A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Semiconductor (Silicon) Intellectual Property (SIP) - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
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Global Semiconductor (Silicon) Intellectual Property (SIP) Market to Reach $7.5 Billion by 2026
Semiconductor IPs is reusable unit of a logic, chip or cell layout designs that is leased to different vendors as the foundational component of advanced devices and chip designs in lieu of a license fees. Generally used for memory drives, interconnects, processors and peripherals, semiconductor IPs are offered as independent soft IP blocks that can be produced in line with fabrication processes, or as hard IP blocks that are dedicated to specific applications. Semiconductor IPs is expected to be used to bridge the gap between existing silicon solutions and the ability of designers to use the space as a result of ongoing miniaturization. Growth in the global market is being driven on account of continuous expansion of end-use industries and technological advancements. Growth in the electronics industry is fueled by increasing penetration of the multicore technology in consumer electronics. The quad- or dual-core processors used in smart phones, tablets and laptops rely on semiconductor IPs for reliable performance. Increasing adoption of advanced system-on-chip designs, popularity of IoT-powered connected devices coupled with increasing use of carbon nanotubes, graphene transistors and self-organizing molecular devices is expected to create a favorable environment for semiconductor IP market.