Semiconductor Intellectual Property Ip Market 2022: Analysis, Share, Growth, Outlook and Forecast 2027
According to the latest report by IMARC Group, titled “ Semiconductor Intellectual Property (IP) Market : Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027, ” The global semiconductor intellectual property (IP) market size reached US$ 5.1 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 7.2 Billion by 2027, exhibiting a growth rate (CAGR) of 5.87% during 2022-2027. A semiconductor intellectual property (SIP) represents a reusable unit of logic, cell, or chip layout design. It is usually developed to be rented out to various vendors as a foundational component for several sophisticated devices and chip designs. SIP is pre-verified and generally has a license fee attached to its usage. These cells are commonly used for peripherals, interconnects, processors, and memory drives. SIPs are typically offered as either soft IP blocks that are separate and can be synthesized according to any fabrication procedure or hard IP blocks