According to a new market research report published by Transparency Market Research titles ‘Semiconductor Intellectual Property Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018 – 2026,’ the global semiconductor intellectual property market is expected to reach US$ 9,437.8 Mn by 2026. The market is anticipated to expand at a CAGR of 8.8% during the period from 2018 to 2026. Increase in demand for licensed semiconductor devices due to high competition is driving the global semiconductor intellectual property market.
Rise in demand for reduced manufacturing and design costs of semiconductor components present in end-products has resulted in the expansion of the semiconductor intellectual property market. In addition, adoption of modern system on chips (SOC) designs are driving the semiconductor intellectual property market. Moreover, rise in demand for semiconductor intellectual property to design exclusive products in the consumer electronics application is expected to drive the adoption of semiconductor intellectual property cores.
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Detection of patented technologies is considered to be difficult due to the violation encountered during licensing of technology. This factor is expected to have a high negative impact in the short term of the forecast period. This has prompted organizations to change their long-term licensing contracts to medium-term and short-term ones. These factors are anticipated to restrict the market growth during the forecast period.
The soft IP core segment held a share of 61.1% of the global semiconductor intellectual property market in 2018. This is the result of the increased adoption of soft IP cores such as net list and synthesizable cores in multiple applications to optimize the quality of used hardware. The soft IP core segment is expected to expand at a CAGR of 9.5% during the forecast period. This is due to an increase in demand for hard IP in the automotive industry. Automotive is anticipated to be a rapidly expanding segment. It is expected to expand at a CAGR of 9.8% during the forecast period. This is due to rise in demand for hard IP cores and soft IP cores from the automotive sector. Moreover, the consumer electronics segment accounted for a significant market share of approximately 42.1% in 2018.