NEW YORK, Sept. 07, 2022 (GLOBE NEWSWIRE) — Kenneth Research has an in-depth market report on the “Global Semiconductor Intellectual Property (IP) Market“ for the forecast period i.e. 2022-2031, which includes the following factors:
- Market growth over the forecast period
- Detailed regional summary
- market segmentation
- growth accelerator
- challenges
- Key market players and their detailed profiling
Global Semiconductor Intellectual Property (IP) Market Size:
The global semiconductor intellectual property (IP) market is forecast to reach around US$12 billion in revenue by 2031 and grow at a CAGR of ~6% over the forecast period. The market expansion is attributed to the increasing use of semiconductors (IP) in consumer electronics such as televisions, smartphones, wearable devices and other items. In 2021, for example, around 540 million televisions were sold worldwide. There is an increased need for semiconductor IPs due to the growing consumer demand for better and more sophisticated smartphones and devices. By 2023, the wearables market is expected to ship nearly 500 million units, an increase of over 80% from shipments recorded in 2020.
Get a sample PDF of this report @ https://www.kennethresearch.com/sample-request-10070796
Global Semiconductor Intellectual Property (IP) Market: Key Insights
- The Asia Pacific region acquires a significant portion of sales
- The processor IP segment to affect the revenue chart
- The automotive segment maintains its prominent position in end-user segmentation
Growing number of smartphone and internet users drives market expansion
The industry’s expansion is being accelerated by the widespread use of multi-core technology in consumer gadgets. Dual-core or quad-core CPUs in smartphones, laptops, and tablets require extremely effective SIPs to ensure efficient operation. Accordingly, the market is growing due to the growing need for contemporary system-on-chip (SOC) designs and the integration of…
