USD 11.1 billion
Report ID: SQMIG45E2187 | Region: Global | Published Date: February, 2024 | Pages: 157 | Tables: 61 | Figures: 75
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.
Global Market Size
USD 11.1 billion
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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.
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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.
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Electronic Design Automation Software Market Drivers
Increasing Complexity of Electronic Designs
Rapid Technological Advancements
Electronic Design Automation Software Market Restraints
Cost and Pricing Pressure
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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
Electronic Design Automation Software Market Recent Developments
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.
|Market size value in 2022
|USD 11.1 billion
|Market size value in 2030
|USD 22.28 billion
|Forecast Unit (Value)
|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)
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Parent Market Analysis
KEY MARKET INSIGHTS
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
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.
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