South Korea Semiconductor IP Market Is Anticipated To Witness High Growth Owing To High Adoption In Consumer Electronics

Semiconductor intellectual property (IP) refers to the intellectual property in an integrated circuit, including the integrated circuit's design, layout, and manufacturing masks. Semiconductor IPs are the pre-designed functional blocks that can be used seamlessly to build any SoC (system-on-chip) design. They help chip designers accelerate designs by reusing proven and verified functionality instead of developing it from scratch. Some common types of semiconductor IPs include processor/CPU IPs, peripheral controller IPs, interconnect and protocol stacks, memory compiler and IO. Semiconductor IPs find major applications in various end use industries including automotive, consumer electronics, telecom, industrial and aerospace & defense among others. The consumer electronics segment is the largest consumer of semiconductor IPs accounting for more than 35% of global demand. With strong presence of consumer electronics giants such as Samsung Electronics and LG Electronics, the South Korea semiconductor IP market provides potential opportunities for IP core providers.

The South Korea Semiconductor IP Market is estimated to be valued at US$ 395.0 Mn in 2024 and is expected to exhibit a CAGR of 9.6% over the forecast period 2024-2031.

Key Takeaways

Key players operating in the South Korea Semiconductor IP market are Arm Holdings, Synopsys, Inc, Cadence Design Systems, Inc, Imagination Technologies Limited, Lattice Semiconductor Corporation and Among Others. Arm Holdings is considered as one of the leading IP provider focusing primarily on processor IPs. Synopsys stands as a key player providing wide range of IPs including interface protocol stacks and controller IPs.
There exists substantial opportunities for semiconductor IP providers in South Korea market driven by continued demand from consumer electronics and automotive Electronics manufacturers.

The growing deployment of AI and IoT applications will further drive demand.
Key IP providers are focusing on expanding their footprint in South Korea through collaborations with chip designing companies and setting up of local design support centers. For instance, Synopsys established its Korea design center in 2013 to address growing semiconductor design requirements. Rising demand for customized and application specific IP cores also presents new avenues for IP providers in South Korea market.

Market Drivers:

- Growing demand for AI and machine learning applications in automotive and consumer electronics is a key driver as these applications require heavy computation which will boost demand for specialized processor and other IPs.

- Transition towards autonomous vehicles presents new opportunities as autonomous driving requires numerous sensor integrated chips necessitating customized IPs. This is expected to drive markets in advanced nations including South Korea.

Market Restraints:

- Cyclical nature of semiconductor industry and volatile demand from end-use industries poses challenge in demand forecasting which becomes difficult for IP providers to scale up infrastructure.

- Customized and application specific IPs require high initial investments and have longer sales cycles which acts as a barrier, especially for small and medium IP providers.

Segment Analysis

The South Korea Semiconductor IP Market can be segmented based on the design IP, interface IP and verification IP. Among these, the design IP segment dominated the market in 2021. This is because a majority of semiconductor companies and chip designers in South Korea prefer using design IPs such as processor IPs, peripheral IPs and application-specific specialized functions to accelerate chip design and development. Design IPs help chip designers to reduce overall integration effort as well as cost and time constraints. Interface IPs are expected to gain growth in the forecast period owing to rising adoption of advanced interface protocols.

Global Analysis

From a regional perspective, Asia Pacific dominated the South Korea Semiconductor IP market and was valued at US$ XX million in 2021. This is mainly due to substantial presence of fabless semiconductor companies as well as IDMs in countries such as South Korea, Taiwan, China and India. Asia Pacific is witnessing concentrated efforts toward development of indigenous chip designing capabilities to reduce dependence on foreign chip imports. Countries are investing heavily in developing own semiconductor manufacturing and designing infrastructure which is positively influencing market growth in the region.

 

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Author Bio:

Alice Mutum is a seasoned senior content editor at Coherent Market Insights, leveraging extensive expertise gained from her previous role as a content writer. With seven years in content development, Alice masterfully employs SEO best practices and cutting-edge digital marketing strategies to craft high-ranking, impactful content. As an editor, she meticulously ensures flawless grammar and punctuation, precise data accuracy, and perfect alignment with audience needs in every research report. Alice's dedication to excellence and her strategic approach to content make her an invaluable asset in the world of market insights. (LinkedIn: www.linkedin.com/in/alice-mutum-3b247b137 )

 

What Are The Key Data Covered In This South Korea Semiconductor IP Market Report?

:- Market CAGR throughout the predicted period

:- Comprehensive information on the aspects that will drive the South Korea Semiconductor IP's growth between 2024 and 2031.

:- Accurate calculation of the size of the South Korea Semiconductor IP and its contribution to the market, with emphasis on the parent market

:- Realistic forecasts of future trends and changes in consumer behaviour

:- South Korea Semiconductor IP Industry Growth in North America, APAC, Europe, South America, the Middle East, and Africa

:- A complete examination of the market's competitive landscape, as well as extensive information on vendors

:- Detailed examination of the factors that will impede the expansion of South Korea Semiconductor IP vendors

FAQ’s

Q.1 What are the main factors influencing the South Korea Semiconductor IP?

Q.2 Which companies are the major sources in this industry?

Q.3 What are the market’s opportunities, risks, and general structure?

Q.4 Which of the top South Korea Semiconductor IP companies compare in terms of sales, revenue, and prices?

Q.5 Which businesses serve as the South Korea Semiconductor IP’s distributors, traders, and dealers?

Q.6 How are market types and applications and deals, revenue, and value explored?

Q.7 What does a business area’s assessment of agreements, income, and value implicate?

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it