Semiconductor IP Industry forecast 2029

The semiconductor IP market Share has been witnessing remarkable growth in recent years, driven by the increasing complexity of semiconductor devices and the rising demand for advanced consumer electronics and communication systems. Semiconductor intellectual property (IP) refers to pre-designed and pre-verified circuits or building blocks that are integrated into semiconductor chips to enhance their functionality and performance. These IPs offer significant time and cost savings for chip designers, allowing them to focus on the core functionalities of their products.
Demand for this technology will increase in the near future as semiconductor IP usage increases in the telecommunication & data centre, consumer electronics, and automotive sectors. The market for semiconductor IPs is anticipated to be driven by expanding demand for contemporary SoC designs, innovation in multicore technology, increased acceptance of linked devices for daily usage, and continual advancements to optimise rising chip design expenditure.
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