EDA market Size in North America Region is Expected to Grow Rapidly Over 2025
EDA market is anticipated to exceed USD 14 billion by 2024 with the industry growth pegged at a CAGR of over 6% from 2017 to 2024. Growing demand for EDA tools to design and manufacture electronic products and systems, such as deep learning, Internet of Things (IoT), virtual reality, augmented reality, and autonomous vehicle systems, will positively impact the EDA market growth.
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The infrastructure to connect all these devices is correlated to the continued innovations in the semiconductor technology. Owing to the rise in the adoption of smartphones and tablets over the last few years, the industry has witnessed an increase in touchscreens, proximity sensors, accelerometers, and camera modules. Designing these devices necessitates electronic tools, generating a high demand for the EDA market growth.
Key Players are:
• Solido Design Automation
• Mentor Graphics
• Silvaco International
• National Instruments
• Keysight Technologies
3. EDA Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2013 – 2024
3.2.1. Global semiconductor industry landscape
188.8.131.52. North America
184.108.40.206. Asia Pacific
220.127.116.11. Latin America
3.2.2. Global computer engineering industry landscape
18.104.22.168. North America
22.214.171.124. Asia Pacific
126.96.36.199. Latin America
3.2.3. Global consumer electronics industry landscape
188.8.131.52. North America
184.108.40.206. Asia Pacific
220.127.116.11. Latin America
3.2.4. Global Electronic System Design & Manufacturing (ESDM) industry landscape
18.104.22.168. North America
22.214.171.124. Asia Pacific
126.96.36.199. Latin America
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The Semiconductor Intellectual Property (SIP) market accounted for over 30% of the EDA market share in 2016 and is anticipated to grow at a high CAGR from 2017 to 2024. Growing applications of the SIP are witnessed majorly in the consumer electronics industry owing to the rise in the adoption of mobile devices such as tablets and smartphones.
In addition, the rise in investments from the government entities has led to a rise in the healthcare expenditure to enhance the healthcare infrastructure. Growing focus on the patient safety, intensifying government legislation, and technological revolution have augmented the usage of electronic designing tools, boosting the EDA market growth in the region.
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Key players in the EDA market include Synopsys, Inc., Cadence Design Systems, Mentor Graphics, Zuken, Inc., CadSoft Computer, Solido Design Automation, National Instruments, Xilinx, Inc., JEDA Technologies, Pulsonix, Intercept Technology, Inc., Invionics, and Keysight Technologies, among others.
The EDA market is characterized by moderate to high entry barriers, making it difficult for new players to gain a foothold in the industry. The industry comprises many players with a few prominent brands. The demand for consumer electronics and electric vehicles is anticipated to drive the EDA market growth.
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