Lucintel’s latest market report analyzed that semiconductor memory IP provides attractive opportunities in the consumer electronics, industrial, automotive, and networking markets. The semiconductor memory IP market is expected to reach $7.3 billion by 2028 with a CAGR of 5%. In this market, volatile memory is the largest segment by product, whereas consumer electronics is largest by end use industry.
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Based on product, the semiconductor memory IP market is segmented into volatile memory, non-volatile memory, and others. The volatile memory segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, because it is considered faster than other forms of mass storage and also helps in protecting sensitive information.
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The Semiconductor Memory IP Market is marked by the presence of several big and small players. Some of the prominent players offering semiconductor memory IP include ARM Limited, Rambus Inc, Cadence Design Systems, Synopsys, and Mentor Graphics Corporation.
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