Electronic Design Automation (EDA) Market Size worth $14bn by 2024
Published Date: August 21, 2019 Authors: Preeti Wadhwani, Saloni Gankar
Electronic Design Automation (EDA) Market size is set to exceed USD 14 billion by 2024; according to a new research report by Global Market Insights, Inc.
Cloud EDA software is increasingly gaining precedence over traditional, on-premise electronic design tools. These tools provide flexible & license-based payment plans, allowing consumers to have easy access to software. They can be accessed from any location across the organization and being used majorly by semiconductor manufacturing companies to design complex electronic systems. Companies seeking to design and develop highly complicated large-scale circuits, which are used in industries, such as healthcare, aerospace, and automotive, are increasingly using these tools. Additionally, they allow vendors to constantly update the software, reduce update times, maintain uniformity across the software provided to various end-users, and allow both end-users and software providers to obtain massive cost savings. Such factors are positively impacting the EDA market growth.
The application of electronic design automation (EDA) software allows companies to increase the efficiency and the accuracy of placement of smaller products effectively. In such cases, microcontrollers and embedded circuits require precise positioning over a very limited area, which can be provided with the aid of the tools. There is a rising focus on product miniaturization, which can be catered through these software tools. Various companies have identified this demand and are providing solutions that are customized to suit these requirements. For instance, in June 2015, IBM launched SoftLayer, a public cloud computing platform. The platform helps reduce real-time verification and design time. Moreover, it satisfies the scalability requirement and makes the adoption of the cloud platform for semiconductor design and IP designers affordable and seamless.
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Several companies are offering solutions that are highly standardized in terms of functionality and price. To gain a competitive edge, players are increasingly investing in R&D activities to improve their offerings and technical support. Companies, primarily new entrants, may face difficulties pertaining to financial funding for these activities, making it relatively harder to sustain growth once the entry into the market is granted. The electronic design automation (EDA) market is susceptible to constant evolution in technologies that are directly or indirectly impacting market players. Companies residing in the market are facing intense competition in terms of price, as price and product differentiation of the developed software is relatively low.
Browse key industry insights spread across 327 pages with 126 market data tables & 82 figures & charts from the report, “Electronic Design Automation (EDA) Market Size By Product (Computer Aided Engineering (CAE), IC Physical Design & Verification, Printed Circuit Board (PCB) and Multi-Chip Module (MCM), Semiconductor Intellectual Property (SIP), Services), By Application (Aerospace & Defense, Automotive, Consumer Electronics, Industrial, Medical, Telecommunications), Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Italy, Russia, China, India, Japan, South Korea, Taiwan, Brazil, Mexico, GCC, South Africa), Growth Potential, Competitive Market Share & Forecast, 2017 – 2024” in detail along with the table of contents:
The Middle East & Africa electronic design automation market is anticipated to witness very slow growth during the forecast timeframe. Rising political problems, such as the recent Qatar crisis, have created a barrier, restricting the flow of trade from Qatar to the neighboring regions. Despite ideal internet and broadband connectivity across the GCC, the adoption of IoT and smart technologies is relatively slow. Large smart city construction activities are noticeable within the region. A strong expatriate population, however, is sustaining the EDA market growth. Economic prosperity and high income of end-users has allowed consumers to spend higher incomes on high-end electronics. There is a high potential for EDA players to grow in the region. The competition within the region is low as there are a very few market players.
The key players operating in the electronic design automation (EDA) market include Synopsys, Inc., Xilinx, Inc., Zuken, Inc. CadSoft Computer, Cadence Design Systems, Intercept Technology Inc., Invionics, Sigasi, Pulsonix, Keysight Technologies, JEDA Technologies, National Instruments, Mentor Graphics, Silvaco International, and Solido Design Automation. Players in the value chain are partnering with companies/schools/governments to expand their reach in untapped markets. For instance, Cadence partnered with the government of Brazil to open a training center. The aim of the training center is to provide efficient design engineers to Brazil's growing semiconductor industry.
The electronic design automation (EDA) market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2013 to 2024, for the following segments:
EDA Market, By Product
- Computer Aided Engineering (CAE)
- IC Physical Design & Verification
- Printed Circuit Board (PCB) and Multi-Chip Module (MCM)
- Semiconductor Intellectual Property (SIP)
EDA Market, By Application
- Aerospace & Defense
- Consumer Electronics
The above information is provided on a regional and country basis for the following:
- North America
- Asia Pacific
- South Korea
- Latin America
- Middle East & Africa (MEA)
- South Africa