Semiconductor (Silicon) Intellectual Property Market Poised for Growth, Targeting USD 8.87 Billion by 2028

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Global Semiconductor Silicon Intellectual Property Market Industry Number Of Smartphone Mobile Network Subscription

Global Semiconductor Silicon Intellectual Property Market Industry Number Of Smartphone Mobile Network Subscription

Global Semiconductor Silicon Intellectual Property Market Industry Semiconductor Silicon Intellectual Property Mark

Global Semiconductor Silicon Intellectual Property Market Industry Semiconductor Silicon Intellectual Property Mark

Dublin, Jan. 26, 2024 (GLOBE NEWSWIRE) — The “Semiconductor (Silicon) Intellectual Property Market Size & Share Analysis – Growth Trends & Forecasts (2023 – 2028)” report has been added to ResearchAndMarkets.com’s offering.

The latest comprehensive analysis reflects a burgeoning Semiconductor (Silicon) Intellectual Property market, valuing at USD 6.55 billion. With an expected compound annual growth rate (CAGR) of 5.83%, the market is projected to escalate to an impressive USD 8.87 billion by 2028.

This growth is attributed to increasing semiconductor sales and the expansion of consumer electronics, automotive industries, and the ever-growing demand for connected devices.

Emerging Technologies and North American Market Fuel Semiconductor IP Expansion

The Semiconductor Intellectual Property (SIP) market stands at the cusp of a significant revolution powered by the emerging global adoption of consumer devices and a demand for sophisticated System-on-a-Chip (SoC) designs. As the complexity of SoCs surges, the need for specialized intellectual property to drive innovation in semiconductor manufacturing has never been more vital.

Rapid Development in Consumer Electronics: A Key Market Driver

Consumer Electronics is pegged as the largest end-user vertical with semiconductors playing a critical role in the development and functionality of smartphones, tablets, and other smart devices. The shift towards multifunctional consumer electronics demands a robust architecture, wherein the SIP market plays a pivotal role, ensuring compatibility with high data rates, miniaturization, support for array wireless technologies, and energy efficiency.

Smartphones continue to be a significant growth aspect with projections from Ericsson indicating smartphone mobile network subscriptions rising from 6.42 billion in 2022 to 7.74 billion by 2028.

The advent of

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