The global electronic design automation (EDA) market is currently witnessing strong growth. Electronic design automation (EDA) refers to a set of software tools used to develop automated systems digitally. It uses integrated layouts of analog and digital designs to create integrated circuits (ICs) and other electronic components. Nowadays, EDA has gained preference as it helps eliminate manufacturing errors and reduce the cost of production and time required for designing ICs.
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The global EDA market is primarily driven by significant growth in the electronics and semiconductor industries. The integration of the Internet of Things (IoT), augmented reality (AR) and artificial intelligence (AI) with connected devices are also supporting the adoption of circuits, semiconductors and sensors that are compact and require low operational power. This rising trend of miniaturization has prompted manufacturers to utilize EDA solutions to design advanced electronics with compact components, such as automotive gadgets, smart wearable devices and healthcare equipment. These factors are expected to strengthen the growth of the market.
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Breakup by Solution Type:
- Semiconductor IP
- CAE (Computer Aided Engineering)
- IC Physical Design and Verification
- PCB & MCM (Printed Circuit Mode and Multi-Chip Module)
Breakup by Deployment Type:
Breakup by End-Use Industry:
Breakup by Region:
- North America
- United States
- Asia Pacific
- South Korea
- United Kingdom
- Latin America
- Middle East and Africa
The competitive landscape of the industry has also been examined with some of the key players being Altium, ANSYS Inc., Autodesk Inc., Boldport Limited, Cadence Design Systems Inc., Mentor (a Siemens Business), Silvaco Inc., Synopsis Inc., Vennsa Technologies, Xilinx Inc., etc.
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Note: As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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