal IC IP, application specific IC IP, and memory IC IP. The SoC IP is also further sub-segmented as SoC analog and mixed-signal IP, SoC processor IP, SoC interface IP, SoC programmable IP, SoC data converter IP, SoC ASIC IP, SoC memory IP, SoC digital IP. Based on processor type, the global semiconductor IP market is bifurcated as digital signal processor IP, microprocessor IP, DSP programmable IP, graphics processor IP, application processor IP, DSP application-specific IP, and DSP Core IP. Moreover, the application segment is divided as mobile & tablets, networking technologies, security, computer & peripherals, automotive, telecom infrastructure, and home entertainment. Furthermore, the global semiconductor IP market on the basis of design architecture is fragmented as soft IP and hard IP.

Global Semiconductor IP Market: Growth Factors

The major growth factor of the global semiconductor IP market is increasing production of mobile devices. Currently, use of the electronic devices such as tablets and smartphones has increased; this is anticipated to foster the global market growth. Emerging need for advanced and innovative products will lead to original equipment manufacturers to integrate advanced technologies and offer a product with the advance feature. These features include better storage capacity, larger displays, swift processing speed, and higher resolution; this shows witness growth in the future. The introduction of the advanced functions increases the complexity of mobile system on chip (SOC). Hence, SOC designers use semiconductor IP cores from third-party providers in order to reduce the risk associated with it may enhance the global semiconductor IP market growth.

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Global Semiconductor IP Market: Regional Analysis

North America is the dominating region in the global semiconductor IP market; it is expected to continue this trend in next few years as it is the major revenue contributor for semiconductor IP. Moreover, the technological boom in Silicon Valley and the emergence of new small and large-scale vendors in the U.S. also boost the global semiconductor IP market. However, favorable government policies and stable economy in Asia Pacific are anticipated to propel the growth in the global market. Furthermore, increasing adoption of the electronics devices will drive the global semiconductor IP market growth.

Global Semiconductor IP Market: Competitive Players

Major players in the global semiconductor IP market include Rambus, Cadence Design Systems, Lattice Semiconductor, Synopsys, VeriSilicon, Imagination Technologies, eMemory, ARM, Ceva, and Sonics.

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