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Comprehensive Analysis of Electronic Design Automation Software Market - Size, Share, and Growth Drivers
Electronic Design Automation Software Market
As per the report, 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 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%.
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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.
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 electronic design automation software market covered in this report is segmented -
1) By Type: Computer-Aided Engineering (CAE), IC Physical Design And Verification, Printed Circuit Board And Multi-chip Module (PCB And MCM), Semiconductor Intellectual Property (SIP)
2) By Application: Communication, Consumer Electronics, Automotive, Industrial, Aerospace And Defense, Medical
3) By End-Use: Microprocessors And Controllers, Memory Management Units
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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
Contents of the report:
1. Executive Summary
2. Electronic Design Automation Software Market Report Structure
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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