Semiconductor Intellectual Property Market is expected to Reach US$ 9,437.8 Mn by 2026:
According to a new market research report published by Transparency Market Research titles ‘Semiconductor Intellectual Property Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018 - 2026,’ the global semiconductor intellectual property market is expected to reach US$ 9,437.8 Mn by 2026. The market is anticipated to expand at a CAGR of 8.8% during the period from 2018 to 2026. Increase in demand for licensed semiconductor devices due to high competition is driving the global semiconductor intellectual property market. Rise in demand for reduced manufacturing and design costs of semiconductor components present in end-products has resulted in the expansion of the semiconductor intellectual property market. In addition, adoption of modern system on chips (SOC) designs are driving the semiconductor intellectual property market. Moreover, rise in demand for semiconductor intellectual property to design exclusive products in the consumer electronics appl...