The Asia-Pacific semiconductor (silicon) intellectual property (IP) market is expected to grow at a projected CAGR of 13.1% during the forecast period of 2017 – 2022
Asia Pacific is the biggest market for semiconductor IP. The leading markets are China, India, Japan, South Korea, Taiwan and Singapore. This region is an electronics hub with millions of electronic devices being made every year for consumption in the region itself and also for exporting to other places. The electronics market is increasing year by year and so will the semiconductor IP market grow to keep up with the growth in the electronics industry.
The IP blocks are combined to create Application Specific Integrated Circuits (ASICs), System on-Chip (SoCs) and Application Specific Standard Products (ASSPs). These in turn are used to make chips for televisions, mobile phones, MP3 players, automobiles etc. It is a key market for the huge electronics industry. The semiconductor IP will help the electronics firm to increase their revenue and not waste time on designing the whole circuit every time.
Many of the best known IP cores are soft microprocessor designs. The IP core developers and licensors range in size from individuals to multi-billionaire corporations. The developers as well as their chip making customers are located throughout the world.
The Silicon IP industry is fairly new but has a stable growth. The most successful companies include ARM Ltd., Rambus Inc., Synopsys Inc., Motorola Mobility and more.
DRIVERS: The reducing manufacturing and design costs and the intense growth in electronics industry are the drivers of the semiconductor (silicon) IP market. The new technological developments and the increasing usage of various technologically forward devices also have a major role in driving the market demand for semiconductor IP market.
RESTRAINTS: The continuous changes in the development or functionality of chips might lead the market to a dead end and hence, for this multiple precautions need to be taken. Upgrading the equipment on a timely basis is what the focus of this market should be.
Source: PRNewswire
