Electronic Design Automation (EDA) Market Growth Outlook Through 2024-2033

Overview and Scope
Electronic design automation (EDA) refers to a category of software tools that assist in the design, verification, and testing of electronic systems, including integrated circuits and printed circuit boards. It is essential for identifying potential issues before the designs enter production and includes design reusability features that simplify the design process.

Sizing and Forecast
The electronic design automation (EDA) market size has grown rapidly in recent years. It will grow from $14.2 billion in 2023 to $15.68 billion in 2024 at a compound annual growth rate (CAGR) of 10.4%. The growth in the historic period can be attributed to growing demand for EDA tools in the automotive, rising adoption of finfet architecture, rising penetration of IoT, VR, and AI, growing demand for smaller and portable electronic devices, growing demand for machine learning for EDA.

The electronic design automation (EDA) market size is expected to see strong growth in the next few years. It will grow to $22.07 billion in 2028 at a compound annual growth rate (CAGR) of 8.9%. The growth in the forecast period can be attributed to the increasing demand for complex integrated circuits (ICS), growing miniaturization in various industries, the growing awareness among consumers for fitness, growth of internet of things (IoT) and connected devices, increasing usage of field-programmable gate arrays (FGGAS) in data centers. Major trends in the forecast period include technological advancements, 5G technology implementation, usage of IoT devices, usage of soc technology, machine learning capabilities with AI.

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Segmentation & Regional Insights
The electronic design automation (EDA) market covered in this report is segmented –

1) By Type: Computer Aided Engineering (CAE), Semiconductor Intellectual Property (SIP), Integrated circuit (IC) Physical Design And Verification, Printed Circuit Board (PCB) And Multi-Chip Module (MCM)
2) By Deployment Mode: Cloud-Based, On-Premises
3) By Application: Microprocessors And Microcontrollers, Memory Management Units, Other Applications
4) By End User: Automotive Industry, Healthcare Industry, Aerospace And Defense Industry, Telecom And Data Centre Industry, Consumer Electronics Industry, Industrial Sector, Other End-Users

North America was the largest region in the electronic design automation (EDA) market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the electronic design automation (EDA) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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Major Driver Impacting Market Growth
The increasing demand for complex integrated circuits (ICs) is expected to propel the growth of the electronic design automation (EDA) market going forward. Complex integrated circuits (ICs) are compact electronic chips made up of interconnected components, including resistors, transistors, and capacitors, built on a single piece of semiconductor material, such as silicon. EDA tools help engineers to efficiently navigate the complexities of developing advanced integrated circuits, ensuring functionality, performance, and manufacturability meet the desired specifications. These tools can compile, analyze, and simulate these HDL descriptions to verify the correctness of the design and ensure it meets the required specifications.. For instance, in February 2022, according to the semiconductor industry association (SIA), a US-based trade association and lobbying group, global semiconductor sales reached $555.9 billion in 2021, marking a 25.1% increase compared to 2020. Therefore, the increasing demand for complex integrated circuits (ICs) is driving the growth of the electronic design automation market.

Key Industry Players

Major companies operating in the electronic design automation (EDA) market are Siemens AG, Oracle Corporation, SAP SE, Advanced Micro Devices Inc., Dassault Systemes, Keysight Technologies Inc., Synopsys Inc., Autodesk Inc., Cadence Design Systems Inc., Werner Enterprises, Xilinx Inc., Ansys Inc., National Instruments Corp., MathWorks Inc., eInfochips Private Limited, Mentor Graphics Corporation, Altium Limited, BluJay Solutions Ltd., Zuken Inc., Silvaco Inc., Aldec Inc., Agnisys Inc., Labcenter Electronics Ltd., Intercept Technology Inc., Sigasi NV, Altair Engineering Inc., Boldport Limited, Dolphin Design, EasyEDA, EnSilica plc, Eremex Ltd.

The electronic design automation (eda) market report table of contents includes:

1. Executive Summary
2. Electronic Design Automation (EDA) Market Characteristics
3. Electronic Design Automation (EDA) Market Trends And Strategies
4. Electronic Design Automation (EDA) Market – Macro Economic Scenario
5. Global Electronic Design Automation (EDA) Market Size and Growth
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31. Electronic Design Automation (EDA) Market Other Major And Innovative Companies
32. Global Electronic Design Automation (EDA) Market Competitive Benchmarking
33. Global Electronic Design Automation (EDA) Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Electronic Design Automation (EDA) Market
35. Electronic Design Automation (EDA) Market Future Outlook and Potential Analysis
36.Appendix

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