Intellectual property (IP) block reuse is essential for facilitating the design process of system-on-a-chip. Sharing IP designs poses significant high security risks. Recently, digital watermarking emerged as a candidate solution for copyright protection of IP blocks. In this paper, we survey and classify different techniques used for watermarking IP designs. To this end, we defined several evaluation criteria, which can also be used as a benchmark for new IP watermarking developments. Furthermore, we established a comprehensive set of requirements for future IP watermarking techniques.