Industrial Automation Magazine India

Semiconductor IP unleashes next-gen tech potential

Published on : Monday 21-08-2023

Future Market Insights (FMI) estimates a valuation of US$ 13.10 billion for the market by 2033.

August 2023 – Future Market Insight forecasts that the global semiconductor intellectual property (IP) market is poised to achieve a noteworthy milestone by 2033, surpassing a substantial valuation of US$ 13.10 billion. With a projected CAGR of 6.7%, this growth trajectory indicates a significant rise from its estimated worth of US$ 6.83 billion in 2023.

The semiconductor IP market is experiencing growth due to the escalating demand for automation and the rapid adoption of IP Core products in the consumer electronics industry. There is an ever-growing demand for cutting-edge electronic devices, such as smartphones, tablets, and wearable gadgets. The utilisation of semiconductor IPs is enhancing the capabilities of IoT products.

The industry is also expanding rapidly because of the increasing prevalence of internet access and the growing utilisation of smart connected devices, which further contribute to market growth. Semiconductor IP provides pre-designed and verified components that help these companies accelerate their product development cycles. Semiconductor IP enables companies to cater to market demands swiftly by leveraging ready-made components.

Developing semiconductor chips from scratch is a challenging process that requires significant time, effort, and investment. Companies strive to shorten their time-to-market and minimize development costs in todays fast-paced industry. Semiconductor IP addresses these challenges by offering pre-designed IP blocks and subsystems.

The semiconductor industry experiences constant advancements in manufacturing technologies, including smaller process nodes and enhanced integration capabilities. These technological breakthroughs present new design challenges that require specialized semiconductor IP solutions. To meet these demands, semiconductor IP providers develop and offer IP solutions optimised for the latest technological advancements.

The semiconductor intellectual property market thrives due to the growth of emerging markets like automotive electronics, industrial automation, robotics, and smart infrastructure. These emerging markets have unique requirements, such as functional safety, reliability, and power efficiency. Semiconductor IP providers meet these demands by offering application-specific IP solutions.

The market growth is also supported by the increasing acceptance of wireless technology-driven devices and the substantial investments made by key players in the development of advanced wireless products. Furthermore, prominent market players are actively investing in the global expansion of wireless technology devices to meet consumer demands. This surge in wireless technology development and investment creates a heightened demand for IP solutions, including silicon-based design IP, interface IP, and processor IP.

Key Takeaways

· The semiconductor intellectual property industry in the United Kingdom is anticipated to rise, exhibiting a CAGR of 5.4% through 2033.

· The United States held a 15.4% share of the global semiconductor intellectual property industry in 2022.

·  With a CAGR of 8.2% over the forecast period, India is predicted to develop rapidly in the semiconductor intellectual property industry.

·  In 2022, Japan had a 3.3% share of the semiconductor intellectual property industry globally.

· The semiconductor intellectual property industry in China is expected to flourish, registering a CAGR of 7.6% over the forecast period.

· Germany accounted for 8.1% of the global semiconductor intellectual property industry in 2022.

Key players are engaged in various activities to maintain their competitiveness and drive innovation. They invest significantly in research and development to create advanced and cutting-edge semiconductor IP solutions. They also focus on strategic partnerships and collaborations with semiconductor manufacturers to integrate their IP into their products. Furthermore, key players continuously enhance their IP portfolios through acquisitions and licensing agreements, ensuring a comprehensive offering of semiconductor IP solutions to meet the diverse needs of the market.