- The major reasons for this market growth are the increase in demand for consumer electronics such as MP3 players, digital cameras, cell phones along with increasing use of connected devices
- The growth in the Asia-Pacific region is mainly due to growing urbanisation, increasing population, and rising living standards
The global semiconductor intellectual property (IP) market is anticipated to reach $9.3 billion by 2026 according to new research by Polaris Market Research. It said that in 2018, the consumer electronics segment accounted for the highest semiconductor intellectual property market share in terms of revenue. The report said that Asia-Pacific generated the highest semiconductor intellectual property market share in terms of revenue in 2018, and is expected to lead the global Semiconductor Intellectual Property market throughout the forecast period.
As per the report, the major reasons for this market growth are the increase in demand for consumer electronics such as MP3 players, digital cameras, cell phones along with increasing use of connected devices. It added that the growing demand for modern system on chip (SoC) design and growing need to reduce manufacturing and design cost is also helping in the growth of the market.
The report added, “New emerging markets and emergence of technologies such as embedded and programmable DSP IPs would provide growth opportunities in the Semiconductor Intellectual Property market in the coming years.”
Significant rise in the demand for consumer electronics
The growth in the Asia-Pacific region is mainly due to growing urbanisation, increasing population, and rising living standards. A significant rise in the demand for consumer electronics from countries such as China, India, and Japan, and increasing adoption of connected technologies also help in the growth.
The report said, “The growing automotive industry and increasing penetration of electric vehicles support the semiconductor intellectual property market growth in the region. Modernization of vehicles and development of autonomous vehicles augments the semiconductor intellectual property market growth in the region.”
Soft Semiconductor Intellectual Property is usually offered in a high-level language such as RTL C++ Verilog or VHDL and is generally portable. It is not optimised for specific process technology. The power, performance, and area are not known until it is committed to specific process technology and library. The report said that hard semiconductor intellectual property is usually offered in GDSII format along with an accompanying set of EDA views or models. It is optimised for a specific foundry process. Some examples of hard SIP include processors, standard cells, memories, phase-locked loops, and analog blocks.
