The boom in semiconductor IP market for automotive

It is now clear that, the automotive sector is offering incredible growth prospects to the semiconductor industry and the semiconductor IP market owing to the increasing application of all the form factors such as memory, processor, interface, and analog systems in safety applications, prominently, as well as in drive assistance, navigation system, parking sensors, and energy-efficiency applications.

The boom in semiconductor IP market for automotive is because of autonomous and electric vehicle penetration, according to Research and Markets.