Global Semiconductor IP Market Is Estimated To Surpass $ 7,103.0 Million By End Of 2027: Coherent Market Insights

• Launch of AI-infused modem chips is also expected to help in growth of market
• Growing electronics is expected to offer lucrative growth opportunities for players in the global semiconductor intellectual property (IP) market

The global semiconductor intellectual property (IP) market is estimated to account for 7,103.0 million in terms of value by the end of 2027 as per a report by Coherent Market Insights. The drivers for this growth include Increasing adoption portable electronics is expected to propel growth of the global semiconductor intellectual property (IP) market over the forecast period. Launch of AI-infused modem chips is also expected to help in growth of market

In modern industrial design, an integrated circuit, semiconductor intellectual property, or IP group is a reusable discrete unit of circuitry, logic, or micro-circuit design that effectively belongs to one party. IP groups can be owned and licensed by a single entity or sold and leased to another. Some semiconductor intellectual property (SIP) contains multiple discrete components. Such components are found in logic gates, buffers, resistors, integrated circuits, modules, programs, reference designs, etc.

Growing electronics is expected to offer lucrative growth opportunities

It said, “A typical integrated circuit product incorporates a number of discrete components. The design of an integrated circuit product is generally a matter of electrical engineering, which includes electrical and physical design as well as the method by which power is supplied to the device. As in other areas of engineering, good design requires good communication between the fabrication shop and the design engineer.”

Growing electronics is expected to offer lucrative growth opportunities for players in the global semiconductor intellectual property (IP) market. For instance, according to India Brand Equity Foundation, the electronics market in India is expected to witness a CAGR of 24.4 per cent during 2012–20. Increasing penetration of internet is also expected to help in growth of the market.