Press release
Steady Growth and Technological Advancements Propel the Electronic Design Automation Software Market
Steady Growth and Technological Advancements
What Is The Projected Market Size Of The Global Electronic Design Automation Software Market And Its Growth Rate?
The electronic design automation software market recorded strong growth in recent years. Key characteristics of the market growth include:
• The market size is estimated at $34.75 billion in 2024 and is expected to grow to $36.86 billion in 2025, reflecting a CAGR of 6.1%.
• Tailwinds including increased complexity of integrated circuits, advancement in IoT, and growth in consumer electronics, aerospace, defence, and automotive electronics are attributing to the growth.
• The market size is anticipated to hit the $47.01 billion mark in 2029, growing at a CAGR of 6.3%.
• Trends promising growth include quantum computing development, cybersecurity progression, advanced interconnects and 3D packaging, international trade and geopolitical influences, and environmental regulations.
What Is Driving The Growth In The Electronic Design Automation Software Market ?
The growth of the Internet of Things (IoT) and connected devices are expected to spur the growth of the electronic design automation software market. The objectives of IoT, to build an ecosystem connecting everything through embedded sensors, software, and other technologies, considerably slash labor and operational costs and speed up the business processes. For instance, IoT Analytics GmbH reported a growth of 8% in global IoT connections, accounting for 12.2 billion active endpoints in 2021 and projecting a growth of 18% to 14.4 billion active connections in 2022. Thus, the growth of IoT and connected devices is projected to fuel the EDAS market.
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Who Are the Key Players Driving Electronic Design Automation Software Market Growth?
Key players leading 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.
What Are The Key Trends In The Electronic Design Automation Software Market?
Key trends in the Electronic Design Automation Software market include:
• Digital twin technology
• Design for reusability
• Real-time design analytics
• Distributed and collaborative design
• Design automation for IoT security
What Are The Segments Of The Global Electronic Design Automation Software Market?
Market segmentation of the Global Electronic Design Automation Software includes:
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
Which Region Leads The Electronic Design Automation Software Market?
North America was the largest region in the electronic design automation software market in 2024. The report extends to other regions such as Asia-Pacific, Western Europe, Eastern Europe, South America, Middle East, and Africa.
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What Is Covered In The Electronic Design Automation Software Market Global Market Report?
- Market Size Analysis: Analyze the Electronic Design Automation Software Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Electronic Design Automation Software Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Electronic Design Automation Software Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Electronic Design Automation Software Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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