Electronic Design Automation Market Size, Share, and Report 2024-2032

According to IMARC Group latest report titled "Electronic Design Automation Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032", offers a comprehensive analysis of the industry, which comprises insights on electronic design automation market. The report also includes competitor and regional analysis, and contemporary advancements in the global market.

The global electronic design automation market size reached US$ 11.5 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 21.5 Billion by 2032, exhibiting a growth rate (CAGR) of 7% during 2024-2032.

Request a Free Sample Report: https://www.imarcgroup.com/electronic-design-automation-market/requestsample

Factors Affecting the Growth of the Electronic Design Automation (EDA) Industry:

• Increasing Complexity of Semiconductor Device Designs: The escalating complexity of semiconductor device designs is a primary driver for the Electronic Design Automation (EDA) market. Modern semiconductor devices, including microprocessors, GPUs, and memory chips, are incredibly complex, integrating billions of transistors into a tiny area. This complexity arises from the need to enhance performance, reduce power consumption, and minimize size, aligning with the Moore's Law prediction. EDA tools play a crucial role in managing this complexity by providing advanced modeling, simulation, and verification capabilities. They enable designers to create intricate circuits that meet precise specifications, ensuring functionality, reliability, and efficiency.

• Proliferation of Smart Devices and IoT Applications: The proliferation of smart devices and Internet of Things (IoT) applications significantly drives the EDA market. Smart devices, which include smartphones, smartwatches, home automation systems, and IoT sensors, require sophisticated integrated circuits (ICs) to function. These devices are becoming increasingly complex, with requirements for connectivity, low power consumption, and high performance. The growth in IoT applications, which integrate physical objects with sensors and software for data collection and exchange, further escalates the demand for advanced ICs. EDA tools are essential for designing these ICs, enabling engineers to simulate and test circuits before production.

Evolution of the Automotive Industry: The automotive industry's evolution, marked by the shift towards electric vehicles (EVs) and autonomous driving technologies, has a profound impact on the EDA market. Modern vehicles are becoming "computers on wheels," incorporating advanced electronic systems for navigation, safety, power management, and entertainment. The development of EVs and autonomous vehicles further elevates the complexity and number of electronic components required, making EDA tools critical for their design and verification. These tools allow automotive manufacturers and their suppliers to create and test complex electronic systems in virtual environments, significantly reducing development times and costs while ensuring safety and compliance with industry standards.

View Full Report with TOC & List of Figure: https://www.imarcgroup.com/electronic-design-automation-market

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players operating in the market.

• Altium Limited
• ANSYS, Inc.
• Autodesk Inc.
• Boldport Limited
• Cadence Design Systems Inc.
• Siemens AG
• Silvaco Inc.
• Synopsys, Inc.
• Vennsa Technologies
• Xilinx, Inc.

Electronic Design Automation (EDA) Market Report Segmentation:

Our report has categorized the market based on region, solution type, deployment type, and end-use industry.

By Solution Type:
• Semiconductor IP
• CAE (Computer Aided Engineering)
• IC Physical Design and Verification
• PCB & MCM (Printed Circuit Board and Multi-Chip Module)
• Services
Semiconductor IP represents the largest segment by solution type because it provides essential, reusable design components that significantly reduce development time and costs for complex integrated circuits.

By Deployment Type:
• On-Premises
• Cloud-Based
By the deployment type, the market has been bifurcated into on-premises and cloud-based.

By End-Use Industry:
• Military/Defense
• Aerospace
• Telecom
• Automotive
• Healthcare
• Others
Automotive has emerged as the largest segment due to the increasing incorporation of advanced electronics in vehicles for navigation, safety, infotainment, and autonomous driving technologies.

Regional Insights:
• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, South Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa
North America is the largest market due to its strong semiconductor industry, presence of leading technology companies, and substantial investments in research and development, driving high demand for EDA tools.

Global Electronic Design Automation (EDA) Market Trends:

The global electronic design automation (EDA) market is driven by the increasing complexity of semiconductor device designs, which necessitates sophisticated EDA tools for efficient and accurate modeling, simulation, and verification, ensuring that the devices meet the required specifications and standards. In line with this, the proliferation of smart devices and IoT applications has led to a surge in demand for integrated circuits (ICs), directly impacting the EDA market positively.

Furthermore, the automotive industry's rapid evolution, particularly with the advent of electric vehicles (EVs) and autonomous driving technologies, requires advanced electronic systems, further fueling the market growth. Apart from this, the push towards miniaturization and the need for power-efficient, high-performance electronic components have made EDA tools indispensable in the design process.

Key Highlights of the Report:
• Market Performance (2018-2023)
• Market Outlook (2024-2032)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

Contact US:

IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA

Email: sales@imarcgroup.com

Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145 | United Kingdom: +44-753-713-2163

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

This release was published on openPR.