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Hardware-Assisted Verification Market Size, By Platform (Hardware Emulation, FPGA Prototyping), By Application (Automotive, Consumer Electronics, Industrial, Aerospace & Defense, Medical, Telecom), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027

  • Report ID: GMI5140
  • Published Date: Oct 2021
  • Report Format: PDF

Industry Trends

Hardware-Assisted Verification Market size exceeded USD 500 million in 2020 and is anticipated to grow at a CAGR of over 15% from 2021 to 2027. The increasing production of smart devices will foster the market growth.

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High growth in the automobile industry coupled with technological developments to provide an enhanced driving experience has created a need for electronic appliances in vehicles. With the rapid adoption of connected vehicles and governments partnering to build infrastructure for connected vehicles, technologies including Vehicle to Vehicle (V2V) and Vehicle to Infrastructure (V2I) are increasingly utilizing electronic products in automotive software.

The use of disruptive technologies, such as AI and ML, in manufacturing and process plants is contributing to the market expansion. AI and ML are used to improve production quality, mitigate the possibilities of frequent system failures, enhance safety & environmental impacts, and increase efficiency & productivity across the board. Increasing implementation of ML & AI in manufacturing processes and their rising design complexities will provide a positive market outlook for precise verification during the forecast timeframe.

The major factor challenging the hardware-assisted verification market demand is the high cost of implementation and maintenance of HAV platforms. The complexity of SoC designs has resulted in the need to perform both comprehensive verification & system-level validation in the early stage of the design cycle. Extensive internal visibility into designs is becoming essential to better recognize silicon bring-up problems. Hardware emulation has performance speed, full visibility capabilities, and ease-of-use in model creation & updates to span the entire range of needs throughout the life of the design development process.

The COVID-19 pandemic has significantly transformed the fundamentals of the semiconductor sector including the market revenues, customer behavior, and numerous aspects of corporate operations. Due to the COVID-19 pandemic, research & development activities related to the industry were highly affected. Most companies were unable to perform R&D activities owing to the unavailability of skilled professionals and the lack of knowledge regarding hardware assisted verification. Major production centers were closed attributed to the lockdowns, leading to severe Supply Chain Disruptions (SCDs) in all manufacturing sectors.

High capability to verify and test complex SoC design architecture in minimum time will spur the acceptance of hardware emulation

Hardware emulation segment is expected to register 15% growth rate through 2027. The high execution speed and multiple chipset design support are accelerating the usage of hardware emulation platforms for design verification across the globe. Increasing I/O traffic activities, computing power enhancement, and propelling design size & complexity are forcing engineers to increase the integration of chipsets. The incorporation of chipsets is rising, in turn, growing the design complexity, thereby supporting the demand for hardware emulation. Market participants, such as Synopsys, Inc., Siemens, FirstEDA Limited, and SYNAPTICAD, are significantly investing in R&D to launch new HAV platforms to expand their customer base.

Advancements in consumer electronics will demand higher usage of electronic chips

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The consumer electronics application captured 25% of the hardware-assisted verification market share in 2020 led by the advancements in various consumer electronics devices such as smart mobiles, home appliances, and computer components & peripherals. These devices require high usage of electronic chipsets and HAV. To retain the efficiency of the chips and their life expectancy, consumer electronics companies are implementing HAV tools to enhance their chipset design quality.

Design verification solution provider companies including Aldec, Inc. and ANSYS, Inc are focusing on manufacturing multiple-mode supported platforms to reduce the extra hardware cost of their clients. Aldec, Inc. has designed a Hardware Emulation Solution (HES) ecosystem, HES-7, enabling its users to utilize multiple modes of verification including prototyping and emulation without any additional hardware requirement. The demand for HAV in the consumer electronics sector is witnessing steady industry demand due to chip shortages during the COVID-19 pandemic.

Increasing level of automation across all sectors in APAC will augment the regional growth

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Asia Pacific hardware-assisted verification market size was over USD 300 million in 2020. Digitalization at a significant pace is boosting the industry progression in almost all sectors including healthcare, telecom, and automotive in China. The rising establishment of R&D centers for the development of new chipsets and electronic hardware-related software will assist HAV tools to gain a significant share in the region during the forecast timeframe.

Significant emphasis of market players on product innovations and partnerships

Prominent companies operating in the market include Agnisys Inc., Aldec Inc., ANSYS, Inc, Blue Pearl Software Inc., Cadence Design Systems, Inc., EMA Design Automation Inc., Hardent, Innovative Logic, Real Intent, Inc., and Siemens AG. Market leaders are emphasizing on the development of testing platforms, mergers & acquisitions to capture a high market share and stimulate their global presence.

The market research report of hardware-assisted verification includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2021 to 2027 for the following segments:

Market, By Platform

  • Hardware Emulation
  • FPGA Prototyping

Market, By Application

  • Automotive
  • Consumer Electronics
  • Industrial
  • Aerospace & Defense
  • Medical
  • Telecom
  • Others

The above information has been provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Russia
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
  • Latin America
    • Brazil
    • Mexico
  • MEA
    • GCC
    • South Africa
Authors: Preeti Wadhwani, Prasenjit Saha

Frequently Asked Questions (FAQ) :

Market size of hardware-assisted verification crossed USD 500 million in 2020 and could observe a CAGR of more than 15% between 2021 and 2027 on account of rising production of smart devices.
Consumer electronics application contributed around 25% of overall revenue share in 2020 and will witness a similar trend due to technological advancements in home appliances, smart mobiles and computer components.
Asia Pacific market surpassed USD 300 million in 2020 and will grow on the back of digitization and establishment of R&D centers.
Aldec Inc., EMA Design Automation Inc., Agnisys Inc., ANSYS, Inc, Cadence Design Systems, Inc., Hardent, Innovative Logic and Siemens AG some of the leading companies in the industry.

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Premium Report Details

  • Base Year: 2020
  • Companies covered: 14
  • Tables & Figures: 138
  • Countries covered: 15
  • Pages: 180
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