According to a new research report titled "Semiconductor IP (IP Processor, Interface IP, Memory IP)", the global semiconductor intellectual property market is projected to reach $6.22 trillion by 2023. The compound annual growth rate (CAGR) between 2017 and 2023 is expected to be 4.87%. This growth is primarily driven by advancements in multi-core technologies within the consumer electronics sector, as well as rising demand for sophisticated System-on-Chip (SoC) designs. These trends are fueling the expansion of the connected device ecosystem.
Consumer electronics remains the largest segment in the semiconductor IP market throughout the forecast period. The widespread adoption of consumer electronics across different regions is significantly contributing to market growth. Particularly, the Asia-Pacific (APAC) and Rest-of-the-World (RoW) markets are anticipated to offer substantial growth opportunities as they continue to expand. Notably, the Asia-Pacific region already holds a dominant position in the consumer electronics industry.
Processor IP continues to lead the semiconductor IP market. The growing demand for microprocessors, microcontrollers, digital signal processors, and graphics processing units across various industries has made processor IP the largest segment in 2016 and is expected to maintain its leadership throughout the forecast period. The rise in 5G adoption and high-end vehicle production in the telecommunications sector is also boosting this segment. In the automotive industry, the increasing integration of processors in Advanced Driver Assistance Systems (ADAS) and infotainment systems is expected to drive the highest CAGR for processor IP between 2017 and 2023.
The Asia-Pacific region is expected to maintain the largest share of the semiconductor IP market during the forecast period. It was the leading market in 2016 and is likely to remain so. This region is a key player in consumer electronics, telecommunications, and automotive sectors. Additionally, it has become a major hub for large-scale investments and business opportunities. The development of electric vehicles is also expected to create new growth avenues for the semiconductor IP market in China.
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