Global Electronic Design Automation Tools (EDA) Market - Segmented by Product Type, End User (Automotive, Manufacturing, and Healthcare), and Geography - Growth, Trends, and Forecast (2022 - 2030)

The electronic design automation (EDA) tools market is projected to register a CAGR of 12.2% during the forecast period (2018 - 2023).

The scope of the report includes insights about several products offered by major players. The End-users segment includes automotive, manufacturing, healthcare, and aerospace & defense sectors. The regions included in this study are North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.

Electronic Design Automation consists of software tools used in the designing of electronic systems and components, such as integrated circuits and printed circuit boards. The tools allow hardware and software providers to design and simulate several electronic components and systems. The demand of EDA tools has increased significantly due to the reduction in time of electronics component or system design. Additionally, the intense competition in the electronic industry is driving the manufacturers to address such issues. Increasing automation in automobiles, along with the rapid growth of connected devices is expected to increase the demand for advanced semiconductor devices, thereby increasing the growth of the electronic design tools market.

Demand for Compact Electronic Devices

The demand for compact electronic devices has been increasing across several sectors, such as automotive and industrial manufacturing, and has compelled the IC manufacturers to increase investment in R&D, to reduce the size while improving the performance of ICs. This has led to the development of microelectromechanical systems (MEMS) and 3D semiconductor devices. Thus, in order to develop better products with advanced deposition and pattering, the adoption electronic design automation tools has been increasing.

North America Occupies a Significant Market Share

Factors, such as, economic growth, favorable government policies, and increasing demand for consumer electronic devices in the US have increased the market’s growth. The intensifying significance of the IoT and the presence of prominent semiconductor device manufacturers, such as Intel, are expected to impact the market during the forecast period.

Key Developments in the Market

• April 2018 - Cadence expands Virtuoso Platform with enhanced system design, advanced node support down to 5nm, and simulation-driven layout.

Major Players: SYNOPSYS INC., CADENCE DESIGN SYSTEMS INC., MENTOR GRAPHIC CORPORATION, MAGMA DESIGN AUTOMATION LTD, ZUKEN INC, SIEMENS PLM SOFTWARE INC., KEYSIGHT TECHNOLOGIES, AGNISYS INC., ANSYS INC., ALTIUM LIMITED, APACHE DESIGN SOLUTIONS INC., amongst others.

Reasons to Purchase this Report

• Impact of the growing semiconductor industry.
• Analyzing various perspectives of the market with the help of Porter’s five forces analysis.
• Growth of various products, such as printed circuit board (PCB) and integrated circuits (IC).
• Regional analysis of the market
• Identify the latest developments, market shares, and strategies employed by the major market players.
• 3 months analyst support, along with the Market Estimate sheet (in excel).

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This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.

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