The global semiconductor IP market was USD 5.4 billion in 2020 and is anticipated to reach USD 8.1 billion by 2027, registering a CAGR of 5.4% during the forecast period 2021-2027. Semiconductor intellectual property (SIP) is used in interconnects, processors, peripherals, and memory drives. Development in multicore technology for the consumer electronics sector, rising demand for modern SOC designs, innovation in multicore technology, mitigation of continuously increasing chip design cost and expenditure, rising adoption of connected devices for daily use, rising demand for electronics in the healthcare industry during COVID-19 outbreak, and rising adoption of teleconference instruments amidst COVID-19 outbreak are the factors that propel the growth of semiconductor IP market

The rising adoption of connected devices for everyday use such as smartphones, wearables, connected vehicles, and smart home systems, resulted in the integration of power electronics and leads to the growth of the semiconductor IP market. Furthermore, the rising demand for modern system on chip (SoC) design, decrease in manufacturing and design cost, mounting demand for consumer electronics, will accelerate the growth of the semiconductor IP market.

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Asia-Pacific is anticipated to be the largest growing region in the semiconductor IP market owing to massive investment, low labor cost, and mounting need for consumer electronics products in the region. Furthermore, the manufacturing of developed electronic devices with features such as swift processing speed, better storage capacity, wireless communication, and are RF-enabled will accelerate the growth of the semiconductor IP market in the region.

Faraday Technology Corporation had announced its LPDDR4 and LPDDR4X combo PHY IP up to 4.2Gbps, which is currently available in Samsung’s 14nm LPC process. The highly compact design provides extra flexibility with two hardened configurations supporting both in-line rectangular and corner-edge placement.

Arm Limited launched Physical and POP IP Platform on Samsung Foundry 5nm Technology. Furthermore, Arm and Samsung Foundry engaged in developing Arm solutions compatible with Samsung's advanced production methods to fulfill the market's increasing demands.

Some of the key players operating in the semiconductor IP market: Arm Limited, Synopsys, Inc., Cadence Design Systems, Inc., CEVA, Inc., Imagination Technologies Limited, VeriSilicon, eMemory Technology Inc., Rambus.com, FARADAY TECHNOLOGY, and DREAM CHIP TECHNOLOGIES.

Source: VynZ Research