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Electronic Design Automation Software Market Outlook 2024: Exclusive Report By The Business Research Company
Electronic Design Automation Software Market
The Business Research Company offers in-depth market insights through Electronic Design Automation Software Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The electronic design automation software market size has grown strongly in recent years. It will grow from $30.43 billion in 2023 to $32.24 billion in 2024 at a compound annual growth rate (CAGR) of 5.9%. The growth in the historic period can be attributed to increased complexity of integrated circuits, growth in iot and consumer electronics market, growth in aerospace and defense applications, growth in automotive electronics, rise in pcb design and manufacturing.
The electronic design automation software market size is expected to see strong growth in the next few years. It will grow to $40.13 billion in 2028 at a compound annual growth rate (CAGR) of 5.6%. The growth in the forecast period can be attributed to quantum computing development, increasing emphasis on cybersecurity, 3d packaging and advanced interconnects, international trade and geopolitical factors, environmental regulations. Major trends in the forecast period include digital twin technology, design for reusability, real-time design analytics, distributed and collaborative design, design automation for iot security.
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Market Segmentation:
The main types of electronic design automation software are computer-aided engineering (CAE), IC physical design and verification, printed circuit board and multi-chip module (PCB and MCM) and semiconductor intellectual property (SIP). The computer-aided engineering (CAE) is a computer software that improve products and resolve engineering problems. It enables physical property tests and simulations to be performed without the need for a physical prototype. Electronic design automation software are used in microprocessors and controllers and memory management units and have application in communication, consumer electronics, automotive, industrial, aerospace and defense and medical.
Major Driver - IOT And Connected Devices Fuel Growth Of Electronic Device Automation Software Market
The growth of the internet of things (IoT) coupled with connected devices is expected to propel the growth of the electronic device automation software market. The IoT brings automation to the processes, which reduces labor and operational cost, ultimately increasing the speed of the business's function. The objective of IoT is to build an ecosystem that connects everything through embedded sensors, software, and other technologies. The IoT devices collect data and send it to the cloud gateway to get analyzed for future improvements and developments. For instance, in May 2022, an article published by IoT Analytics GmbH, a Germany-based provider of market insights and strategic business intelligence for IoT, in 2021, the number of global IoT connections grew by 8% accounting for 12.2 billion active endpoints and expected to grow 18% to 14.4 billion active connections in the year 2022. Therefore, the growth of the internet of things (IoT) and connected devices is driving the EDAS market.
Competitive Landscape:
Major companies operating in the electronic design automation software market include Aldec Inc., Altium Llc, Ansys Inc., Cadence Design Systems Inc., Synopsys Inc., Siemens AG, Zuken Inc., Silvaco Inc., Keysight Technologies Inc., eInfochips Inc., Xilinx Inc., Vennsa Technologies Inc., Boldport Limited, ProteanTecs Ltd., Tempo Automation Holdings Inc., Solido Design Automation Inc., DeFacTo Technologies Pvt. Ltd., IC Manage, Ing.-Büro FRIEDRICH GmbH, JEDA Technologies Inc., Lauterbach GmbH, Shanghai Hejian Industrial Software Group Co. Ltd., Concurrent EDA LLC, edXact SA, Altair Engineering Inc., Lattice Semiconductor Corporation, Microchip Technology Inc., AWR Corporation, Averant Inc., Carbon Design Systems
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Top Trend - Eda Software Market Embracing Technological Advancements For Competitive Edge
Technological advancement is a key trend gaining popularity in the electronic design automation software market. Major companies operating in the EDA software market are focused on providing technologically-advanced solutions to strengthen their market position. These companies are implementing technologies such as FinFet, AI, VR, IoT, and SoC to present new growth opportunities for EDA tools. For instance, in April 2021, Defacto Technologies, a France-based chip design software company, introduced SoC Compiler v9 tools in their EDA software offering, which automates the process of building IP, front-end SoC creation & integration, and getting RTL design collaterals ready for logic synthesis much quicker than before.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Electronic Design Automation Software Market Characteristics
3. Electronic Design Automation Software Market Trends And Strategies
4. Electronic Design Automation Software Market - Macro Economic Scenario
5. Electronic Design Automation Software Market Size And Growth
…..
27. Electronic Design Automation Software Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.
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