Europe Semiconductor IP Market Trends and Innovations: An Assessment of Emerging Technologies and Applications

 


Industry Analysis

Europe semiconductor IP market is expected to gain significant growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyzes that the market is growing with the CAGR of 5.5% in the forecast period of 2022 to 2029 and expected to reach USD 1,501,248.16 thousand by 2029. Increase in the requirement of semiconductor IP in automotive manufacturing industries is expected to drive the growth of the market.


Market Insights and Scope

Semiconductors IP (intellectual property) is a reusable unit of cell or functionality or design layout or logic, which is developed for the licensing of semiconductors to multiple vendors for utilizing it as a building block for different chip designs. Nowadays, IC designs are getting more and more complicated including system on Chip/SOC designs into a single chip. Thus, the pre-designed IP has become more important for standardization of chip manufacturing process.

Increasing demand for connected devices is the major driving factor in the market growth. Inadequate supply of silicon material can prove to be a challenge, however, increasing use of semiconductors in defense sector can prove to be an opportunity. The restraint is semiconductor IP theft that are illegal but are still performed by some people.



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