The semiconductor intellectual property (IP) market by 2023

Analysts are optimistic on the idea that, the semiconductor IP market is in a growth phase and is expected to grow further in the coming years.

One can observe that, the drivers for this market are the advancement in multicore technology for consumer electronics sector, increasing demand for modern SoC designs, rising chip design cost and expenditure and growing demand for connected devices.

However, IP thefts, counterfeits, and conflicts on the global semiconductor IP market is likely to be a major challenge for this market.

The need for high-speed, low-power-consuming, and highly scalable memory devices as well as to the growing demand for memory in connected and wearable devices is also at the core of stakes.

According to Research and Markets, the semiconductor intellectual property (IP) market is expected to be valued at USD 6.22 Billion by 2023, at a CAGR of 4.87% between 2017 and 2023.