Hardware Assisted Verification Market worth over $1.5bn by 2027

Hardware Assisted Verification Market size is set to surpass USD 1.5 billion by 2027, according to a new research report by Global Market Insights Inc.
 

The growing adoption of smart & connected devices has increased the market demand for AI & ML technologies. The deployment of the latest technologies in connected devices has enabled manufacturers to establish cross-device connectivity. AI & ML technologies in hardware assisted verification enable a seamless approach to manage the rapid verification of the next generation System-on-Chip (SoC) designs, augmenting the market growth.

 

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Stringent government regulations on the safety of vehicles are anticipated to support the hardware assisted verification market expansion. Leading automakers are focusing on enhancing vehicle safety features through computing capability and electronic sensors. Automotive software & hardware developers detect and compensate errors such as driver misjudgment or inattention by deploying electronic sensors in both exterior & interior parts of the vehicle. Initiatives taken by the governments & regulatory bodies for safety and emission control will provide a positive market outlook for hardware assisted verification platforms.
 

The COVID-19 pandemic has impacted the supply chain of components & raw materials in the hardware assisted verification market. Leading players with manufacturing bases in China and other Southeast Asian countries are focusing on re-establishing their manufacturing units in other regions to counter the risks associated with supply chain disruptions during the crisis. In addition, in Q1 2020, strict lockdowns by the local governments in China, South Korea, Taiwan, and Singapore disrupted the entire semiconductor manufacturing activities.
 

Robust operational performance coupled with lower initial costs is boosting the FPGA prototyping segment growth

Global Hardware Assisted Verification Market Size By Platform

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The FPGA platform segment is poised to witness 10% growth through 2027. The high growth rate can be attributed to the advantages of FPGA prototyping such as easy operating access and scalability in a wide range of chipset design verifications.
 

The benefits of FPGA prototyping in hardware assisted verification assist companies in reducing their hardware response risks for quicker chipset-time-to-market with a substantial reduction in design costs. Due to this factor, the FPGA technique is widely used in SoCs, Application Specific ICs (ASICs), and Application Specific Standard Products (ASSPs). Moreover, its low initial cost and ability to support a wide range of tools are accelerating the acceptance of hardware assisted verification among companies for software validation, hardware verification, hardware/software co-verification, and software development.
 

Several companies, such as Aldec, Inc., S2C, and Cadence Design System, Inc., are developing their FPGA prototyping platforms for better productivity to expand their hardware assisted verification consumer base.
 

Browse key industry insights spread across 180 pages with 109 market data tables and 29 figures & charts from the report, “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” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/hardware-assisted-verification-market

 

Rising integration of advanced electronic devices into vehicles is influencing the automotive segment expansion

The automotive segment captured 5% of the hardware assisted verification market share in 2020. The increasing popularity of autonomous vehicles has propelled the integration of multiple cameras, sensor modules, digital control systems, and smart energy management in automobiles. Hardware assisted verification tools are expected to observe a high market value owing to the increasing complexity of chipsets in the automobile industry. Market leaders are investing in R&D to create a new reference flow of SoC design for predictable execution in automotive applications.
 

Proliferation of electronic systems in the telecom & automotive sectors in North America region is spurring the market revenue

North America hardware assisted verification market is estimated to attain a CAGR of over 10% till 2027 due to the presence of established companies and increasing automation. Additionally, the growing need for advanced electronics systems in the telecom & automotive sectors will foster hardware assisted verification platforms.
 

The rising usage of electronic systems for automation in multiple business sectors is impelling the U.S. market progression. Electronic systems for automation comprise thousands of IC network connections that need to be verified before the implementation for enhanced safety. Market leaders including Corigine, Inc., Xilinx, Inc., and S2C are focusing on new product innovations to enhance their market share.
 

Prominent players functioning in the market include Real Intent, Inc., Cadence Design Systems, Inc., Agnisys Inc., Ansys, Inc., Siemens AG, Blue Pearl Software Inc., Hardent, EMA Design Automation Inc., Innovative Logic, and Aldec Inc. Market participants are investing in strategic mergers, partnerships, and acquisitions to increase their industry size during the forecast timeline.
 

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