Electronic Design Automation Market Worth $17.47 Billion by 2030

Meticulous Research®-a leading global market research company, published a research report titled, 'Electronic Design Automation Market by Offering (Solutions, Services), Deployment Mode (Cloud-based deployment, On-premise deployment), Tool Type (Design tools, Verification Tools, Simulation Tools), and Geography - Global Forecast to 2030'.

According to this latest publication from Meticulous Research®, the global electronic design automation market is expected to reach $17.47 billion by 2030 at a CAGR of 10.7% during the forecast period 2023-2030. The growth of this market is driven by the growing need to reduce the complexity of integrated circuit designing and the increasing adoption of connected devices. However, the availability of open-source EDA software restrains the growth of this market. Additionally, the growing adoption of cloud technologies across SMEs is expected to create significant growth opportunities for the stakeholders in this market. However, constant technological changes are expected to pose a challenge to market growth.

The global electronic design automation market is segmented based on offering, deployment mode, and tool type. The study also evaluates industry competitors and analyses the market at the country level.

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Based on offering, the global electronic design automation market is segmented into solutions and services. In 2023, the solutions segment is expected to account for the larger share of the global electronic design automation market. The large market share of this segment is attributed to the growing demand for complex integrated circuits and the increasing adoption of connected devices. However, the services segment registered the highest CAGR during the forecast period.

Based on deployment mode, the global electronic design automation market is segmented into on-premise deployment and cloud-based deployment. In 2023, the cloud-based deployment segment is expected to account for the larger share of the global electronic design automation market. The large market share of this segment is attributed to the rising adoption of connected devices, the increasing demand for complex integrated circuits, and technological advancement in consumer electronics. Furthermore, this segment is slated to register the highest CAGR during the forecast period.

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Based on tool type, the global electronic design automation market is segmented into design tools, verification tools, and simulation tools. In 2023, the design tools segment is expected to account for the largest share of the global electronic design automation market. The large market share of this segment is attributed to the rise of very large-scale integration (VLSI) systems and the increasing complexity of ICs and PCBs. This segment is also slated to register the highest CAGR during the forecast period.

Based on geography, the electronic design automation market is broadly segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2023, Asia-Pacific is expected to account for the largest share of the global electronic design automation market. The growth of this region is attributed to the increasing number of electronic manufacturing companies and rising demand for consumer devices. As a result, the demand for electronic design automation solutions in the region is expected to grow during the forecast period.

Key Players:

The key players operating in the global Electronic Design Automation market are Cadence Design Systems, Inc. (U.S.), Synopsys, Inc. (U.S.), Siemens AG (Germany), ANSYS, Inc. (U.S.), Keysight Technologies, Inc. (U.S.), Xilinx, Inc. (U.S.), eInfochips (U.S.), Altium Limited (U.S.), Zuken (Japan), Silvaco, Inc. (U.S.), Altair Engineering Inc. (U.S.), Autodesk, Inc. (U.S.), EnSilica (U.K.), EMWorks, Inc. (Canada), and Aldec, Inc. (U.S.).

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Scope of the Report:

Electronic Design Automation Market, by Offering

Solutions
Computer-aided Engineering
IC Physical Design & Verification
PCB & MCM Design
Semiconductor IP Design
Services

Electronic Design Automation Market, by Deployment Mode

On-premise deployment
Cloud-based deployment

Electronic Design Automation Market, by Tool Type

Design Tools
Verification Tools
Simulation Tools

Electronic design automation Market, by Geography

North America
U.S.
Canada
Europe
Germany
U.K.
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Taiwan
Singapore
Rest of Asia-Pacific
Latin America
Middle East & Africa

To gain more insights into the market with a detailed table of content and figures, click here: https://www.meticulousresearch.com/product/electronic-design-automation-market-5465

About Meticulous Research®

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The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze and present the critical market data with great attention to details. With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth.

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