The Asia Pacific Semiconductor Intellectual Property (IP) Market would witness market growth of 4.9% CAGR during the forecast period (2021-2027).
IP hardening is a process for providing Intellectual Property or Silicon intellectual property of design cores by reusing proven designs and generating quick time-to-market and low-risk-in-fabrication solutions. For instance, a digital signal processor is made up of soft cores in the RTL format and can be targeted to different technologies or foundries to yield new implementations. IP hardening is a process that starts with a soft core and ends with a re-usable hard drive.
One of the key advantages of hard IP is that it has predictable properties because it has been pre-implemented, while soft cores enable flexibility. It might include a set of simulation models for simulations. The effort to harden soft IP necessitates the use of the target technology's quality, design goals, and methodology. The hard IP has been validated in the intended technology and application, for example, the hard core in GDS II format is considered to clean in Design rule checking and Layout Versus Schematic.
The adoption of computers and machines for the effective and efficient control of systems has increased as industrial automation has increased across this region. Semiconductor devices, which can endure high temperatures and voltages, play a significant role in guaranteeing efficient power usage within a smaller application. This makes them an ideal component. For example, EESL (Energy Efficiency Services Limited) celebrated the end of its one-year federal project, the Unnat Jyoti Program, in 2020. (UJALA). This program has resulted in the replacement of more than 10.6 million street light bulbs with LED lights, resulting in the reduction of 20 million tonnes of CO2 and a significant reduction in electricity costs.
Moreover, the increasing government funding on the development of the semiconductor industry would allow the penetration of the market players of semiconductor intellectual property. According to the congressional research services, the semiconductor industry of China received 150 billion USD from the Government of China.
The China market dominated the Asia Pacific Semiconductor Intellectual Property (IP) Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $777.5 million by 2027. The Japan market is poised to grow at a CAGR of 4.3% during (2021 - 2027). Additionally, The Taiwan market would experience a CAGR of 5.7% during (2021 - 2027).
Based on IP Source, the market is segmented into Royalty, and Licensing. Based on Design IP, the market is segmented into Processor IP, Interface IP, Memory IP and Others. Based on Vertical, the market is segmented into Consumer Electronics, Telecommunications & Data Center, Commercial, Automotive, Industrial and Others. Based on countries, the market is segmented into China, Japan, Taiwan, India, South Korea, Singapore, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Semiconductor Intellectual Property (IP) Market is Projected to reach USD 7.4 Billion by 2027, at a CAGR of 4.8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Arm Limited (Softbank Group Corp.), Imagination Technologies Limited, Rambus, Inc., eMemory Technology, Inc., Silicon Storage Technology, Inc. (Microchip Technology Inc.), VeriSilicon Microelectronics (Shanghai) Co., Ltd. (VeriSilicon Holdings Co., Ltd.), Synopsys, Inc., Cadence Design Systems, Inc., CEVA, Inc., and Lattice Semiconductor Corporation
By IP Source
By Design IP
By Vertical
By Country
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