Electronic Design Automation Software Market Size Is Set To Fly High In Years To Come | Altium LLC, ANSYS, Autodesk, Cadence Design Systems, Keysight Technologies, Mentor, a Siemens Business, Silvaco

Electronic Design Automation (EDA) software involves a diverse set of algorithms and applications that are required for the design of complex next generation semiconductor and electronics products. The EDA software are used to design and verify integrated circuits (ICs), printed circuit boards (PCBs), and electronic systems. The EDA software market is closely related to semiconductor industry; EDA software is also known as ECAD software. Increase in importance of EDA in the electronic design processes, advancement in SoC technology, and surge in penetration of modern technologies such as IoT, AI are the major factors that mainly drive the growth of the electronic design automation software market. However, availability of the open-source EDA software and the risk of cyber threat is expected to hinder the EDA market growth. On the contrary, rise in demand for miniature electronic devices and for machine learning in EDA is anticipated to provide lucrative opportunities for the market growth in the coming years.

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Governmental organizations are boosting their maintenance budgets for system infrastructure while simultaneously funding initiatives for project development, modernization, and enhancement. As a result of the investments' success, ICT vendors now annually set aside funding for the growth of the online market. Global ICT exports are anticipated to increase 3.9% on average year from US$ 784.3 billion in 2021 to US$ 955.19 billion in 2030. Global supply has increased by 9.5% yearly since 2009. In terms of global ICT exports in 2021, Ireland came in first place with US$ 169. 32 billion. The rankings placed China at number 4, the United States at number 2, and India at number 3. Since 2009, Brunei has increased by 228.2% year over year, while Sierra Leone has decreased by 61.7% year over year.

By 2026, European ICT Revenue is likely to increase by 1.5% annually, from US$ 1,802,413 Million in 2021 to US$ 1,933,429 Million. The European market has increased by 3.1% annually since 2016. In terms of ICT Revenue in Europe in 2021, Germany came in first place with US$ 339,074 million. Positions 2, 3, and 4 in this ranking were held by the United Kingdom, France, and Ireland, respectively. Since 2016, Malta has increased by 16.5% year over year, while Italy has decreased by 0.2%.

The electronic design automation software market is segmented on the basis of type, deployment, application and region. Depending on type, it is classified into Computer-aided Engineering (CAE), IC Physical Design and Verification, Printed Circuit Board and Multi-chip Module (PCB and MCM), Semiconductor Intellectual Property (SIP) and services. As per application, it is classified into communication, consumer electronics, automotive, industrial, Aerospace & defense, medical, and others. By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

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Key benefits for stakeholders
- The study provides in-depth analysis of the global electronic design automation software market along with the current & future trends to explain the imminent investment pockets.
- Information about key drivers, restrains, & opportunities and their impact analyses on the market size is provided in the report.
- Porter's five forces analysis illustrates the potency of buyers and suppliers operating in the industry.
- The quantitative analysis of the global electronic design automation software market from 2019 to 2027 is provided to determine the market potential.

Key market players
- Aldec, Inc.
- Altair
- Altium LLC
- ANSYS, Inc.
- Autodesk
- Cadence Design Systems, Inc.
- Keysight Technologies
- Mentor, a Siemens Business
- Silvaco Inc.
- Synopsys

Key market segments

By Type
- Computer-aided Engineering (CAE)
- IC Physical Design and Verification
- Printed Circuit Board and Multi-chip Module (PCB and MCM)
- Semiconductor Intellectual Property (SIP)
- Services

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By Application
- Communication
- Consumer Electronics
- Automotive
- Industrial
- Aerospace & Defense
- Medical
- Others

By Region
- North America
o U.S.
o Canada
- Europe
o UK
o Germany
o France
o Rest of Europe
- Asia-Pacific
o China
o India
o Japan
o South Korea
o Rest of Asia-Pacific
- LAMEA
o Latin America
o Middle East
o Africa

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