SAN FRANCISCO—The semiconductor intellectual property (IP) market is forecast to grow from $2.5 billion in 2012 to $5.7 billion in 2017, a compound annual growth rate of more than 14 percent, according to a market research report by MarketsandMarkets, a market research and consulting company based in the U.S.
The semiconductor IP market is growing in both the integrated circuit IP and system-on-chip (SoC) IP sub-sectors, but the revenues from the SoC IP segment are expected to grow faster at an estimated CAGR of 19 percent from 2012 to 2017, according to the report.
The application specific and programmable (FPGA and PLD) IP segments in both ICs and SoCs are the fastest growing segments, next to the primary revenue contributor—the SoC processor IP segment, which is estimated to grow at a CAGR of 21.16 percent, according to the report. All the IP segments have much faster growth rates in the SoC segment than their respective markets in the IC segment, the report forecasts.
The global IP market's value chain has grown to encompass a vast network of players involved in various segments, according to the report.