Semiconductor IP market worth $7.01B by 2022

The semiconductor IP market is expected to reach $7.01 billion USD by 2022 from USD 3.09 Billion in 2015, at a CAGR of 10.55% between 2016 and 2022, according to the newly released report “Semiconductor (Silicon) IP Market by Form Factor (Integrated Circuit IP, SOC IP), Design Architecture (Hard IP, Soft IP), Processor Type (Microprocessor, DSP), Application, Geography and Verification IP - Forecast & Analysis to 2022″, published by MarketsandMarkets.

The driving factors for the growth of this market include increasing demand for advanced SoCs in the consumer sector, increased funding from governments and investors, emerging IoT ecosystem, recovering automotive sector, and growing popularity of miniaturized devices.

SoC IP had the largest market in 2015

Increase in the demand of smarter and power-efficient electronic devices, demand for multi-core technologies and embedded graphics are the major driving factors for the SoC market. SoCs are being utilized by all smart devices currently, such as smart phones, communication equipment, next-gen automotive, and electrocardiogram (ECG) telemetry devices. The increasing demand for energy efficient devices has led to development of newer SoCs which are more compact in size, faster response time than their predecessors and even consumes much lesser power. Moreover, the increased demand for multi-core technologies and embedded graphics has led to development of advanced SoCs.

Embedded processor IP devices expected to led the semiconductor processor IP market during the forecast period

Increasing demand for pervasive M2M (machine-to-machine) connectivity and a rich user experience across industries has spurred new opportunities for growth in both traditional and emerging embedded processor market. Emerging multi-core processors such as quad-core and octa-core for enhanced real-time experience in smart consumer electronics such as smartphones and smart wearables is expected to drive the embedded processor IP market.

The mobile & tablets segment expected to dominate the semiconductor IP market during the forecast period

A Strong consumer demand for smartphones, tablets, and other mobile devices is fueling significant growth within the semiconductor industry, and the rush to develop differentiated and powerful mobile solutions is driving rapid change within the entire ecosystem. Mobile phones and tablets have become the necessity of every individual which has increased the demand for the same; this is expected to drive the semiconductor IP market. Key players in the market such as Synopsys (U.S.), ARM (U.K.), and Rambus (U.S.) design chips exclusively to cater this application sector because of its growth potential.

The market in APAC expected to grow at the highest CAGR during the forecast period 

APAC is expected to hold the largest share of the semiconductor IP market by 2022. The major reasons for this are the governments in ChinaTaiwan, and Japan are actively attempting to boost the domestic semiconductor market and assist local companies in expanding their business globally; Chinese consumers and companies are becoming increasingly important to the growth of the global semiconductor market; increased funding from both government and private sources, is leading to merger, acquisition, investment, and partnership opportunities worldwide.

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