About Electronic Design Automation
Electronic design automation (EDA) refers to a group of software tools used for designing an electronic system such as integrated circuits (ICs) and printed circuit boards (PCBs). This software tools work together for analyzing the system's performance and evaluate the power needs. Owing to technological advancements, growing automation in numerous industries and integration of artificial intelligence (AI) and machine learning (ML) in the EDA, industry has high growth prospects in the future.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
CAGR | 6.16% |
Electronic design automation market is a fragmented market due to the presence of various players. Companies are focusing on developing innovative products and solutions to improve quality, enhances and promotes performance, along with try to incorporate latest technology. The companies are coming up with partnerships or agreements along with planning strategic activities such as partnerships, product launch, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Electronic Design Automation market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Cadence Design Systems (United States), Synopsis (United States), Mentor Graphics Corporation (United States), Xilinx (United States), Blue Pearl Software (United States), Zuken (Japan), Keysight Technologies (United States), Agnisys (United States), Ansys (United States), Altium Ltd. (United States), Aldec (United States), Hypermeshs (Germany), Autodesk (United States) and Keysight Technologies (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Dolphin Integration (France), Intellitech (United States) and JEDA Technologies, Inc. (United States).
Segmentation Overview
AMA Research has segmented the market of Global Electronic Design Automation market by Type (Computer-aided Engineering (CAE), Physical Design and Verification, Printed Circuit Board and Multi-chip Module (PCB and MCM), Semiconductor Intellectual Property (SIP) and Others), Application (Hardware Simulation, Hardware Compilers, Place & Route, Formal Verification, Mask generation, Semiconductor Simulation and Others) and Region.
On the basis of geography, the market of Electronic Design Automation has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End Use Industries , the sub-segment i.e. Automotive will boost the Electronic Design Automation market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Deployment , the sub-segment i.e. On-premises will boost the Electronic Design Automation market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Integration of ECAD with MCAD, Emphasizing On Use of Software Parallelism in EDA and Increasing Demand for Application Precise Integrated Circuits
Market Growth Drivers:
Advantages offered by EDA such as Eliminating Manufacturers Errors and Reducing manufacturing Cost and Ability to solve complex design configuration with relative ease
Challenges:
Developing functional design and implementation of processes and Lack of Technical Expertise to Adopt New Technologies
Restraints:
Complexity to Parallelize Huge Programs and High Cost Associated with EDA Process
Opportunities:
Growing automation across industry verticals, Incorporation of AI and ML to increase the effectiveness of EDA and Increasing Demand of Technologically Advanced Products Owing To Manufacturing Difficulties in the Semiconductor Production
Market Leaders and their expansionary development strategies
In April 2023, Cadence Design Systems, Inc. launched Cadence® Allegro® X AI technology, next-generation system design technology that offers revolutionary improvements in performance and automation. This tools offer transformative time savings for PCB design, with placement and routing (P&R) tasks. This launch helped company to expand its presence in electronic design automation market
In May 2023, Cadence Design Systems purchase UK analog EDA tool pioneer Pulsic. This helped company to expand its presence in electronic design automation market
Key Target Audience
Software Service Providers, Technology Distributers, Electronic Equipment Manufacturer, Graphic Designers, Research and Development Companies, Market Research and Consulting Firms, Government Agencies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.