Hardware-Assisted Verification Market Size

Hardware-Assisted Verification Market Size

Hardware-Assisted Verification Market size was worth more than USD 500 million in 2022 and is projected to witness over 15% CAGR from 2023-2032. Growing need for robust hardware verification tools with broader verification objectives such as performance and power analysis will foster industry expansion

The cost of chip verification is gradually increasing due to factors such as high design complexity, increasing I/O traffic activity, growing computational power, and elevating energy consumption. The automobile sector has seen rampant growth in the demand for semiconductor components and electronics that improve overall driver experience and safety. The emerging concept of connected vehicles has driven the development of hardware technologies to support Vehicle to Vehicle (V2V) and Vehicle to Infrastructure (V2I) communication. Such advancements will fuel the demand for hardware-assisted verification (HAV) tools over the next few years.

High cost of implementation and continuous maintenance requirements to perform operations seamlessly may impede product adoption. The introduction of complex SoC designs has led to the need for comprehensive verification & system-level validation during the early design stage. Companies are relying on extensive internal visibility while designing to understand the problems that can occur during silicon bring-up.