This research report titled ‘Global Semiconductor IP Market 2016-2020’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. The report also presents the major vendors, who are involved in offering semiconductor IP across the geographies that include North America, APAC, and Europe.
The growing demand for a connected environment with rich end-user experience is bringing in new opportunities for the embedded processor market. The printer circuit boards (PCBs) of smart phones and other mobile devices are being integrated with multi-core processors, such as octa-core and quad-core, to enhance the real-time experience offered by these devices. Each new generation of processors improves the capacity of devices through faster processing. In fact, considerable processing power and speed difference is seen in Apple processer generations of A6 and A10, released within a gap of four years. As we strive toward IoT and connected environment, the need for more powerful processors is leading to the development of new designs with faster processing power.
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Technavio’s hardware and semiconductor analysts categorize the global semiconductor IP market into six major segments by application. They are:
- Industrial automation
- Consumer electronics
- Mobile devices
The top three application segments for the global semiconductor IP market are:
The mobile devices segment generated the largest revenue for the semiconductor IP market in 2015. Technavio analysts believe the segment will continue to dominate the market during the forecast period. This can be attributed to the increased adoption of mobile devices such as smartphones and tablets. Vendors such as Samsung Electronics and Apple are bringing out innovative products that are strategically priced. The development of these products undergo extensive R&D along with alterations in chip design. This further increases the chip complexity as vendors want to offer maximum performance in chips to consumers though they have restricted space.
According to Chetan Mohan, a lead semiconductor equipment analyst from Technavio, “The vendors are facing stiff competition from Chinese vendors such as Xiaomi and OnePlus. This is largely applicable in emerging markets such as India, where best features and functionalities are expected in affordable prices.”
The consumer electronics segment includes electronic devices like refrigerators, ACs, TVs, home theaters, and washing machines, as well as wearable devices such as smart watches and fitness gadgets. The consumer electronics segment accounted for a revenue share of 24.81% in 2015 and is likely to remain as the second largest contributor to the semiconductor IP market during the forecast period. High demand for smart, power saving, and efficient household equipment compels consumer electronics manufacturers to deliver high-quality products.
“The products are integrated with improved and high-powered semiconductor devices capable of delivering high performance with more functionalities and reduced power consumption at low cost. Furthermore, with the advent of 3D and ultra-high-definition TVs, the demand for high-performance ICs has increased significantly, thereby boosting the requirement of third-party IP cores,” says Chetan.
The analysts at Technavio expect the trend of vehicle automation will result in increased adoption of ICs into automobiles during the forecast period, enhancing the need for third-party IP cores. Automation in automobiles has still not taken off completely. The best examples of the same can be seen in cars designed by Google, which are mostly used for testing purposes only and are still too expensive for mass manufacturing.
A recent example of autopilot in a vehicle was seen in Tesla's model X in Missouri in August 2016. The car's autopilot feature helped a man suffering from fatal pulmonary embolism to reach the hospital. Pulmonary embolism is a blockage of an artery in the lungs that needs immediate medical attention. With autopilot feature, the person was able to safely reach the hospital ramp, from where he finished the drive.
The top vendors highlighted by Technavio’s research analysts in this report are:
- ARM Holdings
- Cadence Design Systems
- Imagination Technologies Group
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