According to the latest market research study by Technavio, the global physical IP market is expected to grow at a CAGR of close to 12% during the forecast period 2017 to 2021.
This report by Technavio provides an in-depth analysis of the global physical IP market regarding revenue and emerging market trends. The report also includes a competitive vendor analysis and forecasts for various market segments and all geographical regions.
Technavio research analysts categorize the market based on the application
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The top three revenue contributing application segments are discussed below:
Mobile computing devices: The growth in this segment is expected to be driven by the proliferation of mobile computing devices such as laptops, smartphones, tablets, and ultrabooks. The Chinese manufacturers such as OnePlus, Huawei Technologies, and Xiaomi provide mobile computing devices with upgraded technologies at competitive prices.
“The rise in the disposable income of consumers in developing nations such as India and upsurge in the internet penetration is driving the growth of mobile computing devices. With increased internet penetration and demand for higher bandwidth applications, the vendors in the market are incorporating advanced technologies in mobile computing devices such as augmented reality, gesture recognition, haptics, and virtual reality. They are also integrating several wireless technologies in their devices to support IoT architecture, for which they require third-party IP blocks that are incorporated into system-on-chip designs,” says Sunil Kumar Singh, a lead analyst at Technavio for research on embedded systems.
Consumer electronic devices: The demand for physical IP in this segment is primarily driven by the increasing implementation of smart homes. The smart homes market is expected to witness huge growth by 2021, with the upsurge in the number of smart home connected devices. Many homes in developed nations are being revamped into smart homes, wherein consumer electronic devices, entertainment gadgets, media, and other smart electronics are connected to the home network and can interact with each other.
Automotive: The increasing demand for safety features in automotive vehicles has obliged automotive OEMs to attach more importance to the safety features in their vehicles. Technavio expects that the trend of vehicle automation will result in increased adoption of SoCs into automobiles during the forecast period, enhancing the need for third-party IP cores.
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The top vendors operating in the global physical IP market are:
- ARM
- Cadence Design Systems
- CEVA
- Imagination Technologies
- Lattice Semiconductor
- Rambus
- Synopsys
A more detailed analysis is available in the Technavio report titled, ‘Global Physical IP Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
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