Electronic Design Automation Software Market Forecast 2024-2033: Projected CAGR, Key Drivers, And Trends

Overview and Scope
Electronic Design Automation (EDA) refers to the category of software tools that assist in the design of electronic systems using computers. These tools are commonly used to design circuit boards, processors, and other types of complex electronic devices.

Sizing and Forecast
The electronic design automation software market size has grown strongly in recent years. It will grow from <b>$30.43 billion in 2023 to $32.24 billion in 2024 at a compound annual growth rate (CAGR) of 5.9%. </b> The growth in the historic period can be attributed to increased complexity of integrated circuits, growth in iot and consumer electronics market, growth in aerospace and defense applications, growth in automotive electronics, rise in pcb design and manufacturing.

The electronic design automation software market size is expected to see strong growth in the next few years. It will grow to <b>$40.13 billion in 2028 at a compound annual growth rate (CAGR) of 5.6%. </b> The growth in the forecast period can be attributed to quantum computing development, increasing emphasis on cybersecurity, 3d packaging and advanced interconnects, international trade and geopolitical factors, environmental regulations. Major trends in the forecast period include digital twin technology, design for reusability, real-time design analytics, distributed and collaborative design, design automation for iot security.

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

1) By Type: Computer-Aided Engineering (CAE), IC Physical Design And Verification, Printed Circuit Board And Multi-chip Module (PCB And MCM), Semiconductor Intellectual Property (SIP)
2) By Application: Communication, Consumer Electronics, Automotive, Industrial, Aerospace And Defense, Medical
3) By End-Use: Microprocessors And Controllers, Memory Management Units

<b>North America</b> was the largest region in the electronic design automation software market in 2023. The regions covered in the electronic design automation software market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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Major Driver Impacting Market Growth
The growth of the internet of things (IoT) coupled with connected devices is expected to propel the growth of the electronic device automation software market. The IoT brings automation to the processes, which reduces labor and operational cost, ultimately increasing the speed of the business’s function. The objective of IoT is to build an ecosystem that connects everything through embedded sensors, software, and other technologies. The IoT devices collect data and send it to the cloud gateway to get analyzed for future improvements and developments. For instance, in May 2022, an article published by IoT Analytics GmbH, a Germany-based provider of market insights and strategic business intelligence for IoT, in 2021, the number of global IoT connections grew by 8% accounting for 12.2 billion active endpoints and expected to grow 18% to 14.4 billion active connections in the year 2022. Therefore, the growth of the internet of things (IoT) and connected devices is driving the EDAS market.

Key Industry Players
Major companies operating in the electronic design automation software market include <b> Aldec Inc., Altium Llc, Ansys Inc., Cadence Design Systems Inc., Synopsys Inc., Siemens AG, Zuken Inc., Silvaco Inc., Keysight Technologies Inc., eInfochips Inc., Xilinx Inc., Vennsa Technologies Inc., Boldport Limited, ProteanTecs Ltd., Tempo Automation Holdings Inc., Solido Design Automation Inc., DeFacTo Technologies Pvt. Ltd., IC Manage, Ing.-Büro FRIEDRICH GmbH, JEDA Technologies Inc., Lauterbach GmbH, Shanghai Hejian Industrial Software Group Co. Ltd., Concurrent EDA LLC, edXact SA, Altair Engineering Inc., Lattice Semiconductor Corporation, Microchip Technology Inc., AWR Corporation, Averant Inc., Carbon Design Systems </b>

The electronic design automation software market report table of contents includes:

1. Executive Summary

2. Electronic Design Automation Software Market Characteristics

3. Electronic Design Automation Software Market Trends And Strategies

4. Electronic Design Automation Software Market – Macro Economic Scenario

5. Global Electronic Design Automation Software Market Size and Growth
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31. Global Electronic Design Automation Software Market Competitive Benchmarking

32. Global Electronic Design Automation Software Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Electronic Design Automation Software Market

34. Electronic Design Automation Software Market Future Outlook and Potential Analysis

35. Appendix

Top Major Players:

Aldec Inc.

Altium LLC

Ansys Inc

Cadence Design Systems Inc.

Synopsys Inc

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