According to the new research report “IP design IP (IP processor IP, interface IP, memory IP)†shows that the semiconductor intellectual property market is expected to reach 6.22 trillion U.S. dollars by 2023 and the composite year between 2017 and 2023 The growth rate is 4.87%. The main drivers of this market include the advancement of multi-core technology in the consumer electronics industry, as well as increased demand for modern SoC designs, resulting in market growth and increasing demand for connected devices.
Consumer electronics accounts for the largest share of the semiconductor IP market during the forecast period
The increase in the use of consumer electronics products in various regions is driving the growth of the semiconductor IP market in the consumer electronics industry. In addition, APAC and RoW's consumer electronics market is expected to provide market participants with further growth opportunities as these regions are in an increasing phase. In addition, the Asia Pacific region has a dominant position in the consumer electronics market.
Processor IP accounts for the largest share of the semiconductor IP market during the forecast period
Due to the increasing demand for microprocessors, microcontrollers, digital signal processors, and graphics processing units in various vertical areas, the IP segment of processors accounted for the largest share of the semiconductor IP market in 2016 and is expected to remain within the forecast period. constant. During the forecast period, the growth of this sector was attributed to the increasing use of 5G and high-end vehicles in the telecommunications industry. Due to the increasing use of processors in advanced driver assistance systems (ADAS) and infotainment systems, the processor IP market in the automotive industry is expected to grow at the highest CAGR between 2017 and 2023.
Asia Pacific takes the largest share of the semiconductor IP market during the forecast period
The Asia-Pacific region holds the largest share of the market in 2016 and may hold the largest market share of the semiconductor intellectual property market during the forecast period. The Asia-Pacific region is a major market for consumer electronics, telecommunications and automotive industries. In addition, the region has become a global point of contact for large-scale investment and business development opportunities. In addition, the development of electric vehicles is expected to provide opportunities for the development of China's semiconductor intellectual property market.
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