According to a new market research report published by Transparency Market Research titles ‘Semiconductor Intellectual Property Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018 – 2026,’ the global semiconductor intellectual property market
is expected to reach US$ 9,437.8 Mn by 2026. The market is anticipated
to expand at a CAGR of 8.8% during the period from 2018 to 2026.
Increase in demand for licensed semiconductor devices due to high
competition is driving the global semiconductor intellectual property
market.
Rise in demand for reduced manufacturing
and design costs of semiconductor components present in end-products has
resulted in the expansion of the semiconductor intellectual property
market. In addition, adoption of modern system on chips (SOC) designs
are driving the semiconductor intellectual property market. Moreover,
rise in demand for semiconductor intellectual property to design
exclusive products in the consumer electronics application is expected
to drive the adoption of semiconductor intellectual property cores.
Detection of patented technologies is
considered to be difficult due to the violation encountered during
licensing of technology. This factor is expected to have a high negative
impact in the short term of the forecast period. This has prompted
organizations to change their long-term licensing contracts to
medium-term and short-term ones. These factors are anticipated to
restrict the market growth during the forecast period.
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The soft IP core segment held a share of
61.1% of the global semiconductor intellectual property market in 2018.
This is the result of the increased adoption of soft IP cores such as
net list and synthesizable cores in multiple applications to optimize
the quality of used hardware. The soft IP core segment is expected to
expand at a CAGR of 9.5% during the forecast period. This is due to an
increase in demand for hard IP in the automotive industry. Automotive is
anticipated to be a rapidly expanding segment. It is expected to expand
at a CAGR of 9.8% during the forecast period. This is due to rise in
demand for hard IP cores and soft IP cores from the automotive sector.
Moreover, the consumer electronics segment accounted for a significant
market share of approximately 42.1% in 2018.
The health care segment is expected to
see improved demand for semiconductor intellectual property services due
to the demand for manufacturing of advanced devices consisting of
multicore technologies for medical processes. This has led to the
adoption of semiconductor intellectual property services in the health
care industry. The telecommunication segment is also estimated to hold a
significant market share in 2018.
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