Press release
Electronic Design Automation Software Market 2024 Report By Key Companies, Regional Analysis And Forecast 2033
Electronic Design Automation Software Market
According to The Business Research Company's, 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.
Get The Complete Scope Of The Report @
https://www.thebusinessresearchcompany.com/report/electronic-design-automation-software-global-market-report
Market Drivers and Trends:
The growing semiconductor industry is expected to propel the growth of the electronic device automation (EDA) software market going forward. The semiconductor industry is a sector of the electronics industry focused on the research, development, design, manufacturing, and distribution of semiconductor devices, commonly referred to as chips or integrated circuits. EDA software accelerates the semiconductor design and manufacturing process, reduces errors, enhances the quality of semiconductor devices, and contributes to innovation by enabling semiconductor companies to develop advanced and efficient electronic components and systems. For instance, in September 2023, according to the Semiconductor Industry Association, a US-based trade association and lobbying group, global semiconductor industry sales totalled $43.2 billion during the month of July 2023, an increase of 2.3% compared to the June 2023 total of $42.2 billion. Therefore, the growing semiconductor industry is driving the growth of the electronic device automation (EDA) software market.
Major companies operating in the electronic design automation software market are focused on introducing innovative solutions for streamlining and accelerating chip design DFT (design-for-test) processes to gain a competitive edge in the market. Streamlining and accelerating chip design DFT processes refer to the use of DFT (design-for-test) techniques to improve the efficiency and speed of the chip design process. For instance, in October 2023, Siemens Digital Industries Software, a US-based computer software company, launched Tessent RTL Pro, an EDA (Electronic Design Automation) software designed to aid IC (integrated circuit) design teams in streamlining and accelerating a wide range of crucial design-for-test (DFT) procedures for their upcoming designs. Using rapid synthesis and ATPG (automated test pattern generation) to find and fix outlier blocks, Siemens' Tessent software enables the analysis and insertion of the majority of their DFT logic relatively early in the design phase. Early in the design flow, Tessent RTL Pro automates the analysis and insertion of test points, wrapper cells, and x-bounding logic. This can reduce design cycles and enhance the testability of their designs.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=6789&type=smp
Major Key Players of the Market:
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
Electronic Design Automation Software Market 2024 Key Insights:
• 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%.
• Semiconductor Industry Growth Propels Eda Software Market
• Eda Market Introduces Innovative Dft Solutions For Streamlined Chip Design
• North America was the largest region in the electronic design automation software market in 2023.
We Offer Customized Report, Click @
https://www.thebusinessresearchcompany.com/Customise?id=6789&type=smp
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR22DxlCpgmyFQ
Learn More About The Business Research Company
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.
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 Software Market 2024 Report By Key Companies, Regional Analysis And Forecast 2033 here
News-ID: 3683490 • Views: …
More Releases from The Business research company
Company Registration Service Market Landscape 2025: Forecast Data and Growth Str …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Company Registration Service Market Through 2025?
The market size for company registration services has seen robust growth in the recent past. The market is projected to expand from $10.67 billion in 2024 to $11.55 billion in 2025, exhibiting a compound annual growth…
Comprehensive 2025 Commercial Toilet Partition Market Overview: Trends, Forecast …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Toilet Partition Market Through 2025?
In recent years, the market size for commercial toilet partitions has significantly expanded. The forecast predicts a rise from $1.82 billion in 2024 to $1.95 billion in 2025, with a compound annual growth rate (CAGR) of…
Key Trends Influencing the Growth of the Commercial Insurance For Small And Medi …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Insurance For Small And Medium-Sized Enterprises (SMEs) Market Through 2025?
The market size of commercial insurance for small and medium-sized enterprises (SMEs) has seen substantial growth over the recent years. A rise from $111.83 billion in 2024 to $119.76 billion in…
Growing Focus On Reducing Greenhouse Gas Emissions Driving The Market Growth Due …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Combustion Emissions Analyzer Market Through 2025?
In the past few years, the market size for combustion emissions analyzer has seen robust growth. It is projected to increase from $1.02 billion in 2024 to $1.09 billion in 2025, with a compound annual growth…
More Releases for Design
Advertising Design Services Market Growth, Trends, and Opportunities Forecast to …
Infinity Business Insights is providing qualitative and informative knowledge by adding the title Advertising Design Services Market to recognize, describe and forecast the global market. The report provides systematic consideration analysis along with forecasts for market players. The report aims to facilitate understanding of the global Advertising Design Services market forecast through statistical and numerical data in the form of tables, graphs, and charts. The study provides a calculated assessment…
Web Design Agency London Wordpress Design & Development
Your London web design agency
We are a London web design company delivering stunning, functional websites and apps that resonate with the people interacting with them - your clients.
Our websites and apps don't just look good, they perform, they convert. If you are looking to generate enquiries, increase sales, build platforms or maximise awareness we have the in-house web design and development teams in place to achieve this.
As a top creative…
Industrial Design Market With Top Key Players IDEO,Frog Design,Designworks,ARTOP …
Product, gadget, object, and service design are all examples of industrial design. Through creative goods, systems, services, and experiences, it is a strategic problem-solving process that promotes innovation, generates business success, and contributes to a better quality of life. Industrial design is concerned with bridging the gap between what is and what is feasible. The increasing rise of the automotive, consumer electronics, medical and healthcare industries, as well as other…
Raffles Design International Launches Design Portfolio Building Program To Help …
A designer’s portfolio offers a window for the world to look at their work and judge their talent, skills, and experience. Whether a graphic designer, a product designer, an illustrator or a web designer, design portfolios are the prism through which designers are constantly evaluated by clients and potential employers alike. A great portfolio can propel any designer towards a ladder of success and open up new opportunities. However, failing…
Linkupdesign: Reinventing packaging design | packaging design agency
At this point we would like to introduce our packaging design service to you. We are a packaging design agency and also work in other design disciplines. However, our core area is packaging design, where we passionately and professionally create wrappings for products. We design sales-boosting packaging that lets your products speak for themselves. We work for food products as well as non-food products. Our packaging embodies the product itself,…
Industrial Design Market Size to Expand with 5.85% CAGR till 2025 with Eminent P …
Industrial Design Market Share, Size, Trends, And Business Opportunity Analysis Report 2019 include historic data, with forecast data to 2025. Industrial Design Industry report is helpful for future strategy development, and to know about Market Drivers, Restraints, Opportunities, And Global market size, share, Growth, Trends, key players forecast to 2025.
The industrial design market has been growing steadily over the last couple of decades. Factors that are predominantly driving the growth…
