Electronic Design Automation (EDA) Tools Market Outlook 2024-2033: Trends and Projections
Electronic Design Automation (EDA) Tools Market Expansion 2024-2033: Growth Drivers and Dynamics
Global Electronic Design Automation (EDA) Tools Market Analysis 2024: Size Forecast and Growth Prospects
Electronic Design Automation (EDA) Tools Market 2024-2033: Technological Advancements, Competitive Landscape and Strategies
Global Electronic Design Automation (EDA) Tools Market Overview 2024: Size, Growth Rate, and Segments
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The electronic design automation (eda) tools global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Electronic Design Automation (EDA) Tools Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
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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Scope Of Electronic Design Automation (EDA) Tools Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Electronic Design Automation (EDA) Tools Market Overview
Market Drivers –
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.
Market Trends –
Major companies operating in the electronic design automation (EDA) tools market are developing advanced technologies such as Synopsys.ai to gain a competitive edge in the market. Synopsys.ai utilizes cloud computing to improve efficiency and scalability in design automation workflows. They enable on-demand resource provisioning and platform abstraction and foster collaborative development environments, enhancing flexibility and productivity. For instance, in March 2022, Synopsys, Inc., a US-based software development and electronic design automation company, launched Synopsys.ai, a suite of AI-powered solutions for designing, verifying, testing, and manufacturing advanced digital and analog chips. This full-stack, AI-driven EDA suite is designed to accelerate the chip design workflow by enabling companies to build more AI-driven optimization and data analytics capabilities across all stages of IC (integrated circuit) chip development.
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
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Regional Insights –
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.
Key Companies –
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
Table of Contents
1. Executive Summary
2. Electronic Design Automation (EDA) Tools Market Report Structure
3. Electronic Design Automation (EDA) Tools Market Trends And Strategies
4. Electronic Design Automation (EDA) Tools Market – Macro Economic Scenario
5. Electronic Design Automation (EDA) Tools Market Size And Growth
…..
27. Electronic Design Automation (EDA) Tools Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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