Press release
Electronic Design Automation (EDA) Market Share, Analysis, Growth Trends And Forecast From 2024-2033
The new report published by The Business Research Company, titled ""Electronic Design Automation (EDA) Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.As per the report, the electronic design automation (EDA) market size has grown rapidly in recent years. It will grow from $14.2 billion in 2023 to $15.68 billion in 2024 at a compound annual growth rate (CAGR) of 10.4%. The electronic design automation (EDA) market size is expected to see strong growth in the next few years. It will grow to $22.07 billion in 2028 at a compound annual growth rate (CAGR) of 8.9%.
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Electronic Design Automation (EDA) Market Thrives On Demand For Complex Integrated Circuits
The increasing demand for complex integrated circuits (ICs) is expected to propel the growth of the electronic design automation (EDA) market going forward. Complex integrated circuits (ICs) are compact electronic chips made up of interconnected components, including resistors, transistors, and capacitors, built on a single piece of semiconductor material, such as silicon. EDA tools help engineers to efficiently navigate the complexities of developing advanced integrated circuits, ensuring functionality, performance, and manufacturability meet the desired specifications. These tools can compile, analyze, and simulate these HDL descriptions to verify the correctness of the design and ensure it meets the required specifications.. For instance, in February 2022, according to the semiconductor industry association (SIA), a US-based trade association and lobbying group, global semiconductor sales reached $555.9 billion in 2021, marking a 25.1% increase compared to 2020. Therefore, the increasing demand for complex integrated circuits (ICs) is driving the growth of the electronic design automation market.
Siemens AG Introduces Tessent RTL Pro Revolutionizing integrated circuit (IC) Design Optimization With Advanced Software Solution
Major companies operating in the electronic design automation (EDA) market are developing innovative products such as Tessent RTL Pro to gain a competitive edge in the market. Tessent RTL Pro is a software solution designed to help integrated circuit (IC) design teams streamline and accelerate a broad array of critical design-for-test (DFT) tasks for their next-generation designs. For instance, in October 2023, Siemens AG, a Germany-based automation company that designs, develops, and manufactures products, launched the Tessent RTL Pro advanced software solution. This innovative software automates the analysis and insertion of test points, wrapper cells, and x-bounding logic earlier in the design flow, enabling engineers to identify and address testability issues at the earliest stages of design. Tessent RTL Pro works with Siemens' Tessent DFT tools to deliver industry-first functionality, allowing customers to reduce design turn-around-time and improve time-to-market.
The electronic design automation (EDA) market covered in this report is segmented -
1) By Type: Computer Aided Engineering (CAE), Semiconductor Intellectual Property (SIP), Integrated circuit (IC) Physical Design And Verification, Printed Circuit Board (PCB) And Multi-Chip Module (MCM)
2) By Deployment Mode: Cloud-Based, On-Premises
3) By Application: Microprocessors And Microcontrollers, Memory Management Units, Other Applications
4) By End User: Automotive Industry, Healthcare Industry, Aerospace And Defense Industry, Telecom And Data Centre Industry, Consumer Electronics Industry, Industrial Sector, Other End-Users
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Major companies operating in the electronic design automation (EDA) market are Siemens AG, Oracle Corporation, SAP SE, Advanced Micro Devices Inc., Dassault Systemes, Keysight Technologies Inc., Synopsys Inc., Autodesk Inc., Cadence Design Systems Inc., Werner Enterprises, Xilinx Inc., Ansys Inc., National Instruments Corp., MathWorks Inc., eInfochips Private Limited, Mentor Graphics Corporation, Altium Limited, BluJay Solutions Ltd., Zuken Inc., Silvaco Inc., Aldec Inc., Agnisys Inc., Labcenter Electronics Ltd., Intercept Technology Inc., Sigasi NV, Altair Engineering Inc., Boldport Limited, Dolphin Design, EasyEDA, EnSilica plc, Eremex Ltd.
Contents of the report:
1. Executive Summary
2. Electronic Design Automation (EDA) Market Report Structure
3. Electronic Design Automation (EDA) Market Trends And Strategies
4. Electronic Design Automation (EDA) Market - Macro Economic Scenario
5. Electronic Design Automation (EDA) Market Size And Growth
…..
27. Electronic Design Automation (EDA) Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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