by The South Korea semiconductor IP market provides customized and configurable semiconductor intellectual property cores to help designers reduce the risks and costs associated with chip design, verification, and integration. It offers reusable IP cores including microprocessors, interfaces, memories, and peripheral functions that serve as fundamental building blocks for system-on-chip (SoC) designs. These IP cores offer greater functionality while decreasing both costs and time to market for end products. The growing demand for consumer electronics such as smartphones, tablets, wearable devices, and smart home appliances has accelerated the need for advanced, high-performance and power-efficient SoCs.
The South Korea Semiconductor IP Market is estimated to be valued at US$ 395.0 Mn in 2024 and is expected to exhibit a CAGR of 9.6% over the forecast period 2024-2031.
Key Takeaways
Key players operating in the South Korea semiconductor IP market are Arm Holdings, Synopsys, Inc, Cadence Design Systems, Inc, Imagination Technologies Limited, Lattice Semiconductor Corporation and Among Others. The increasing demand for application processors and programmable logic devices in consumer electronics is expected to offer lucrative opportunities for market players. Geographically, the growing consumption of electronics products in China, Japan and Southeast Asia is anticipated to drive the expansion of the South Korea semiconductor IP market in the Asia Pacific region over the forecast period.
Market Drivers
The strong demand for consumer electronics across South Korea owing to the high disposable incomes and the young demographics is a major factor driving the growth of the South Korea semiconductor IP market. The government initiatives to promote electronics manufacturing is also supporting the growth of the market. The emergence of new applications such as artificial intelligence, 5G networks, and autonomous vehicles is estimated to create new opportunities for semiconductor IP vendors over the coming years.
PEST Analysis
Political: South Korea’s government support for the semiconductor industry through incentives has encouraged both local and foreign investment in the sector.
Economic: Strong growth of the electronics and automotive industries in South Korea has increased demand for semiconductors and semiconductor IP. South Korea’s semiconductor exports have risen significantly in recent years.
Social: South Koreans have high levels of technical skills and Samsung, SK Hynix and other local firms have invested heavily in R&D to remain competitive globally.
Technological: South Korea is a major player in the development of advanced semiconductor manufacturing processes like 5G and advanced packaging technologies. This benefits the domestic semiconductor IP market.
The South Korea semiconductor IP market is highly concentrated in the capital region of Seoul and surrounding Gyeonggi province, where the headquarters and R&D centers of leading Korean chip designers and foundries are located. This region accounted for over 60% of the country’s semiconductor IP market value in 2024.
China has emerged as the fastest growing regional market for South Korean semiconductor IP vendors. Strong demand from Chinese electronics manufacturers and government support for developing the domestic chip industry have made China an important export destination. South Korean IP suppliers expect around 30% of their revenue to come from China by 2031, up from under 20% in 2024, as they localize offerings to meet the needs of Chinese customers.
What Are The Key Data Covered In This South Korea Semiconductor IP Market Report?
:- Market CAGR throughout the predicted period
:- Comprehensive information on the aspects that will drive the South Korea Semiconductor IP’s growth between 2024 and 2031.
:- Accurate calculation of the size of the South Korea Semiconductor IP and its contribution to the market, with emphasis on the parent market
:- Realistic forecasts of future trends and changes in consumer behaviour
:- South Korea Semiconductor IP Industry Growth in North America, APAC, Europe, South America, the Middle East, and Africa
:- A complete examination of the market’s competitive landscape, as well as extensive information on vendors
:- Detailed examination of the factors that will impede the expansion of South Korea Semiconductor IP vendors
FAQ’s
Q.1 What are the main factors influencing the South Korea Semiconductor IP?
Q.2 Which companies are the major sources in this industry?
Q.3 What are the market’s opportunities, risks, and general structure?
Q.4 Which of the top South Korea Semiconductor IP companies compare in terms of sales, revenue, and prices?
Q.5 Which businesses serve as the South Korea Semiconductor IP’s distributors, traders, and dealers?
Q.6 How are market types and applications and deals, revenue, and value explored?
Q.7 What does a business area’s assessment of agreements, income, and value implicate?
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
About Author - Alice Mutum
Alice Mutum is a seasoned senior content editor at Coherent Market Insights, leveraging extensive expertise gained from her previous role as a content writer. With seven years in content development, Alice masterfully employs SEO best practices and cutting-edge digital marketing strategies to craft high-ranking, impactful content. As an editor, she meticulously ensures flawless grammar and punctuation, precise data accuracy, and perfect alignment with audience needs in every research report. Alice's dedication to excellence and her strategic approach to content make her an invaluable asset in the world of market insights. LinkedIn
