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

Overview and Scope
Electronic Design Automation (EDA) tools are software tools used in the design and development of electronic systems, including integrated circuits (ICs) and printed circuit boards (PCBs). EDA tools together form a design flow that is used by chip designers for the purpose of designing and evaluating whole semiconductor chips.

Sizing and Forecast
The electronic design automation (EDA) tools market size has grown strongly in recent years. It will grow from $15.18 billion in 2023 to $16.67 billion in 2024 at a compound annual growth rate (CAGR) of 9.9%. The growth in the historic period can be attributed to integrated circuit complexity, demand for faster time-to-market, advancements in semiconductor technology, globalization of design teams, rise of functional verification challenges.

The electronic design automation (EDA) tools market size is expected to see strong growth in the next few years. It will grow to $23.98 billion in 2028 at a compound annual growth rate (CAGR) of 9.5%. The growth in the forecast period can be attributed to AI (artificial intelligence) and machine learning integration, rapid growth in IoT and edge computing, demand for agile design methodologies, expansion of design complexity across industries, and demand for agile design methodologies. Major trends in the forecast period include advancements in analog or mixed-signal (AMS) design, enhanced support for open-source EDA tools, integration of hardware security features, technological advancements, and new product innovation.

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

1) By Type: Computer-aided Engineering (CAE), Integrated Circuit Physical Design and Verification, Printed Circuit Board and Multi-chip Module (PCB and MCM), Semiconductor Intellectual Property (SIP), Services
2) By Deployment Modes: On-Premises, Cloud-Based
3) By End-Use: Aerospace and Defense, Automotive, Consumer Electronics, Industrial, Healthcare, Other End-Users

Asia-Pacific was the largest region in the electronic design automation (EDA) tools market in 2023. It is expected to be the fastest-growing region in the forecast period. The regions covered in the electronic design automation (EDA) tools 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 adoption of the internet of things (IoT) is expected to propel the growth of the electronic design automation (EDA) tools market going forward. The internet of things (IoT) refers to a network of physical objects, devices, and systems that have sensors, software, and network connectivity built in to enable them to gather and exchange data with other devices. The adoption of IoT (Internet of Things) is rapidly increasing due to its transformative capabilities across various industries. IoT is helpful in electronic design automation (EDA) tools by making it possible to include sensor and Internet of Things solutions into the processes of IC (integrated circuit) design, verification, manufacturing, and testing, ultimately improving the effectiveness and performance of the electronic systems that are built. For instance, in September 2022, according to a report published by Ericsson, a Sweden-based telecommunications company, global IoT connections reached 13.2 billion connections in 2022 and are expected to increase by 18% to 34.7 billion connections by 2028. Therefore, the adoption of the internet of things (IoT) is driving the growth of the electronic design automation (EDA) tools market.

Key Industry Players

Major companies operating in the electronic design automation (EDA) tools market are Siemens Aktiengesellschaft, Intel Corporation, Arrow company, Agnisys Inc., Keysight Technologies Inc., Synopsys Inc., Cadence Design Systems Inc., Forte Design Systems, Xilinx Inc., ANSYS Inc., Microsemi Corporation, National Instruments Corporation, JEDA Technologies Inc., Mentor Graphic Corporation, Altair Engineering Inc., AWR Corporation, Faraday&Future Inc., Zuken Inc., Magwel NV, Altium Limited, Silvaco Inc., Lauterbach GmbH, Computer Simulation Technology AG, EnSilica Limited, Aldec Inc., EMA Design Automation Inc., ELECTRO-SYSTEM CO. LTD., MunEDA GmbH, Intercept Technology Inc., Labcenter Electronics Ltd., Pulsic Limited

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

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

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