Semiconductor IP market projected to reach $11.2 billion by 2029, driven by demand and partnerships.
From GlobeNewswire:
The semiconductor intellectual property (IP) market is projected to reach USD 11.2 billion by 2029, growing at a CAGR of 8.5%. Key drivers include demand for electronics in healthcare and telecommunications industries, modern SoC designs, and declining costs associated with chip designing. Industry players are using acquisition and partnership tactics to strengthen their market position.
In November 2023, Synopsys, Inc. extended its ARC Processor IP portfolio to include the new RISC-V ARC-V Processor IP, offering flexible, efficient processor options for various applications. Elmos Semiconductor SE announced a partnership with Arm Limited to license IPs for automotive microcontroller unit products. Major companies in the semiconductor IP market include Arm Limited, Synopsys, Inc., and Cadence Design Systems, Inc.
Arm Limited, founded as Advanced RISC Machines Ltd, engages in microprocessor design and provides technology and products to electronic companies, with a focus on AI, IoT, and 5G. The company was acquired by SoftBank Group in 2016. The demand for electronics in healthcare and telecommunications sectors has increased post-pandemic, leading to a surge in demand for medical equipment and monitoring devices. Concerns related to Moore’s Law and IP thefts and counterfeiting in the semiconductor industry pose challenges for market growth. Rising demand for advanced semiconductor components in automotive and telecommunications & data center verticals presents opportunities for innovation in chip manufacturing.
Read more at GlobeNewswire: Semiconductor Intellectual Property (IP) Companies -Arm