Electronic Design Automation Tools Market To Rise at 12.2% CAGR With Global industry Leading Players - SYNOPSYS, CADENCE DESIGN SYSTEMS, MENTOR GRAPHIC, MAGMA DESIGN AUTOMATION, ZUKEN, SIEMENS PLM SOFTWARE

The electronic design automation (EDA) tools market is projected to register a CAGR of 12.2% during the forecast period (2018 - 2023).
The scope of the report includes insights about several products offered by major players. The End-users segment includes automotive, manufacturing, healthcare, and aerospace & defense sectors. The regions included in this study are North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.

Detailed Sample Copy of Updated Analysis @ https://marketprognosis.com/sample-request/16463
Note: “If this link doesn’t work in Internet Explorer, kindly try copy pasting it in other browsers”.

North America Occupies a Significant Market Share
Factors, such as, economic growth, favorable government policies, and increasing demand for consumer electronic devices in the US have increased the market’s growth. The intensifying significance of the IoT and the presence of prominent semiconductor device manufacturers, such as Intel, are expected to impact the market during the forecast period.

Key Developments in the Market
April 2018 - Cadence expands Virtuoso Platform with enhanced system design, advanced node support down to 5nm, and simulation-driven layout.

Major Players:
SYNOPSYS INC., CADENCE DESIGN SYSTEMS INC., MENTOR GRAPHIC CORPORATION, MAGMA DESIGN AUTOMATION LTD, ZUKEN INC, SIEMENS PLM SOFTWARE INC., KEYSIGHT TECHNOLOGIES, AGNISYS INC., ANSYS INC., ALTIUM LIMITED, APACHE DESIGN SOLUTIONS INC., amongst others.

Request Discount on this report @https://marketprognosis.com/discount-request/16463
Note: “If this link doesn’t work in Internet Explorer, kindly try copy pasting it in other browsers”.

Electronic Design Automation consists of software tools used in the designing of electronic systems and components, such as integrated circuits and printed circuit boards. The tools allow hardware and software providers to design and simulate several electronic components and systems. The demand of EDA tools has increased significantly due to the reduction in time of electronics component or system design. Additionally, the intense competition in the electronic industry is driving the manufacturers to address such issues. Increasing automation in automobiles, along with the rapid growth of connected devices is expected to increase the demand for advanced semiconductor devices, thereby increasing the growth of the electronic design tools market.

Demand for Compact Electronic Devices
The demand for compact electronic devices has been increasing across several sectors, such as automotive and industrial manufacturing, and has compelled the IC manufacturers to increase investment in R&D, to reduce the size while improving the performance of ICs. This has led to the development of microelectromechanical systems (MEMS) and 3D semiconductor devices. Thus, in order to develop better products with advanced deposition and pattering, the adoption electronic design automation tools has been increasing.

Enquiry Before Buying@ https://marketprognosis.com/enquiry/16463
Note: “If this link doesn’t work in Internet Explorer, kindly try copy pasting it in other browsers”.

About Market Prognosis
We at Market Prognosis believe in giving a crystal clear view of market dynamics for achieving success in today’s complex and competitive marketplace through our quantitative & qualitative research methods.
We help our clients identify the best market insights and analysis required for their business thus enabling them to take strategic and intelligent decision.
We believe in delivering actionable insights for your business growth and success.

Contact us:
ProgMarkPvt Ltd,
Thane - 421501
India.
Contact No:+1 973 241 5193
Email: sales@marketprognosis.com

This release was published on openPR.