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The growth of the internet of things (IoT) coupled with connected devices are expected to drive innovation in electronic design automation software manufacturing, thus driving the market during the forecast period.

The global electronic design automation software market is expected to grow from $9.71 billion in 2022 to $10.45 billion in 2023 at a compound annual growth rate (CAGR) of 7.6%. The electronic design automation software market size is expected to grow to $14.05 billion in 2027 at a CAGR of 7.7%.

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Global Electronic Design Automation Software Market Segments Include:

• 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)
• By End-Use: Microprocessors And Controllers, Memory Management Units
• By Application: Communication, Consumer Electronics, Automotive, Industrial, Aerospace And Defense, Medical
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global electronic design automation software market in 2021.

Major Market Players in the electronic design automation software market include Aldec Inc., Altium Llc, Ansys Inc., Cadence Design Systems Inc., Synopsys Inc., Mentor, Silvaco Inc., Altair Engineering Inc., Agnisys Inc.

Technological advancement is a key trend gaining popularity in the electronic design automation software market. Major companies operating in the EDA software market are focused on providing technologically-advanced solutions to strengthen their market position. These companies are implementing technologies such as FinFet, AI, VR, IoT, and SoC to present new growth opportunities for EDA tools. For instance, in April 2021, Defacto Technologies, a France-based chip design software company, introduced SoC Compiler v9 tools in their EDA software offering, which automates the process of building IP, front-end SoC creation & integration, and getting RTL design collaterals ready for logic synthesis much quicker than before.

The Electronic Design Automation Software Global Market Report 2023 provides a electronic design automation software market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The electronic design automation software market forecast analyzes electronic design automation software market size, electronic design automation software market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Electronic Design Automation (EDA) refers to the category of software tools that assist in the design of electronic systems using computers. These tools are commonly used to design circuit boards, processors, and other types of complex electronic devices.

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