The global IP Core market size is valued at $ 5.5 billion in 2021 and is projected to reach $7.5 billion by 2027. This market is anticipated to witness a CAGR of 6% from 2022 to 2027.
A field-programmable gate array (FPGA) or application-specific integrated circuit (ASIC) for a product contains an IP (intellectual property) core, which is a block of logic or data. IP Core are part of the rising electronic design automation (EDA) industry trend toward recurrent use of previously created components as crucial aspects of design reuse. An IP core should ideally be completely portable, meaning that it can be simply put into any vendor's technology or design methodology. IP Core include universal asynchronous receiver/transmitters (UARTs), central processing units (CPUs), Ethernet controllers, and PCI interfaces.
IP Core are divided into three types: hard Core, firm Core, and soft Core. The IP design is manifested physically in hard Core. These Core are best for plug-and-play applications, but they're less portable and adaptable than the other two categories. Firm (sometimes known as semi-hard) Core, like hard Core, carry placement data but can be customized for different applications. Soft Core are the most adaptable of the three, coming in the form of a netlist (a list of the logic gates and associated interconnections that make up an integrated circuit) or HDL code (hardware description language).
In 2020, the IP core market marginally decreased due to the influence on automotive, industrial commercial, and other verticals. In 2020, global demand for autos fell considerably as governments around the world implemented lockdowns in response to the pandemic, and travel rates fell dramatically. The automotive and industrial verticals' growth has been hampered by supply chain disruptions, travel limitations, uneven or limited manufacturing capacities of companies, and lower demand from end-users owing to economic downturns. Stay-at-home rules and remote working, on the other hand, have encouraged the growth of portable IT devices such as laptops and tablets. Furthermore, as individuals became more conscious of their physical health, demand for health wearables such as smart bands and smartwatches skyrocketed.
Players in the IP core businesses have a lot of room for expansion in the consumer electronics industry. Because ICs and SoCs are increasingly used in their manufacturing, the IP core industry's growth is heavily reliant on sales of consumer electronics such as smartphones, tablets, and memory as well as processor goods. Due to developments in personal computing for consumer electronics and the emergence of octa-core processors for smartphones, the market for multicore processors is fast rising. The multicore processor market is likely to develop in the future, providing lucrative potential for the IP core business. Most multicore (dual-core or quad-core) processors are used in today's portable consumer gadgets.
Technology, particularly in the IP core sector, is a constantly evolving notion. New technology would join the market with each jump, disrupting the equilibrium. The same is true in the semiconductor business, where process nodes are crucial. Design complexity, chip form factor, and IP core design architecture can all be affected by changes in a semiconductor chip's nodes. The most common challenge in advanced SoC design is deploying these SoC devices in advanced technologies such as 20 nm planar and FinFET processes. The adoption of advanced technology nodes raises design costs for IP providers, while fees for licensing IP that is appropriate for the new technology node may not keep pace with the increase in expenses.
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