Electronic Design Automation Market Size to Surpass US$ 28.6 billion by 2032, at 7.8% CAGR

The global Electronic Design Automation Market is expected to grow at a 7.8% CAGR to a US value of $28.6 billion by the end of 2032.

Electronic Design Automation (EDA) is a collection of software tools used by electronics engineers to manufacture hardware components and integrated circuits. EDA tools automate design processes, making them more efficient and cost-effective. They manage the complexity of current designs by providing capabilities such as simulation and analysis to identify and address problems early. EDA tools also perform rigorous verification, ensuring that designs match specified criteria.

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The growth of the Electronic Design Automation (EDA) market is primarily driven by the increasing complexity of semiconductor designs, necessitating advanced tools to manage intricate circuits efficiently. The demand for smaller and more powerful electronic components has led to a surge in the adoption of EDA solutions, as they streamline the design process and enhance efficiency.

The continuous increase in the complexity of semiconductor designs poses a significant challenge, demanding more sophisticated tools and methodologies. As designs become more valuable, there is an increased risk of intellectual property theft and unauthorized access, raising security concerns within the EDA market.

Key Takeaways:

• The anticipated growth in the US market is projected to reach $9.3 Bn by 2032, with a CAGR of 7.3%. This upward trend can be attributed to the rising utilization of EDA tools in various industries, including automotive and consumer electronics.

• By the conclusion of 2032, China is forecasted to attain a value of US $2.1 Bn, experiencing a steady climb with a CAGR of 7.1%. The anticipated surge in market growth is attributed to the strong presence of key players in the semiconductor sector in China, including HiSilicon and Semiconductor Manufacturing International Corporation (SMIC), among others.

• During the forecast period, it is expected that the ICI physical design and verification segment will take the lead in the market. This segment is projected to demonstrate a CAGR of 7.3% from 2022 to 2032.

List of Key Companies Profiled in The Report

• Cadence Design Systems
• Siemens
• Synopsys
• Ansys
• Keysight Technologies
• Others

Winning strategies

• Key players in the market differentiate themselves by cultivating specialized domain expertise, focusing on specific industries or applications such as automotive, aerospace, or high-performance computing.

• Making Electronic Design Automation (EDA) tools user-friendly and intuitive is a winning strategy. It improves user experience, reduces the learning curve, and makes the tools accessible to a broader range of design professionals.

• Leading players in the industry should make sure that EDA tools comply with industry standards and certifications. This builds customer confidence, especially in regulated industries like automotive and aerospace, by assuring reliability and quality.

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Market Competition

Prominent companies are implementing diverse technologically advanced solutions to provide effective services to their clientele, with industry leaders such as Cadence Design Systems, Inc., Synopsys, Inc., Siemens, ANSYS, Inc., and Keysight Technologies, Inc.

• In April 2022, GBT Technologies Inc. announced that it would develop Gate-All-Around FET (GAA FET) support for its integrated circuits. The tool works on integrated Circuit layout data and is also helpful in checking manufacturing, geometrical, and electric design rules correctness during construction of an IC layout.

• In April 2021, ANSYS, Inc. revealed a strategic partnership with Advanced Micro Devices, Inc. This collaboration aims to support engineering teams across various industries in improving unique and innovative product designs by enhancing modeling run times.

The Electronic Design Automation market stands as a dynamic and pivotal force in the world of technology. With a foundation rooted in innovation and adaptability, EDA tools continue to shape the future of electronic design. The evolving landscape, driven by market dynamics, demand, and growth opportunities, ensures that the EDA market remains at the forefront of technological advancements, facilitating the development of cutting-edge electronic systems and integrated circuits.

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This release was published on openPR.