What Has Been the Growth of the Electronic Design Automation EDA Market So Far?
The electronic design automation eda market has seen considerable growth due to a variety of factors.
• The rapid expansion of the electronic design automation (EDA) market size has been noticeable in the past few years. The market, which was valued at $15.12 billion in 2024, is projected to attain a size of $16.65 billion by 2025, progressing at a compound annual growth rate (CAGR) of 10.1%.
This substantial expansion during the historical period has been fueled by increased demands for EDA resources in the automotive sector, wider adoption of finfet architecture, enhanced infiltration of IoT, VR, and AI, escalating demand for compact and portable electronic gadgets, and the growing need for machine learning in EDA.
What Is the Forecasted Market Size and Growth Rate for The Electronic Design Automation EDA Market Size In The Coming Years?
The electronic design automation eda market is expected to maintain its strong growth trajectory in upcoming years.
• A significant surge in the size of the electronic design automation (EDA) market is predicted over the upcoming years with the expectation to escalate to $22.73 billion in 2029, boasting a compound annual growth rate (CAGR) of 8.1%.
The predicted growth for the upcoming period results from the rising need for intricate integrated circuits (ICS), increasing miniaturization in various industries, growing consumer awareness of fitness, the expansion of internet of things (IoT) and linked devices, and the escalating usage of field-programmable gate arrays (FGGAS) in data centers. The forecast period will also see major trends including technological progress, the introduction of 5G technology, increased use of IoT devices, application of SoC technology, and integration of machine learning capabilities with AI.
What Factors Are Driving Growth In The Electronic Design Automation EDA Market?
The surge in need for intricate integrated circuits (ICs) is projected to accelerate the electronic design automation (EDA) market's expansion. Made up of connected components like resistors, transistors, and capacitors on a singular semiconductor material such as silicon, complex integrated circuits (ICs) are compact electronic chips. EDA tools are beneficial in aiding engineers to proficiently manage the intricacies of creating superior integrated circuits, assuring that functionality, performance, and constructability align with the required specifications. These tools have the ability to compile, examine, and replicate these HDL descriptions to validate the design's accuracy, ensuring conformance to necessary specifications. For example, the Semiconductor Industry Association (SIA), a US-based trade association and lobbying sector, reported in October 2024 that global semiconductor sales hit $53.1 billion in August 2024. This was a 20.6% hike from the $44.0 billion documented in August 2023 and a 3.5% climb from the $51.3 billion realized in July 2024. Hence, the growing need for intricate integrated circuits (ICs) is fuelling the expansion of the electronic design automation market.
What Are The Main Segments Of The Global Electronic Design Automation EDA Market?
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
Subsegments:
1) By Computer Aided Engineering (CAE): Simulation Software, Analysis Tools, Testing And Validation Tools
2) By Semiconductor Intellectual Property (SIP): Soft IP, Hard IP, Mixed-Signal IP
3) By Integrated Circuit (IC) Physical Design And Verification: Layout Design Tools, Place And Route Tools, Design Rule Checking (DRC) Tools, Layout Versus Schematic (LVS) Tools
4) By Printed Circuit Board (PCB) And Multi-Chip Module (MCM): PCB Design Tools, MCM Design Tools, Design For Manufacturing (DFM) Tools, Schematic Capture Tools
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What New Trends Are Influencing The Electronic Design Automation EDA Market?
Leading firms in the electronic design automation (EDA) market are pioneering new products like Tessent RTL Pro in order to stand out in the competitive landscape. Tessent RTL Pro serves as a software solution aimed at assisting integrated circuit (IC) design groups in accelerating and simplifying a vast range of crucial design-for-test (DFT) tasks for future-oriented designs. For example, in October 2023, Germany's Siemens AG, a company specialized in automation that designs, innovates, and produces various products, introduced the sophisticated software solution known as Tessent RTL Pro. This groundbreaking software streamlines the analysis and insertion process of test points, wrapper cells, and x-bounding logic in the initial phases of the design flow, which allows engineers to spot and deal with testability problems at the beginning of design. Tessent RTL Pro is integrated with Siemens' Tessent DFT tools to offer unprecedented functionality, enabling clients to shorten the design turnaround time and enhance their product's time-to-market.
Who Are the Key Players In The Electronic Design Automation EDA Market?
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.
What Is The Most Dominant Region In The Electronic Design Automation EDA Market?
North America was the largest region in the electronic design automation (EDA) market in 2024. 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.
