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