openPR Logo
Press release

Electronic Design Automation Market to Hit US$ 28.6 Billion by 2032 with 7.8% CAGR

06-22-2024 09:53 AM CET | IT, New Media & Software

Press release from: Fact.MR

Electronic Design Automation Market to Hit US$ 28.6 Billion

The global electronic design automation market is projected to expand at a 7.8% CAGR, reaching a valuation of $28.6 billion by 2032. EDA comprises software tools that electronic design engineers use to create hardware components and integrated circuits, automating design tasks to enhance efficiency and cost-effectiveness. These tools manage the complexity of modern designs by offering features such as simulation and analysis to identify and resolve issues early in the design process. Additionally, EDA tools provide comprehensive verification to ensure that designs meet specified standards, making them indispensable in the field of electronic design engineering.

The growth of the electronic design automation market is primarily fueled by the escalating complexity of semiconductor designs, which require advanced tools to efficiently manage intricate circuits. The rising demand for smaller, more powerful electronic components has led to a surge in EDA solution adoption, streamlining the design process and enhancing efficiency. However, the increasing complexity of these designs poses significant challenges, necessitating more sophisticated tools and methodologies. Additionally, as the value of these designs grows, concerns over intellectual property theft and unauthorized access have intensified, highlighting security issues within the EDA market.

Get Free Sample Copy of This Report- https://www.factmr.com/connectus/sample?flag=S&rep_id=7242

Key Takeaways

The anticipated growth in the US Electronic Design Automation (EDA) market is projected to reach $9.3 billion by 2032, with a compound annual growth rate (CAGR) of 7.3%. This upward trend is primarily driven by the increasing utilization of EDA tools across various industries, notably automotive and consumer electronics. The automotive sector, with its growing focus on electric and autonomous vehicles, relies heavily on advanced EDA solutions to design complex integrated circuits and ensure efficient, reliable performance. Similarly, the consumer electronics industry, constantly pushing for smaller, more powerful devices, benefits significantly from the streamlined design processes and enhanced efficiency offered by EDA tools. As a result, the adoption of EDA solutions in these sectors is expected to drive substantial market growth in the US over the next decade.

China's EDA market is also expected to experience significant growth, projected to reach a value of $2.1 billion by 2032, with a steady CAGR of 7.1%. This growth is largely attributed to the robust presence of key players in the semiconductor sector, such as HiSilicon and Semiconductor Manufacturing International Corporation (SMIC). These companies are pivotal in driving innovation and demand for advanced EDA tools within the region. The strong semiconductor manufacturing base in China supports the widespread adoption of sophisticated design and verification solutions, essential for maintaining competitive edge and advancing technological capabilities. During the forecast period, the integrated circuit (IC) physical design and verification segment is expected to lead the market, demonstrating a CAGR of 7.3% from 2022 to 2032. This segment's prominence underscores the critical need for precise and efficient design verification processes in managing the increasing complexity of modern semiconductor designs.

List of Key Companies Profiled in The Report

Cadence Design Systems
Siemens
Synopsys
Ansys
Keysight Technologies
Others

Recent Industry News

Recent industry news within the Electronic Design Automation market highlights the ongoing developments and strategic initiatives of key players. From mergers and acquisitions to partnerships and product launches, the landscape is marked by a flurry of activities. Industry giants are keenly focused on expanding their portfolios, enhancing collaboration, and staying at the forefront of innovation. Keeping abreast of these developments is crucial for stakeholders looking to navigate the competitive landscape and capitalize on emerging opportunities.

Notable Developments

Notable developments in the Electronic Design Automation market underscore the industry's commitment to pushing boundaries. Advancements in machine learning algorithms, the advent of cloud-based EDA solutions, and the integration of cybersecurity features are some of the noteworthy developments shaping the market. Additionally, the emphasis on open-source EDA tools reflects a shift towards more collaborative and accessible design solutions. These developments not only address current challenges but also pave the way for a more resilient and innovative EDA ecosystem.

Want Full Report? Enquire Here-https://www.factmr.com/report/electronic-design-automation-market

Competitive Landscape

In the dynamic realm of electronic design automation, market players are actively engaged in adopting advanced technological solutions to deliver optimal outcomes for their clientele. In response to the escalating competition within the market, industry vendors are strategically forging collaborations with global players. Recent developments within the industry shed light on the following key updates:

In July 2021, Zuken Inc. unveiled CR-8000 2021, an evolved iteration of CR-8000 with a primary focus on early design analysis and enhanced reuse functionality.

April 2021 witnessed ANSYS, Inc. entering into a strategic collaboration with Advanced Micro Devices, Inc. This partnership aims to empower engineering teams across industries in elevating their product design through the development of modeling run times. Notably, the 3rd Gen AMD EPYC 7003 Series processors have demonstrated a remarkable 2x increase in Ansys simulations' run time, showcasing the collaborative prowess of the two entities.

Contact:

US Sales Office
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583, +353-1-4434-232
Email: sales@factmr.com

About Fact.MR:

Fact.MR is a market research and consulting agency with deep expertise in emerging market intelligence. Spanning a wide range - from automotive & industry 4.0 to healthcare, technology, chemical and materials, to even the most niche categories.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Electronic Design Automation Market to Hit US$ 28.6 Billion by 2032 with 7.8% CAGR here

News-ID: 3549349 • Views:

More Releases from Fact.MR

Robot Arms Market is Anticipated to Reach US$ 77.2 Billion by 2033
Robot Arms Market is Anticipated to Reach US$ 77.2 Billion by 2033
According to Fact.MR, a market research and competitive intelligence provider, the global robot arms market is estimated to be valued at USD 26.2 billion in 2023 and is expected to expand at an impressive CAGR of 11.4% during the forecast period. The use of robot arms is increasing across diverse industries such as manufacturing, healthcare, logistics, supply chain, and retail. With the growing integration of technologies like machine learning and artificial
Mechanically Separated Poultry Market Is Projected To A Colossal $255.9 Million By 2034
07-19-2024 | Food & Beverage
Fact.MR
Mechanically Separated Poultry Market Is Projected To A Colossal $255.9 Million …
It is anticipated that the global mechanically separated poultry market would reach US$ 160.4 million by 2024. By the end of 2034, the mechanically separated poultry market is expected to grow at a 4.8% CAGR and be worth US$ 255.9 million worldwide. The mechanically separated poultry (MSP) market has seen consistent growth over recent years, driven by increasing demand for cost-effective meat products and advancements in food processing technologies. This
Glucose Management Supplement Market Is Expected To A Colossal $17.5 Billion By 2034
07-19-2024 | Food & Beverage
Fact.MR
Glucose Management Supplement Market Is Expected To A Colossal $17.5 Billion By …
The estimated worth of the global glucose management supplement market is expected to rise from US$ 9.7 billion in 2024 to US$ 17.5 billion by the end of 2034. It is true.Sales of glucose management supplements are expected to increase at a compound annual growth rate (CAGR) of 6.1% between 2024 and 2034, according to MR's most recent analysis. The glucose management supplement market has seen significant growth in recent years,
Rosehip Market Is Expanding Estimated To A Colossal $486.7 Million By 2034
07-19-2024 | Food & Beverage
Fact.MR
Rosehip Market Is Expanding Estimated To A Colossal $486.7 Million By 2034
The revenue from the global rosehip market is expected to grow at a 5.6% CAGR from 2024 to 2034, from a value of US$ 282.6 million in 2024 to US$ 486.7 million by the end of that year. The Rosaceae family includes the herbal medicine made from rosehips. This wild rose variety, also called Rosa canina, grows well in many parts of Asia, Africa, and Europe. After fertilization, rosehips, the

All 5 Releases


More Releases for EDA

Electronic Design Automation (EDA) Software Market 2021 | Detailed Report
Electronic Design Automation (EDA) Software Market Forecasts report provided to identify significant trends, drivers, influence factors in global and regions, agreements, new product launches and acquisitions, Analysis, market drivers, opportunities and challenges, risks in the market, cost and forecasts to 2027. Get Free Sample PDF (including full TOC, Tables and Figures) of Electronic Design Automation (EDA) Software Market @ https://www.reportsnreports.com/contacts/requestsample.aspx?name=5016395 The report provides a comprehensive analysis of company profiles listed below: -
EDA Software Market 2021 | Detailed Report
EDA Software Market Forecasts report provided to identify significant trends, drivers, influence factors in global and regions, agreements, new product launches and acquisitions, Analysis, market drivers, opportunities and challenges, risks in the market, cost and forecasts to 2027. Get Free Sample PDF (including full TOC, Tables and Figures) of EDA Software Market @ https://www.reportsnreports.com/contacts/requestsample.aspx?name=4988541 The report provides a comprehensive analysis of company profiles listed below: - Cadence (USA) - Mentor Graphics (USA) - ALTIUM
Cloud EDA Market Entry Strategies, Countermeasures, Economic Impact and Cloud ED …
(United States, New york, NY) The Global Cloud EDA Market Report published by Market Expertz offers a detailed study of market size, share, value, volume, and current landscape of the sector, along with an assessment of key market trends. The report includes an in-depth analysis of the major products and applications offered in the market, highlighting the revenue, price, sales, production, growth rate, and market share by each segment. Key
EDA Tools Market: Dynamics, Products, Application Forecast 2020-2030
The study of EDA Tools Market published by Prophecy Market Insights offerings all compilation of the historical, current and future outlook of the market. This report is very helpful for understanding the market complexity. This report will help manufacturers, distributors, and retailers to realize and understand the market drivers, restraints, and opportunities to generate revenue, and trends that are instrumental in shaping the target market and its revenue etc. Also
Electronic Design Automation Tools (EDA) Market, Worldwide, 2030
The “Electronic Design Automation Tools (EDA) Market Analysis to 2030” is a specialized and in-depth study of the Electronic Design Automation Tools (EDA) industry with a focus on the Electronic Design Automation Tools (EDA) market trend. The report aims to provide an overview of the Electronic Design Automation Tools (EDA) market with detailed market segmentation by component, application, end-user, and geography. The Electronic Design Automation Tools (EDA) market is expected
EDA in Automotive Market: Mentor Graphics, Synopsys, Agilent, Agnisys
MarketResearchReports.Biz has recently announced the Latest industry research report on: "Global EDA in Automotive Market" : Industry Size, Share, Research, Reviews, Analysis, Strategies, Demand, Growth, Segmentation, Parameters, Forecasts. This report studies the global EDA in Automotive market status and forecast, categorizes the global EDA in Automotive market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in United States, Europe, China, Japan, South