What is the Historic and Current Scenario of the Electronic Design Automation Software Market?
The electronic design automation software market has seen considerable growth due to a variety of factors.
• In the past few years, there has been substantial growth in the electronic design automation software market. The size of this market is projected to increase from $34.75 billion in 2024 to $36.86 billion in 2025, reflecting a compound annual growth rate (CAGR) of 6.1%.
Factors contributing to the growth during the historic period include a rise in the complexity of integrated circuits, an expansion in the consumer electronics and IoT sector, increased applications in aerospace and defense, enhancement in automotive electronics, and an upsurge in PCB design and manufacturing.
What are the Forecasted Growth and Key Factors of the Electronic Design Automation Software Market?
The electronic design automation software market is expected to maintain its strong growth trajectory in upcoming years.
• The market for electronic design automation software is anticipated to witness substantial growth in the forthcoming years. With the compound annual growth rate (CAGR) pegged at 6.3%, the market is predicted to reach a valuation of $47.01 billion by 2029.
The projected growth during this period can be ascribed to factors such as advancements in quantum computing, heightened focus on cybersecurity, the emergence of 3D packaging and advanced interconnects, international trade dynamics, and environmental regulations. The period is also expected to see key trends like the adoption of digital twin technology, emphasis on design for reusability, real-time design analytics, the practice of distributed and collaborative design, and automation design for IoT security.
What Are The Leading Drivers Of Growth In The Electronic Design Automation Software Market?
The upward trajectory of the internet of things (IoT) and the utilization of interconnected devices are anticipated to jumpstart the expansion of the electronic device automation software market. The automation capabilities brought about by IoT diminish the need for manual labor and minimize operational expenses, thereby enhancing the pace of business operations. The main goal of IoT is to establish an ecosystem that interlinks everything through built-in sensors, software, and additional technologies. These IoT devices gather data and transmit it to a cloud server that analyses it for potential enhancements and advancements. For instance, in May 2022, IoT Analytics GmbH, a business intelligence provider of market insights based in Germany, reported that the total number of worldwide IoT connections increased to 12.2 billion active endpoints in 2021, marking an 8% growth. The number is forecasted to rise to 14.4 billion active connections in 2022, noting an 18% surge. Thus, the burgeoning internet of things (IoT) and interconnected devices are steering the growth of the EDAS market.
How Are The Segments Defined Within The Global Electronic Design Automation Software Market?
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
Subsegments:
1) By Computer-Aided Engineering (CAE): Simulation and Analysis Software, Structural Analysis Tools, Thermal and Fluid Dynamics Simulation
2) By IC Physical Design and Verification: Layout Design Tools, Design Rule Checking (DRC) Software, Layout Versus Schematic (LVS) Verification Tools
3) By Printed Circuit Board and Multi-Chip Module (PCB and MCM): PCB Design Software, PCB Manufacturing Software, Multi-Chip Module Design Tools
4) By Semiconductor Intellectual Property (SIP): Standard Cell Libraries, Analog and Mixed-Signal IP, Digital Signal Processing (DSP) Cores
Pre-Book The Electronic Design Automation Software Global Market Report 2025 Report For Swift Delivery And Comprehensive Insights:
How Are New Trends Expected To Influence The Growth Of The Electronic Design Automation Software Market?
Prominent entities in the market for Electronic Design Automation (EDA) software are keen on enhancing their market stance through offering technologically superior solutions. Tools encompassed within the EDA software domain are integral to the design, simulation, verification, and manufacturing of electronic systems, including integrated circuits (ICs) and printed circuit boards (PCBs). For instance, HCL, a Indian IT services and consulting firm, launched an advanced Electronic Design Automation solution in March 2024. The automation features of these EDA tools enhance efficiency and minimize errors in tasks like circuit design, layout, simulation, and verification. The primary objective of this state-of-the-art solution is to fast-track large scale EDA implementations, greatly trim down the time-to-market, and augment the quality and dependability of products. By incorporating NetApp's Design Anywhere framework, HCLTech is committed to assist its customers in refining their IT infrastructure, supervising their frameworks, and organizing workloads while presenting tailor-made consumption models to suit varying requirements.
Who Are the Key Players in the Electronic Design Automation Software Market?
Major companies operating in the electronic design automation software market include:
• 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
What Is The Most Dominant Region In The Electronic Design Automation Software Market?
North America was the largest region in the electronic design automation software market in 2024. 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.
