UPDATED. 2024-05-26 20:30 (일)
Semiconductor IP market to grow 11% per year
Semiconductor IP market to grow 11% per year
  • Jang Keyoung Yoon
  • 승인 2021.09.16 08:15
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RISC-V to take larger share
Image: SiFive
Image: SiFive

Semiconductor IP market is expected to grow 11% per year on average from 2020 to 2025, analyst firm Counterpoint Research said.

The market was worth US$5.2 billion in 2020 but will be worth US$8.6 billion in 2025.

Companies like Arm, which is strong in the mobile market, as well as Synopsys and Cadence will dominate the market, Counterpoint said.

RISC-V will also take up larger shares of the market as years go on, the firm said.

RISC-V is open, unlike x86 or ARM that has closed architectures.

Intel and Microchips are developing chips using RISC-V.

Counterpoint noted that RISC-V has great scalability and power efficiency and will be used in the IoT space by over 25% in 2025.

Chips designed with RISC-V will also see higher demand in industrial electronic products, automobiles and high performance computing, it added.

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