Global semiconductor IP market is expected to gain significant growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyzes that the market is growing with the CAGR of 6.1% in the forecast period of 2022 to 2029 and expected to reach USD 6,895,660.78 thousand by 2029. Increase in the requirement of semiconductor IP in mining and construction industries is expected to drive the growth of the market.
Semiconductors IP (Intellectual Property) is a reusable unit of cell or functionality or design layout or logic, which is developed for the licensing of semiconductors to multiple vendors for utilizing it as a building block for different chip designs. Nowadays, IC designs are getting more and more complicated including system on Chip/SOC designs into a single chip. Thus, the pre-designed IP has become more important for standardization of chip manufacturing process.
Full report: https://www.databridgemarketresearch.com/reports/global-semiconductor-ip-market