Asia Pacific Electronic Design Automation Market is Projected to Showcase Commendable Growth by 2024 | Airbus, Apple, BMW Group, GE, General Motors, Haier, HP, Hitachi, Honeywell, LG Electronics, Lockheed Martin, Samsung Electronics

Asia Pacific electronic design automation market is expected to witness commendable growth over the forthcoming years. This progress can be chiefly attributed to the prevalence of a considerable number of lifestyle electronics manufacturers and smartphone consumers. The increased penetration of broadband and the rise of IoT are also certain to contribute their bit toward driving the regional electronic design automation market share over 2017-2024. Furthermore, the region encompasses an abundance of raw materials and also possesses the advantage of low cost labor. Tech-savvy consumers with increasing disposable incomes would be primarily driving the semiconductor industry in Asia Pacific. In consequence, this trend is likely to impact APAC electronic design automation market.

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Electronic design automation market is anticipated to register quite an appreciable growth rate in the forthcoming years on account of the rising adoption of System-on-Chip (SoC) technology. In the era of the evolving electronic industry, electronic design automation (EDA) market has come to play an increasingly pivotal role. This can be specifically justified with the major developments in the submicron technologies that have made it possible to incorporate 100 million gates on a chip and clock frequencies over 1GHz.

The key players covered in this study: -
1. Airbus
2. Apple
3. BMW Group
4. GE
5. General Motors
6. Haier
7. HP
8. Hitachi
9. Honeywell
10. LG Electronics
11. Lockheed Martin
12. Samsung Electronics
13. Sharp Electronics Corporation USA
14. Schneider Electric
15. Tesla
16. Thales
17. Toyota Motor Corporation
18. Volkswagen AG

Electronic design automation market has depicted a considerable leap in the last couple of decade, if the technological perspective is considered. With the constant flow of innovation in the integrated circuit market, engineers have been striving to derive methodologies that help increase productivity to meet the current tight time-to-market window. For instance, the exponential rise in the adoption of consumer electronics such as smartphones, laptops and wearable devices has led to the adoption of the popular Semiconductor Intellectual Property (SiP) technology in the electronic design automation market. Driven by the widespread development of IoT and 4G networks, SiP EDA industry is likely to depict a profitable growth trend in the years ahead.

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Semiconductors are being commonly used in the consumer electronic devices such as PCs, smartwatches, smartphones, and tablets, and other smart products and can communicate with other components through a burgeoning network connected by the IoT. These components are the fundamental enabling technology of modern electronics and require microcontrollers, sensors, and memory to connect to each other and perform their functions. The infrastructure to connect all these devices is correlated to the continued innovations in the semiconductor technology.

The telecommunication industry has been heavily influencing the growth of electronic design automation market, driven by the increased use of testing tools and the consistent delivery of seamless communication services. The launch of long term evolution technology especially in countries such as China and India has also added an unprecedented stimulus to mobile devices market. In consequence, this has effectively augmented the revenue graph of electronic design automation industry, especially across the Asia Pacific region.

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The semiconductor industry has lately been experiencing a slight slump on account of the hindrances caused by weak global economy. Indeed, the economic situation has discouraged leading semiconductor companies from investing in research and development of electronic design automation. Nonetheless, despite constraints, electronic design automation market is still expected to witness a positive growth map ahead. As the global economic situation steadies itself, electronic design automation industry will witness a transformation of sorts and surpass $14 billion by 2024.

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