Pune, India, April 15, 2019 (GLOBE NEWSWIRE) -- Market Research Future (MRFR)’s analysis reveals that the global semiconductor memory IP market is set to scale a CAGR of 13.50% over the forecast period 2018 to 2023. The assessment further projects that the market is likely to touch a valuation of USD 1.22 Bn by the close of 2023. The semiconductor industry has grown manifolds in the recent years which reflects on the growth pattern of the market. Additionally, the innovation of consumer electronic devices with multiple functions is likely to drive the expansion of the market over the next couple of years.
Key players are focusing on the development of components that support the skyrocketing demand for devices with heavier computing applications. The modernization of these devices intensifies the need for powerful chipsets to enable expansion of memory capacity. This, in turn, is prognosticated to boost the growth pace of the semiconductor memory IP market in the foreseeable future.
The ongoing trend of miniaturization witnessed in the consumer electronics industry is expected to propel the expansion of the market in the forthcoming years. Also, technological advancements are anticipated to support the proliferation of the semiconductor memory IP market across the review period. Case to the point is, Samsung, a South Korean multinational conglomerate, has started mass production of its highest-capacity mobile DRAM for accommodating next-generation smartphones. However, the high costs associated with DRAM and NAND are likely to check the expansion of the market in the upcoming years.
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Market Segmentation:
This MRFR report offers a comprehensive segmental analysis of the global semiconductor memory IP market based on type and application.
By type, the market is segmented into SRAM (Static Random-Access Memory), DRAM (dynamic random-access memory), and NAND (negative AND). The NAND (negative AND) segment is expected to hold the dominant position in the marketplace and mark a comparatively higher CAGR over the assessment period. Meanwhile, the DRAM (dynamic random-access memory) segment is poised to exhibit substantial growth in the years to come. In 2017, the segment accounted for 45.2% market share and was valued at USD 266.86 Mn. It is anticipated to thrive at a robust CAGR of 12.99% during the forecast period.
The semiconductor memory IP market, by application, has been segmented into networking, industrial automation, automotive, consumer electronic devices, mobile computing devices, and others. Among these, the consumer electronic devices segment is prognosticated to witness proliferating applications of semiconductor memory IP owing to technological breakthroughs. The segment held 31.5% market share in 2017 and is presently valued at over USD 200 Mn. It is expected to thrive at 12.47% CAGR over the next five years. The mobile computing devices segment has secured the second spot in the market and is likely to scale a valuation of USD 150.73 Mn by 2023-end.
Asia Pacific Poised to Thrive at 14.79% CAGR over 2023
The regional assessment of the global Semiconductor Memory IP Market covers five major regions - North America, Latin America, the Middle East & Africa (MEA), Europe and Asia Pacific (APAC). Asia Pacific is currently leading the growth of the market and is forecasted to maintain its prominence through the assessment period. The boom witnessed in the semiconductor industry is prognosticated to augment the semiconductor memory IP market in the region over the next few years. Major country-level markets of the region expected to contribute to the development of the regional market are China, Taiwan, South Korea, and Japan. North America is the second-largest regional market and is poised to exhibit a CAGR of 13.37% over the projection period. The presence of a developed consumer electronics industry is presumed to support the proliferation of the regional market.
Key Players:
The noted players operating in the global semiconductor memory IP market are Rambus Inc., Arm Limited, Cadence Design Systems, Inc., Mentor, a Siemens Business, Synopsys, Inc., eSilicon Corporation, Micron Technology Inc., Dolphin Integration, SK Hynix Inc., and Samsung Electronics Co., Ltd.
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Latest Industry News:
SiFive, a provider of commercial RISC-V processor IP, announced the launch of its new S2 Core IP Series.
CEVA, Inc., a licensor of signal processing platforms and artificial intelligence processors for connected and smart devices, has announced the license and deployment of CEVA DSP technology by Nordic Semiconductor.
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