The global semiconductor IP market is poised for high growth over the forecast period owing to the need for improving business processes and organizational productivity. Increased adoption of multi-core technology, coupled with growing design complexity in semiconductor ICs and System on Chip (SoC) is expected to drive the semiconductor IP market. Market participants actively outsource the IP design and development activities that are not core to their product differentiation. Growing trend towards adopting the services of third-party IP vendors and increased IP blocks’ licensing by industry participants are expected to play a pivotal role in the semiconductor IP industry growth.
Semiconductor IP cores are used in diverse application segments such as networking technologies, telecom infrastructure, mobiles & tablets, and computer & peripherals to save crucial design time and expenditure. In addition, these IP cores have penetrated into new application sectors including medical, industrial, defense, automotive, and aerospace to address increasing dependency on sophisticated and complex electronic systems. IP is critical in improving design productivity for advanced level design processes and thereby has considerable potential in the semiconductor market.
North America and Europe are expected to emerge as key revenue generating regions. Asia Pacific is expected to witness high growth, which can be attributed to increased electronics and semiconductor manufacturing in the region.
Proliferation of mobiles and tablets is expected to open up new growth opportunities for the semiconductor IP industry on account of growing demand for dual-core and quad-core processors . The advent of octa-core processors for smart phones is expected to offer new avenues for the global semiconductor IP market.
Key semiconductor IP market participants include Silicon Image, Rambus, Mentor Graphics, Imagination Technologies, CEVA, CAST, Cadence Design Systems, Atmel, ARM, Synopsy, and Altera.
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The exponential spread of COVID-19 worldwide has had an adverse impact on the semiconductor industry with manufacturing facilities temporarily shut, leading to a significant slowdown in the production. The outbreak could result in disruption across the ecosystem with several supply chain participants shifting their production facilities outside China, thereby reducing their over-reliance on China. Lockdowns imposed by the governments in the wake of the Covid-19 outbreak has not only affected manufacturing but also hauled consumer demand for semiconductor devices. Our analysts predict a decline in semiconductor revenue by over 1% in 2020 as compared to that in 2019. The report will account for Covid19 as a key market contributor.
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