Global Semiconductor IP growth forcast

The global semiconductor intellectual property (IP) market demonstrated strong growth, surging from $5.93 billion in 2022 to $6.89 billion in 2023, achieving a remarkable compound annual growth rate (CAGR) of 16.2%. The Russia-Ukraine conflict, however, hindered short-term global economic recovery efforts after the COVID-19 pandemic. Economic sanctions, supply chain disruptions, and soaring commodity prices stemming from the conflict led to widespread inflation and market disruption. Despite these challenges, the semiconductor IP market is anticipated to continue its expansion, with a projected value of $11.07 billion by 2027, maintaining a CAGR of 12.6%. This market encompasses revenues from services like hard IP, soft IP, and verification IP, as well as the value of associated goods offered within the service. The scope includes transactions between entities and sales to end consumers. Semiconductor IP involves licensable designs serving as reusable logic or layout units, designed to be integrated into various chip designs by multiple vendors. Usage involves license fees or royalties for devices incorporating the licensed IP.