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Automotive industry vertical segment to grow at the fastest pace in the global semiconductor IP market by 2025 with a CAGR of 13.1%.
The "Semiconductor IP Market to 2025- by Type (Processor SIP, Interface SIP, Physical SIP, Analog SIP, and Others); Source (Licensing, and Royalty); Industry Vertical (Electronics, Telecom, Automotive, Medical, Industrial, and Others) - Global Analysis and Forecast". The scope of study involves understanding on the factors responsible for this growth of semiconductor IP market along with the estimates and forecasts of the revenue and market share analysis and also spots the significant semiconductor IP players in the market and their key developments.
Semiconductor IP Market to 2025 - Global Analysis and Forecast by Type, Source, and Application. In terms of revenue, the global Semiconductor IP market is expected to grow to US$ 8,265.6 million by 2025 from US$ 3,346.1 million in 2017, growing at a CAGR of 11.9%. The robust automobile sector of the region along with the presence of major premium car manufacturers in EU is anticipated to drive the semiconductor IP market. Germany is the largest contributor in the automotive market share of the region, accounting for around 30% share. The country comprises of major car manufacturers such as VW, BMW, Opel, Daimler AG and Audi among others. On an average, Germany produces over 6 Mn passenger as well as commercial vehicles every year. The major car manufacturers in the region strive for innovations in the vehicles to gain competitive edge in the market and therefore are the world leaders. The major manufacturers have already been successful in the integrations of sophisticated infotainment, car telematics, and advanced driver assist systems into their vehicles. These electronics based integrations into the automobiles is one of the major driving factors for the adoptions of semiconductor IP solutions by the automotive sector in Europe as the electronics integrations into the automotive demand for highly complex ICs.
Automotive sector deploys large efforts to transform the driving experience for its users. Recently, electric vehicles have found profound attraction in the end-user circles coupled with the boost from Governmental authorities owing to the environmental friendly nature of these cars. The automobiles of today are becoming smarter, becoming more capable of self-diagnostics, and are anticipated of also getting connected with each other for communication purposes. Trends such as Advanced Driver Assistant Systems (ADAS), infotainment systems, car telematics have been trending in the automotive industry for quite some time now. The success of these trends is entirely attributed to the sophistication and technological advancements in the semiconductor industry. The trends such as car telematics, easy-to-use and interactive infotainment systems are emerging at rapid rates and being developed with a focus on driver and passenger safety. Also, the implementation of other safety features have resulted in the reduced number of car accidents as well as fatalities in the last decade. Vehicles of today come with increased computing power, and this has been realized owing to the increasing electronic integrations into the vehicles.
The global Semiconductor IP market by geography is segmented into four regions including North America, Europe, Asia Pacific, Middle East & Africa and Rest of World. APAC is expected to be the fastest growing region in the integrations of Semiconductor IP. The major reason for this is the presence of large semiconductor manufacturing hub in the region. Taiwan, China, South Korea, Vietnam are some of the important countries in Asia that comprise of large semiconductor manufacturing units. Also, inexpensive labor, skilled professionals, and lesser cost of raw materials in this region is another factor driving the growth of semiconductor industry in Asia and in turn favoring the growth of Semiconductor IP in the region.
The report segments the global Semiconductor IP market as follows:
Global Semiconductor IP Market - By Type
Global Semiconductor IP Market - By Source
Global Semiconductor IP Market - By Industry Vertical
Global Semiconductor IP Market - By Geography
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