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Market Analysis
The global semiconductor IP market will touch USD 16 billion at a 12.00% CAGR by 2030, as per the recent Market Research Future report.
Key Players
Eminent industry players profiled in the global semiconductor IP market report include
Key players have incorporated an array of strategies to stay head & shoulders above others in the competition such as mergers & acquisitions, partnerships & agreements, new product developments, geographic expansions, to name a few.
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Drivers
Increasing Adoption of AI and IoT Applications to Boost Market Growth
The proliferation of AI and IoT apps will boost the semiconductor IP market growth in the forecast period. IoT devices need specialized semiconductor IP for enabling sensor integration, connectivity, and also lower-power operation. Likewise, AI apps depend on the semiconductor IP for neural network processing, machine learning, and high-performance computing. The rising adoption of AI and IoT technologies across different industries is propelling market growth.
Opportunities
Growing Trend of Health Wearables to offer Robust Opportunities
The growing trend of health wearables will offer lucrative opportunities for the semiconductor IP market in the forecast period. The need for smart bands and smart wearable devices with health tracking features is going up as people are getting more cautious regarding their health and the semiconductor IP is utilized in making such devices.
Restraints and Challenges
High Cost to act as Market Restraint
The high cost of semiconductor IP and the risk of unauthorized use & IP theft may act as market restraints over the forecast period.
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Market Segmentation
The global semiconductor IP market is bifurcated based on type and application.
By application, consumer electronics will lead the market over the forecast period.
By type, microprocessor will domineer the market over the forecast period.
COVID-19 Analysis
The COVID-19 epidemic had a positive effect on the semiconductor IP market for the increase in need for electronics especially from the healthcare sector. Besides the growing demand for the teleconference instruments during the COVID-19 epidemic also had a favorable impact on the market.
Regional Analysis
APAC to Command Semiconductor IP Market
The APAC region will command the semiconductor IP market over the forecast period for the presence of several semiconductor manufacturing companies within the region, growing need for semiconductor IP solutions in the high-growth industries like automotive and consumer electronics, and the burgeoning need for the semiconductor IP solutions in the emerging technologies like wearable devices and IoT. Countries such as Taiwan, South Korea, Japan, & China are amid the biggest markets for the semiconductor IP within the APAC region and such countries are predicted to continue in being noteworthy growth drivers for this market in the years ahead.
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About Market Research Future:
Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis regarding diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.
