Semiconductor IP Companies | Forecast by 2033

08 Sep 2024

Table of Content

1. Semiconductor IP Market Growth, Trends and Report Highlights 2. Market Overview 3. Market Potential & Growth Opportunity 4. Regional Insights 5. Semiconductor IP Market Highlights 6. Market News

Semiconductor IP Market Growth, Trends and Report Highlights

The global semiconductor IP market was exhibited at USD 6.94 billion in 2023 and is anticipated to touch around USD 15.72 billion by 2033, poised to grow at a CAGR of 8.52% during the forecast period. The adoption of the semiconductor intellectual property market is rising due to the demand to accelerate the design process, ensuring higher reliability and significantly lower development costs.

Market Overview

Semiconductor IP (intellectual property) is a foundational element used in the design of simple functional blocks, algorithm logics, system-on-chip (SoC) and integrated circuits (ICs) which consolidate entire processors, memory units and interfaces. Semiconductor IP enables companies to innovate rapidly and maintain a competitive edge.

The semiconductor intellectual property market consists of particular specifications, source codes, and information necessary for manufacturing. The licensed semiconductor IP is used in many industries, such as:

• Automotive: Semiconductor IP develops advanced features like autonomous driving capability, advanced driver-assistance systems (ADAS), and infotainment systems. AI is integrated for radar and sensor combination applications, handling camera and lidar.
• Industrial: It is used for automation and efficiency of manufacturing and processes such as robotics.
• Consumer electronics: This is used in the development of smartphones, PCs, and home smart appliances. The demand in this field is significantly increasing in memory and processing technologies.
• Medical: Used in cutting-edge medical devices such as MRI machines, pacemakers, insulin pumps, and digital thermometers. Along with this it also supports the development of diagnostic equipment and wearable health monitors.
• Aerospace and defence: The application of semiconductor IP is used for advanced avionics and military systems, such as navigation systems, radar, communication systems, surveillance systems and enhancing capabilities and security.

Semiconductor Intellectual Property Market Emerging Trends

• System-on-Chip: The demand for integration of system-on-chip design is driving the semiconductor intellectual property market to increase. The integration of multiple functions into a single chip, instead of using separate components attached to a motherboard, is done in traditional electronics design.
• Technological developments: AI and Machine Learning are technologies that are revolutionizing the semiconductor intellectual property market by optimizing design processes, improving performance, and reducing time-to-market. IP core enables efficient AI algorithms and power efficiency in smartphones and autonomous vehicles. Moreover, open-source IP hardware movement, like RISC-V, is gaining attention, offering flexibility and reducing licensing costs. Industrial companies are integrating RISC-V to customize the instruction set for specific requirements.
• Newer features: There is a growing market for IP that incorporates power supply management features for wireless applications. The miniature technology in semiconductor devices increases the demand for IPs that fit more circuitry in a single chip.

Increase in Demand for Healthcare Wearables in the Semiconductor Intellectual Property Market

The rising demand for new and advanced medical equipment to perform analysis and diagnosis in the medical industry is increasing the semiconductor intellectual property market. It plays a crucial role in the healthcare industry by enabling the development of advanced medical devices and systems, such as semiconductor IP used in MRI, CT, and PET scanners, improving image quality and diagnostic accuracy.

Smartwatches and fitness trackers are wearable devices that consist of semiconductor IPs for monitoring vitals like heart rate and blood oxygen level. Semiconductor IP is used in implantable devices like pacemakers and insulin pumps for precise control and long-term reliability. Portable diagnostic is a modern technology for monitoring blood glucose and other tests for quick and accurate results.

However, the increasing complexity of SoC designs is surpassing the capabilities of systems engineering due to rising design intricacy and the demanding market. Each new semiconductor version is more complex than its predecessor, and intense customer demands further accelerate timelines. To tackle these challenges, it's important to choose the right semiconductor solutions for managing IP throughout its lifecycle, ensuring security, enabling traceability, and maintaining functional safety.

Top Companies in the Semiconductor Intellectual Property Market

• Arm Holdings Ltd.
• Synopsys Inc.
• Cadence Design Systems, Inc.
• Imagination Technologies Ltd
• Rambus Inc
• CEVA Inc.
• Fujitsu
• Lattice Semiconductor Corporation
• Qualcomm
• Nvidia
• eMemory Technology, Inc.
• Silicon Storage Technology, Inc.
• VeriSilicon Microelectronics Co., Ltd

Recent Development in VeriSilicon Microelectronics Co., Ltd

Recent Development in Nvidia & Synopsys Inc.

Market Potential & Growth Opportunity

Semiconductor IP is still a growing technology, and its growth is endless. The semiconductor intellectual property market is expected to boost due to a rise in demand for automation and IP core products in consumer electronics. Advancements in technology are expected to be noticed. The emerging marketing is growing the demand for semiconductor IP. The emerging sectors are automotive, electronics, industrial automation, robotics, and smart infrastructure. These markets require an application-specific IP for functional safety, reliability, and power efficiency. An advancement in security and consolidation will be witnessed.

Regional Insights

Asia Pacific is expected to dominate the semiconductor IP market in the coming years. The existence of electronic devices, the manufacturers, and the export market of electric appliances drive the growth of the market. Increased use of consumer electronic products is the primary reason for the growth of the market. Countries like China, Japan, South Korea, and Taiwan are among the largest markets for semiconductor IP in Asia Pacific, and these countries are expected to grow continuously at a significant rate for the market in the coming years.

North America held a significant share of the semiconductor IP market in 2023. With a high concentration of technology companies and research institutions, combined with the escalating demand for cutting-edge technologies in sectors like consumer electronics and automotive, as well as the increasing need for semiconductor IP solutions in emerging technologies such as the Internet of Things (IoT) and wearable devices, the U.S. semiconductor intellectual property market maintained the largest market share. Additionally, the Canadian market emerged as a prominent presence in North America.

Semiconductor IP Market Highlights

Market News

• In August 2024, Akeana™ launched its comprehensive RISC-V processor IP portfolio, backed by Kleiner Perkins, Mayfield, and Fidelity Ventures. Their customizable IP suite includes microcontrollers, AI vector cores, and compute clusters, challenging industry giants like Arm. Akeana aims to set new performance standards with equitable licensing options.
• In June 2024, Morphing Machines, a fabless semiconductor startup, raised USD 2.76 million in seed funding led by Speciale Invest. The funding will accelerate product development, expand the engineering team, and support go-to-market initiatives. The company aims to democratize semiconductor design, making high-performance, custom silicon accessible and affordable globally.

Market Segmentation

By Design IP

• Interface IP
• Memory IP
• Memory IP
• Other

By IP Source

• Royalty
• Licensing

By IP Core

• Soft IP Core
• Hard IP Core

By End-user

• Foundry
• Integrated Device Manufacturer (IDM)
• Others

By Interface Type

• DDR
• USB
• PCLe
• MIPI
• Ethernet
• Die-to-die & SerDes
• HDMI
• SATA
• Others

By Vertical

• Telecommunications & Data Centers
• Consumer Electronics
• Industrial
• Commercialtevhach Boll
• Automotive
• Other

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