Global Semiconductor IP Market Driven Growth is by Rising Next-Generation Automotive and IoT Applications

Market Overview

The global semiconductor memory IP market is poised to grow continually in the next few years. Market Research Future (MRFR) asserts that by the end of 2023, the global semiconductor memory IP market is estimated to reach USD 3 billion, growing at a 14% CAGR during the review period. MRFR also predicts that the market will expand at a phenomenal CAGR from 2020 to 2027.

Spurring growth in the semiconductor industry is a major driving force behind the market growth. Additional factors bolstering the market shares include the continually rising demand for mobile computing devices, such as smartphones, tablets, and laptops. Augmenting demand for high-bandwidth memory and advanced system-on-chip (SoC) by cloud vendors & data centers substantiate the market shares.

The increasing adoption of IoT offers significant opportunities for the market players. Moreover, stringent government regulations and constantly increasing demand for semiconductor components from the dynamic consumer markets influence the market value. 

Changing performance requirements and upgrades in semiconductor IP continue to foster the market size. Rising uses of connected & wearable devices and developments in sensing technology impact the market growth positively. On the other hand, high technological complexities in developing semiconductor memory IPs are major factors expected to impede market growth.

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Global Semiconductor IP Market- Segmentations

This market is segmented into types, applications, and regions. The type segment is bifurcated into interface IP, processor IP (microprocessors, microcontrollers, and digital signal processors) and memory IP (DRAM, NAND, and SRAM IPs). The application segment is bifurcated into mobile computing devices, consumer electronic devices, networking, industrial automation, automotive, and others. The region segment is bifurcated into the Americas, Asia Pacific, MEA, Europe, and the Rest-of-the-World.

Global Semiconductor IP Market – Regional Analysis 

APAC dominates the global semiconductor IP market, heading with the rapidly growing semiconductor industry in the region. Besides, the large presence of major semiconductor IP manufacturing companies and favorable government policies for manufacturing semiconductor IPs drive market growth. 

The proliferation of IoT fuels the semiconductor memory IP market valuation in this region. Countries such as Japan, China, and South Korea account for sizable shares in the regional market and are expected to witness huge growth over the next few years. 

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Semiconductor IP Market – Competitive Landscape 

Highly competitive, the semiconductor IP market appears fragmented due to the presence of many key players. Strategic partnerships, mergers & acquisitions, collaboration, expansion, and product/ technology remain semiconductor IP market trends to gain a larger competitive share.

Major Players:

Players leading the global semiconductor IP market include Samsung, SK Hynix Inc., Micron Technology Inc., Synopsys, Inc., Cadence Design Systems, Inc., Rambus Inc., Arm Limited, eSilicon Corporation, Dolphin Integration, Mentor, Lattice Semiconductor, Sonics, Inc., Xilinx, Achronix Semiconductor, and Semiconductor Manufacturing International Corp. (SMIC), among others.

Industry/Innovation/ Related News: 

Nov. 19, 2021 — Elmos Semiconductor SE announced a partnership with Arm, a semiconductor IP leader, to gain access to Arm’s Cortex-M IP for its next-generation automotive MCU-based product family. 

The collaboration would enable Elmos to address the unique current and future technology demands from automotive suppliers and vehicle manufacturers. It would also help Elmos deliver innovative products for critical applications, including ADAS and autonomous driving, dynamic lighting and thermal management.

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Semiconductor IP Market, By Application (Automotive, Consumer Electronics, Networking, Industrial Automation), By Type (Microprocessor, Digital Signal Processors), By Memory (DRAM, SRAM, NAND) – Forecast till 2027

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