Semiconductor Intellectual Property (IP) Market by Design IP, IP Core, IP Source, End User, Vertical | COVID-19 Impact Analysis | MarketsandMarkets

The global semiconductor IP market is estimated to be USD 5.6 billion in 2020 and projected to reach USD 7.3 billion by 2025; at a CAGR of 5.5%. Key factors fueling the growth of this market include the advancement in multicore technology for the consumer electronics industry, increasing demand for modern SoC (system on chip) designs, mitigation of the continuously rising chip design cost and expenditure, growing adoption of connected devices for daily use, increasing demand for electronics from healthcare industry due to COVID-19, and increasing demand for teleconference instruments amid the COVID-19 pandemic.

COVID-19 Impact on the Global Semiconductor IP Market

The semiconductor IP market includes key companies such as Arm Holdings, Synopsys, Cadence, CEVA, Imagination Technologies, Rambus, eMemory, Mentor Graphics, and Lattice Semiconductor. These companies have their design and fabrication facilities and corporate offices spread across various countries across Asia Pacific, Europe, Americas, and RoW. The semiconductor IP solutions designed by these companies are licensed by several industries for various applications. COVID-19 not only impacted the operations of the various semiconductor companies, but also affected the businesses of their partners and distributers. The slow demand for consumer electronics and other embedded devices due to lockdown measures had a global impact on the market. The fall in the global demand and export shipments for automotive vehicles as compared to pre COVID-19 levels is also expected to negatively impact the automotive components market and eventually, stagnant the demand for semiconductor IP.

Soft core segment for semiconductor IP is expected to witness higher CAGR growth during the forecast period

The soft core segment of the semiconductor IP market is expected to register higher CAGR growth during the forecast period by IP core. The demand for soft IP core is growing due to its high affordability as a result of low cost or free of cost sourcing of IP design due to easy and flexible implementation. Moreover, the soft IP cores are relatively easy to implement on specific architectures when compared to hardcore IP. These factors have boosted the market growth of soft IP core, globally, in various industries.

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Key Market Players

The semiconductor IP market is dominated by a few globally established players such as Arm Holdings (UK), Synopsys (US), Cadence (US), CEVA (US), and Imagination Technologies (UK).

These companies have adopted both organic and inorganic growth strategies such as product launches and developments, partnerships, collaborations, contracts, expansions, and acquisitions to strengthen their position in the market.

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