Ceva Expands its Market Share Leadership in Wireless Connectivity IP, Strengthening its Solutions for Smart Edge AI/IoT applications
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Latest Design IP Report from IPNest ranks Ceva #1 in Wireless Interface IP Revenue for 2023 with 67% market share, based on its extensive portfolio of Bluetooth, Wi-Fi, UWB and 802.15.4 IPs
ROCKVILLE, Md., Aug. 13, 2024 /PRNewswire/ -- Ceva, Inc. (NASDAQ: CEVA), the leading licensor of silicon and software IP that enables Smart Edge devices to connect, sense and infer data more reliably and efficiently, today announced that it has continued its hold on the #1 position in the wireless connectivity IP market according to IPNest's latest Design IP Report, commanding a dominant 67% market share of IP revenues in 2023. The Ceva-Waves wireless connectivity IP portfolio encompasses the most adopted standards-based wireless connectivity IPs, including Bluetooth, Wi-Fi, UWB and 802.15.4, which can be licensed individually or as multi-standard solutions via the Ceva-Waves-Links family. In addition to enabling high-performance, reliable and low power connectivity, its wireless portfolio is a linchpin in the company's expansion into other IoT applications that require innovative edge AI processing and sensing capabilities.
Ceva's wireless connectivity IP leadership began over a decade ago, starting with Bluetooth and expanding to include Wi-Fi, 802.15.4 and most recently UWB. With the emergence of the Internet of Things, almost every electronic device around us has become connected, leading to a huge push for semiconductor companies to integrate wireless connectivity into their MCU and SoC designs. A scarcity of wireless design expertise coupled with strict cost, power and time-to-market constraints has led to strong demand for Ceva's wireless connectivity IPs, culminating in more than 1.3 billion devices in 2023 sold worldwide powered by Ceva wireless connectivity IP. In Bluetooth alone, Ceva estimates its worldwide Bluetooth IoT market share in 2023 was 35%*, and TWS earbuds market share was 45%**, excluding Apple. For Wi-Fi 6, with more than 40 licensees to date, Ceva forecasts to capture 25-30% of Wi-Fi IoT market share within 2 years. More recently, the company began to license its next-generation Ceva-Waves Bluetooth Channel Sounding, Wi-Fi 7, UWB 2.0 and 802.15.4 IPs, which will drive further market share growth for Ceva.
"For many years, Ceva has been the dominant supplier of wireless interface IP to the semiconductor industry, with a strong focus on low power innovation and constantly being first to market with the latest standards," said Dr. Eric Esteve, Principal Analyst at IPnest. "As the IP vendor with the broadest range of wireless connectivity IPs in an increasingly connected world, their portfolio provides proven solutions for the integration of multi-standard wireless connectivity into chip designs, faster and with lower risk."