Electronic Design Automation Market Worth $17.47 Billion by 2030

Meticulous Research®, a prominent global market research company, has unveiled a report titled 'Global Forecast to 2030 - Electronic Design Automation Market.' In this latest publication, the global electronic design automation market is anticipated to achieve a valuation of $17.47 billion by 2030, experiencing a Compound Annual Growth Rate (CAGR) of 10.7% during the forecast period from 2023 to 2030. The primary drivers for this market growth include the increasing demand to simplify integrated circuit designing and the rising adoption of connected devices. Despite these positive indicators, the availability of open-source Electronic Design Automation (EDA) software acts as a restraining factor for market growth. Additionally, while the growing adoption of cloud technologies across Small and Medium-sized Enterprises (SMEs) presents significant growth opportunities, constant technological changes pose a challenge to market expansion.

The global electronic design automation market is segmented based on offering, deployment mode, and tool type. The study also assesses industry competitors and provides a detailed market analysis at the country level.

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In terms of offering, the market is divided into solutions and services. In 2023, the solutions segment is expected to dominate the market, accounting for the larger share, driven by the growing demand for complex integrated circuits and the increasing adoption of connected devices. However, the services segment is forecasted to register the highest Compound Annual Growth Rate (CAGR) during the forecast period.

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

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The market is segmented by tool type 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 rise of very large-scale integration (VLSI) systems and the increasing complexity of Integrated Circuits (ICs) and Printed Circuit Boards (PCBs) contribute to the large market share of this segment, which is also expected to register the highest CAGR during the forecast period.

Geographically, Asia-Pacific is anticipated to account for the largest share of the global electronic design automation market in 2023. This significant market share is attributed to the increasing number of electronic manufacturing companies and the rising demand for consumer devices, leading to growing demand for electronic design automation solutions in the region.

Key Players:
Key players operating in the global Electronic Design Automation market include 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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