Semiconductor Memory IP Market

Market Overview:

Semiconductor Memory IPs in electronic design are reusable unit of cell, logic, or IC layout design which is the intellectual property of one party. IP cores can be licensed to another party or can be owned and used by a single party alone. The term was derived from the licensing of the patent and source code copyright which exists in the design. Semiconductor memory IP is experiencing strong impact of the rising demand for high-performance memory systems from different end-users. Also, growing complexity of the semiconductors as well as increasing demand for intense memory operations leads to a demand for effective and faster memory solutions in the industry. The global Semiconductor Memory IP market was valued at USD 4.91 billion in 2022 and is likely to reach USD 10.28 billion by 2030, at a CAGR of 11.1%.

Semiconductor Memory IP Market Report Scope

Market Segmentation:

By Design IP, the global semiconductor memory IP market is classified into total stations, GNSS, laser scanners, and airborne. The GNSS segment garnered the highest market share of more than 38% in 2022. This is mainly attributed to GNSS’s deployment on scrapers, graders, dozers, airborne systems, and excavators. The use of GNSS for agriculture, UAV, agriculture, ground mapping, mining, and defense, among others. Also, it offers high accuracy and efficiency for the correct positioning of heavy machinery, thus promises enhanced Design IPivity. The total station segment is likely to register a steady CAGR of around 10% during the review period. This is due to high Design IP modification and ease in the deployment. Therefore, the minimal installation time and cost reduced complexity are expected to boost the segment growth.

Based on IP Core, the global semiconductor memory IP market has been generated into excavators, loaders, paving systems, graders, and others. The excavators held the largest market share of almost 60% in 2022. This is mainly ascribed to the wide usage of excavators for digging, forestry work, snow removal, waste management, grading, mining, etc. Excavators offer Design IPivity and flexibility while lowering downtime and excavation costs. Moreover, excavators are more efficient, precise, and faster in construction and digging applications, thereby bolstering the segment growth.

On the basis of end use, the global semiconductor memory IP market has been segmented into construction, agriculture, mining, oil & gas, marine, and others. The construction segment witnessed the largest share of around 46% in 2022. This is mainly ascribed to the growing urbanization and significant on-going infrastructure projects adopted by emerging economies. The construction sites employ large number of employees and growing demand for safety measures have resulted in the adoption of Semiconductor Memory IPs in the construction industry. In addition, rising demand for sustainable structures has propelled the Design IP demand for the construction of residential, commercial, and retail buildings.

Market Dynamics and Factors:

The surge in demand for precision in control & navigation of heavy as well as the strong adoption due to less complexity when compared to conventional guidance systems bolsters the global semiconductor memory IP market growth. The growth of the Semiconductor Memory IP industry is majorly driven by the elimination of the need for bulk earthworks set out and survey pegging using Semiconductor Memory IPs and the need for faster work and more efficiency during tighter timelines. The high deployment of such advanced methods which help contractors in improving their projects under budgets and ahead of scheduled deadlines as well as benefits offered by the system such as the reduction of the field and facilitate efficient usage of resources augment the global semiconductor memory IP market industry growth. The pandemic has significantly affected the global semiconductor memory IP market  growth due to shut down of operations as well as limited Design IPion activities in construction, oil & gas, and mining, further negatively impacted the global semiconductor memory IP market growth.

Geographical Analysis:

The North America market garnered the highest market share of around 42% in 2022. This is mainly attributed to the strong construction industry as well as development in the agricultural activities. Moreover, robust mining activities and ongoing oil & gas drilling activities further boost the regional and global semiconductor memory IP market growth. In addition, surging infrastructure projects such as building of highways and bridges in the US and Canada are likely to positively impact the North America and global semiconductor memory IP market growth. Furthermore, growing demand for automation and process instrumentation in construction activities increases the Design IP usage. The Asia Pacific market is projected to grow at the highest CAGR in the coming years owing strong construction activities in India and China. Also, government in these countries have taken projects to improve the aging infrastructure such as roads, tunnels, and sewage plants, thereby promulgating the Design IP consumption.

Key Market Segmentation

Global Semiconductor Memory IP Market, By Design IP

o    Total Stations

o    GNSS        

o    Laser Scanners

o    Airborne

Global Semiconductor Memory IP Market, By IP Core

o    Excavators

o    Loaders

o    Paving Systems

o    Graders

o    Others

Global Semiconductor Memory IP Market, By End Use

o    Construction

o    Agriculture

o    Mining

o    Oil & Gas

o    Marine

o    Others

Global Semiconductor Memory IP Market, By Region

North America

o    US

o    Canada

o    Mexico

Europe

o    Germany

o    UK

o    France

o    Italy

o    Spain

o    Rest of Europe

Asia-Pacific

o    China

o    India

o    Japan

o    South Korea

o    Rest of Asia-Pacific

Middle East and Africa

South America