Home > Semiconductors & Electronics > Automation > Electronic Design Automation (EDA) Market

Electronic Design Automation (EDA) Market Trends

Report ID: GMI2426
Published Date: Nov 2023
Report Format: PDF

Download Free Sample

Electronic Design Automation Market Trends

The proliferation of the Internet of Things (IoT) and connected devices is a significant factor driving the expansion of the electronic design automation (EDA) market. With the rising adoption of IoT, there is a surge in the number of connected devices including smart home appliances, wearables, and industrial sensors. For instance, in August 2023, Reliance Jio introduced Smart Home Services that allow users to seamlessly control home appliances. These services will stimulate the demand for sophisticated IoT and electronic systems. Each of these devices requires electronic components and circuitry for their functionality, increasing the demand for electronic design and EDA solutions.

The growing demand for electronic design automation (EDA) tools in the automotive sector is propelling the market significantly. As vehicles become more complex with advanced electronics, EDA tools play a vital role in designing Integrated Circuits (ICs), sensors, and control systems. They enable automotive engineers to develop sophisticated electronic components, ensuring safety, connectivity, and energy efficiency. With the rise of electric and autonomous vehicles, the demand for EDA tools has surged, propelling innovations, and enhancing the overall driving experience.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

Electronic design automation (EDA) industry size was USD 12.9 billion in 2022 and is estimated to witness over 10% CAGR between 2023 and 2032 due to the proliferation of cloud services worldwide.

The consumer electronics application segment recorded around 30% of the electronic design automation market share in 2022 due to the rising disposable income in developing economies and the growing adoption of smart devices such as smartphones, laptops, and tablets.

Asia Pacific garnered over 40% of the global EDA market share in 2022 owing to the demand for designing complex electronic systems in automobiles.

Some of the major players electronic design automation companies are Agnisys Inc., Altium Limited, Ansys, Autodesk Inc., Siemens AG, Synopsys Inc., Aldec Inc., Intercept Technology Inc., Dolphin Design, and Labcenter Electronics Ltd.