The global semiconductor intellectual property (IP) market is set to experience significant growth, reaching USD 11.2 billion by 2029 with a CAGR of 8.5% from 2024 to 2029. Key drivers of this growth include expanding embedded digital signal processor (DSP) IP and programmable DSP IP segments, as well as increasing demand for advanced semiconductor components in automotive and telecommunications & data center verticals.
Among the segments, interface IP is expected to show the highest growth rate, driven by the demand for interface protocols like Ethernet, PCIe, and SerDes in various applications such as hyperscalar, data-centric storage, and IoT devices. The telecommunication & data center vertical in the Asia Pacific region is projected to register the highest growth, fueled by emerging trends like 5G, IoT, and edge devices. This growth is expected to create new opportunities for the semiconductor IP market in the region.
In Europe, the UK is anticipated to hold the second-largest market share with strong presence of automotive and industrial manufacturing companies. Key market players in this region include Arm Limited, Imagination Technologies, and ALPHAWAVE SEMI.
Some of the key trends shaping the semiconductor IP industry include advancements in multicore technology, increasing adoption of connected devices, and the rise of vertically integrated system companies. Additionally, technologies like Risc-V processor and AI are expected to drive growth in the semiconductor IP industry.
Case studies showcasing successful implementations of semiconductor IP products by companies like Xconn, Digital Core Design, and Synopsys highlight the importance and impact of IP products in achieving first-pass silicon success and improving performance efficiency.
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