According to Cognitive Market Research, the global Semiconductor IPmarket size is USD 7691.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 8.80% from 2024 to 2031.
North America held the major market share for more than 40% of the global revenue with a market size of USD 3076.60 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.0% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 2307.45 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 1769.05 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.8% from 2024 to 2031.
Latin America had a market share for more than 5% of the global revenue with a market size of USD 384.58 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.2% from 2024 to 2031.
Middle East and Africa hada market share of around 2% of the global revenue and was estimated at a market size of USD 153.83 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.5%from 2024 to 2031.
Integrated Device Manufacturers (IDMs) dominate the Semiconductor IP market in India. IDMs are companies that design, manufacture, and sell their own semiconductor chips, often integrating their proprietary IP cores into their products.
