Semiconductor IP Market Trends

Growth Drivers

• Rising Trend of Heath Wearables Demand for smart wearable devices and bands with health tracking features is increasing as people are becoming more cautious about their health and semiconductor IP is used in the manufacturing of such devices
• Increasing Use of Laptops and Tablets Remote working policies have increased the adoption of IT devices such as laptops and tablets. Consumer electronics such as smartphones, tablets, and memory along with processor products use integrated circuits (ICs) and system-on-chips systems (SoCs) which in turn is expected to foster market growth during the analysis period. According to an estimate, about 5 billion people around the world have access to the internet every day, and about 65% use laptops to do so. Furthermore, by the end of 2025, global laptop shipments are projected to reach 270 million units.
• Rising Government Support and Investments – Escalating investment and support by government authorities of several countries in electronic and electrical product manufacturing is expected to boost the market growth during the predicted period. According to data by the India Brand Equity Foundation, the Indian Government aimed to raise investments of around USD 2.4 billion in the electronics manufacturing sector during 2021-22.

Challenges

• Risk of IT Theft & Static Randon Access Memory Often Fails to Offer Smooth Functionality – IP counterfeiting along with the development of counterfeit components is considered to be the global semiconductor IP market. Also, static random-access memory is vulnerable to IP threats and frequently fails to provide full functionality which is again projected to hinder the expansion of market size.
• Constant Changes in the Technology
• Adoption of Advance Technology Results in Increased Design Cost