Semicon IP mkt to grow more than 14 p.c. in 5 yrs

SAN FRANCISCO, USA: The semiconductor intellectual property (IP) market has forecasted a compounded annual growth rate (CAGR) of more than 14 per cent.

According to a report by Markets and Markets, the growth forecasted is estimated between $2.5 billion in 2012 to $5.7 billion in 2017.

Sub sectors like integrated circuit IP and system on chip (SOC) IP are on the growth path in the semiconductor segment. The report says that, the revenues from the SOC IP segment is expected to grow faster at an estimated CAGR of 19 percent from 2012 to 2017.

Next to the primary revenue contributor i.e. the SoC processor IP segment, the application specific and programmable (FPGA and PLD) IP segments in both ICs and SoCs are the fastest growing segments, says the report.