The Semiconductor Intellectual Property (IP) market refers to the licensing of pre-designed circuitry and other design components to manufacturers of semiconductor chips. Semiconductor IP is essential for the development of complex chips and enables manufacturers to focus on their core competencies while reducing development costs and time-to-market. The market is driven by the increasing demand for advanced chips and the need for faster and more efficient design processes. The rise of the Internet of Things (IoT) and other emerging technologies is also expected to drive growth in the semiconductor IP market. However, there are concerns about the intellectual property rights of semiconductor IP and the potential for infringement, which can lead to legal disputes and affect the market's growth.