Press release
Soaring Demand Set to Propel Electronic Design Automation Software Market to $45.51 Billion by 2029
Electronic Design Automation Software
What Is the Expected CAGR for the Electronic Design Automation Software Market Through 2025?
Over the last few years, the electronic design automation software market has significantly expanded. It is projected to increase from $34.01 billion in 2024 to $35.82 billion in 2025, growing at a compound annual growth rate (CAGR) of 5.3%. The surge during the historic period can be associated with factors such as the rising complexity of integrated circuits, the growth in the consumer electronics and IoT markets, the expansion in aerospace and defense applications, the increased development in automotive electronics, as well as the surge in PCB design and manufacturing.
What's the Projected Size of the Global Electronic Design Automation Software Market by 2029?
In the coming years, the market size for electronic design automation software is projected to witness robust expansion. The market is slated to rise to $45.51 billion by 2029, with a CAGR of 6.2%. This projected growth during the forecast period is linked to developments in quantum computing, heightened focus on cybersecurity, advanced interconnects and 3D packaging, global trade and geopolitical aspects, as well as environmental regulations. The forecast period is also expected to see significant trends such as design automation for IoT security, distributed and cooperative design, real-time design analytics, design for reusability, and digital twin technology.
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Top Growth Drivers in the Electronic Design Automation Software Industry: What's Accelerating the Market?
The electronic device automation software market is predicted to escalate due to the expansion of the Internet of Things (IoT) and an increase in interconnected devices. IoT introduces automated procedures that trim down labor and operational costs, enhancing business function speed. The goal of IoT is to create an environment where everything is linked through embedded sensors, software, and other technologies. IoT devices gather data, which is then sent to a cloud gateway for analysis and potential further advancements. For example, IoT Analytics GmbH, a German market insights and strategic business intelligence provider, noted in May 2022 that global IoT connections in 2021 escalated by 8% to 12.2 billion active endpoints. This is predicted to climb another 18% to 14.4 billion active connections in 2022. Consequently, the increasing prevalence of IoT and connected devices fuels the growth of the EDAS market.
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What Trends Will Shape the Electronic Design Automation Software Market Through 2029 and Beyond?
Top-tier firms within the electronic design automation software market are consistently developing innovative solutions to enhance their standing in the market. The Electronic Design Automation (EDA) software involves a comprehensive set of unique tools meant for constructing, simulating, authenticating, and manufacturing of electronic systems, which includes integrated circuits (ICs) and printed circuit boards (PCBs). To illustrate, HCL, an IT services and consultancy firm based in India, launched a new Electronic Design Automation (EDA) in March 2024. The EDA tools serve to automate jobs like designing of circuits, layout, simulation, and verification, thereby intensifying productivity and minimizing errors. This cutting-edge solution is devised to speed up massive EDA implementations, drastically cut down time-to-market, and boost the quality and reliability of products. By linking with NetApp's Design Anywhere framework, HCLTech will assist clients in enhancing their IT surroundings, controlling infrastructure, and arranging workloads. Not to mention, they also offer a wide range of consumption models specifically targeted towards particular requirements.
What Are the Main Segments in the Electronic Design Automation Software Market?
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
Subsegments:
1) By Computer-Aided Engineering (CAE): Simulation and Analysis Software, Structural Analysis Tools, Thermal and Fluid Dynamics Simulation
2) By IC Physical Design and Verification: Layout Design Tools, Design Rule Checking (DRC) Software, Layout Versus Schematic (LVS) Verification Tools
3) By Printed Circuit Board and Multi-Chip Module (PCB and MCM): PCB Design Software, PCB Manufacturing Software, Multi-Chip Module Design Tools
4) By Semiconductor Intellectual Property (SIP): Standard Cell Libraries, Analog and Mixed-Signal IP, Digital Signal Processing (DSP) Cores
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Which Top Companies are Driving Growth in the Electronic Design Automation Software Market?
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
Which Regions Will Dominate the Electronic Design Automation Software Market Through 2029?
North America was the largest region in the electronic design automation software market in 2024. The regions covered in the electronic design automation software market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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