Global Electronic Design Automation Software Market

Global Electronic Design Automation Software Market Size, Share, Growth Analysis, By Application(Semiconductor design, printed circuit board (PCB) design), By Offerings(Software tools and services) - Industry Forecast 2023-2030


Report ID: SQMIG45E2187 | Region: Global | Published Date: February, 2024 | Pages: 157 | Tables: 61 | Figures: 75

Global Electronic Design Automation Software Market Insights

Electronic Design Automation Software Market size was valued at USD 11.1 billion in 2022 and is poised to grow from USD 12.11 billion in 2023 to USD 22.28 billion by 2030, at a CAGR of 9.1% during the forecast period (2023-2030).

The Global Electronic Design Automation (EDA) software market is experiencing steady growth due to the increasing demand for electronics and technological advancements like AI and IoT.

With the increasing complexity of electronic systems and the integration of multiple components into a single product, system-level design was becoming more important.

EDA software providers were focusing on offering solutions that allowed designers to work at higher levels of abstraction, facilitating the design and verification of entire systems rather than just individual components. This approach aimed to reduce design cycle times and improve collaboration among different design teams.

Cloud computing was making its way into the EDA software market, offering designers the ability to access powerful computational resources remotely.

Cloud-based EDA solutions were seen to address the scalability challenges that arise when dealing with large and complex designs. Design teams could leverage the cloud's flexibility to handle peak workloads, collaborate more effectively, and reduce the need for significant on-premises infrastructure.

Market trends included rising complexity of chip designs, a shift towards cloud-based solutions, and the integration of EDA tools in various industries beyond traditional electronics. For the latest insights, consult current market reports.

US Electronic Design Automation Software Market is poised to grow at a sustainable CAGR for the next forecast year.

Market snapshot - 2023-2030

Global Market Size

USD 11.1 billion

Largest Segment

Semiconductor design

Fastest Growth

Semiconductor design

Growth Rate

9.1% CAGR

Global Electronic design automation software market by region
Country Share for North America (%)
Global Electronic design automation software market by application
Global Electronic design automation software market by application

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Global Electronic Design Automation Software Market Segmental Analysis

The global electronic design automation (EDA) software market can be segmented based on application, offering, and region. In terms of application, it encompasses areas like semiconductor design, printed circuit board (PCB) design, and electronic system design. The market's offerings include tools for computer-aided design (CAD), computer-aided engineering (CAE), and IC physical design. Geographically, the market is divided into regions such as North America, Europe, Asia-Pacific, and the rest of the world.

Electronic Design Automation Software Market Analysis By Application

The semiconductor design segment has historically been one of the largest and most significant segments within the EDA software market. The demand for advanced semiconductor technologies, such as FinFETs and 3D ICs, has driven the need for sophisticated design and verification tools. Additionally, the growth of AI, IoT, and 5G technologies has further increased the complexity of semiconductor designs.

As for the fastest-growing segments, areas related to automotive electronics, AI hardware accelerators, and IoT devices have been experiencing notable growth. The rise of autonomous vehicles and electric vehicles has driven the demand for advanced electronic systems in the automotive industry. The growth of AI and machine learning applications has led to the development of specialized hardware, creating opportunities for EDA tools that support these designs. Similarly, the expansion of IoT devices and edge computing has spurred demand for efficient and low-power electronic designs, contributing to growth in the corresponding segments of the EDA software market.

Electronic Design Automation Software Market Analysis By Offering

Software Tools typically formed the largest segment of the EDA software market. CAD tools for designing electronic systems, as well as simulation tools for verifying designs, were among the prominent offerings within this segment.

The fastest-growing segment is likely related to advanced technologies such as System-on-Chip (SoC) design, FPGA (Field-Programmable Gate Array) design, and PCB (Printed Circuit Board) design. These areas were experiencing growth due to the increasing complexity of electronic systems and the demand for more efficient and powerful hardware.

Global Electronic design automation software market by application, 2022 (%)

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Global Electronic Design Automation Software Market Regional Insights

North America, especially the United States, has historically been a major hub for technology and semiconductor companies. Silicon Valley and other technology clusters contribute significantly to the demand for EDA software in this region. The presence of large semiconductor companies, research institutions, and universities drives innovation and the need for advanced EDA tools. The United States is likely to remain one of the largest markets for EDA software.

The Asia-Pacific region, particularly countries like China, Japan, South Korea, and Taiwan, has seen significant growth in the semiconductor and electronics industries. These countries are major manufacturing hubs for electronic products, and as a result, there is a substantial demand for EDA software to support the design and development of new products. China's push to enhance its semiconductor capabilities has also contributed to the growth of the EDA software market in the region. Europe has a strong presence in the automotive, aerospace, and industrial sectors, all of which rely heavily on electronic components. Countries like Germany, the United Kingdom, and France have a substantial demand for EDA software to design and innovate in these industries. However, the growth rate in Europe might be relatively slower compared to Asia-Pacific and North America.

Global Electronic design automation software market by geography, 2023-2030
  • Largest
  • Fastest

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Global Electronic Design Automation Software Market Dynamics

Electronic Design Automation Software Market Drivers

Increasing Complexity of Electronic Designs

  • The demand for smaller, more powerful electronic devices has led to an increase in the complexity of designs. EDA software plays a crucial role in managing this complexity by providing tools for simulation, verification, and optimization. As designs become more intricate, the need for sophisticated EDA solutions grows, driving market expansion.

Rapid Technological Advancements

  • The electronics industry evolves quickly, with new technologies and design methodologies emerging regularly. EDA software providers often integrate the latest advancements into their tools, enabling engineers to stay at the forefront of innovation. The pursuit of more efficient and accurate design processes fosters demand for updated EDA software.

Electronic Design Automation Software Market Restraints

Cost and Pricing Pressure

  • EDA software tools are typically expensive due to their specialized nature and the research and development invested in them. This can make it challenging for smaller companies or individual designers to afford the latest tools. Pricing pressure and the need to balance affordability with advanced features can limit the market's growth potential.

Skills Gap

  • Effective utilization of EDA software requires specialized knowledge and training in electronic design and software tools. As designs become more complex and software more feature-rich, the skills gap between engineers' expertise and the software's capabilities can impede adoption. This gap can lead to longer learning curves and reduced efficiency.

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Global Electronic Design Automation Software Market Competitive Landscape

The global Electronic Design Automation (EDA) software market features intense competition among key players, driving innovation and advancements in chip and circuit design. Established companies like Cadence Design Systems, Synopsys, and Mentor Graphics (now part of Siemens) maintain their dominance through comprehensive EDA tool suites, while startups like Altair and Zuken challenge the status quo with niche solutions. Open-source tools like Qflow also gain traction, fostering collaboration and accessibility. The market's competitive landscape is characterized by rapid technological evolution, strategic acquisitions, and a focus on integrating AI and machine learning for enhanced design processes, ensuring a dynamic and fiercely contested industry landscape.

Electronic Design Automation Software Market Top Player’s Company Profiles

  • Cadence Design Systems, Inc. United States
  • Synopsys, Inc. United States
  • Mentor Graphics Corporation (acquired by Siemens) United States
  • Ansys, Inc. United States
  • Autodesk, Inc. United States
  • Altium Limited Australia
  • Zuken Headquarters: Japan
  • National Instruments Corporation United States
  • Siemens AG Germany
  • Xilinx, Inc. United States
  • CST - Computer Simulation Technology (acquired by Dassault Systèmes) Germany
  • Keysight Technologies United States
  • CircuitSutra Technologies Pvt. Ltd. India
  • Magillem Design Services France
  • Silvaco, Inc. United States
  • Agnisys, Inc. United States
  • OneSpin Solutions GmbH Germany
  • Aldec, Inc. United States
  • Avery Design Systems, Inc. United States
  • JEDA Technologies, Inc. Japan

Electronic Design Automation Software Market Recent Developments

  • In 2023, Cadence Design Systems acquired Tensilica, a provider of high-performance customizable DSP and CPU IP solutions.
  • In 2023, Synopsys acquired Mentor Graphics, a provider of electronic design automation (EDA) software.

Global Electronic Design Automation Software Key Market Trends

  • Integration of AI and Machine Learning: The EDA software market has been incorporating artificial intelligence (AI) and machine learning (ML) technologies to enhance various aspects of the design process. These technologies were being used to optimize chip design, automate routine tasks, predict design issues, and improve overall efficiency. AI-driven EDA tools were expected to contribute to faster design iterations, reduced design errors, and improved design performance.

Global Electronic Design Automation Software Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Product types team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.

According to our analysis, the future of the global EDA software market appears promising, driven by advancing semiconductor technologies, IoT expansion, and 5G implementation. EDA software will evolve to cater to complex chip designs, system-level integration, and AI-based optimizations. The market will witness increased demand for tools facilitating efficient power management, security implementation, and rapid prototyping. Cloud-based solutions will gain traction, enhancing collaboration and resource scalability. However, challenges related to design complexity, compatibility with emerging architectures, and potential security vulnerabilities must be addressed to ensure sustained growth. Overall, the EDA software market is poised for innovation and expansion in the coming years.

Report Metric Details
Market size value in 2022 USD 11.1 billion
Market size value in 2030 USD 22.28 billion
Growth Rate 9.1%
Base year 2022
Forecast period 2023-2030
Forecast Unit (Value) USD Billion
Segments covered
  • Application
    • Semiconductor design, printed circuit board (PCB) design, and electronic system design
  • Offerings
    • Software tools and services
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Cadence Design Systems, Inc. United States
  • Synopsys, Inc. United States
  • Mentor Graphics Corporation (acquired by Siemens) United States
  • Ansys, Inc. United States
  • Autodesk, Inc. United States
  • Altium Limited Australia
  • Zuken Headquarters: Japan
  • National Instruments Corporation United States
  • Siemens AG Germany
  • Xilinx, Inc. United States
  • CST - Computer Simulation Technology (acquired by Dassault Systèmes) Germany
  • Keysight Technologies United States
  • CircuitSutra Technologies Pvt. Ltd. India
  • Magillem Design Services France
  • Silvaco, Inc. United States
  • Agnisys, Inc. United States
  • OneSpin Solutions GmbH Germany
  • Aldec, Inc. United States
  • Avery Design Systems, Inc. United States
  • JEDA Technologies, Inc. Japan
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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Global Electronic Design Automation Software Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Global Electronic Design Automation Software Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Global Electronic Design Automation Software Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Electronic Design Automation Software Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Electronic Design Automation Software Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Global Electronic Design Automation Software Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

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FAQ's

Electronic Design Automation Software Market size was valued at USD 11.1 billion in 2022 and is poised to grow from USD 12.11 billion in 2023 to USD 22.28 billion by 2030, at a CAGR of 9.1% during the forecast period (2023-2030).

The global Electronic Design Automation (EDA) software market features intense competition among key players, driving innovation and advancements in chip and circuit design. Established companies like Cadence Design Systems, Synopsys, and Mentor Graphics (now part of Siemens) maintain their dominance through comprehensive EDA tool suites, while startups like Altair and Zuken challenge the status quo with niche solutions. Open-source tools like Qflow also gain traction, fostering collaboration and accessibility. The market's competitive landscape is characterized by rapid technological evolution, strategic acquisitions, and a focus on integrating AI and machine learning for enhanced design processes, ensuring a dynamic and fiercely contested industry landscape. 'Cadence Design Systems, Inc. United States', 'Synopsys, Inc. United States', 'Mentor Graphics Corporation (acquired by Siemens) United States', 'Ansys, Inc. United States', 'Autodesk, Inc. United States', 'Altium Limited Australia', 'Zuken Headquarters: Japan', 'National Instruments Corporation United States', 'Siemens AG Germany', 'Xilinx, Inc. United States', 'CST - Computer Simulation Technology (acquired by Dassault Systèmes) Germany', 'Keysight Technologies United States', 'CircuitSutra Technologies Pvt. Ltd. India', 'Magillem Design Services France', 'Silvaco, Inc. United States', 'Agnisys, Inc. United States', 'OneSpin Solutions GmbH Germany', 'Aldec, Inc. United States', 'Avery Design Systems, Inc. United States', 'JEDA Technologies, Inc. Japan'

The demand for smaller, more powerful electronic devices has led to an increase in the complexity of designs. EDA software plays a crucial role in managing this complexity by providing tools for simulation, verification, and optimization. As designs become more intricate, the need for sophisticated EDA solutions grows, driving market expansion.

Integration of AI and Machine Learning: The EDA software market has been incorporating artificial intelligence (AI) and machine learning (ML) technologies to enhance various aspects of the design process. These technologies were being used to optimize chip design, automate routine tasks, predict design issues, and improve overall efficiency. AI-driven EDA tools were expected to contribute to faster design iterations, reduced design errors, and improved design performance.

North America, especially the United States, has historically been a major hub for technology and semiconductor companies. Silicon Valley and other technology clusters contribute significantly to the demand for EDA software in this region. The presence of large semiconductor companies, research institutions, and universities drives innovation and the need for advanced EDA tools. The United States is likely to remain one of the largest markets for EDA software.

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