- It will grow at a CAGR of 7.5 per cent from 2019 to 2026
- Increasing production of mobile devices, growing adoption of connected devices, and advancement in multicore technology are boosting the growth of this market
The global semiconductor intellectual property (IP) market is expected to reach $8.81 billion by 2026 as per a report by ResearchAndMarkets. It will grow at a CAGR of 7.5 per cent from 2019 to 2026.
The report said that a semiconductor intellectual property (IP) is defined as a unit of logic, cell, or chip layout design that can be reused by the creator party. Intellectual property in a semiconductor is normally developed with the idea of licensing to multiple vendors for using as building blocks in different chip designs.
Royalty segment is going to have a lucrative growth during the forecast period
Increasing production of mobile devices, growing adoption of connected devices, and advancement in multicore technology are boosting the growth of this market.
Based on the IP source, the royalty segment is going to have a lucrative growth during the forecast period. This is due to changes in technologies where manufacturers can decide on the number of products to be made and pay a royalty for only those products.
