Semiconductor IP Market Share

North American Market Forecasts

By the end of 2037, the North America semiconductor IP market is anticipated to have the biggest market share of 35% among all other markets. This can be attributed to the region's diverse technical developments and the growing semiconductor sector. According to data, the US semiconductor sector contributed USD 240 billion to the GDP of the nation in 2020. Additionally, it is predicted that the rising use of consumer electronics combined with decreased manufacturing and design costs would fuel market expansion in the region throughout the projection period.

APAC Market Statistics

Furthermore, the market in the Asia Pacific is anticipated to expand significantly over the course of the projected period. The regional growth can be impelled by the rising popularity of smart devices like smartphones, smartwatches, and bands. For instance, the estimated number of smartwatch shipments in China topped 40 million units in 2020, and by the end of 2022, 55 million devices are expected to be shipped. Additionally, Asian businesses have recently become more competitive in the sector of electronic creation. Asia-Pacific firms are attempting to establish a strong position in the global electronics industry by leveraging significant competitive advantages like low labor costs, in-house technical advancements, smartphones, electric cars, and more. This is helping to foster the expansion of semiconductor IP in the region.