Global Semiconductor Intellectual Property (IP) Global Semiconductor Intellectual Property (IP) Market was valued US$ 4.91 Bn in 2017 and is e xpected to reach US$ 7.13 Bn by 2026 at a CAGR of 4.77% during the forecast period.
Increasing demand for modern SOC (system on chip) designs, mitigation of the continuously rising c hip design cost and expenditure and growing demand for connected devices are the key factors for gr owth of global semiconductor intellectual property (IP) market. Also advancement in multicore techn ology for consumer electronics sector helps to boost the global market of semiconductor intellectual p roperty (IP) market. Huge projections for the semiconductor IP market because of avionics and aeros pace and defense sectors. Embedded DSP IP and programmable DSP IP segments to have tremendou s growth potential in the coming future provides large amount of opportunities to this market. On the other side of coin constant changes in technology and concern related to Moore’s law hamper the glo bal semiconductor intellectual property (IP) market. The market for memory IP is expected to grow at the highest CAGR because of its benefits such as hi gh switching speed, power efficiency, and their suitability with various consumer electronics and dev ices.