Enjoy complimentary customisation on priority with our Enterprise License!
The Physical Intellectual Property (IP) Market size is projected to increase by USD 2.31 billion with a growth at a CAGR of 6.51% between 2023 and 2028. The growth rate of the market depends on several factors including the growing complexity of ICs, intense competition among mobile computing device companies, and increasing penetration of IoT devices. Physical intellectual property is referred to as the design of building blocks used in the development of SoCs. Physical intellectual property is an integral part of the electronic design and automation (EDA) process, which aids design engineers and developers in developing SoCs. The use of these intellectual property blocks, along with the miniaturization of electronic products, reduces the overall production cost. The growing complexity of semiconductor chip designs is adding to the importance of physical intellectual property.
The report includes a comprehensive outlook on the physical intellectual property market offering forecasts for the industry segmented by Application, which is mobile computing devices, consumer electronic devices, automotive, industrial automation, and others. Additionally, it categorizes End-user into semiconductor, manufacturing, IT and telecom, and others and covers Region, including North America, APAC, Europe, Middle East and Africa, and South America. The report provides market size, historical data spanning from 2018 to 2022, and future projections, all presented in terms of value in USD billion for each of the mentioned segments.
For More Highlights About this Report, Download Free Sample in a Minute
Increasing penetration of IoT devices is notably driving the market growth. The increasing popularity of smart devices, smart homes, and smart cities is driving the demand for IoT devices. The demand for smart devices is expected to increase significantly during the forecast period due to developments in high-speed network infrastructure. Smart devices make use of high-speed networks to transmit data and derive useful insights. The proliferation of smart devices incorporating innovative technologies such as augmented reality, gesture recognition, and voice recognition will necessitate the requirement of high-speed communication networks.
As a result, the increasing development of smart devices will lead to the increasing adoption of physical intellectual property for SoC designs in smart devices, which, in turn, will drive the growth of the global physical intellectual property market during the forecast period.
A decrease in lithography wavelength is an emerging trend shaping the market growth. A photomask is an opaque plate with a precision image of ICs. On exposing the photomasks to ultraviolet light at wavelengths of 365 nm, 248 nm, and 193 nm, they produce an identical image of the design onto the silicon wafers. The ever-decreasing feature size and increase in chip density have increased the complexity of wafers. This has resulted in a steady reduction in lithography wavelength over the years from 365 nm to 193 nm to manufacture a structure lower than 30 nm on the wafer.
Also, EUV lithography is essential for the 7-nm node size, which was commercialized in 2019. Thus, the increase in the number of chips on a wafer and the design complexity of the chips will increase the need for complex IP blocks to meet such requirements, which, in turn, will drive the growth of the physical intellectual property market during the forecast period.
Integration and verification problems of physical intellectual property a significant challenges hindering the market growth. Integrating the acquired semiconductor IP blocks from third-party IP vendors on the SoCs is a complex process. The cost of IP integration doubles the cost of acquiring those IPs. The increase in the number of IP blocks will also increase production time. Furthermore, during the integration of semiconductor IP, the acquired IP blocks must be compatible with other cores of IP. Similarly, other factors need to be compatible, such as auxiliary authentication settings, design for testing, manufacturing, and circuit board level of integration.
Moreover, the complexity of IP blocks will significantly pose more challenges for the SoC designers to integrate the acquired IP blocks into the design IP base. Thus, the Integration and verification problems of physical intellectual property can become a major challenge for the growth of the physical intellectual property market. Such factors are expected to restrict the market growth during the forecast period.
The market share growth by the mobile computing devices segment will be significant during the forecast period. The growth in this segment is expected to be driven by the proliferation of mobile computing devices such as smartphones, tablets, laptops, and ultra-books. Chinese manufacturers such as BBK Electronics, Huawei Technologies, and Xiaomi provide mobile computing devices with upgraded technologies at competitive prices.
Get a glance at the market contribution of various segments Download the PDF Sample
The mobile computing devices were the largest segment and were valued at USD 2.21 billion in 2018. The major reason for the demand for physical intellectual property in the mobile computing devices segment is the increasing demand for higher processing power for mobile and other computing devices. Processors have become quad-core and octa-core (from traditional single or dual-core processors), and integrated circuits (ICs) are housing more semiconductor components than their predecessors. Besides, with increased internet penetration and demand for higher bandwidth applications, companies in the physical intellectual property market are incorporating advanced technologies in mobile computing devices, such as augmented reality, gesture recognition, haptics, and virtual reality. They are also integrating several wireless technologies in their devices to support IoT architecture. To integrate all these features, they require third-party IP blocks that are incorporated into SoC designs. Thus, with the increasing demand for mobile computing devices from various sectors, the global physical intellectual property market will grow during the forecast period.
The proliferation of electronic devices, from smartphones and tablets to smart appliances and wearables, drives the demand for semiconductors. The growing consumer electronics industry fuels the need for smaller, more power-efficient, and high-performance semiconductors such as ICs to power these devices. Emerging technologies such as AI, IoT, 5G, augmented reality (AR), virtual reality (VR), and autonomous vehicles rely heavily on semiconductors for processing and data handling. The trend toward miniaturization and integration of multiple functions on a single chip drives the development of SoC and System-in-Package (SiP) solutions. This allows for space-saving and power-efficient designs in various applications. Such factors are expected to increase the demand for semiconductors, which, in turn, will drive the market during the forecast period.
For more insights on the market share of various regions Download PDF Sample now!
APAC is estimated to contribute 49% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The high revenue contribution from APAC is mainly due to the heavy concentration of original equipment manufacturers (OEMs) and original design manufacturers (ODMs). The growing demand for physical intellectual property in consumer electronics and automotive applications is expected to fuel the physical intellectual property (IP) market demand in the region. The availability of raw materials, government policies, and low labour costs have helped companies launch their manufacturing units in APAC. Moreover, the Government of India is promoting manufacturing in the country through its Make in India initiative. This initiative will likely propel the manufacturing sector in the region which results in physical intellectual property market expansion.
In addition, to ensure timely delivery for such large orders, semiconductor companies use established and reliable third-party IPs to reduce the design time. Leading nations in the region, including South Korea, Taiwan, China, and Japan, are known for their ability in the production of electronic devices. Developing countries such as India are also treading the same path, with several home-grown brands such as Micromax. Thus, high electronic device manufacturing will drive the growth of the regional market during the forecast period.
Physical Intellectual Property Market forecasts include the adoption lifecycle of the market research and growth, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their physical intellectual property market growth and trends strategies.
Global Physical Intellectual Property Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Arm Ltd. - The company offers physical intellectual property solution through Arm Physical IP.
Cadence Design Systems Inc. - The company offers physical intellectual property solution namely silicon proven Tensilica IP cores.
Ceva Inc.- The company offers physical intellectual property solution through Ceva PentaG RAN.
The Physical Intellectual Property Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market and information about 6 market companies, including:
Physical Intellectual Property Market analysis and report of qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The physical intellectual property market research report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028
|
Physical Intellectual Property Market Scope |
|
|
Report Coverage |
Details |
|
Page number |
164 |
|
Base year |
2023 |
|
Historic period |
2018-2022 |
|
Forecast period |
2024-2028 |
|
Growth momentum & CAGR |
Accelerate at a CAGR of 6.51% |
|
Market Growth 2024-2028 |
USD 2.31 billion |
|
Market structure |
Concentrated |
|
YoY growth 2023-2024(%) |
6.27 |
|
Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
|
Performing market contribution |
APAC at 49% |
|
Key countries |
US, China, Taiwan, South Korea, and Japan |
|
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
|
Key companies profiled |
Arm Ltd., Cadence Design Systems Inc., Ceva Inc., Imagination Technologies Ltd., Lattice Semiconductor Corp., and Synopsys Inc. |
|
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
|
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.
Get the report (PDF) sent to your email within minutes.