Semiconductor IP market to reach USD $7 billion by 2027

摘要

THE GLOBAL semiconductor intellectual property (IP) market was valued at US$ 4,111.0 Million in 2019 and is expected to surpass US$ 7,103.0 Million by 2027, registering a CAGR of 8.9% during the forecast period (2020-2027), as highlighted in a report published by Coherent Market Insights. The automotive sector is focusing on continuous innovation and the semiconductor intellectual property will continue to play a major role in the advancement of this industry. As the automotiveindustry continues to develop self-driving technology, automotive electronics are expected to play an integral role in enabling these capabilities. The safety features in today's automotive SoCs (systems-on-chip) requiressemiconductor IPs. The growth of semiconductor intellectual property in theautomotive industry is due to increasing application of microcontroller units (MCUs), microprocessor units (MPUs), sensors, interfaces, analog integratedcircuits (ICs), and memory products in autonomous and premium cars. All major vehicle manufacturers such as Mitsubishi Motors Corporation, Renault, and Tata Motors are focusing on providing safety components in a vehicle such as high-tech sensors, cameras, advanced driver-assistance systems (ADAS), and other parts that mitigate accidents. Therefore, with launch of modern cars equipped with various features and more to come in driverless cars, semiconductor intellectual property will play a major role in facilitating further innovation.