Rising Demand for Sustainable Materials Drives Growth in Semiconductor IP Market: A Comprehensive Study
According to Data Bridge Market Research, the global
semiconductor IP market is projected to experience substantial growth between
2022 and 2029. The market is estimated to expand at a Compound Annual Growth
Rate (CAGR) of 6.1% during this period, and is predicted to reach a value
of USD 6,895,660.78 thousand by 2029. The demand for semiconductor IP in
the mining and construction industries is expected to be a key driver for
market growth.
Market Insights and Scope
Semiconductor IP refers to a unit of cell, functionality,
design layout, or logic that can be reused and licensed to multiple
semiconductor vendors as a building block for various chip designs. As IC
designs become increasingly complex, including system-on-chip designs in a
single chip, pre-designed IP has become more crucial for standardizing the chip
manufacturing process.
The growth of the market is primarily driven by the
increasing demand for connected devices. However, the inadequate supply of
silicon material may pose a challenge, while the growing use of semiconductors
in the defense sector presents an opportunity for market growth. The market is
restrained by semiconductor IP theft, which involves various fraud cases
related to semiconductor IP chips and other components.
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