Market Research Report
Global Semiconductor Intellectual Property (IP) Market - Study of COVID-19 Impact (Impact Categorized by Design IP, End User, Verticals, and Region) - Size, Share, and Predictions from 2021-2027
|Published by||AnalystView Market Insights||Product code||999608|
|Published||Content info||360 Pages
Delivery time: 2-3 business days
|Global Semiconductor Intellectual Property (IP) Market - Study of COVID-19 Impact (Impact Categorized by Design IP, End User, Verticals, and Region) - Size, Share, and Predictions from 2021-2027|
|Published: April 1, 2021||Content info: 360 Pages||
By 2019, the value of the Global Semiconductor Intellectual Property (IP) market was estimated at USD 5.47 Billion, with a growth of 6.1% CAGR during the estimated timeframe, 2021-2027.
A unit of logic, cell, or chip layout design that the creator party can reuse is called a semiconductor intellectual property (IP). Connected equipment is interconnected to other networks through multiple communication protocols, such as Wi-Fi, NFC, and Bluetooth. These devices are equipped with smart transmitters and receivers that sense relevant signals and consequently send data on demand. Over the past three years, semiconductor players have linked forces with hardware, networking, and software organizations. They have also associated with several industry associations and academic consortia to create formal and informal norms for IoT applications. Over the past few years, there has been a rise in the adoption of connected devices like smartphones, wearables, connected vehicles, and smart home systems for daily use. The combination of power electronics in these devices is anticipated to fuel the semiconductor IP market growth globally. The demand for high performance with less power consumption abilities will further enhance the market demand in the future.
Some striking factors such as increasing demand for modern SoC (system on chip) designs, growing progression in multicore technology for the electronics industry, mitigation of the chip design cost and expenditure, a consistent increase in demand for electronics from the healthcare industry owing to COVID-19, increasing adoption of connected devices for daily use, and growing demand for teleconference instruments between the COVID-19 pandemic is propelling the Semiconductor Intellectual Property (IP) Market development.
The scope of this report encompasses the market by its most significant segments, which include the following: