LONDON--(BUSINESS WIRE)--According to the latest market study released by Technavio, the global semiconductor memory IP market is expected to grow at a CAGR of more than 11%.
This research report, titled “Global Semiconductor Memory IP Market 2017-2021,” provides an in-depth analysis of the market in terms of revenue and emerging market trends. This market research report also includes up-to-date analysis and forecasts for various market segments and all geographical regions.
The demand for memory IP is rising because of digitization. The growing use of electronic devices in homes, industries, and schools for exchanging information in digital format is driving the development of high-speed, high-performance, and low power consumption SoCs. The increasing automation across industries is resulting in a larger number of electronic devices being connected with each other.
This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing.
Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.
Technavio’s analysts categorize the global semiconductor memory IP market into five major segments by the application. They are:
- Networking
- Industrial automation
- Automotive
- Consumer electronic devices
- Mobile computing devices
The top three segments based on the application for the global semiconductor memory IP market are discussed below:
Global semiconductor memory IP market for mobile computing devices
The mobile computing devices segment dominated the global semiconductor memory IP market in 2016, accounting for a revenue share of 60%. The growth in this segment is expected to be driven by the proliferation of mobile computing devices, such as smartphones, laptops, and tablets. Chinese manufacturers such as OnePlus, Huawei, and Xiaomi are providing mobile computing devices with upgraded technologies at competitive prices.
According to Raghu Raj Singh, a lead semiconductor equipment research analyst from Technavio, “IoT is an ecosystem of connected physical objects that are accessible through the Internet. It is a multiplatform architecture that supports multiple applications that run at the same time. Vendors are integrating several wireless technologies in their devices to support IoT architecture.”
Global semiconductor memory IP market for consumer electronic devices
The consumer electronic devices segment was the second-largest contributor to the global semiconductor memory IP market in 2016. It is expected to grow at a CAGR of more than 8% during the forecast period. Consumer electronic devices include DVD players; cameras; gaming consoles; and home automation devices such as dishwashers, smart thermostats, and smart TVs.
“The growing adoption of IoT and connected devices will create a considerable demand for memory IPs. This is because connected devices require memory chips that can store large amounts of data generated through M2M communications,” says Raghu.
Global semiconductor memory IP market for automotive
Automotive OEMs are adding more safety features to their vehicles because of the increasing demand for safety features in vehicles. Automotive OEMs are providing connectivity solutions in their vehicles by incorporating communication technologies to create an automatic system.
There is an increasing demand for connected cars with incorporated augmented navigation, including heads-up displays, intuitive and multimodal user interfaces, multimedia support, and a new generation of automotive cloud services.
The top vendors highlighted by Technavio’s research analysts in this report are:
- ARM
- Rambus
- Cadence Design Systems
- Synopsys
Browse Related Reports:
- Global Photomask Market 2017-2021
- Global Wire Bonder Equipment Market 2017-2021
- Global Inspection Cameras Market 2017-2021
Become a Technavio Insights member and access all three of these reports for a fraction of their original cost. As a Technavio Insights member, you will have immediate access to new reports as they’re published in addition to all 6,000+ existing reports covering segments like embedded systems, computing devices, and displays. This subscription nets you thousands in savings, while staying connected to Technavio’s constant transforming research library, helping you make informed business decisions more efficiently.
About Technavio
Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading-edge technologies.
Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
If you are interested in more information, please contact our media team at media@technavio.com.
