Semiconductor IP Market to Grow at 10.55% CAGR to 2022 Driven by Emerging IoT Ecosystem

The semiconductor IP market expected to witness significant growth in the coming years owing to the emerging IoT ecosystem. The semiconductor IP market is expected to reach $7.01 billion by 2022 from $3.09 billion in 2015, at a CAGR of 10.55% between 2016 and 2022. The advancements in consumer electronics, growing demand for modern SoC chips, mitigation of the continuously rising chip design cost & expenditure, and demand for connected devices are expected to drive the semiconductor IP market during the forecast period. Complete report on semiconductor IP market spread across 232 pages, profiling 13 companies and supported with 85 tables and 69 figures is now available at .

Internet of Things (IoT) likely to have new growth opportunities for semiconductor IP market. The emerging IoT ecosystem is a major area of interest for semiconductor IP players. Over the past two years, they partnered with hardware, networking, and software companies, and a number of industry associations and academic consortiums, to develop formal and informal standards for IoT applications. For instance, AT&T, Cisco, GE, IBM, and Intel cofounded the Industrial Internet Consortium, whose primary goal is to establish interoperability standards across industrial environments so that data about fleets, machines, and facilities can be accessed and shared more reliably.

It is expected that the number of devices connected through IoT would increase from 15 billion in 2015 to around 50 billion devices by 2020. Most of these devices would not be conventional PCs or smartphones but a growing web of interconnected devices such as home appliances, security systems, smart thermostats, smart meters, portable medical devices, health and fitness trackers, smart watches, and many other mobile products. They would be compact in size and low in cost, and some of these devices would operate and communicate autonomously.

The major players in semiconductor IP market include ARM Holdings PLC, Synopsys, Inc., Cadence Design Systems, Inc., Imagination Technologies, Lattice Semiconductor, Ceva, Inc., Rambus, Inc., Mentor Graphics, Ememory Technology, Inc., Sonics, Inc., Vivante Corporation, Atmel Corporation and Renesas Electronics Corp. Priced at $4650 for a single user PDF, Inquire Before Buying on “Semiconductor (Silicon) IP Market by Form Factor (Integrated Circuit IP, SOC IP), Design Architecture (Hard IP, Soft IP), Processor Type (Microprocessor, DSP), Application, Geography and Verification IP - Forecast & Analysis to 2022” research report can be requested at .

On a related note, another research titled Automotive Semiconductor Market Global Forecast to 2022 says, the automotive semiconductor market was valued at USD 32.46 billion in 2015 and is expected to reach USD 48.78 billion by 2022, at a CAGR of 5.8% between 2016 and 2022. North America expected to be the fastest-growing region of the automotive semiconductor market during the forecast period. Companies like NXP Semiconductors N.V. (Netherlands), Rennes’s Electronics Corp. (Japan), Infineon Technologies AG (Germany), STMicroelectronics N.V. (Switzerland), Robert Bosch GmbH (Germany), Texas Instruments, Inc. (U.S.), ON Semiconductor Corp. (U.S.), ROHM Co., Ltd. (Japan), Toshiba Corp. (Japan), and Analog Devices Inc. (U.S.) have been profiled in this 188 pages research report available at .

Explore more reports on Semiconductors market at .

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