Electronic Design Automation Market Size, Share, Trends, Outlook, and Report 2024-2032

 

The latest report by IMARC Group, titled “Electronic Design Automation Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2024-2032,” offers a comprehensive analysis of the electronic design automation market. The report also includes competitor and regional analysis, along with a breakdown of segments within the industry.

The global electronic design automation market size reached USD 11.5 Billion in 2023. Looking forward, IMARC Group expects the market to reach USD 21.5 Billion by 2032, exhibiting a growth rate (CAGR) of 7% during 2024-2032.

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Electronic Design Automation Market Trends:

The global market is majorly driven by the increasing complexity of integrated circuits (ICs) and semiconductor devices. As technology continues to advance, the demand for more sophisticated and miniaturized electronic components grows, particularly in sectors such as consumer electronics, automotive, telecommunications, and healthcare. Furthermore, the rapid growth of the Internet of Things (IoT) and the proliferation of connected devices are also key contributors to the expansion of the EDA market.

Another significant factor is the shift towards more advanced manufacturing processes, such as the transition from 7nm to 5nm and even 3nm technology nodes in semiconductor fabrication. As semiconductor manufacturers push the limits of Moore's Law, the need for precise and accurate design tools becomes more critical. EDA tools are crucial in this context, as they enable the design, simulation, and testing of ICs at these smaller geometries, helping to minimize errors and improve yield in the manufacturing process.

Electronic Design Automation Market Scope and Growth Analysis:

The global electronic design automation (EDA) market covers a wide range of software tools and solutions used in the design and verification of electronic systems, integrated circuits, printed circuit boards (PCBs), and other semiconductor devices. The scope of the market includes various EDA tools, such as simulation software, layout tools, verification solutions, and design synthesis tools, all of which are essential in the development of modern electronic products. Market analysis indicates that the EDA market is poised for robust growth, driven by the increasing demand for advanced electronic devices across various industries.

The market is witnessing strong demand from the semiconductor industry, where EDA tools are critical for designing complex ICs used in applications ranging from smartphones and computers to automotive systems and industrial machinery. As the semiconductor industry continues to innovate and adopt new manufacturing technologies, the reliance on EDA tools is expected to grow, further driving market expansion.

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Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

• Altium Limited
• ANSYS, Inc.
• Autodesk Inc.
• Boldport Limited
• Cadence Design Systems Inc.
• Siemens AG
• Silvaco Inc.
• Synopsys, Inc.
• Vennsa Technologies
• Xilinx, Inc.

Electronic Design Automation Market Segmentation:

Our report has categorized the market based on solution type, deployment type, and end-use industry.

Breakup by Solution Type:

• Semiconductor IP
• CAE (Computer Aided Engineering)
• IC Physical Design and Verification
• PCB & MCM (Printed Circuit Board and Multi-Chip Module)
• Services

Breakup by Deployment Type:

• On-Premises
• Cloud-Based

Breakup by End-Use Industry:

• Military/Defense
• Aerospace
• Telecom
• Automotive
• Healthcare
• Others

Breakup by Region:

• North America (USA, Canada)
• Europe (Germany, France, UK, Italy, Spain, Russia, others)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, others)
• Middle East/Africa
• Latin America (Brazil, Mexico, others)

Key Highlights of the Report:

• Market Performance (2018-2023)
• Market Outlook (2024-2032)
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

About US:

IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services.

IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

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