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Electronic Design Automation (EDA) Market to Showcase Significant Growth in the Coming Years| Key Companies are BMW Group, General Motors, Lockheed Martin, Sharp Electronics Corporation USA, Toyota Motor Corporation, Volkswagen AG
Electronic Design Automation (EDA) Market
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The trend of miniaturization of semiconductors has allowed manufacturers to utilize electronic components in applications such as surgical devices and smart fitness products. Development of such devices is generating a high demand for the Electronic Design Automation (EDA) Market. The rising awareness and acceptance of smart fitness devices are encouraging electronic design companies to invest in the innovative design tools for developing enhanced products. Manufacturers are investing massively to develop several new miniaturized products to enhance the customer experience. Researchers are focusing on developing cost-effective and reliable products with the use of electronic design tools.
The key players covered in this study: -
• Airbus
• Apple
• BMW Group
• GE
• General Motors
• Haier
• HP
• Hitachi
• Honeywell
• LG Electronics
• Lockheed Martin
• Samsung Electronics
• Sharp Electronics Corporation USA
• Schneider Electric
• Tesla
• Thales
• Toyota Motor Corporation
• Volkswagen AG
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An increase in the production of smart devices is a major factor that will have a positive impact on the growth of the Electronic Design Automation (EDA) Market over the forecast timespan. In the recent years, the industry has witnessed a rise in the demand for consumer electronics. The growing popularity of smartphones and tablets in the recent years has seen an increase in camera modules, proximity sensors, accelerometers, and touchscreens. Sensors are rapidly expanding beyond image and motion sensing to features that can measure human health, food calorie composition, altitude, and humidity indicators owing to the increase in the variety of consumer IoT applications such as wearables. These factors are driving the electronic design automation market over the coming years.
The North America Electronic Design Automation (EDA) Market will witness a high growth over the forecast timeframe owing to large-scale technological advancements. The region is a leading adopter and developer of new technologies such as 5G technology for smartphone users. In addition, presence of a developed broadband & wireless infrastructure and government support for the development of IoT-based technologies are driving smart consumer electronics industry thereby providing an impetus to the EDA market growth. Fast broadband services and the development of these infrastructures in remote and underserved locations are aiding the development of the IoT and smart electronics market in the region. Moreover, the Federal Communications Commission (FCC) is further aiding in promoting 5G technologies. In April 2017, FCC raised USD 19.80 billion to set up and promote these services across the country.
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The U.S. has witnessed a technological boom and emergence of several small- and large-scale fabless companies. Factors, such as high demand for consumer electronics devices, favorable government policies, the rise in government funding in technology projects, and robust economic conditions of several countries will drive the EDA market growth. Increasing demand to differentiate products is encouraging OEMs to incorporate new technologies and provide products with large displays with better resolution, storage capacity, and high processing speed. These cutting-edge functionalities will increase the complexity of mobile System on Chips (SoCs). Following this, SoC designers are using semiconductor IP cores from third-party service providers to decrease the risk of design integration in the devices, contributing to the semiconductor IP electronic design automation market growth.
EDA market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2013 to 2024, for the following segments:
Electronic Design Automation Market, By Product
• Computer Aided Engineering (CAE)
• IC Physical Design & Verification
• Printed Circuit Board and Multi-Chip Module
• Semiconductor Intellectual Property (SIP)
• Services
Electronic Design Automation Market, By Application
• Aerospace & Defense
• Automotive
• Consumer Electronics
• Industrial
• Medical
• Telecommunications
• Others
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