Electronic Design Automation Software Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2020 - 2030

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Electronic Design Automation Software Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2020 - 2030

Status : January, 2023 | Technology & Media

Report Digest

Electronics Design Automation Software Market – Overview

Electronic design automation software involves a diversified set of software algorithms that are required for designing of complex next generation electronics products or systems that includes printed circuit boards (PCBs) and integrated circuits (ICs) along with others present in the market. It enables engineers to design, analyze and then simulate the semiconductor chips encompassing algorithms and methodologies for designing of VLSI circuits. All the tools present in EDA software work together in a specific design flow decided by chip designers for designing and analyzing entire semiconductor chips. Since modern semiconductor chip have billions of components these EDA software have become essential component in designing.

Electronic Design Automation Software Market – Notable Developments

  • In June 2020, Synopsis, Inc. completed the acquisition of Qualtera, a provider of high-volume big data solutions and collaborative high performance for semiconductor testing and manufacturing. The acquisition helped Synopsis, Inc. expand its offerings in the semiconductor industry.
  • In July 2018, Cadence Design Systems, Inc. announced the addition of an extensive parallelism algorithm to its existing Cadence Voltus IC power integrity solution.

Some prominent players in the global electronic design automation software market include:

  • Cadence Design Systems, Inc.
  • Synopsys, Inc.
  • Mentor, a Siemens Business
  • Silvaco, Inc.
  • Vennsa Technologies
  • ANSYS, Inc.
  • Altium LLC

Electronic Design Automation Software Market – Drivers and Restraints

The growth of the market is dependent primarily on the semiconductor and electronics industries. Therefore, the commencement of new design projects by semiconductor manufacturers, systems companies, and their customers is expected to upkeep the EDA market over the coming years.

Artificial Intelligence (AI) and Machine Learning (ML) are gaining popularity in industries, such as automotive, healthcare, aerospace & defence, and manufacturing. In an attempt to enhance existing products, conventional consumer electronics, and other products are being integrated with AI and ML technologies. The increasing implementation of AI augments the need for more advanced electronic components, which, in turn, creates demand for EDA software. Numerous EDA software developers are integrating AI in the software development process as it enables testers to replace the traditional approach of manually testing the models with an automated precision-based continuous testing process.

Electronic Design Automation Software Market – Geographical Outlook

Based on regional segmentation, the global electronic design automation software can be divided into five key regions namely North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Of these, currently, the global electronics design automation software market is being dominated by the regional segment of North America. The growth and dominance of the region is primarily attributed to the presence of highly sophisticated and leading market players along with a favorable sales environment. The region is expected to continue dominating the global market in the coming years of the forecast period ranging from 2020 to 2030. The launch of new age technologies such as 5G and machine learning along with rise of Internet of Things are expected to help North America retain the top spot in the global market.

On the other hand, the regional segment of Asia Pacific is expected to witness highly promising growth opportunities in the coming years of the forecast period. The growth of the regional market can be attributed to the heavy spending on reshaping the technological infrastructure of emerging economies such as India and China.

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5-Point Growth Formula

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The 5-point growth formula includes the following points:

  • Current and Future Threats
  • Accurate Trend Analysis
  • Regional Assessment
  • Industrial Analogy
  • COVID-19 Impact

Current and Future Threats

Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.

Accurate Trend Analysis

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Regional Assessment

Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.

Industrial Analogy

The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.

COVID-19 Impact

The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.

The reports offer answers to the top 7 questions that revolve around the growth of the market

  • What are the diverse growth parameters influencing the market?
  • Which regions will contribute largely to the growth of the market
  • What are the recent innovations and technological advancements in the market?
  • What are the emerging trends across the market?
  • How has COVID-19 affected the market?
  • What will be the post-pandemic scenario of the market?
  • What are the major threats that will dent the growth prospects of the market?