The North America Semiconductor Intellectual Property (IP) Market would witness market growth of 4.6% CAGR during the forecast period (2021-2027).
Semiconductor intellectual property is an important part of the platform-based design since it allows product differentiation and progressive improvements. This platform allows designers to reuse pre-qualified IP-based fundamental SOCs. SOC IP cores offer a fundamental platform that can be optimized differently depending on the design requirements. SOCs are also in high demand since they enable more cost-effective device manufacture. Additionally, a customer's sophisticated chip specification creates an explosion of gates on a single chip, advances in process technology, and the need to integrate heterogeneous technologies.
Semiconductor intellectual property has become a vital part of the development of huge and complicated gadgets since it would be practically impossible for any individual or a company to generate all of the required building pieces. Semiconductor IP and Design IP are commonly referred to interchangeably as IP, IP blocks, or IP cores.
There is a rise in the demand for commercial vehicles across the region, majorly in the United States. Factors such as the rising adoption of automated safety technologies, as well as the increase in electric vehicles production are owing to this growth. In addition, the US is one of the largest automotive markets across the world. In addition, Canada is among the leading producers of light weight vehicles. Further, various key companies are making their way in developing sophisticated automotive technologies. Hence, the excellence of the country in latest technologies has encouraged many OEMs to increase their investment in R&D activities for connected and autonomous vehicles.
The US market dominated the North America 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 $1,638.5 million by 2027. The Canada market is poised to grow at a CAGR of 7% during (2021 - 2027). Additionally, The Mexico market would expect a CAGR of 6.1% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Semiconductor Intellectual Property (IP) Market is Estimated to reach $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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