PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1419065
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1419065
Electronic Design Automation Software Market size was valued at USD 11,102.3 Million in 2022, expanding at a CAGR of 9.8% from 2023 to 2030.
Electronic Design Automation (EDA) software constitutes a suite of computer programs utilized in creating, analyzing, simulating, and validating electronic systems, integrated circuits (ICs), and printed circuit boards (PCBs). These software tools aid engineers and designers throughout the design process, offering functionalities such as schematic capture, simulation, layout design, verification, synthesis, and testing. EDA software facilitates the efficient development of complex electronic systems by enabling virtual testing, layout creation, verification, and preparation for manufacturing, crucial in ensuring the functionality, performance, and reliability of electronic designs. Popular EDA software includes Cadence's Allegro and OrCAD, Mentor Graphics' PADS and HyperLynx, and Synopsys' Design Compiler and VCS, among others, constantly evolving to support the ever-increasing complexities of electronic design.
The Electronic Design Automation (EDA) software market is experiencing an upsurge in demand due to its capability to reduce costs and time associated with electronic circuit design while eliminating manual errors. Additionally, the projected growth of the EDA software market is expected to be fueled by the increasing integration of Artificial Intelligence (AI) and Machine Learning (ML) techniques within tools, aiming to tackle intricate design challenges and cut expenses. The expanding usage of smart wearable devices, smartphones, smart speakers, and the burgeoning trend of connected homes and devices are predicted to propel market growth. Likewise, the continued proliferation of autonomous and electric vehicles is a significant driving force, considering that modern cars may integrate 1,500 to 3,000 semiconductors.
The Global Electronic Design Automation Software Market is segmented on the basis of Product Type, Deployment, Application, End User, and Region.
The market is divided into five categories based on Product Type: Computer-aided Engineering (CAE), IC Physical Design and Verification, Printed Circuit Board and Multi-chip Module (PCB and MCM), Semiconductor Intellectual Property (SIP), Services. Within the EDA software market, the computer-aided Engineering (CAE) segment held the largest market share in 2022, primarily driven by factors like the outsourcing of manufacturing processes to emerging economies and the shift from on-premise to cloud-based computing, aiming for integrated software solutions, and reduction of prototype products and product recall concerns.
The market is divided into two categories based on Deployment: Cloud and On-premise. On-premise segment dominated the Electronic Design Automation (EDA) software market in 2022. On-premise deployment provides organizations with increased control over sensitive data and processes, relying on dedicated servers and hardware within their infrastructure. This setup serves as the backbone for hosting automation software, offering platforms and tools to automate various business operations. The on-premise model enables businesses to tailor automation processes to their specific needs, fostering productivity and efficiency, thereby propelling the segment's growth in the forecast period.
Geographically, this market is widespread into the regions of North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further divided as per the nations bringing business.
Key players in the EDA software market such as Siemens EDA, Keysight Technologies, Synopsys, Zuken, Vennsa Technologies, and Aldec are actively bolstering their market positions through innovative product features. Employing strategies like partnerships, mergers & acquisitions, and new product launches, these companies aim to expand their product portfolios. For instance,
In June 2022, Keysight Technologies introduced a new design and simulation software targeting RF and microwave designers, addressing complex design challenges and higher frequencies in the industry.
The scope of this report covers the market by its major segments, which include as follows: