Global Electronic Design Automation (EDA) Tools Market Analysis: Size, Drivers, Trends, Opportunities And Strategies
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033
The electronic design automation (EDA) tools market size has grown strongly in recent years. It will grow from $15.18 billion in 2023 to $16.67 billion in 2024 at a compound annual growth rate (CAGR) of 9.9%. The growth in the historic period can be attributed to integrated circuit complexity, demand for faster time-to-market, advancements in semiconductor technology, globalization of design teams, rise of functional verification challenges.
The electronic design automation (EDA) tools market size is expected to see strong growth in the next few years. It will grow to $23.98 billion in 2028 at a compound annual growth rate (CAGR) of 9.5%. The growth in the forecast period can be attributed to AI (artificial intelligence) and machine learning integration, rapid growth in IoT and edge computing, demand for agile design methodologies, expansion of design complexity across industries, and demand for agile design methodologies. Major trends in the forecast period include advancements in analog or mixed-signal (AMS) design, enhanced support for open-source EDA tools, integration of hardware security features, technological advancements, and new product innovation.
The adoption of the internet of things (IoT) is expected to propel the growth of the electronic design automation (EDA) tools market going forward. The internet of things (IoT) refers to a network of physical objects, devices, and systems that have sensors, software, and network connectivity built in to enable them to gather and exchange data with other devices. The adoption of IoT (Internet of Things) is rapidly increasing due to its transformative capabilities across various industries. IoT is helpful in electronic design automation (EDA) tools by making it possible to include sensor and Internet of Things solutions into the processes of IC (integrated circuit) design, verification, manufacturing, and testing, ultimately improving the effectiveness and performance of the electronic systems that are built.
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What Are The Key Trends That Influence Electronic Design Automation (EDA) Tools Market Share Analysis?
Major companies operating in the electronic design automation (EDA) tools market are developing advanced technologies such as Synopsys.ai to gain a competitive edge in the market. Synopsys.ai utilizes cloud computing to improve efficiency and scalability in design automation workflows. They enable on-demand resource provisioning and platform abstraction and foster collaborative development environments, enhancing flexibility and productivity.
Which Market Players Are Driving Growth In The Electronic Design Automation (EDA) Tools Market?
Major companies operating in the electronic design automation (EDA) tools market are Siemens Aktiengesellschaft, Intel Corporation, Arrow company, Agnisys Inc., Keysight Technologies Inc., Synopsys Inc., Cadence Design Systems Inc., Forte Design Systems, Xilinx Inc., ANSYS Inc., Microsemi Corporation, National Instruments Corporation, JEDA Technologies Inc., Mentor Graphic Corporation, Altair Engineering Inc., AWR Corporation, Faraday&Future Inc., Zuken Inc., Magwel NV, Altium Limited, Silvaco Inc., Lauterbach GmbH, Computer Simulation Technology AG, EnSilica Limited, Aldec Inc., EMA Design Automation Inc., ELECTRO-SYSTEM CO. LTD., MunEDA GmbH, Intercept Technology Inc., Labcenter Electronics Ltd., Pulsic Limited
How Is The Global Electronic Design Automation (EDA) Tools Market Segmented?
1) By Type: Computer-aided Engineering (CAE); Integrated Circuit Physical Design and Verification; Printed Circuit Board and Multi-chip Module (PCB and MCM); Semiconductor Intellectual Property (SIP); Services
2) By Deployment Modes: On-Premises; Cloud-Based
3) By End-Use: Aerospace and Defense; Automotive; Consumer Electronics; Industrial; Healthcare; Other End-Users
Read The Full Electronic Design Automation (EDA) Tools Market Report Here
The Electronic Design Automation (EDA) Tools Global Market Report 2024 provides an overview of the electronic design automation (EDA) toolsmarket for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The electronic design automation (EDA) tools market forecast analyzes electronic design automation (EDA) tools market size, electronic design automation (EDA) tools market share, leading competitor and their market positions.
The Table Of Content For The Electronic Design Automation (EDA) Tools Market Include
1. Electronic Design Automation (EDA) Tools Market Executive Summary
2. Electronic Design Automation (EDA) Tools Market Segments
3. Electronic Design Automation (EDA) Tools Market Size And Template Market Growth Rate
4. Key Electronic Design Automation (EDA) Tools Market Trends
5. Major Electronic Design Automation (EDA) Tools Market Drivers
……
25. Key Mergers And Acquisitions In The Electronic Design Automation (EDA) Tools Market
26. Top Electronic Design Automation (EDA) Tools Companies
27. Electronic Design Automation (EDA) Tools Market Opportunities And Strategies
28. Electronic Design Automation (EDA) Tools Market, Conclusions And Recommendations
29. Appendix
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