Semiconductor Intellectual Property (IP) Global Market Report 2022: Expanding Telecommunications, Data Center & Automotive Verticals to Drive Growth - ResearchAndMarkets.com
The global semiconductor IP market size is expected to grow from USD 5.5 billion in 2021 to USD 7.2 billion by 2026, at a CAGR of 5.4%.
- The global semiconductor IP market size is expected to grow from USD 5.5 billion in 2021 to USD 7.2 billion by 2026, at a CAGR of 5.4%.
- The market has a promising growth potential due to several factors, including growing adoption of semiconductor components especially processor IPs, interface IP in consumer electronics, automotive, telecommunications & data center verticals will drive the demand for this market in the near future.
- The major factor restraining the growth of the semiconductor IP market constant technological changes in the semiconductor industry .
- Increasing demand for consumer electronics, especially smartphones, is expected to drive the growth of the semiconductor IP market in APAC.