0

Electronic Design Automation Software Market is Expected to Reach $20.89 Billion by 2027

 
2022
Electronic Design Automation Software Market

Report Code : A05440

quote Asia-Pacific is anticipated to exhibit highest growth rate during the forecast period, owing to rapid increase in adoption of smart electronics devices & gadgets, increase in need to address the complexities in advanced electronics manufacturing, growing presence of large EDA vendors in this region. This in turn is anticipated to boosts the electronic design automation software market growth. quote

Vishwa Gaul
Research Analyst, ICT at Allied Market Research

Get 20% Free Customization In This Report
Follow us on Social Media:       
 

According to a recent report published by Allied Market Research, titled, “Electronic Design Automation Software Market by Type and Application: Opportunity Analysis and Industry Forecast, 2020-2027,” the global electronic design automation software (EDA) market was valued at $10.20 billion in 2019, and is projected to reach $20.89 billion by 2027, growing at a CAGR of 9.6% from 2020 to 2027.

Electronic design automation (EDA) software offers tools that assist in the specification, design, verification, implementation, and test of electronic systems. These systems can be fabricated as either an integrated circuit, or multiple of them mounted on a printed circuit board. Electronic design automation tools have widely replaced manual methods for circuit board and semiconductor design techniques. Electronic design automation is also known as electronic computer-aided design.

Increase in demand for compact electronic components required for smart wearable devices, electronic gadgets & medical equipment, advancement in System on Chip (SoC), and surge in penetration of mobile & wireless devices, growing adoption of AI & IoT devices are the major factors that drive the growth of the electronic design automation software market. In addition, rise in need for remote accessibility also boosts the growth of the EDA software market. However, lack of expertise in virtualization is anticipated to hamper the EDA market growth. On the contrary, rise in demand for smaller electronic devices & increase in demand for machine learning in EDA to provide lucrative opportunities for the electronic design automation software market growth in the coming years. 

According to type, the integrated circuit (IC) physical design & verification segment is expected to witness significant growth in the overall electronic design automation software market during the forecast period. This is attributed to the surge in complexity of IC designs and rise in demand for great accuracy and precision of semiconductor devices. In addition, the end-users are increasingly adopting IC design and verification EDA tools to automatically perform the placement and routing of circuits on an IC or application-specific integrated circuit (ASIC). Cloud-based IC physical designing EDA tools are also getting attention in the EDA software market. Cloud computing is enabling end users to gain instant access to the CPU resources required to attain their physical verification.

By application, the consumer electronics segment accounted for the highest electronic design automation software market share in 2019, owing to continuous advancements in the consumer electronics such as smart phones, laptops, desktops, tablets, cameras and many more. The EDA software is also expected to meet the unfulfilled need for methods, models and tools that would permit quicker and more accurate design and verification of microelectronic systems and circuits which drives the growth of electronic design automation software industry.

As per region, the global electronic design automation software market was dominated by North America in 2019. The major presence of leading market vendors developing electronic design automation software and early adoption of advanced technology such as IoT & AI in North America are the major drivers for the electronic design automation software market growth. In addition, increase in demand from sectors, such as automotive, medical, and communications, among other industry verticals in North America further propels the market growth in this region.

The outbreak of COVID-19 is anticipated to have a significant impact on the growth of the electronic design automation software market. Various industries are majorly hit by lockdown imposed in many countries, and the spending on electronic design automation software by end users is expected to slow down during this pandemic. This is attributed to the disruptions in supply chain & shortage of raw material in semiconductor industry. However, EDA market vendors are upgrading their offerings. For instance, in March 2020, Synopsys declared a major innovation in electronic design automation with the introduction of DSO.ai (Design Space Optimization AI), which is the autonomous AI application for chip design. Such innovations are further expected to boost the EDA software market growth during the forecast period.

Key findings of the study

  • By type, the Semiconductor Intellectual Property (SIP) segment accounted for the highest electronic design automation software market size in 2019.
  • By application, the consumer electronics segment led the global electronic design automation software market in 2019.
  • By region, North America accounted for the highest revenue in 2019; however, Asia-Pacific is anticipated to exhibit the highest growth during the forecast period.

The global electronic design automation software market analysis includes some of the key market players such as ANSYS, Inc., Altair, Altium LLC, Aldec, Inc., Autodesk, Cadence Design Systems, Inc., Keysight Technologies, Mentor (a Siemens Business), Silvaco Inc. and Synopsys.

Need More Information

pr-det-talk Talk to David (Europe)

pr-det-talk Talk to Sona Padman (Americas)

5933 NE Win Sivers Drive #205,
Portland, OR 97220 United States

pr-det-phone Toll Free: +1-800-792-5285

pr-det-phone UK: +44-845-528-1300

pr-det-phone Hong Kong: +852-301-84916

pr-det-phone India (Pune): +91 2066346060

pr-det-phone Fax: +1(855) 550-5975

pr-det-phone help@alliedmarketresearch.com

 

For Media Inquiries, Please Contact

Allied Market Research
Contact Toll Free: +1-800-792-5285
Drop us an email at
media@alliedmarketresearch.com

Looking for Customization?

 Customization Request

Have a Question?

 Speak with Analyst

Any Confusion?

 Inquire Before Buying

Have a glance of the Report

  Request Free Sample
 
 

First time buyer?
Check offers and discount on this report
To get this report

Click Here
 
 

quote Electronic Design Automation Software Market by Type (Computer-aided Engineering (CAE), IC Physical Design and Verification, Printed Circuit Board and Multi-chip Module (PCB and MCM), Semiconductor Intellectual Property (SIP) and Services), and Application (Communication, Consumer Electronics, Automotive, Industrial, Aerospace & Defense, Medical, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027 quote

View Report
 
 

Avenue: Entire Library membership of Allied Market Research Reports at your disposal

  • Avenue is an innovative subscription-based online report database.
  • Avail an online access to the entire library of syndicated reports on more than 2,000 niche industries and company profiles on more than 12,000 firms across 11 domains.
  • A cost-effective model tailored for entrepreneurs, investors, and students & researchers at universities.
  • Request customizations, suggest new reports, and avail analyst support as per your requirements.
  • Get an access to the library of reports at any time from any device and anywhere.

 
 

WHY ALLIED MARKET RESEARCH?

INFLALLIBLE METHODOLOGY

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

ANALYST SUPPORT

For complete satisfaction

CUSTOMIZATION

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers

 

Featured Readings

 
rep-img

Published Date Nov 2024

Plush Toy Market

Download Sample

Buy Full Version
"Electronic Design Automation Software Market"
Purchase Enquiry

Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

Get Industry Data Alerts

Why Allied Market Research?

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of the scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save the time of readers